Mussel Oil Market to Surpass USD 63.03 Billion by 2030 Owing to Remarkable Health Benefits

"The increasing adoption of mussel oil to treat various diseases like cancer, asthma, and ADHD, along with its benefits in providing pain relief and soothing muscular tissues, drives the growth of the mussel oil market."

The escalating demand for natural and organic products and the rising adoption of e-commerce platforms enhance the development of the mussel oil market. Furthermore, increasing aquaculture activities are contributing to this growth.

According to the SNS Insider report, the Mussel Oil Market Size was valued at USD 41.69 billion in 2022 and is expected to reach USD 63.03 billion by 2030, growing at a CAGR of 5.3% over the forecast period 2023-2030. The mussel oil market is experiencing a surge in interest and demand, driven by the growing recognition of its potent health benefits and versatile applications. Mussel oil, derived from New Zealand green-lipped mussels (Perna canaliculus), is rich in omega-3 fatty acids, antioxidants, and other bioactive compounds known for their anti-inflammatory properties. These nutrients have been linked to various health benefits, including joint health, cardiovascular support, and skin nourishment. As a result, mussel oil is gaining popularity as a natural supplement for managing arthritis and other inflammatory conditions, as well as a functional ingredient in supplements, sports nutrition products, and skincare formulations.

Technological advancements in mussel oil extraction and processing methods are driving innovation in the market, enabling manufacturers to produce high-quality, potent oils with enhanced bioavailability and stability. Advanced extraction techniques, such as supercritical fluid extraction and cold pressing, preserve the integrity of the oil and retain its bioactive compounds, ensuring maximum efficacy and nutritional value. Furthermore, innovations in encapsulation and formulation technologies allow for the development of novel delivery systems that improve the absorption and bioavailability of mussel oil, enhancing its effectiveness and functional ingredient.

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KEY PLAYERS
Nature's Range Ltd
Waitaki Biosciences
Dongguan Hengjie Can Parts Co. Ltd.
Blackmores Group
Rongcheng Taixiang Food Products Co.
Henry Blooms Health Products
Great HealthWorks Inc.
Aroma NZ Ltd.
Market Scope:

Mussel oil, a novel and specialized product gains traction due to rising consumer awareness about the potential health benefits of omega-3 fatty acids. With its rich concentration of omega-3s, Mussel oil is associated with better cardiovascular health and cognitive function. The industry's growth is driven by the rise in chronic illnesses, increased use of nutritional supplements, emerging applications in the cosmetic industry, and pet food. Mussel oil, renowned for its high levels of omega-3 fatty acids, offers various health benefits. Its applications in the cosmetic industry and as pet food further contribute to market growth.

Market Analysis: 

The global market's growth is fueled by increasing demand for nutritional food supplements, prolonged diseases such as CVD, respiratory diseases, autoimmune disorders, diabetes, and cancer. The product's use in pet food and cosmetics, coupled with its health benefits, contributes to market expansion. Mussel oil's impact on various disorders like arthritis, asthma, and cognitive disorders positions it as a valuable supplement in healthcare.

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Segment Analysis:
By Grade
Food Grade
Pharmaceutical Grade
Cosmetics Grade

By End Use
Processed Food
Cosmetics and Personal Care
Biopharmaceutical
Pet food & Veterinary

By Sales Channel
Hypermarket/Supermarket
Specialty stores
Online Stores
Others (Drugstore, Nutrition & Health Food Store)
 

By End-use, the segment dominated the mussel oil market in 2022. It is commonly used in to boost the immune system and provide therapeutic benefits, driving market growth. In terms of sales channels, hypermarkets/supermarkets led the mussel oil market in 2022 by offering a wide availability of mussel oil products due to its popularity as a nutritional supplement.

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Key Regional Development:

Asia Pacific dominated the mussel oil market, generating the highest revenue, owing to the extensive use of mussel oil in treating rheumatoid arthritis and joint-related problems. The cosmetics industry's growth, particularly in South Korea, further propels mussel oil demand. Europe is anticipated to be the fastest-growing region, driven by increasing awareness and mussel cultivation. In North America, rising demand for natural skincare products propels market growth.

Key Takeaways for Mussel Oil Market Study

The mussel oil market is poised to surpass USD 63.03 billion by 2030, driven by its diverse applications and health benefits.
and hypermarkets/supermarkets dominate the market, reflecting consumer preferences.
Asia Pacific leads in revenue generation, fueled by healthcare applications and the cosmetics industry.
Europe is expected to witness rapid growth, driven by increasing awareness and mussel cultivation.

Recent Developments:

In 2023, a Christchurch-based company in New Zealand launched a 2023 campaign promoting green-lipped mussel cultivation to address toxic algae blooms in Canterbury's waterways, leveraging their expertise in developing mussel oil products.

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This release was published on openPR.