Global Cod Liver Oil Market Expected to Reach USD 165.93 Million by 2033 - IMARC Group

Global Cod Liver Oil Market Statistics, Outlook and Regional Analysis 2025-2033

The global cod liver oil market size was valued at USD 95.49 Million in 2024, and it is expected to reach USD 165.93 Million by 2033, exhibiting a growth rate (CAGR) of 5.68% from 2025 to 2033.

The global cod liver oil market is primarily driven by the increasing consumer awareness about its health benefits, particularly its rich content of omega-3 fatty acids, vitamins A and D, and other essential nutrients. These attributes are widely recognized for supporting cardiovascular health, boosting immunity, improving bone strength, and enhancing skin health. The rising prevalence of chronic diseases, such as arthritis, cardiovascular disorders, and vitamin deficiencies, has further increased the demand for cod liver oil as a preventive and therapeutic supplement. According to the United States National Library of Medicine (NLM), between 2025 and 2050, a 90.0% increase in the global incidence of cardiovascular conditions has been forecasted. In addition, the growing trend of health-conscious lifestyles, combined with the expanding nutraceutical and dietary supplement industries, has positioned cod liver oil as a popular choice among consumers seeking natural and functional health products. The inclusion of cod liver oil in pediatric nutrition and maternal health supplements also contributes significantly to market growth.

Technological advancements in the process of cod liver oil extraction and purification contribute to growth in this market. Better process methods mean better quality products, more purified and potent, thereby meeting the needs of the health-conscious consumer. A positive factor contributing to this market is the growing sustainability in fishing and marine where ethical sourcing and certification are a key consideration for eco-conscious buyers. Moreover, digital health platforms and e-commerce provide broader market access for cod liver oil products. As per a report published by the IMARC Group, the global e-commerce market size reached USD 26.8 Trillion in 2024 and is projected to reach USD 214.5 Trillion by 2033, exhibiting a CAGR of 25.83% during 2025-2033. This factor positively drives sales in developed as well as emerging markets. Thus, the above factors are providing a tremendous opportunity in terms of further growth based on increased health awareness and product innovation in the cod liver oil market globally.

Global Cod Liver Oil Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share on account of rising awareness about health benefits associated with cod liver oil, increasing demand for dietary supplements and functional foods, and the growing focus on preventive healthcare and wellness.

Europe Cod Liver Oil Market Trends:

With its health benefits and more awareness about its high percentage of omega-3 fatty acids, vitamin A, and vitamin D, the demand for cod liver oil in Europe is increasing. Rising consumer interest in preventive care and diet supplementation in functional food and nutraceutical applications is also supporting market growth. Another growth-inducing factor is the rising geriatric population seeking to support joint and bone health. Furthermore, improvements in processing technologies ensure that final products are of good quality, thus satisfying health-conscious customers. In addition, expansion of e-commerce websites and retail networks increases product availability. According to the IMARC Group, the Europe e-commerce market is expected to reach US$ 7.2 Billion by 2032, exhibiting a CAGR of 8.4% during 2024-2032. Besides this, the popularity of natural and organic health products aligns with consumer preferences, propelling market expansion.

North America Cod Liver Oil Market Trends:

Growing consumer awareness regarding the health benefits of cod liver oil, particularly heart, bone, and joint health, drives the North America market for cod liver oil. Dietary supplement demand, advancements in product formulations, and preventive healthcare trends also propel market growth. Expanding e-commerce platforms further improves access to products and their reach toward consumers.

Asia-Pacific Cod Liver Oil Market Trends:

The Asia Pacific market is being driven by high health awareness, increasing disposable incomes, and growing nutritional supplement demand. Expanding middle-class populations and preventative healthcare also boost consumption levels. In addition, enhancements in product formulations and improved networks of distribution, including e-commerce platforms, drive major growth in the market.

Latin America Cod Liver Oil Market Trends:

Latin America has substantial growth in the market due to increased awareness related to the nutritional benefits of cod liver oil to boost bone health, enhance immunity, and support cardiovascular benefits. Increased demand for dietary supplements among growing middle-class populations and rising health awareness are other factors stimulating industry growth. Gaining access to products through enhanced improvements in distribution channels, which incorporate e-commerce, is further propelling expansion.

Middle East and Africa Cod Liver Oil Market Trends:

Increasing health awareness, rising demand for supplements, and the growing interest in immunity and bone health are mainly driving the Middle East and Africa cod liver oil market. Increasing urbanization, along with a rise in higher disposable incomes and interest in preventive healthcare, also helps the market move forward, and improved networking systems for distribution also enhance product accessibility in various regions.

Top Companies Leading in the Cod Liver Oil Industry

Some of the leading cod liver oil market companies include Carlson Laboratories Inc., Country Life LLC (Kikkoman Corporation), LYSI hf., Mason Vitamins, Natures Aid Ltd.  (Thornton & Ross Ltd), Nordic Naturals Inc., Norwegian Fish Oil AS, NOW Foods, OLVEA Fish Oils (Groupe OLVEA), Orkla ASA, Solgar Inc. (Nestle S.A.), and WN Pharmaceuticals Ltd., among many others.

• 9 November 2024: Norwegian company Orkla ASA is exploring the possibility of an IPO of its Indian business holdings in Mumbai in 2025, raising up to US$ 400 Million. The conglomerate is collaborating with advisors regarding the sales of shares, potentially seeking a quotation of more than US$ 2 Billion for the business.

Global Cod Liver Oil Market Segmentation Coverage

• On the basis of the form, the market has been categorized into capsules, liquid, and others, wherein capsules represent the leading segment. Capsules dominate the cod liver oil market due to their convenience, precise dosage, and ease of consumption. They cover up the intense taste and smell of cod liver oil, hence making the consumer accept the product easily. Capsules are more portable and also have a longer shelf life compared to liquid products, making them a healthy choice among health-conscious consumers seeking easy and effective supplementation.
• Based on the distribution channel, the market is classified into supermarket and hypermarket, convenience store, drug store, online, and others, amongst which drug store dominates the market. Drug stores lead in the cod liver oil market as they are a familiar and trusted source for health-related products. They offer ample accessibility to various formulations of cod liver oil, namely capsules and liquids, addressing different consumer preferences. Knowledgeable pharmacists also boost consumer confidence by giving recommendations over which product to choose. Due to this, drug stores are a favored channel for procurement.
• On the basis of the end use, the market has been divided into dietary supplements, pharmaceuticals, cosmetics and personal care, and others. Among these, dietary supplements account for the majority of the market share. Dietary supplements are the main category of cod liver oil as they have products that cater to health-conscious consumers searching for specific benefits. These include improving immunity, joint health, and cardiovascular support. They are also available in convenient forms of capsules and tablets.