Press release
Rising Demand for Nutritional Marine Based Additives to Transform Mussel Oil Market Over 2021-2027
Growing health awareness among people and shifting inclination towards healthy food choices and premium products has increased the adoption of nutrition rich ingredients across the food industry. Besides, food sector, ingredients with high nutritional value are also gaining immense popularity in pharmaceutical, cosmetic and personal care industries. One of such additives is mussel oil, which reportedly possesses anti-inflammatory and joint strengthening properties.On account of increasing product adoption, global mussel oil market is estimated to witness a meritorious growth over the upcoming years.
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According to a recent report by Global Market Insights, Inc., mussel oil market size is expected to surpass USD 54.5 million by 2027.
The industry is recording substantial gains from cosmetics and personal care segment owing to increased demand for mussel oil in cosmetics driven by growing consumer interest in maintaining healthy and glowing skin. As it contains Omega-3 fatty acids, it helps in enhancing skin hydration, oil production and controlling skin ageing. In addition, it is highly beneficial for hair, teeth and nail health which is fostering the product adoption further. Considering these benefits, cosmetic and personal care segment is estimated to register an appreciable CAGR of 7.5% through 2027.
Speaking of another application of mussel oil, it is largely used in dietary supplements and products for improving the immune system of the body. It helps in inflammation management among athletes, elderly people and people suffering from joint pain. The elevating product demand is encouraging the manufacturers to increase their production capacity and product development.
For instance, in 2019, New Zealand based renowned sea-food company, Sanford announced its plans of building a marine extracts center in the country with an investment of USD 13 million. According to the company, this center will manufacture wide range of products such as Greenshell mussel oil and powder. Such initiatives are expected to open new growth avenues for the industry.
According to the report, dietary supplements application segment holds a sizeable share of more than 50% of the overall mussel oil market.
On account of these important applications and benefits of mussel oil, it is being extensively used in nutrition rich products that are witnessing mounting demand among customers opting for healthy skin care and dietary products, especially in North America. The region is observing a significant change in eating habits and lifestyles among residents. This has increased the consumption of marine products as traditional food in the region which is the major factor driving the growth of regional mussel oil industry. Reportedly, North America mussel oil market is anticipated to record a robust CAGR of over 10.5% through 2027.
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Major players in the industry are also focusing on strategic initiatives such as acquisitions, mergers and geographical expansion to effectively meet the rising product demand and strengthen their market presence globally. Citing an instance, in 2018, New Zealand based startup involved in the production of anti-inflammatory products for joint health using green lipped mussel oil- Korure- announced its plans of expanding the business across Asia Pacific due to increasing demand in the region. Apparently, this initiative was aimed at strengthening the company’s presence on geographical fronts.
Read Our More FOOD, NUTRITION AND ANIMAL FEED Reports at: https://www.gminsights.com/industry-reports/food-nutrition-and-animal-feed
Infant Formula Market: https://www.openpr.com/news/2279396/asia-pacific-market-to-emerge-as-a-leading-producer-of-infant
Frozen Bakery Additives Market: https://www.openpr.com/news/2279331/frozen-bakery-additives-to-record-remarkable-adoption-in-dough
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About Global Market Insights:
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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