Global Cod Liver Oil Market By Product Type (Oral Fluids, Oral Capsules), Application (Arthritis, Cardiovascular Disease Respirator, Tract Infections, Diabetes, Others), Distribution Channel (Online, Offline)
Market Analysis: Global Cod Liver Oil Market
Global cod liver oil market is projecting a rise in estimated value by registering a substantial CAGR of 6.5% in the forecast period of 2019-2026 due to unawareness among people, rise in supplements consumption and prescription by doctors for the health related issues.
Competitive Analysis
Global cod liver oil market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cod liver oil market for Global, Europe, North America, Asia Pacific and South America.
Market Definition: Global Cod Liver Oil Market
Global Cod liver oil Market is a supplement which is extracted from the cod fish liver. It consists of omega-3 fatty acids, vitamin A and vitamin D as a nutrients. Cod is yellow dense fluid and highly recommended for children suffering from lack of vitamin D and further for treatment of heart disease, arthritis pain, depression and others. Moreover, cod liver oil is prescribed by the doctors during the pregnancy period act as a health booster supplement and reduces the risk of diabetes in child. Other than this, cod is used in various applications such as improving muscle strength, and lowering muscle soreness and more.
Market Drivers:
• Increase in deficiency of vitamin A among Asia and other regions acts as a driver for the market growth
• Rise in supplements consumption and healthy lifestyle boosts the market growth
• It is highly prescribed by the doctors for health related issues such as high cholesterol and high blood pressure which acts as a driver for this market
• Increase application of cod in various industries such as pharmaceuticals, cosmetics and animal feed also enhances the market growth
Market Restraints:
• Unawareness among people about the dosage of cod as high dosage causes bleeding and heart failure
• Presence of alternative supplements in the market is going to act as a restraint for the market growth
Segmentation: Global Cod Liver Oil Market
By Product Type
• Oral Fluids
• Oral Capsules
By Application
• Arthritis
• Cardiovascular Disease Respiratory
• Tract Infections
• Diabetes
• Others
Key Developments in the Market
• In August 2018, Lysi launched their premium, Icelandic brand after introducing lemon & lemon-mint cod liver oil into the U.S. market. Through this product launch, Lysi tried to cover all age groups of U.S. ranging from children to geriatric population
• In April 2018, Procter & Gamble acquired the Merck KGaA with a deal of USD 4.2 billion. Procter & Gamble aimed to take over vitamins and food supplements business with the acquisition and the products included were Seven Seas cod liver oil, Febimion women supplements and Nasivin nasal decongestant which expands the company’s growth
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