Cod Liver Oil Market: Introduction
Cod liver oil is a dietary supplement that is a rich source of omega_3 fatty acids like other fish oils in the market. In addition, it is also rich in vitamin A and D. Cod liver oil, as its name suggests, is extracted from the liver of cod fish, and processed to make its suitable for human consumption. Due to its wide nutrient content, it is used in pharmaceutical industries as an ingredient for medicines. Cod liver oil is available as soft gels and capsules in the product portfolio of many companies. The cod liver oil market is expected to increase moderately during the forecast period, due to increasing awareness and health consciousness. Cod liver oil is mostly manufactured in European countries that have larger coastlines, like Norway, Iceland, U.K., and others. The most consumers of cod liver oil are in the U.S., due to increasing health concerns among the population.
Cod Liver Oil: Market Outlook
Cod liver oil is considered one of the rich sources of good fatty acids and vitamins. Cod liver oil is gaining worldwide popularity, owing to the omega-3, and vitamin A and D content in it. In the global fish oil market, the demand for cod liver oil is high due to its benefits for mental health and cardiovascular diseases. Cod liver oil has various applications in pharmaceutical and food industries for making nutraceutical and dietary supplements. Cod liver oil is extracted from the liver of cod fish (Gaddus morhua), which are mostly found in the Arctic and Atlantic oceans. In the global cod liver oil market, the demand for cod liver oil majorly comes from Europe and North America. Europe is the world’s largest producer of cod liver oil in the global market. Due to its multiple health benefits, the demand for cod liver oil is increasing in the global fish oil market. It would be anticipated that there would be higher returns for investors in cod liver oil in the future.
Fortification of Processed Food with Encapsulated Cod Liver Oil
The increasing demand for nutritious food has led food industries to use fish oil in processed food to increase the nutritional content. Cod liver oil is rich in omega-3 fatty acids such as DHA, EPA, and vitamin A & D, which can be encapsulated using carrier proteins and can be incorporated into the food, and will not affect the flavor and aroma of the food.
Increasing Trend of Supplement Consumption
There has been substantial increase in food supplement consumption among the population. Due to urbanization and busy lifestyles, women consume more dietary supplements than men. In a report published by the Nutritional Diet and Nutrition survey, 33% of adults aged 19-64 years, 22% of young people, and 40% of adults 65 years and older consume dietary supplements to fulfill their nutritional needs.
Increasing Vitamin A Deficiency in Asia Pacific and Middle East & Africa
In developing countries, there has been substantial increase in vitamin A deficiency, which provides a better opportunity for companies to introduce cod liver oil as a dietary supplement. They can also encapsulate cod liver oil for the fortification of regional food and beverages, which will ensure the consumption of vitamin A in diets.
Rapid Urbanization in Developing Countries
In developing countries like China and India, urbanization leads to more working women, which leads to the consumption of processed food that has less nutritional content. To fulfill the nutritional content, women consume dietary supplements such as cod liver oil. With the increase in per capita income and more investment in protein rich diets, there has been substantial increase in cod liver oil consumption.
Cod Liver Oil Prescribed by Doctors
The increase in cod liver oil consumption is also due to the prescriptions by doctors. People with low vitamin A and D content are facing several health issues like night blindness and rickets. Doctors prescribe cod liver oil to elevate the symptoms, which will also help in fulfilling their nutritional demand. Doctors also prescribe cod liver oil to pregnant women, which is beneficial in the development of babies.
Cod Liver Oil in Aqua Feed
According to a study by Metian and Tacon, in 2006, industrially formulated feeds for crustaceans and farmed fish used 88.5% of fish oil. Cod liver oil can serve as a great source of energy, and the only source of long-chain omega-3 fatty acids, which are essential for aquatic organisms. As most of the fish are not able to synthesize long-chain omega-3 fatty acids in their body, they must consume it in their food.
Global cod liver oil market report description
The Persistence Market Research report on the global cod liver oil market analyses the opportunities in the market, and presents updates and insights pertaining to the various segments in the global cod liver oil market over the forecast period 2018–2026.
This report provides forecast and analysis of the global cod liver oil market. It provides historical data of 2013, along with estimated data for 2018, and forecast data up to 2026 in terms of revenue (US$ Mn) and volume (MT). The report also includes macroeconomic indicators, along with an outlook on cod liver oil for the global market. It includes the drivers and restraints of the global cod liver oil market, and their impact on each region during the forecast period. The report also comprises the study of ongoing industry trends and opportunities for cod liver oil. It also includes value chain analysis of cod liver oil. For providing users with a comprehensive view of the cod liver oil market, we have included a detailed competitive analysis, along with key players in the market, and analysis on the strategies followed by them. The competitive dashboard provides a detailed comparison of cod liver oil manufacturers on the basis of revenue, product offerings, and key strategies. The study encompasses cod liver oil market attractiveness analysis by source, form, flavour, end use, distribution channel, processing, and region.
A detailed study of cod liver oil has provided our analysts with a comprehensive view of the market, which shows the increased usage of cod liver oil in a variety of end-use industries such as dietary supplements, nutraceuticals, personal care, etc., to cater to the demand for essential fatty acids and vitamins for health-conscious consumers. Cod liver oil production has also been increased due to the increasing demands from consumers in developed and developing countries, due to the awareness of its multiple health benefits. The report includes the company profiles of key manufacturers of cod liver oil in North America, Latin America, Europe, Japan, APEJ, and MEA.
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva and Hoovers, and company annual reports_bk_01_01_2020 and publications. This report covers market dynamics related to cod liver oil, which include the drivers and trends driving each segment, and opportunities in the cod liver oil market. The report also includes analysis and insights into the potential of the cod liver oil market in specific regions. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, the product portfolio of cod liver oil manufacturers, and recent developments in the cod liver oil market space. Some of the key players of cod liver oil are Natures Aid Ltd., OLVEA Fish Oil, Omega Protein Corporation, J. R. Carlson Laboratories Inc., Nordic Naturals Inc., Now Health Group Inc., WN Pharmaceuticals Ltd., Orkla Health AS, Blueline Foods India Pvt Ltd., and others.
Global cod liver oil production was analysed to find out the data for overall cod liver oil consumption. Cod liver oil consumption in each and every segment where it is consumed was carefully listed, and also the quantity and the value of the cod liver oil in that particular segment was analysed.
On the basis of source, the global cod liver oil market has been segmented as-
On the basis of form, the global cod liver oil market has been segmented as-
On the basis of distribution channel, the global cod liver oil market has been segmented as-
On the basis of flavor, the global cod liver oil market has been segmented as-
On the basis of end use, the global cod liver oil market has been segmented as-
On the basis of processing, the global cod liver oil market has been segmented as-
On the basis of region, the global cod liver oil market has been segmented as-