What Has Been the Progress and Growth of the Cod Fish Oil Market in Recent Years?
The cod fish oil market has seen considerable growth due to a variety of factors.
• The cod fish oil market has grown rapidly in recent years. It is expected to grow from $0.62 billion in 2024 to $0.7 billion in 2025, with a CAGR of 13.0%.
This growth is driven by greater awareness of mental health benefits, rising demand for nutritional supplements, the increase in fatty acids in diets, growing health consciousness, and the increasing popularity of omega-3 supplements.
How Does the Forecast Look for the Cod Fish Oil Market?
The cod fish oil market is expected to maintain its strong growth trajectory in upcoming years.
• The cod fish oil market is forecasted to grow rapidly, reaching $1.13 billion by 2029, at a CAGR of 12.8%.
This growth is driven by rising chronic diseases, supplement demand, increased cod fish oil use, omega-3 demand, and dietary supplement growth. Trends include extraction/processing advancements, pharmaceutical applications, product innovation, and sustainability.
What Are The Leading Drivers Of Growth In The Cod Fish Oil Market?
The rising prevalence of chronic diseases is expected to spur growth in the cod fish oil market. Chronic diseases are increasingly common due to aging, lifestyle changes, and risk factors like poor diet and inactivity. Cod fish oil, rich in omega-3 fatty acids, is beneficial in managing chronic conditions by reducing inflammation and supporting heart health. The National Library of Medicine reported that the number of people aged 50+ with chronic illness in the US is expected to rise from 71.5 million in 2020 to 142.7 million by 2050, a 99.5% increase. This growing prevalence of chronic diseases is driving the codfish oil market.
How Are The Segments Defined Within The Global Cod Fish Oil Market?
The cod fish oil market covered in this report is segmented –
1) By Product: Liquid, Capsules, Tablets, Softgels, Powder
2) By Source: Atlantic Cod, Arctic Cod, Pacific Cod, Greenland Cod
3) By Distribution Channel: Supermarket And Hypermarket, Convenience Store, Drug Store, Online, Other Distribution Channels
4) By Application: Pharmaceutical, Nutraceuticals, Personal care And cosmetic, Dietary supplements
Subsegments:
1) By Liquid: Unflavored Liquid Cod Fish Oil, Flavored Liquid Cod Fish Oil
2) By Capsules: Standard Cod Fish Oil Capsules, Enteric-Coated Capsules
3) By Tablets: Standard Cod Fish Oil Tablets, High-Potency Cod Fish Oil Tablets
4) By Softgels: Regular Softgels, High-Concentration Softgels
5) By Powder: Powdered Cod Fish Oil for Dietary Supplements, Powdered Cod Fish Oil for Functional Foods
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How Are New Trends Impacting The Size Of The Cod Fish Oil Market?
Companies in the cod fish oil market are introducing new products like omega-3-enriched cod liver oil to cater to the growing demand for health supplements. In July 2022, True Westfjords, an Iceland-based manufacturer, launched Dropi Cod Liver Oil Tonic, which offers a high concentration of omega-3 fatty acids and is sourced from wild fish in the clean waters of the North Atlantic Ocean.
Who Are the Key Players In The Cod Fish Oil Market?
Major companies operating in the cod fish oil market are:
• Nestle S.A.
• BASF SE
• The Procter & Gamble Company
• Sanofi S.A.
• Orkla ASA
• NOW Foods Group Inc.
• Omega Protein Corporation
• WN Pharmaceuticals Ltd.
• Nordic Naturals Inc.
• Seven Seas Ltd.
• Country Life
• Groupe OLVEA
• Carlson Labs
• Mason Vitamins
• Barlean's Organic Oils LLC
• Mara Renewables Corporation
• Marenco Limited
• Blueline Foods India Pvt Ltd.
• LYSI HF
• Shinepro Life Sciences Private Limited
What Is The Most Dominant Region In The Cod Fish Oil Market?
Asia-Pacific was the largest region in the cod fish oil market in 2023. The regions covered in the cod fish oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
