The global mussel extract market size is expected to reach USD 71.30 Million in 2032. The mussel extract market is growing rapidly.
As per FMI Analysts, the global Mussel extract market is estimated to be valued at USD 41.74 Million in 2022 and is projected to increase at a CAGR of 5.5% in the forecast period from 2022 to 2032.
Report Attribute | Details |
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Mussel Extract Market Estimated Base Year Value (2021) | USD 39.56 Million |
Mussel Extract Market Expected Market Value (2022) | USD 41.74 Million |
Mussel Extract Market Anticipated Forecast Value (2032) | USD 71.30 Million |
Mussel Extract Market Projected Growth Rate (2022 to 2032) | 5.5% CAGR |
Mussels are revered in different countries, due to health issues such as arthritis and osteoporosis, consumers are becoming health-conscious and moving towards health-beneficial foods like mussel extract, which enables the better function of nerve cells and tissue sensitivity. Mussel extract is used to manufacture various dietary supplements and immunity supplements as well.
There is an increasing demand for mussel extract as it is beneficial in increasing fertility and the immune system functions in consumers, which is why many manufacturers are already using mussel extract in their curtailments due to its increasing health benefits and its popularity among consumers.
Mussel extract is more in demand in the animal feed manufacturing industry in order to improve animal nutrition. There are a lot of opportunities in the mussel extract market, and manufacturers need to plan their systemic investment budget along with payment of GST before shipment to avoid huge custom duty.
To maintain in the market, new players should enter with a price rate challenge, and players should have extensive outsourcing experience so that their mussel extract can be sold at a lower rate but at a similar or better quality to other corresponding manufacturers.
Companies like these are focusing on entering new markets for their products and also expanding their product offerings and portfolios to gain more mussel extract market share.
The APAC market accounted for the lion's share of the market in 2018 and will continue to dominate in the forecast years. This is due to the high product demand for mussel extract, driven by the rising target population in the region. The product is used for the treatment of joint problems and rheumatoid arthritis. The cosmetics industry is expected to grow dramatically, especially in South Korea, due to a rapidly expanding cosmetics and personal care industry.
Nevertheless, Europe is set to experience maximum growth between 2019 and 2025 due to the increasing population and rise in health consciousness. Moreover, France, in particular, is the region's major market for live and frozen mussels.
Accordingly, in April 2014, the European Commission of the Common Fisheries Policy Reform and Strategic Guidelines passed a policy with the aim of promoting the aquaculture business in Europe. This will contribute to the rapid expansion of the aquaculture sector in Nordic and English countries and the growth of the mussel extract market regionally.
The mussel extract market has received a lot of traction in the industry.
Whether it's seafood or supplements, mussels are popular around the world. With more and more health concerns such as arthritis and bone diseases, consumers are moving towards health benefits from foods such as mussel extract, which has the ability to improve nerve cell function, increase bone and tissue sensitivity, and is included in products such as supplement immunity boosters and nutritional supplements, these factors, in turn, are boosting the mussel extract market growth.
As a result of increased pollution resulting in hazardous work environments and a hectic work-life schedule, and the consumption of tobacco and alcohol, infertility is increasing in both women and men. Mussels also contribute to boosting immunity in consumers, bringing higher demand to the mussel extract market. Due to the health benefits of mussel extract and consumers' demand, there is a growing number of manufacturers using mussel extract in their products.
Higher demand for mussel extract exists in the animal feed industry to enhance the nutritional content of the animal feed. There are a lot of opportunities in the mussel extract market, but the manufacturer should understand the systemic investment budget together with proper planning, for example, purchasing mussels from aquaculture vendors at a cheaper rate and paying GST before shipping to prevent heavy customs duty.
In order to stay relevant in the market, new players need to enter the market with a challenging price rate. Players should have the maximum outsourcing knowledge in order to generate sales of mussel extract as an ingredient to other corresponding manufacturers at a low rate while maintaining that same or better quality than other competitors.
The use of mussel extract has been shown to boost fertility and immune power in consumers, hence, triggering the demand for mussel extract among manufacturers. This has led to the mushroom extract market booming, with many manufacturers already using mussel extract for their products based on consumers' and health benefits.
In 2018, the Asia Pacific held the top market position and was expected to maintain that position throughout the forecast years, owing to the high product demand for mussel extract stemming from the increasing target population in the region. This product is primarily used in treating rheumatoid arthritis and joint-related conditions. Additionally, the global cosmetic market is predicted to benefit from the rapid expansion of the cosmetics and personal care industry, especially in South Korea.
It is expected, however, that Europe will witness the highest growth rate in the mussel extract market from 2019 to 2025 due to an increasing population and increased health consciousness. In addition, Britain is the second-largest producer of live and frozen mussels in this region, while France accounts for the largest imports.
Accordingly, in April 2014, the European Commission of the Common Fisheries Policy Reform and Strategic Guidelines passed a policy with the aim of promoting the aquaculture business in Europe. This will contribute to the rapid expansion of the aquaculture sector in Nordic and English countries and the growth of the mussel extract market regionally.
Some of the leading companies operating in the global mussel extract market include Waitaki Biosciences International Ltd., Maclab, Inc., Nature's Path Foods, Inc., Great HealthWorks Inc., and Navchetana Kendra Agra.
They are also seeking to expand their portfolios and create innovative products to increase the mussel extract market share. The companies are focusing on entering newer markets to increase product sales.
A company named Korure Ltd expanded its market in China in 2018 by providing anti-inflammatory phospholipid extract products to the country. Sanford Health launched a range of nutraceutical products in November of the same year.
Aroma New Zealand uses Flash-drying technology to dehydrate heat-sensitive products such as slurries, bioactive proteins, granules, and powders. It permits high temperatures and ensures the highest quality of the final product. This technology allows the formulation of GlycOmega mussel powder in just 5 minutes with no loss of Omega-3 lipids and bioactive proteins, propelling the growth objectives of the global mussel extract market.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 5.5% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | End User, Form, Distribution Channels |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, Australia, New Zealand, China, India, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, GCC Countries, Turkey, South Africa, North Africa |
Key Companies Profiled | Waitaki Biosciences International Ltd; Maclab, Inc.; Nature's Path Foods, Inc.; Great HealthWorks Inc.; Navchetana Kendra Agra. |
Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Analysis, by End User, 2017 to 2021
Table 2: Global Market Value (US$ Million) Analysis, by End User, 2022 to 2032
Table 3: Global Market Value (US$ Million) Opportunity Analysis, by End User, 2022 to 2032
Table 4: Global Market Value (US$ Million) Analysis, by Form, 2017 to 2021
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Table 6: Global Market Value (US$ Million) Opportunity Analysis, by Form, 2022 to 2032
Table 7: Global Market Value (US$ Million) Analysis, by Distribution Channel, 2017 to 2021
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Table 9: Global Market Value (US$ Million) Opportunity Analysis, by Distribution Channel, 2022 to 2032
Table 10: Global Market Value (US$ Million) Analysis, by Region, 2017 to 2021
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Table 12: Global Market Value (US$ Million) Opportunity Analysis, by Region, 2022 to 2032
Table 13: North America Market Value (US$ Million) Analysis, by Country, 2017 to 2021
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Table 15: North America Market Value (US$ Million) Opportunity Analysis, by Country, 2022 to 2032
Table 16: North America Market Value (US$ Million) Analysis, by End User, 2017 to 2021
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Table 19: North America Market Value (US$ Million) Analysis, by Form, 2017 to 2021
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Table 21: North America Market Value (US$ Million) Opportunity Analysis, by Form, 2022 to 2032
Table 22: North America Market Value (US$ Million) Analysis, by Distribution Channel, 2017 to 2021
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Table 25: Latin America Market Value (US$ Million) Analysis, by Country, 2017 to 2021
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Table 27: Latin America Market Value (US$ Million) Opportunity Analysis, by Country, 2022 to 2032
Table 28: Latin America Market Value (US$ Million) Analysis, by End User, 2017 to 2021
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Table 30: Latin America Market Value (US$ Million) Opportunity Analysis, by End User, 2022 to 2032
Table 31: Latin America Market Value (US$ Million) Analysis, by Form, 2017 to 2021
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Table 33: Latin America Market Value (US$ Million) Opportunity Analysis, by Form, 2022 to 2032
Table 34: Latin America Market Value (US$ Million) Analysis, by Distribution Channel, 2017 to 2021
Table 35: Latin America Market Value (US$ Million) Analysis, by Distribution Channel, 2022 to 2032
Table 36: Latin America Market Value (US$ Million) Opportunity Analysis, by Distribution Channel, 2022 to 2032
Table 37: Europe Market Value (US$ Million) Analysis, by Country, 2017 to 2021
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Table 39: Europe Market Value (US$ Million) Opportunity Analysis, by Country, 2022 to 2032
Table 40: Europe Market Value (US$ Million) Analysis, by End User, 2017 to 2021
Table 41: Europe Market Value (US$ Million) Analysis, by End User, 2022 to 2032
Table 42: Europe Market Value (US$ Million) Opportunity Analysis, by End User, 2022 to 2032
Table 43: Europe Market Value (US$ Million) Analysis, by Form, 2017 to 2021
Table 44: Europe Market Value (US$ Million) Analysis, by Form, 2022 to 2032
Table 45: Europe Market Value (US$ Million) Opportunity Analysis, by Form, 2022 to 2032
Table 46: Europe Market Value (US$ Million) Analysis, by Distribution Channel, 2017 to 2021
Table 47: Europe Market Value (US$ Million) Analysis, by Distribution Channel, 2022 to 2032
Table 48: Europe Market Value (US$ Million) Opportunity Analysis, by Distribution Channel, 2022 to 2032
Table 49: East Asia Market Value (US$ Million) Analysis, by Country, 2017 to 2021
Table 50: East Asia Market Value (US$ Million) Analysis, by Country, 2022 to 2032
Table 51: East Asia Market Value (US$ Million) Opportunity Analysis, by Country, 2022 to 2032
Table 52: East Asia Market Value (US$ Million) Analysis, by End User, 2017 to 2021
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Table 54: East Asia Market Value (US$ Million) Opportunity Analysis, by End User, 2022 to 2032
Table 55: East Asia Market Value (US$ Million) Analysis, by Form, 2017 to 2021
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Table 58: East Asia Market Value (US$ Million) Analysis, by Distribution Channel, 2017 to 2021
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Table 60: East Asia Market Value (US$ Million) Opportunity Analysis, by Distribution Channel, 2022 to 2032
Table 61: South Asia & Oceania Market Value (US$ Million) Analysis, by Country, 2017 to 2021
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Table 63: South Asia & Oceania Market Value (US$ Million) Opportunity Analysis, by Country, 2022 to 2032
Table 64: South Asia & Oceania Market Value (US$ Million) Analysis, by End User, 2017 to 2021
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Table 67: South Asia & Oceania Market Value (US$ Million) Analysis, by Form, 2017 to 2021
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Table 70: South Asia & Oceania Market Value (US$ Million) Analysis, by Distribution Channel, 2017 to 2021
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Table 73: MEA Market Value (US$ Million) Analysis, by Country, 2017 to 2021
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Table 76: MEA Market Value (US$ Million) Analysis, by End User, 2017 to 2021
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Table 79: MEA Market Value (US$ Million) Analysis, by Form, 2017 to 2021
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Table 81: MEA Market Value (US$ Million) Opportunity Analysis, by Form, 2022 to 2032
Table 82: MEA Market Value (US$ Million) Analysis, by Distribution Channel, 2017 to 2021
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Table 84: MEA Market Value (US$ Million) Opportunity Analysis, by Distribution Channel, 2022 to 2032
Figure 1: Global Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 2: Global Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 4: Global Market Incremental $ Opportunity, 2022 to 2032
Figure 5: Global Market Share and BPS Analysis by End User, 2022 & 2032
Figure 6: Global Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 7: Global Market Attractiveness Analysis by End User, 2022 to 2032
Figure 8: Global Market Share and BPS Analysis by Form, 2022 & 2032
Figure 9: Global Market Y-o-Y Growth Projections by Form, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Form, 2022 to 2032
Figure 11: Global Market Share and BPS Analysis by Distribution Channel, 2022 & 2032
Figure 12: Global Market Y-o-Y Growth Projections by Distribution Channel, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 14: Global Market Share and BPS Analysis by Region, 2022 & 2032
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 18: North America Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2032
Figure 20: North America Market Incremental $ Opportunity, 2022 to 2032
Figure 21: North America Market Share Analysis by Country, 2022 & 2032
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 24: North America Market Share and BPS Analysis by End User, 2022 & 2032
Figure 25: North America Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 26: North America Market Attractiveness Analysis by End User, 2022 to 2032
Figure 27: North America Market Share and BPS Analysis by Form, 2022 & 2032
Figure 28: North America Market Y-o-Y Growth Projections by Form, 2022 to 2032
Figure 29: North America Market Attractiveness Analysis by Form, 2022 to 2032
Figure 30: North America Market Share and BPS Analysis by Distribution Channel, 2022 & 2032
Figure 31: North America Market Y-o-Y Growth Projections by Distribution Channel, 2022 to 2032
Figure 32: North America Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 33: Latin America Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 34: Latin America Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 36: Latin America Market Incremental $ Opportunity, 2022 to 2032
Figure 37: Latin America Market Share Analysis by Country, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 39: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 40: Latin America Market Share and BPS Analysis by End User, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 42: Latin America Market Attractiveness Analysis by End User, 2022 to 2032
Figure 43: Latin America Market Share and BPS Analysis by Form, 2022 & 2032
Figure 44: Latin America Market Y-o-Y Growth Projections by Form, 2022 to 2032
Figure 45: Latin America Market Attractiveness Analysis by Form, 2022 to 2032
Figure 46: Latin America Market Share and BPS Analysis by Distribution Channel, 2022 & 2032
Figure 47: Latin America Market Y-o-Y Growth Projections by Distribution Channel, 2022 to 2032
Figure 48: Latin America Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 49: Europe Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 50: Europe Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 52: Europe Market Incremental $ Opportunity, 2022 to 2032
Figure 53: Europe Market Share Analysis by Country, 2022 & 2032
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 55: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 56: Europe Market Share and BPS Analysis by End User, 2022 & 2032
Figure 57: Europe Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 58: Europe Market Attractiveness Analysis by End User, 2022 to 2032
Figure 59: Europe Market Share and BPS Analysis by Form, 2022 & 2032
Figure 60: Europe Market Y-o-Y Growth Projections by Form, 2022 to 2032
Figure 61: Europe Market Attractiveness Analysis by Form, 2022 to 2032
Figure 62: Europe Market Share and BPS Analysis by Distribution Channel, 2022 & 2032
Figure 63: Europe Market Y-o-Y Growth Projections by Distribution Channel, 2022 to 2032
Figure 64: Europe Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 65: East Asia Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 66: East Asia Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 68: East Asia Market Incremental $ Opportunity, 2022 to 2032
Figure 69: East Asia Market Share Analysis by Country, 2022 & 2032
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 71: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 72: East Asia Market Share and BPS Analysis by End User, 2022 & 2032
Figure 73: East Asia Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 74: East Asia Market Attractiveness Analysis by End User, 2022 to 2032
Figure 75: East Asia Market Share and BPS Analysis by Form, 2022 & 2032
Figure 76: East Asia Market Y-o-Y Growth Projections by Form, 2022 to 2032
Figure 77: East Asia Market Attractiveness Analysis by Form, 2022 to 2032
Figure 78: East Asia Market Share and BPS Analysis by Distribution Channel, 2022 & 2032
Figure 79: East Asia Market Y-o-Y Growth Projections by Distribution Channel, 2022 to 2032
Figure 80: East Asia Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 81: South Asia & Oceania Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 82: South Asia & Oceania Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 84: South Asia & Oceania Mussel extract Market Incremental $ Opportunity, 2022 to 2032
Figure 85: South Asia & Oceania Mussel extract Market Share Analysis by Country, 2022 & 2032
Figure 86: South Asia & Oceania Mussel extract Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 88: South Asia & Oceania Mussel extract Market Share and BPS Analysis by End User, 2022 & 2032
Figure 89: South Asia & Oceania Mussel extract Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 90: South Asia & Oceania Market Attractiveness Analysis by End User, 2022 to 2032
Figure 91: South Asia & Oceania Mussel extract Market Share and BPS Analysis by Form, 2022 & 2032
Figure 92: South Asia & Oceania Mussel extract Market Y-o-Y Growth Projections by Form, 2022 to 2032
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Form, 2022 to 2032
Figure 94: South Asia & Oceania Mussel extract Market Share and BPS Analysis by Distribution Channel, 2022 & 2032
Figure 95: South Asia & Oceania Mussel extract Market Y-o-Y Growth Projections by Distribution Channel, 2022 to 2032
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 97: MEA Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 98: MEA Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 100: MEA Market Incremental $ Opportunity, 2022 to 2032
Figure 101: MEA Market Share Analysis by Country, 2022 & 2032
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 103: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 104: MEA Market Share and BPS Analysis by End User, 2022 & 2032
Figure 105: MEA Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 106: MEA Market Attractiveness Analysis by End User, 2022 to 2032
Figure 107: MEA Market Share and BPS Analysis by Form, 2022 & 2032
Figure 108: MEA Market Y-o-Y Growth Projections by Form, 2022 to 2032
Figure 109: MEA Market Attractiveness Analysis by Form, 2022 to 2032
Figure 110: MEA Market Share and BPS Analysis by Distribution Channel, 2022 & 2032
Figure 111: MEA Market Y-o-Y Growth Projections by Distribution Channel, 2022 to 2032
Figure 112: MEA Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
The global mussel extract market is set to exceed USD 71.30 Million in 2032.
The USA is projected to lead the mussel extract market in the forecast period.
Waitaki Biosciences International Ltd., Maclab, Inc., Nature's Path Foods, Inc., Great HealthWorks Inc., and others are some of the renowned companies in the mussel extract market.
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