Thailand Cod Liver Oil Market Introduction and Overview
According to SPER Market Research, the Thailand Cod Liver Oil Market is estimated to reach USD XX billion by 2033 with a CAGR of 7.53%.
The report includes an in-depth analysis of the Thailand Cod Liver Oil Market, including market size and trends, product mix, distribution channels, and supplier analysis. Cod liver oil is a form of fish oil supplement that provides a variety of health benefits. It is high in antioxidants, vitamins, and healthy fats. Cod liver oil, like conventional fish oil, is abundant in omega-3 fatty acids, which have been linked to a variety of health advantages, including reduced inflammation and lower cholesterol.
- Increasing Health Awareness: Growing awareness among Thai consumers about the health benefits of cod liver oil, such as its high content of omega-3 fatty acids, vitamins A and D, and its potential to support heart health, brain function, and immune system function.
- Aging Population: Thailand has an aging population, which is driving the demand for products that support joint health, cognitive function, and overall vitality. Cod liver oil is often perceived as beneficial for age-related health issues, leading to increased demand.
Market Opportunities and Challenges
Thailand Cod Liver Oil market is expected to grow due to factors. Thailand's rapid urbanization and changing lifestyles have led to a rise in sedentary lifestyles, unhealthy diets, and an increase in chronic diseases. This has created a demand for dietary supplements like cod liver oil to address nutritional deficiencies and promote optimal health. Furthermore, the growth of e-commerce platforms has made cod liver oil products more accessible to consumers, providing convenience and a wide range of options. Additionally, manufacturers' continuous research and development efforts, introducing innovative cod liver oil products like flavoured variants, gummy forms, and combination supplements, attract new consumers and contribute to market expansion. These factors shape the evolving landscape of the cod liver oil market in Thailand.
However, consumer perception and taste present challenges for the cod liver oil market, as the distinct taste and smell may not be appealing to all consumers. Overcoming resistance and addressing taste-related issues are hurdles in expanding the market. Sustainability is another concern, with overfishing and unsustainable practices posing risks to fish stocks and the environment. Ensuring sustainable sourcing practices and addressing these environmental concerns is a challenge for the market. Additionally, maintaining consistent product quality, proper storage, transportation conditions, and effective supply chain management are key challenges that need to be addressed in the cod liver oil market.
Market Competitive Landscape
The cod liver oil market in Thailand is characterized by high competition, with multiple players operating in the industry. The key players in the Thailand Cod Liver Oil market include Blackmores, Herbaland, NutriStart, RSP Nutrition, Seven Seas, TWINLAB and Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Application, By Distribution Channel
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| Regions covered | Central Thailand, Eastern Thailand, Northern Thailand, Southern Thailand and Western Thailand
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| Companies Covered | Blackmores, Herbaland, NutriStart, RSP Nutrition, Seven Seas, TWINLAB and Others
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COVID-19 Impact on Thailand Cod Liver Oil Market
The Thailand cod liver oil market was negatively impacted by the decline in international tourism due to travel restrictions and safety concerns. With reduced tourist activity, sales of supplements, including cod liver oil, were affected as tourists were a significant market. The pandemic also led to supply and price volatility, causing potential shortages of raw materials and fluctuations in costs, transportation, and exchange rates, impacting the pricing of cod liver oil products. Furthermore, regulatory changes and compliance requirements related to manufacturing, labelling, and distribution of health supplements posed challenges for cod liver oil manufacturers, necessitating their adaptation to new guidelines.
Key Target Audience:
- Aging Population
- Fitness Enthusiasts and Athletes
- Health and Wellness Seekers
- Health-Conscious Individuals
- Pregnant and Nursing Women
- Tourists and Travellers
- Others
Our in-depth analysis of the Thailand Cod Liver Oil Market includes the following segments:
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By Product Type
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Capsules
Liquid
Powder
Soft Gels
Tablets
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By Application:
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Food & Beverages
Nutraceutical
Pharmaceuticals
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By Distribution Channel:
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Online
Pharmacies & Drug Stores
Supermarkets & Hypermarkets
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Key Topics Covered in the Report:
- Thailand Cod Liver Oil Market Size (FY’2023-FY’2033)
- Overview of Thailand Cod Liver Oil Market
- Segmentation of Thailand Cod Liver Oil Market By Product Type (Capsules, Liquid, Powder, Soft Gels, Tablets)
- Segmentation of Thailand Cod Liver Oil Market By Application (Food & Beverages, Nutraceutical, Pharmaceuticals, Others)
- Segmentation of Thailand Cod Liver Oil Market By Distribution Channel (Online, Pharmacies & Drug Stores, Supermarkets & Hypermarkets, Others)
- Statistical Snap of Thailand Cod Liver Oil Market
- Expansion Analysis of Thailand Cod Liver Oil Market
- Problems and Obstacles in Thailand Cod Liver Oil Market
- Competitive Landscape in the Thailand Cod Liver Oil Market
- Impact of COVID-19 and Demonetization on Thailand Cod Liver Oil Market
- Details on Current Investment in Thailand Cod Liver Oil Market
- Competitive Analysis of Thailand Cod Liver Oil Market
- Prominent Players in the Thailand Cod Liver Oil Market
- SWOT Analysis of Thailand Cod Liver Oil Market
- Thailand Cod Liver Oil Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Thailand Cod Liver Oil Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Thailand Cod Liver Oil Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Thailand Cod Liver Oil Market
7. Thailand Cod Liver Oil Market, By Product Type (USD Million)
7.1. Thailand Cod Liver Oil Market Value Share and Forecast, By Product Type, 2023-2033
7.2. Capsules
7.3. Liquid
7.4. Powder
7.5. Soft Gels
7.6. Tablets
8. Thailand Cod Liver Oil Market, By Application (USD Million)
8.1. Thailand Cod Liver Oil Market Value Share and Forecast, By Application, 2023-2033
8.2. Food & Beverages
8.3. Nutraceutical
8.4. Pharmaceuticals
8.5. Others
9. Thailand Cod Liver Oil Market, By Distribution Channel (USD Million)
9.1. Thailand Cod Liver Oil Market Value Share and Forecast, By Distribution Channel, 2023-2033
9.2. Online
9.3. Pharmacies & Drug Stores
9.4. Supermarkets & Hypermarkets
9.5. Others
10. Thailand Cod Liver Oil Market Forecast, 2019-2033 (USD Million)
10.1. Thailand Cod Liver Oil Market Size and Market Share
11. Thailand Cod Liver Oil Market, By Product Type, 2019-2033 (USD Million)
11.1. Thailand Cod Liver Oil Market Size and Market Share by Product Type (2019-2026)
11.2. Thailand Cod Liver Oil Market Size and Market Share by Product Type (2027-2033)
12. Thailand Cod Liver Oil Market, By Application, 2019-2033 (USD Million)
12.1. Thailand Cod Liver Oil Market Size and Market Share by Application (2019-2026)
12.2. Thailand Cod Liver Oil Market Size and Market Share by Application (2027-2033)
13. Thailand Cod Liver Oil Market, By Distribution Channel, 2019-2033 (USD Million)
13.1. Thailand Cod Liver Oil Market Size and Market Share by Distribution Channel (2019-2026)
13.2. Thailand Cod Liver Oil Market Size and Market Share by Distribution Channel (2027-2033)
14. Thailand Cod Liver Oil Market, By Region, 2019-2033 (USD Million)
14.1. Thailand Cod Liver Oil Market Size and Market Share by Region (2019-2026)
14.2. Thailand Cod Liver Oil Market Size and Market Share by Region (2027-2033)
14.3. Central Thailand
14.4. Eastern Thailand
14.5. Northern Thailand
14.6. Southern Thailand
14.7. Western Thailand
15. Company Profile
15.1. Blackmores
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Herbaland
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. NutriStart
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. RSP Nutrition
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Seven Seas
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. TWINLAB
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
