According to IMARC Group's latest research report, titled "Cod Liver Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," offers a comprehensive analysis of the industry, which comprises insights on the cod liver oil market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global cod liver oil market size reached US$ 90.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 152.0 Million by 2032, exhibiting a growth rate (CAGR) of 5.98% during 2024-2032.
Cod Liver Oil Market Overview:
Cod liver oil is a type of fish oil extracted from the livers of cod fish, specifically the Atlantic cod. It comprises omega-3 fatty acids, particularly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), due to which it is widely recognized for its positive impact on cardiovascular health. It aids in reducing inflammation, improving brain function, and supporting overall heart health. Additionally, it is a natural source of vitamins A and D which helps in maintaining healthy vision, cell growth, calcium absorption, bone health, and immune system regulation. It also acts as a dietary supplement to support their overall well-being, particularly during winter months when vitamin D levels tend to decrease. It is available in liquid and capsule forms, with varying levels of purity and concentration.
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Cod Liver Oil Market Trends:
The global cod liver oil market is majorly driven by the increasing global awareness of the health benefits associated with cod liver oil consumption. Along with this, the escalating demand for natural and organic health supplements, in tandem with rising health consciousness, propels the market forward. Additionally, scientific research validating the therapeutic properties of cod liver oil has bolstered its adoption in preventive healthcare. Current trends indicate a rise in the demand for fortified food and beverages, leading manufacturers to incorporate cod liver oil as a key ingredient. Moreover, advancements in extraction and refining processes, ensuring higher purity and potency, are attracting health-conscious consumers. Apart from this, the inclination for sustainable fishing practices and certifications also plays a pivotal role in shaping consumer preferences.
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