Increase in the trend of supplement consumption, increase in food awareness among people, increase in inclination towards physical fitness and immaculate health benefits of col fish oil to treat chronic diseases, the cancer and cardiovascular disease to drive the growth of the global cod fish oil market. Supply chain disruption and lack of worker availability during the pandemic has negatively impacted the growth of the global cod oil market.
Portland, OR, Nov. 11, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the cod oil market generated $432.4 million in 2021 and is expected to reach $1.1 billion by 2031, growing at a CAGR of 10% from 2022 to 2031. The report offers a detailed analysis of key winning strategies, evolution market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.
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COVID-19 scenario:
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The COVID-19 pandemic has negatively impacted the growth of the global cod fish oil market, due to the occurrence of lockdowns which have caused large-scale supply chain disruption during the pandemic .
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The closures have led to labor shortages during the pandemic, which has negatively impacted market growth.
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In addition, several import and export restrictions have been imposed by the governments of various countries around the world, which has resulted in the unavailability of adequate raw materials during the pandemic.
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These restrictions were imposed by the government in order to significantly curb the spread of the virus during the pandemic. However, the market is expected to recover with increased consumer awareness and easing of restrictions.
The report offers a detailed segmentation of the global cod oil market based on form, source, application, and region. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.
Based on form, the liquid segment held the dominant market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The capsules segment, on the other hand, is expected to quote the fastest CAGR of 10.1% during the forecast period.
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According to the source, the Atlantic cod segment held the largest market share in 2021, holding almost two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The Greenland cod segment, on the other hand, is expected to quote the fastest CAGR of 10.5% over the forecast period.
Based on the applications, the dietary supplements segment held the dominant market share in 2021, holding nearly two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The nutraceuticals segment, on the other hand, is expected to quote the fastest CAGR of 10.3% during the forecast period.
Based on the region, the Asia-Pacific market held the dominant market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leading status during the forecast period. The North America region, on the other hand, should cite the Fastest CAGR 12.1% over the forecast period.
The major players analyzed in the global cod oil market report are BARLEAN’S ORGANIC OILS, LLC and BLUELINE FOODS INDIA PVT. LTD, CARLSON LABS, LYSI HF, NESTLE SA, NORDIC NATURALS INC, NOW HEALTH GROUP, INC, OLVEA GROUP, THE PROCTER & GAMBLE COMPANY and WN PHARMACEUTICALS.
The report analyzes these key players in the global cod oil market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.
Access statistical data and graphs, strategies of key players: http://bit.ly/3fY4U1q
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