PUBLISHER: Allied Market Research | PRODUCT CODE: 1193213
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193213
The global cod fish oil market was valued at $432.4 million in 2021, and is projected to reach $1,103.8 million by 2031, registering a CAGR of 10.0% from 2022 to 2031. Cod fish oil is extracted from the liver of cod fish. Cod fish oil contains omega-3 fatty acid eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), as well as vitamin A and vitamin D. Omega 3 fatty acid, helps to reduce the risk of cardiovascular diseases & heart diseases and is also helpful in fighting with chronic diseases. Moreover, Vitamin A and vitamin D meet the nutrition level in human beings. Cod fish oil can be used as a cosmetics product, owing to its rich source of omega-3 fatty acids, cod liver oil is an excellent way to reduce wrinkles and acne. Furthermore, cod fish oil provides essential nutrients, moisture, and other benefits, which make skin healthy, beautiful, and nourished. The growth in awareness among medical professionals and the public about the importance of cod liver oil has led to a significant increase in fish oil consumption. Therefore, the companies have expanded their dietary supplement and pharmaceutical product lines. The rise in demand for omega-3 fatty acids, Vitamin A, and Vitamin D in human nutrition fosters the growth of the cod fish oil market.
Moreover, consumption is significantly increasing owing to its numerous health benefits. In addition, cod liver oil is prescribed by doctors to treat chronic diseases, cancer, and cardiovascular diseases. Furthermore, it helps to reduce anxiety, brain-related diseases, reduce inflammation, joint pain, and eye diseases. Hence, the demand for nutrition in human being drives the growth of the cod fish oil market.
Furthermore, the rise in health consciousness among people has led to increasing in the consumption of cod fish oil supplement products. Adequate dosages of supplements keep people healthy. Moreover, cod liver oil is also used for medicine, which increases the demand for cod fish oil in pharmaceutical products. The price fluctuations and market penetration of substitute products, such as vegetable proteins and other animals are anticipated to hamper the growth of the cod fish oil market. Moreover, the price fluctuations and market penetration of substitute products, such as vegetable proteins and other animals are anticipated to hamper the growth of the cod fish oil market.
The cod fish oil market is segmented into form, source, application, and region. By form, the market is categorized into capsules, liquid, and other forms. By source, it is classified into Atlantic cod, arctic cod, and pacific cod. By application, it is fragmented into dietary supplements, pharmaceuticals, nutraceuticals, and personal care & cosmetics. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Denmark, Norway, Belgium, and rest of Europe), Asia-Pacific (China, Japan, India, Vietnam, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
By source, the Atlantic cod segment was the highest revenue contributor to the market, with $162.3 million in 2021, and is estimated to reach $405.7 million by 2031, with a CAGR of 9.8%. Cod liver oil is Atlantic cod and is one of the most heavily fished species. Atlantic cod liver is an excellent source of omega-3 fatty acids, vitamin A, vitamin D, and vitamin E. Atlantic cod is the largest consumer of cod fish in the world. Owing to its medical benefits, the consumption will foster the growth of the Atlantic cod.
By application, the dietary supplements segment was the highest revenue contributor to the market 2021. The increasing prevalence of chronic diseases leads to the rising consumption of cod fish oil supplements worldwide.
By Form
By Source
By Application
By Region