Cod Liver Oil Market - Global Industry Growth, New Opportunities and Forecast – 2027
Cod liver
oil is a thick, yellow oil derived from liver of cod fish. It is rich in
vitamin A, vitamin D, omega 3, and fatty acid. Additionally, it is used for the
treatment of various health issues such as high cholesterol, high blood
pressure, heart disease, arthritis pain, depression, autoimmune disease, and
many more. Increasing health issues among the rising population is driving the
growth of the global cod liver oil market. Owing to its high nutritional value,
it is gaining popularity among various industries such as pharmaceuticals,
cosmetics, animal feed, food & beverages, and others. It is a source of
nutrition for humans as well as animals.
Competitive
analysis
The major
players in the cod liver oil market
Seven Seas
Ltd (U.K.)
LYSI hf
(England)
Nordic
Naturals, Inc. (U.S.)
Mason
Vitamins (U.S.)
Twinlab
Corporation. (U.S.)
Country
Life, LLC (U.K.)
Power
Health (U.S.)
Cod liver oil is expected to grow substantially during the forecast period. It is rich in nutrition and a major source of treatment for various rising health issues, which is increasing its application in various industries. Increasing focus on R&D likely to contribute further to the growth of the cod liver oil market.
Cod liver
oil is available in different forms such as capsules, oral liquid, powder, and
others. The market is experiencing exponential growth owing to health benefits
associated with the cod liver oil and its gaining popularity in the health-conscious
population. Escalating demand for nutritious products is driving the cod liver
oil industry. Moreover, rising concern for healthy skin among consumers is
adding fuel to the growth of the cod liver oil market.
Furthermore,
growing concern for increasing animal protein in livestock feed is contributing
to the growth of the cod liver oil industry. Additionally, growing application
of cod liver oil in various industries is propelling its market growth.
However, overdose of cod liver oil can cause harmful side effects such as
belching, heartburn, bad breath and nosebleeds, which may restrain the growth of
the cod liver oil industry. Nevertheless, all these factors are projected to
contribute to the estimated CAGR of 6.5% of cod liver oil market during the
forecast period 2017-2023.
Downstream
analysis
Cod liver
oil is segmented on the basis of form such as capsules, oral liquid, powder,
and others. Among all, the capsules segment is dominating the global market.
Owing to the gel attribute of capsules, they are applicable in various product
line with ease. Moreover, it is gaining popularity among consumers as a dietary
supplement.
On the
basis of application, the cod liver oil is segmented into pharmaceuticals,
cosmetics, animal feed, food & beverage, and others. Among all,
pharmaceuticals leading segment in the market. Owing to its high nutritional
value and its ability to cure various rising health issues among the
population, it has gained high acceptability in the pharmaceutical industry. However,
cosmetic industry is examining a steady growth in the cod liver oil industry
based on rising awareness of its attribute to provide a healthy skin.
Regional Analysis
The global cod liver oil
market is segmented
into North America, Europe, Asia Pacific, and rest of the world (RoW). Europe
is dominating the market followed by North America owing rising awareness for
healthy lifestyle. Moreover, in North America, the U.S. is the dominating cod
liver oil market.
Asia Pacific is projected
to witness high growth during the forecast period. In Asia Pacific, China is
among the major exporters of cod liver oil. Moreover, increasing population
followed by rising health issues in developing countries such as china, India,
and Japan is boosting the growth of cod liver oil in Asia Pacific. Moreover,
increasing application of cod liver oil in various industries has opened doors
for its growth in rest of the world.
NOTE: Our Team
of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
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