The Europe Cod Liver Oil Market would witness market growth of 8.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Cod Liver Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $17,575.8 Thousands by 2031. The UK market is exhibiting a CAGR of 7.9% during (2024 - 2031). Additionally, The France market would experience a CAGR of 9.6% during (2024 - 2031).
Cod liver oil is increasingly incorporated into functional food and beverage products to enhance their nutritional value and health benefits. From fortified juices and dairy alternatives to nutritional bars and supplements, manufacturers are leveraging the nutritional profile of cod liver oil to create innovative products that appeal to health-conscious consumers. By fortifying these products with omega-3 fatty acids, vitamins A and D, and other nutrients found in cod liver oil, they offer convenient and palatable options for meeting daily nutritional needs.
The rich content of vitamins A and D and omega-3 fatty acids make cod liver oil a popular ingredient in skincare and cosmetic products. Its moisturizing, nourishing, and anti-inflammatory properties make it well-suited for addressing dry skin, reducing inflammation, and promoting overall health. Cod liver oil is commonly found in creams, lotions, serums, and balms, where it helps to soothe, hydrate, and rejuvenate the skin, making it a staple in many skincare regimens.
The demand from the Polish cosmetics industry may incentivize research and innovation in the extraction, purification, and formulation of cod liver oil for cosmetic applications. This could lead to developing specialized cod liver oil extracts or derivatives optimized for use in skincare, haircare, and other cosmetic products. As per the quarterly report by the Polish Investment and Trade Agency focused on the cosmetics sector, the Polish cosmetics industry achieved a significant value close to €4 billion in 2020. Positioned as the fifth-largest cosmetics industry within the European Union, the cosmetics sector’s exports contributed to approximately 1.6% of the total goods exported by Poland in 2021.
Free Valuable Insights: The Global Cod Liver Oil Market will Hit USD 182.7 Million by 2031, at a CAGR of 9.3%
Based on Source, the market is segmented into Atlantic, Arctic, and Others. Based on Application, the market is segmented into Dietary Supplements, Pharmaceuticals, Nutraceuticals, and Personal Care & Cosmetics. Based on Form, the market is segmented into Soft Gels, Capsules & Tablets, and Liquid. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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