The escalating demand for natural and organic products and the rising adoption of e-commerce platforms enhance the development of the mussel oil market. Furthermore, increasing aquaculture activities are contributing to this growth.
According to the SNS Insider report, the Mussel Oil Market Size was valued at USD 41.69 billion in 2022 and is expected to reach USD 63.03 billion by 2030, growing at a CAGR of 5.3% over the forecast period 2023-2030. The mussel oil market is experiencing notable growth due to the increasing awareness of the health benefits associated with mussel-derived products and the growing demand for natural supplements and functional foods. Mussel oil, extracted from green-lipped mussels found primarily in New Zealand's coastal waters, is renowned for its rich content of omega-3 fatty acids, particularly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), along with unique bioactive compounds such as ETA (eicosatetraenoic acid) and furan fatty acids. These bioactive components exhibit anti-inflammatory, antioxidant, and joint health-promoting properties, making mussel oil a popular ingredient in dietary supplements, nutraceuticals, and pharmaceutical formulations targeting joint health, cardiovascular health, and overall well-being.
Market Scope:
Mussel oil, a novel and specialized product gains traction due to rising consumer awareness about the potential health benefits of omega-3 fatty acids. With its rich concentration of omega-3s, Mussel oil is associated with better cardiovascular health and cognitive function. The industry's growth is driven by the rise in chronic illnesses, increased use of nutritional supplements, emerging applications in the cosmetic industry, and pet food. Mussel oil, renowned for its high levels of omega-3 fatty acids, offers various health benefits. Its applications in the cosmetic industry and as pet food further contribute to market growth.
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Some of the Key Players Included are:
Nature's Range Ltd, Waitaki Biosciences, Dongguan Hengjie Can Parts Co. Ltd., Blackmores Group, Rongcheng Taixiang Food Products Co., Henry Blooms Health Products, Great HealthWorks Inc., Aroma NZ Ltd.
Market Analysis:
The global market's growth is fueled by increasing demand for nutritional food supplements, prolonged diseases such as CVD, respiratory diseases, autoimmune disorders, diabetes, and cancer. The product's use in pet food and cosmetics, coupled with its health benefits, contributes to market expansion. Mussel oil's impact on various disorders like arthritis, asthma, and cognitive disorders positions it as a valuable supplement in healthcare.
Segment Analysis:
By End-use, the dietary supplement segment dominated the mussel oil market in 2022. It is commonly used in dietary supplements to boost the immune system and provide therapeutic benefits, driving market growth. In terms of sales channels, hypermarkets/supermarkets led the mussel oil market in 2022 by offering a wide availability of mussel oil products due to its popularity as a nutritional supplement.
By Grade
l Food Grade
l Pharmaceutical Grade
l Cosmetics Grade
By End Use
l Processed Food
l Cosmetics and Personal Care
l Biopharmaceutical
l Dietary supplements
l Pet food & Veterinary
By Sales Channel
l Hypermarket/Supermarket
l Specialty stores
l Online Stores
l Others (Drugstore, Nutrition & Health Food Store)
Key Regional Development:
Asia Pacific dominated the mussel oil market, generating the highest revenue, owing to the extensive use of mussel oil in treating rheumatoid arthritis and joint-related problems. The cosmetics industry's growth, particularly in South Korea, further propels mussel oil demand. Europe is anticipated to be the fastest-growing region, driven by increasing awareness and mussel cultivation. In North America, rising demand for natural skincare products propels market growth.
Key Takeaways for Mussel Oil Market Study
· The mussel oil market is poised to surpass USD 63.03 billion by 2030, driven by its diverse applications and health benefits.
· Dietary supplements and hypermarkets/supermarkets dominate the market, reflecting consumer preferences.
· Asia Pacific leads in revenue generation, fueled by healthcare applications and the cosmetics industry.
· Europe is expected to witness rapid growth, driven by increasing awareness and mussel cultivation.
Recent Developments:
· In 2023, a Christchurch-based company in New Zealand launched a 2023 campaign promoting green-lipped mussel cultivation to address toxic algae blooms in Canterbury's waterways, leveraging their expertise in developing mussel oil products.
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