Market Overview:
Cod liver oil is a thick, yellow oil derived from liver of cod fish. It contains high level of vitamin A, vitamin D, and the omega 3 fatty acid. Owing to its high nutritional level, it is used as a nutritional supplement in a child’s diet, which helps in brain development, intelligence and vision. Moreover, it is a source of ailment for various health issues such as high cholesterol, high blood pressure, heart disease, arthritis pain, depression, autoimmune disease, and many more. Additionally, it is gaining popularity in various industries such as cosmetics, animal feed, food & beverage, and many more owing to its high nutritional content.
Cod Liver Oil Market is projected to grow at a CAGR of 6.5% over the forecast period. Cod liver oil is a thick, yellow oil derived from liver of cod fish. Cod liver oil is a source of flexible joints, strong heart, good eyesight, and healthy skin in humans as well as animals. It is available in different forms such as capsules, oral liquid, powder, and others. Owing to its high nutritional value, it is gaining popularity among various industries such as pharmaceuticals, cosmetics, animal feed, food & beverages, and others.
Cod Liver Oil Market and is expected to grow substantially over the forecast period 2017-2023. Moreover, increasing health issues among the rising population is driving the market growth of cod liver oil. Changing lifestyle and rising health conscious population is driving the growth of cod liver oil market in Europe. Additionally, in Europe, Norway is dominating the cod liver oil market.
Furthermore, increasing market competition of cod liver oil leading to high focus on innovations with high technological advancements is propelling the growth of cod liver oil in the European market. All these factors projected to lead the growth of the European market at a CAGR of 6.9% during the forecast period 2017-2023.
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Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major cod liver oil players. It further includes product portfolios, developments of leading players, which includes
Some of the key players profiled in the Global Cod Liver Oil Market are Mason Vitamins (U.S.), Seven Seas Ltd (U.K.), LYSI hf (England), Nordic Naturals, Inc. (U.S.), Twinlab Corporation. (U.S.), Country Life, LLC (U.K.), Power Health (U.S.)
Key Findings:
Norway is the major importer of cod liver oil and it majorly imports from Denmark, Peru, Iceland, and the U.S.
Denmark, the U.S., Peru, China, and Norway are the major exporters
Segments:
The global cod liver oil market is segmented on the basis of form, which include capsules, oral liquid, powder, and others. Among all, the capsules segment is dominating the 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, cod liver oil is segmented in pharmaceuticals, cosmetics, animal feed, food & beverage, and others. Among all, pharmaceuticals is dominating 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 market based on rising awareness of its attribute to provide a healthy skin.
The global cod liver oil market is segmented under the following regions
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- Spain
- U.K.
- Rest of Europe
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Asia Pacific
- China
- India
- Australia
- Japan
- Rest of Asia Pacific
Rest of the world
- Brazil
- Argentina
- South Africa
- Others
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