According to Fortune Business Insights, the global cod liver oil market size was valued at USD 101.69 million in 2025 and is projected to grow from USD 109.46 million in 2026 to USD 212.77 million by 2034, registering a CAGR of 8.66% over the forecast period. Europe dominated the cod liver oil market with a market share of 48.16% in 2025.

The cod liver oil market is gaining attention as consumers increasingly seek nutritional supplements containing naturally derived ingredients. Cod liver oil is traditionally recognized as a source of omega-3 fatty acids and other nutrients, supporting its use across dietary supplement and wellness applications. Growing consumer awareness of nutrition, preventive health practices, and functional food ingredients is supporting interest in cod liver oil products. Manufacturers are focusing on product quality, formulation, packaging, and convenient consumption formats to address changing consumer preferences. The cod liver oil market is also supported by its established presence in dietary supplement categories and the increasing availability of products through retail and online channels.

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Market Segmentation

The cod liver oil market is segmented based on type, form, application, distribution channel, and consumer category. Based on type, products include natural cod liver oil and processed or refined cod liver oil. Natural formulations appeal to consumers seeking minimally processed nutritional products, while refined products can be formulated to improve purity, taste, stability, and consumer acceptance.

Based on form, the cod liver oil market includes liquid oil, softgels, capsules, and other formats. Liquid cod liver oil has traditionally been consumed as a nutritional supplement, while capsules and softgels provide convenience and can help address concerns related to taste and ease of consumption. Manufacturers are increasingly offering different formats to accommodate consumer preferences and lifestyles.

By application, cod liver oil is used in dietary supplements, functional foods and beverages, pharmaceuticals, and other nutritional applications. Dietary supplements represent an important application because cod liver oil is commonly positioned as a source of omega-3 fatty acids and other nutrients. Functional food and beverage manufacturers can incorporate cod liver oil or its nutritional components into specialized formulations.

By distribution channel, the cod liver oil market is distributed through supermarkets and hypermarkets, pharmacies and health stores, specialty retailers, and online channels. Pharmacies and health stores provide consumers with access to nutritional supplements, while online platforms offer convenience and product variety. The expansion of e-commerce is helping manufacturers reach consumers across different geographic markets.

Key Players