A recent report published by Infinium Global Research on the mussel oil market provides an in-depth analysis of segments and sub-segments in the global as well as regional mussel oil market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mussel oil market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global mussel oil market. According to the report, the global mussel oil market is projected to grow at a CAGR of 4% over the forecast period of 2021-2027.
The mussel oil market was valued at around USD 50 million in 2021 and is expected to reach nearly 65 million in 2027, growing with a CAGR of 4% during the forecast period. Mussel oil is normally produced from the green-lipped mussel, a bivalve mollusc, from the coast of New Zealand. Green-lipped mussel oil is native to the pristine seawaters of the coastline of New Zealand and is used in various treatments such as asthma and other respiratory problems, rheumatoid arthritis, and osteoarthritis, and inflammatory bowel disease such as Crohn’s disease. Furthermore, mussel oil derived from the green-lipped mussel has been identified as a source of 25 different fatty acids, of which the omega-3 fatty acids include a significant composition. Consequently, mussel oil has numerous health benefits and is widely used in dietary supplements and the cosmetics industry.
Increasing awareness about leading a healthy lifestyle and resultant demand for supplements that are a rich source of dietary fibers is expected to boost the demand for the product. Furthermore, it is also used as pet food and supplement, which will drive the product demand further. Moreover, it helps in the treatment of asthma and other respiratory difficulties, rheumatoid arthritis osteoarthritis. It also helps cure inflammatory bowel diseases. The oil also shows anti-cancer properties, which is anticipated to increase the demand further. On the other hand, the market is said to witness slow growth in the near future on account of the growing vegan population across the globe, which will hamper the product demand. In addition, increasing instances of allergies caused by seafood consumption are projected to slow down the market growth. Stringent environmental policies regarding fish catch mainly in Peru and China, which are the largest fishing nations, should hamper the market growth.
The Asia Pacific region is expected to dominate the global mussel oil market during the forecast period. The growth of this region is attributed to high product demand as a result of the rising target population in the region. The application of this product revolves around the treatment of rheumatoid arthritis and joint associated problems. Furthermore, Europe is the second-largest market for mussel oil owing to the increasing population and rising health consciousness in this region. Moreover, the European mussel oil market is expected to grow with a significant CAGR over the forecast period owing to the strong base of major players in the region. France, in specific, is the major importer of live and frozen mussels in this region.
The report on the global mussel oil market covers segments such as grade, application, and sales channel. On the basis of grade, the sub-markets include food grade, pharmaceutical grade, and cosmetics grade. On the basis of application, the sub-markets include processed food, beauty & cosmetics, biopharmaceutical, pet food & veterinary, and dietary supplements. On the basis of sales channel, the sub-markets include hypermarket/supermarket, specialty stores, and online stores.
The report provides profiles of the companies in the market such as Waitaki Bio, Aroma NZ Ltd, Nature's Range, Great HealthWorks, Blackmores, BioMer Limited, Lovely Health Ltd., MOXXOR LLC, Henry Blooms Health Products, and Xtend-Life.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the mussel oil market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.