At what pace is the cod fish oil market growing, and what is its estimated value?
The cod fish oil market size has grown rapidly in recent years. It will grow from $0.62 billion in 2024 to $0.7 billion in 2025 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to increasing awareness of mental health benefits, rising demand for nutritional supplements, increasing fatty acids in the diet, rising health awareness among the masses, increasing consumption of cod liver oil, and growing demand for omega-3 supplements.
The cod fish oil market size is expected to see rapid growth in the next few years. It will grow to $1.13 billion in 2029 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to increasing chronic diseases, increasing supplement consumption, increasing demand for cod fish oil, increasing prevalence of chronic diseases, growing demand for cod liver oil omega-3, and growing demand for dietary supplements. Major trends in the forecast period include technological advancements in extraction and processing, product innovations, the development of pharmaceutical applications, and sustainability and ethical sourcing.
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What are the top drivers to the rising demand in the cod fish oil market?
The increasing prevalence of chronic diseases is expected to propel the growth of the cod fish oil market going forward. The burden of chronic diseases is rising due to aging populations, lifestyle changes, and the increased prevalence of risk factors such as poor diet, physical inactivity, and environmental influences. Cod fish oil, rich in omega-3 fatty acids, helps manage chronic diseases by reducing inflammation and supporting heart health. Its vitamins A and D further aid in bone health and immune function. For instance, in January 2023, according to the National Library of Medicine, the US-based largest biomedical library, the number of people 50 years of age and older who have at least one chronic illness is predicted to rise from 71.522 million in 2020 to 142.66 million in 2050, a 99.5% increase. Simultaneously, it is anticipated that the number of people with multimorbidity is going to grow from 7.8304 million in 2020 to 14.968 million in 2050, a 91.16% increase. Therefore, the increasing prevalence of chronic diseases drives the codfish oil market.
How is the cod fish oil market segmented?
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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Who are the top competitors 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 significant trends should we anticipate in the cod fish oil market over the forecast period?
Major companies operating in the cod fish oil market are focusing on developing new products, such as omega-3-enriched cod liver oil, to cater to increasing consumer demand for high-quality, health-enhancing supplements and to differentiate their offerings in a competitive market. Omega-3-enriched cod liver oil is designed to provide a higher concentration of omega-3 fatty acids, which are essential for heart health and brain function. For instance, in July 2022, True Westfjords, an Iceland-based cod liver oil manufacturer, launched Dropi Cod Liver Oil Tonic, which features a unique blend of omega-3 fatty acids, a high concentration of EPA and DHA, and a gentle, easy-to-swallow capsule. This product is sourced from the local daily wild catch of fresh fish that swim in the deep blue waters of the North Atlantic Ocean, one of the cleanest fishing grounds in the world.
Which regional trends are influencing the cod fish oil market, and which area dominates the industry?
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.
What Does The Cod Fish Oil Market Report 2025 Offer?
The cod fish oil market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Cod fish oil refers to oil extracted from the liver of cod fish and is rich in omega-3 fatty acids, vitamins A and D, and antioxidants. It is used as a dietary supplement and has numerous health benefits, including reducing inflammation, improving heart health, and supporting bone health.
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