The Europe Mussel Oils Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe Mussel Oils Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,137.7 Thousands by 2030. The UK market is experiencing a CAGR of 4.1% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 5.9% during (2023 - 2030).
One of the primary drivers behind the adoption of mussel oils is the growing awareness of health and wellness among consumers. With an increasing focus on preventive healthcare and a desire for natural solutions, individuals are turning to dietary supplements that offer a holistic approach to well-being. It is rich in omega-3 fatty acids, have gained popularity for their potential benefits in supporting joint health, reducing inflammation, and contributing to cardiovascular health. Consumers are becoming more educated about the importance of incorporating essential nutrients into their diets, and the unique composition of mussel oils positions them as a valuable source of these nutrients. This heightened awareness has led to a surge in the adoption of mussel oil supplements as part of a proactive health and wellness regimen.
The eco-friendly and sustainable harvesting practices associated with mussel farming contribute to the appeal of these oils. It has found their way into the functional food and beverage sector, further fueling their adoption. As consumers look for convenient and enjoyable ways to incorporate health-promoting ingredients into their diets, food and beverage manufacturers are incorporating mussel oils into various products. This includes healthy drinks, snacks, and other functional foods that offer nutritional benefits and a flavorful and enjoyable consumer experience.
E-commerce offers consumers in Spain the convenience of shopping for dietary supplements, including mussel oils, from the comfort of their homes. E-commerce platforms provide a broader array of dietary supplements, enabling consumers in Spain to explore and choose from a diverse range of mussel oil products. The rise of direct-to-consumer brands and suppliers on e-commerce platforms allows consumers in Spain to access mussel oil products directly from manufacturers. According to the International Trade Administration, the number of e-commerce consumers in Spain reached 30 million in 2021. eCommerce penetration was estimated at 63%, and internet penetration at 83% in 2021. By 2025, there will be 37 million eCommerce users, a 25% increase. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Free Valuable Insights: The Global Mussel Oils Market will Hit USD 82.8 Million by 2030, at a CAGR of 5.3%
Based on Grade, the market is segmented into Food Grade, Pharmaceutical Grade, and Cosmetic Grade. Based on Application, the market is segmented into Dietary Supplements, Processed Food, Biopharmaceutical, Pet Food & Veterinary, and Others. Based on Distribution Channel, the market is segmented into Hypermarket/Supermarket, Pharmacy, Online, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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