The Global Mussel Oil & Powder Market size accounted for USD 166 Million in 2021 and is estimated to reach USD 258 Million by 2030.
According to our global mussel oil & powder industry analysis, the growing demand for pharma and biopharma applications is propelling the market growth. Mussel oil has anti-inflammatory properties that reduce inflammation and pain, so the industry is expected to grow significantly. According to the global mussel oil & powder market forecast, the industry is expected to grow at a CAGR of 5.2% from 2022 to 2030.
Green-lipped mussel is a shellfish found on the New Zealand coast. This shellfish is popular for its rich nutrient profile and its oil and powder are extracted to produce numerous end-products. For indigenous Maori people in New Zealand, the green-lipped mussel is a reliable source of protein. According to research, mussels are high in anti-inflammatory omega-3 fatty acids such as docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). According to another study, mussels also contain chondroitin sulfate, a component of connected tissues such as joints and bones that may reduce pain and inflammation. As a result, demand for these products has increased since then, and the mussel oil and powder market is expected to generate significant revenue.
Mussel Oil & Powder Market Growth Drivers:
Mussel Oil & Powder Market Restraints:
Mussel Oil & Powder Market Opportunities:
|Mussel Oil & Powder Market
|Market Size 2021
|USD 166 Million
|Market Forecast 2030
|USD 258 Million
|CAGR During 2022 - 2030
|2018 - 2030
|2022 - 2030
|By Form, By Grade, By Distribution Channel, By Application, And By Geography
|North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Key Companies Profiled
|Aroma NA, Bio-Mer NZ, Blackmores, EFS Holland, Lintbells Inc., MacLab, Moxxor LLC, Nature’s Range, and Waitaki Bio.
|Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Mussel Oil & Powder Market Dynamics
The global mussel oil and powder market value is increasing due to the numerous healthy nutrients found in green-lipped mussels. Green-lipped mussels, for example, are high in anti-inflammatory nutrients like chondroitin sulfate and omega-3 fatty acids. They also contain a variety of vital vitamins and minerals. One of the mussel oil & powder market trends supporting the industry's growth in the coming years is growing consumer preference for healthy and nutritional food. The demand for mussel oil and powder is rapidly increasing due to its high omega-3 fatty acid content. Omega-3 fatty acids have several health benefits for humans, including the ability to fight depression, improve eye health, reduce heart disease, reduce ADHD symptoms in children, and fight autoimmune diseases. As a result, consumers are purchasing mussel-based products, resulting in a sizable mussel oil & powder market revenue.
Another factor driving up industry share is the rising prevalence of asthma and arthritis. Green-lipped mussel from New Zealand is used to treat asthma, arthritis, attention deficit-hyperactivity disorder (ADHD), exercise-induced muscle soreness, and a variety of other conditions. In addition to that, the fostering cosmetics and personal care industry is expected to play a vital role in the development of mussel oil and powder products. This could be credited to the rising demand for natural cosmetics and the increasing elderly population.
However, the high production cost of mussel oil and powder as well as strict government guidelines for the quality of the products are some of the aspects that are hindering the mussel oil & powder market growth. Furthermore, robust demand for biopharmaceutical applications and increasing demand from dietary supplements are critical aspects that are helping to market to generate significant growth opportunities during the projected years from 2022 to 2030.
Mussel Oil & Powder Market Segmentation
The global mussel oil & powder market segmentation is based on grade, form, application, distribution channel, and region.
Mussel Oil & Powder Market By Form
According to our analysis, powdered form products accumulated a significant amount of share in 2021, and this trend is likely to continue in the coming years. Powdered extracts provide several advantages, including easy consumption, quick relief, and improved circulatory, immune, reproductive, and nervous systems. Furthermore, according to one study, eicosapentaenoic acid (EPA) might well be absorbed faster from powdered forms than that from oil extracts. However, the oil extracts are expected to witness a noteworthy growth rate owing to their application in the treatment of asthma, Crohn’s disease, rheumatoid arthritis, and osteoarthritis.
Mussel Oil & Powder Market By Grade
Based on our mussel oil & powder industry analysis, pharmaceutical grade products accounted for a substantial market share in 2021 and are likely to do so during the projected timeframe. The pharmaceutical grade segment is growing as a result of factors like the expanding use of mussel oil in pharmaceutical products as consumers become more health-conscious. However, the food-grade segment is expected to observe a notable growth rate in the coming years. The high growth in the segment is witnessed to the rising population and surging investments in making quality food products from green-lipped mussels.
Mussel Oil & Powder Market By Application
By application, the dietary supplement is expected to dominate the mussel oil & powder market share. The dietary supplement's medicinal advantages, such as increased mobility and improved bone, lung, and cardiovascular health are expected to fuel the industry growth. Additionally, due to a busy and stressful lifestyle, consumers' preferences for high-quality dietary supplements are likely to increase. Furthermore, consumers' growing desire to lower their risk of getting sick and maintain their health also benefits the industry landscape.
Mussel Oil & Powder Market By Distribution Channel
Hypermarkets/supermarkets gathered a sizable share in 2021 due to rising offline purchases. Additionally, the availability of the product in super and hypermarkets has increased due to the growing popularity of mussels as dietary supplements. During the anticipated years, the e-commerce channel is expected to grow at the fastest CAGR. The growth of e-commerce platforms and the influence of social media platforms are the main factors behind this. Furthermore, an increased emphasis on online sales channels has resulted from consumers' growing adoption of digitalization.
Mussel Oil & Powder Market Regional Outlook
The Middle East & Africa (MEA)
Asia-Pacific Region Held the Leading Market Share in 2021 Due to Presence of Green-lipped Mussels in the Region
According to our mussel oil & powder market regional outlook, Asia-Pacific is currently one of the leading markets and is continuing its dominance all through the forecast timeframe. This is ascribed to the green-lipped mussel (Perna Viridis), which is to a great extent appropriated in the beachfront waters of Asia Pacific and is local to the area. Changing consumer attitude, increased spending on cosmetic and personal care product offerings, and growing preference for natural and organic products are also driving demand for the Asia-Pacific mussel oil and powder industry. Moreover, Europe also acquired a significant amount of share in 2021 due to the presence of favorable government regulations, rapidly expanding aquaculture sector, and rising geriatric population.
Mussel Oil & Powder Market Players
Some of the top mussel oil & powder companies offered in the professional report include Aroma NA, Bio-Mer NZ, Blackmores, EFS Holland, Lintbells Inc., MacLab, Moxxor LLC, Nature’s Range, and Waitaki Bio.
The global mussel oil & powder market size accounted for USD 166 Million in 2021.
The projected CAGR Mussel Oil & Powder market during the analysis period of 2022 to 2030 is 5.2%.
The prominent players of the global Mussel Oil & Powder market involve Waitaki Bio, Blackmores, Aroma NA, Nature’s Range, Bio-Mer NZ, Moxxor LLC, EFS Holland, MacLab, and Lintbells Inc. among others.
Asia-Pacific held the dominating share for Mussel Oil & Powder during the analysis period of 2022 to 2030.
Europe region exhibited fastest growing CAGR for Mussel Oil & Powder during the analysis period of 2022 to 2030.
Growing preference for healthy food and nutrition, fostering cosmetics & personal care industry, and rising prevalence of asthma and arthritis drives the growth of global Mussel Oil & Powder market.
Based on form, powder sub-segment held the maximum share for Mussel Oil & Powder market in 2021.