Cod Liver Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Cod Liver Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : September, 2020 | Food and Beverages | PPT format

Report Digest


Global Cod Liver Oil Market: Snapshot

Cod liver oil is rich in nutrition and hence is utilized in pharmaceutical businesses as a medicinal ingredient. Cod liver oil is present in the form of capsules or soft gels in the item portfolio of several organizations. The cod liver oil market is relied upon to rise decently during the forthcoming years. This is credited to rising awareness and number of health conscious people. Cod liver oil is generally fabricated in European nations that have bigger coastlines, similar to the UK, Norway, and Iceland. The most purchasers of cod liver oil are in the U.S., because of surging concerns regarding health and fitness among the global population.

In the global fish oil market, the demand regarding cod liver oil is high because of its advantages for cardiovascular illnesses and mental health. Cod liver oil has different applications in food and pharmaceutical sector for making dietary and nutraceutical supplements. Cod liver oil is extracted from the liver of cod fish aka Gaddus morhua, that are generally found in the Atlantic and Arctic ocean. In the cod liver oil market, the demand for cod liver oil significantly originates from North America and Europe. Europe is the world's biggest maker of cod liver oil in the global market. Because of its numerous medical advantages, the demand for cod liver oil is expanding in the global fish oil market. It would be foreseen that there would be higher returns for investments in cod liver oil later on.

There has been considerable rise in food supplement utilization among the people. Because of urbanization and occupied lifestyle, females consume more dietary enhancements than men.

Global Cod Liver Oil Market: Overview

Cod liver oil is a popular health supplement rich in omega 3 fatty acid, vitamin A, and vitamin D. The global cod liver oil market has risen impressively over the last couple of years and is expected to maintain the momentum in the next couple of years as well. This is because of its rising usage in a number of end use industries. Those include animal feed, cosmetics, food and beverage, and others.

Currently, main suppliers in the global cod liver oil market are Peru, Denmark, Norway, and China. While these nations are major exporters, Norway is considered a major importer.

Global Cod Liver Oil Market: Trends and Opportunities

There are various unique perceived benefits of cod liver oil driving the global cod liver oil market. Foremost among them is their high nutritional quotient. In children, as a nutritional supplement, those can aid in brain and vision development. In adults, cod liver oil helps in tackling high blood pressure, high cholesterol, arthritis pain, heart disease, autoimmune disease, depression, and others.

Another factor serving to drive the global cod liver oil market is its widespread uptake in various end use industries. Apart from that, growing concern over healthy skin, alongside rising incorporation of animal protein in livestock feed, is also leading to sales in the market.

On the flipside, too much of cod liver oil can result in side effects such as heartburn, belching, nosebleeds, and bad breath. Awareness about the same is deterring sales growth to an extent in the global cod liver oil market.

Global Cod Liver Oil Market: Market Potential

The products in the global cod liver oil market are available in various forms. Those include oral liquid, capsules, powder, and others. Of them, the segment of capsules is believed to be seeing maximum uptake. This is mainly because of the ease of use. Consumers are increasingly purchasing it as dietary supplements.

The end use industry of pharmaceutical could be at the forefront of driving the global cod liver oil market. One major reason behind it is the ability of cod liver oil to cure various health issues. Demand from the cosmetic industry is examining a steady growth in the cod liver oil market based on rising awareness of its attribute to provide a healthy skin.

Global Cod Liver Oil Market: Regional Outlook

Regionally, Europe and North America are believed to be substantially contributing to the global cod liver oil market. This is because of the high degree of awareness about the product in the regions and also the considerable consumerism. Apart from the two regions, Asia Pacific cod liver oil market is also emerging as a potential one. This is because of the rising middle class population in the region and the proliferating sales channels.

Global Cod Liver Oil Market: Competitive Landscape

Prominent participants in the global cod liver oil market include Seven Seas Ltd, LYSI hf, Nordic Naturals, Inc., Mason Vitamins, and Twinlab Corporation. Key companies in the market are adopting novel growth strategies such as collaborations and product innovation. These strategies are likely to open new growth avenues for savvy companies in the global cod liver oil market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?