Global mussel oils demand is anticipated to be valued at USD 36 Million in 2022, forecast to grow at a CAGR of 3% to be valued at USD 47.5 Million from 2022 to 2032. Growth is attributed to increased demand for mussel oils in a dietary supplement.
Report Attribute | Details |
---|---|
Estimated Base Year Value (2021) | USD 33 Million |
Expected Market Value (2022) | USD 36 Million |
Anticipated Forecast Value (2032) | USD 47.5 Million |
Projected Growth Rate (2022 to 2032) | 3% CAGR |
Mussel oil is derived from the green-lipped mussel, a bivalve mollusk, 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, osteoarthritis, and inflammatory bowel disease such as Crohn’s disease.
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 comprise a significant composition. Thus, mussel oil has many health benefits and is widely used in dietary supplements and the cosmetics industry.
The USA is considered to be a highly lucrative market for mussel oils and its different products, driven primarily by its utilization across the cosmetics industries. Mussel oil is a rich source of omega-3 fatty acids which makes them suitable for application in dietary supplements.
The anti-inflammatory properties conveyed by the bioactive compounds present in the mussel oils have high demand in biopharmaceuticals. Mussel oil derived from green-lipped mussels contains a high amount of eicosatetraenoic acid since green-lipped mussel is the only known source of ETAs, which help prevent inflammation at a cellular level.
Increasing awareness about a healthy lifestyle and increased demand for dietary supplements drive the growth of the market. Oil extracted from green-lipped mussels found in the coastal line of New Zealand stimulates bone health and eliminates deficiencies as it is a rich source of protein, omega-3 fatty acids, selenium, iron, vitamin B12, iodine, magnesium, and calcium. Also, mussel oil helps in the treatment of asthma and other respiratory problems, rheumatoid arthritis osteoarthritis, and other inflammatory bowel diseases.
The Biopharmaceutical industry is expected to accrue significant benefits to the global mussel oils market as technological developments, cost-effective techniques are being developed to produce a supreme quality product with an improved long shelf-life of the mussel oil. Mussel oil can reduce the risk of heart disease thus used on large scale in pharmaceutics.
Although the mussel oils market has numerous end-user, there are numerous obstacles likely to pose a challenge to market growth. With increasing health awareness among the population consumers shifting toward a vegan lifestyle acts as a driver for the mussel oils market growth as it is animal-origin oil.
Lack of consumer awareness and lack of improved distribution channels may hinder the growth of the mussel oils market in forecasting years. The mussels count in oceans is affected by global warming, pollution, and exploitation by human activity this also hampers the growth of the market in forecasting years. Growing instances of allergies caused by seafood consumption are expected to slow down the mussel oils market growth.
The Asia Pacific was the largest market for mussel oils and the trend is expected to continue into the forecast period owing to high product demand in this region. The region is forecast to surge at a 3.3% CAGR from 2022 to 2032. China holds the largest share of mussel oil in the Asia Pacific region.
Increasing pet population and increasing mussel oils demand in pet food. Also, the rapidly increasing cosmetics industry provides a lucrative opportunity for the mussel oils market in the region.
According to Future Market Insights, Europe is expected to provide immense growth opportunities for mussel oils, with France expected to steer the bulk of all regional growth.
Extensive applications in dietary supplements are keeping sales of mussel oils afloat across France. Moreover, the pet food industry in these countries is also experiencing a major upsurge, which will generate favorable conditions for market growth.
Some of the key participants present in the global mussel oils market include Waitaki Biosciences, Maclab, Aroma New Zealand Limited, Nature’s Range, Great Healthworks, and Blackmores Limited among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Waitaki Biosciences, Maclab, and Aroma New Zealand Limited account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 3% from 2022 to 2032 |
Market Value in 2022 | USD 36 Million |
Market Value in 2032 | USD 47.5 Million |
Base Year for Estimation | 2021 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million, 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 Use, Distribution Channel, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled | Waitaki Biosciences; Maclab; Aroma New Zealand Limited; Nature’s Range; Great Healthworks; Blackmores Limited; Bio-Mer Limited; ByLovely Health Ltd.; Henry Blooms Health Products; Nature’s Range |
Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Liters) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 4: Global Market Volume (Liters) Forecast by End Use, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Distribution Channel, 2017 to 2032
Table 6: Global Market Volume (Liters) Forecast by Distribution Channel, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 8: North America Market Volume (Liters) Forecast by Country, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 10: North America Market Volume (Liters) Forecast by End Use, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by Distribution Channel, 2017 to 2032
Table 12: North America Market Volume (Liters) Forecast by Distribution Channel, 2017 to 2032
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Latin America Market Volume (Liters) Forecast by Country, 2017 to 2032
Table 15: Latin America Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 16: Latin America Market Volume (Liters) Forecast by End Use, 2017 to 2032
Table 17: Latin America Market Value (US$ Million) Forecast by Distribution Channel, 2017 to 2032
Table 18: Latin America Market Volume (Liters) Forecast by Distribution Channel, 2017 to 2032
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 20: Europe Market Volume (Liters) Forecast by Country, 2017 to 2032
Table 21: Europe Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 22: Europe Market Volume (Liters) Forecast by End Use, 2017 to 2032
Table 23: Europe Market Value (US$ Million) Forecast by Distribution Channel, 2017 to 2032
Table 24: Europe Market Volume (Liters) Forecast by Distribution Channel, 2017 to 2032
Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: Asia Pacific Market Volume (Liters) Forecast by Country, 2017 to 2032
Table 27: Asia Pacific Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 28: Asia Pacific Market Volume (Liters) Forecast by End Use, 2017 to 2032
Table 29: Asia Pacific Market Value (US$ Million) Forecast by Distribution Channel, 2017 to 2032
Table 30: Asia Pacific Market Volume (Liters) Forecast by Distribution Channel, 2017 to 2032
Table 31: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 32: MEA Market Volume (Liters) Forecast by Country, 2017 to 2032
Table 33: MEA Market Value (US$ Million) Forecast by End Use, 2017 to 2032
Table 34: MEA Market Volume (Liters) Forecast by End Use, 2017 to 2032
Table 35: MEA Market Value (US$ Million) Forecast by Distribution Channel, 2017 to 2032
Table 36: MEA Market Volume (Liters) Forecast by Distribution Channel, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by End Use, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Distribution Channel, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 5: Global Market Volume (Liters) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 9: Global Market Volume (Liters) Analysis by End Use, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 12: Global Market Value (US$ Million) Analysis by Distribution Channel, 2017 to 2032
Figure 13: Global Market Volume (Liters) Analysis by Distribution Channel, 2017 to 2032
Figure 14: Global Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032
Figure 15: Global Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032
Figure 16: Global Market Attractiveness by End Use, 2022 to 2032
Figure 17: Global Market Attractiveness by Distribution Channel, 2022 to 2032
Figure 18: Global Market Attractiveness by Region, 2022 to 2032
Figure 19: North America Market Value (US$ Million) by End Use, 2022 to 2032
Figure 20: North America Market Value (US$ Million) by Distribution Channel, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 23: North America Market Volume (Liters) Analysis by Country, 2017 to 2032
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 26: North America Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 27: North America Market Volume (Liters) Analysis by End Use, 2017 to 2032
Figure 28: North America Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 29: North America Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 30: North America Market Value (US$ Million) Analysis by Distribution Channel, 2017 to 2032
Figure 31: North America Market Volume (Liters) Analysis by Distribution Channel, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032
Figure 34: North America Market Attractiveness by End Use, 2022 to 2032
Figure 35: North America Market Attractiveness by Distribution Channel, 2022 to 2032
Figure 36: North America Market Attractiveness by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ Million) by End Use, 2022 to 2032
Figure 38: Latin America Market Value (US$ Million) by Distribution Channel, 2022 to 2032
Figure 39: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 41: Latin America Market Volume (Liters) Analysis by Country, 2017 to 2032
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 45: Latin America Market Volume (Liters) Analysis by End Use, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by Distribution Channel, 2017 to 2032
Figure 49: Latin America Market Volume (Liters) Analysis by Distribution Channel, 2017 to 2032
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032
Figure 52: Latin America Market Attractiveness by End Use, 2022 to 2032
Figure 53: Latin America Market Attractiveness by Distribution Channel, 2022 to 2032
Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 55: Europe Market Value (US$ Million) by End Use, 2022 to 2032
Figure 56: Europe Market Value (US$ Million) by Distribution Channel, 2022 to 2032
Figure 57: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 59: Europe Market Volume (Liters) Analysis by Country, 2017 to 2032
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 62: Europe Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 63: Europe Market Volume (Liters) Analysis by End Use, 2017 to 2032
Figure 64: Europe Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 65: Europe Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 66: Europe Market Value (US$ Million) Analysis by Distribution Channel, 2017 to 2032
Figure 67: Europe Market Volume (Liters) Analysis by Distribution Channel, 2017 to 2032
Figure 68: Europe Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032
Figure 69: Europe Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032
Figure 70: Europe Market Attractiveness by End Use, 2022 to 2032
Figure 71: Europe Market Attractiveness by Distribution Channel, 2022 to 2032
Figure 72: Europe Market Attractiveness by Country, 2022 to 2032
Figure 73: Asia Pacific Market Value (US$ Million) by End Use, 2022 to 2032
Figure 74: Asia Pacific Market Value (US$ Million) by Distribution Channel, 2022 to 2032
Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 77: Asia Pacific Market Volume (Liters) Analysis by Country, 2017 to 2032
Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 80: Asia Pacific Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 81: Asia Pacific Market Volume (Liters) Analysis by End Use, 2017 to 2032
Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Distribution Channel, 2017 to 2032
Figure 85: Asia Pacific Market Volume (Liters) Analysis by Distribution Channel, 2017 to 2032
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032
Figure 88: Asia Pacific Market Attractiveness by End Use, 2022 to 2032
Figure 89: Asia Pacific Market Attractiveness by Distribution Channel, 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 91: MEA Market Value (US$ Million) by End Use, 2022 to 2032
Figure 92: MEA Market Value (US$ Million) by Distribution Channel, 2022 to 2032
Figure 93: MEA Market Value (US$ Million) by Country, 2022 to 2032
Figure 94: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 95: MEA Market Volume (Liters) Analysis by Country, 2017 to 2032
Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 98: MEA Market Value (US$ Million) Analysis by End Use, 2017 to 2032
Figure 99: MEA Market Volume (Liters) Analysis by End Use, 2017 to 2032
Figure 100: MEA Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032
Figure 101: MEA Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032
Figure 102: MEA Market Value (US$ Million) Analysis by Distribution Channel, 2017 to 2032
Figure 103: MEA Market Volume (Liters) Analysis by Distribution Channel, 2017 to 2032
Figure 104: MEA Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032
Figure 105: MEA Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032
Figure 106: MEA Market Attractiveness by End Use, 2022 to 2032
Figure 107: MEA Market Attractiveness by Distribution Channel, 2022 to 2032
Figure 108: MEA Market Attractiveness by Country, 2022 to 2032
FMI projects the global mussel oils market to expand at a 3% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic mussel oils market, expanding at a 3.3% CAGR
Waitaki Biosciences, Maclab, Aroma New Zealand Limited, Nature’s Range, Great Healthworks, and Blackmores Limited are some prominent mussel oil manufacturers
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