Mussel Oil Market size to exceed $50mn by 2027
Published Date: April 15, 2021 Authors: Kunal Ahuja, Kritika Mamtani
Mussel Oil Market size is set to surpass USD 50 million by 2027, according to a new research report by Global Market Insights, Inc.
Widespread mussel oil adoption in pharmaceutical products owing to growing health consciousness in consumers and high content of beneficial constituents in the product such as stimulants & anti-inflammatory agents should accelerate mussel oil industry growth. Moreover, growing cosmetic industry worldwide owing to change in lifestyle and increasing working women population support the mussel oil demand in the cosmetic industry.
High effectiveness of pharmaceutical-grade mussel oil against various health disorders such as asthma and arthritis should propel its demand
Pharmaceutical-grade mussel oil market should show significant growth in the predicted period and reach over USD 9 Million by 2027. It is owing to rising incorporation of the product in the pharmaceutical industry for treatment of arthritis, asthma, exercise-induced muscle soreness, and attention deficit-hyperactivity disorder (ADHD), led to drive the growth for pharmaceuticals grade.
“Pharmaceutical-grade mussel oil industry is poised to witness over 6% CAGR through 2027 owing to growing research & development activities.”
Growing cosmetic and personal care industry worldwide led to augment the mussel oil demand over the forecast period
Cosmetic segment of the mussel oil market exceeded USD 6.0 Million in 2020. Rising demand for natural cosmetics, beauty awareness among population and aging population should boost cosmetics demand, thus driving market trends from cosmetics application. Most of mussel oil benefits are internal, but it also benefits the health of human skin, hair, teeth, and nails. The essential nutrients and minerals found mussels oil, including omega-3 fatty acids, which aids to boost the esthetic beauty. Therefore, growing concern towards one’s appearance especially among the millennials owing to change in lifestyle and adaptation of western lifestyle led to should fuel the growth of cosmetic products by 2027.
“Mussel oil market demand from cosmetic & personal care end-use is set to register over 7.5% CAGR through 2027, pertaining to growing focus on beauty & personal grooming.”
Strategic innovation by hypermarket & supermarket stores to attract more consumers
Hypermarket/supermarket segment of mussel oil market surpassed USD 15.0 Million in 2020 with the potential for steady growth, owing to rising number of hypermarket/supermarkets worldwide compared to individual stores. In addition, hypermarket/supermarket retailers are adapting various innovative strategies such as in-store pop-ups, events and classes, analytics for personalized customer experiences, hybrid shop-and-eat concepts, aiding product discovery, sustainability and home delivery. These strategies should accelerate the global industry statistics.
“Mussel oil demand from hypermarkets/supermarkets should register over 5.5% CAGR through 2027 driven by rise in the number of stores worldwide”
Browse key industry insights spread across 185 pages 213 market data tables and 15 figures & charts from the report “Mussel Oil Market Forecasts By Grade (Food Grade, Pharmaceutical Grade, Cosmetics Grade), End-Use (Processed Food, Cosmetics and Personal Care, Biopharmaceutical, Dietary supplements, Pet food & Veterinary), Sales Channel (Hypermarket/Supermarket, Specialty Stores, Online Stores), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market” in detail along with the table of contents:
Growing pet parenting in Europe should propel the product demand
Growing demand for pet food owing to rising pet parenting in Europe is likely to drive mussel oil market outlook. Mussel oil has various benefits to pets which include reduced joint pain, protects the cartilage, boosts pet's immunity, prevents the development of arthritis, and strengthens bones. These widespread benefits of the product in pets should drive its demand in Europe. Substantially rising fast food industry and processed food, rising disposable income and change in consumer preference for ready to eat foods should propel regional product demand, thus driving mussel oil growth. Many companies are engaged in product development in compliance with regulatory norms supported by technological innovations which should drive regional industry statistics.
Players in the mussel oil market are adopting different strategies such as acquisitions & partnership and focusing on investing on product innovation and portfolio expansion to sustain their position in the market. The major players include Waitaki Biosciences, Nature’s Range, Maclab, Aroma New Zealand Limited, Blackmores Limited, Great Healthworks, Aroma NZ Ltd., Lovely Health Ltd., MOXXOR LLC, Xtend-Life, and Henry Blooms Health Products.