Mussel Oils Market

Global Mussel Oils Market Size, Share & Trends Analysis Report By Grade, By Application, By Distribution Channel (Hypermarket/Supermarket, Pharmacy, Online, and Others), By Regional Outlook and Forecast, 2023 - 2030

Report Id: KBV-21654 Publication Date: April-2024 Number of Pages: 220
2022
USD 55.3 Million
2030
USD 82.8 Million
CAGR
5.3%
Historical Data
2019 to 2021

Market Report Description

The Global Mussel Oils Market size is expected to reach $82.8 million by 2030, rising at a market growth of 5.3% CAGR during the forecast period.

Pet owners are increasingly seeking natural and holistic approaches to pet care. Therefore, the pet food & veterinary segment acquired $3,451.9 thousand in 2022. Mussel oils, derived from marine sources, fit well within this trend. They offer a natural supplement option for pet owners looking to enhance their pets’ health without using synthetic alternatives.

Mussel Oils Market Size - Global Opportunities and Trends Analysis Report 2019-2030

Health and wellness tourism often involves visits to destination spas and wellness retreats. These establishments can incorporate mussel oils into their offerings, such as massages or wellness treatments, providing an additional avenue for using them in therapeutic applications. Therefore, the market is expanding significantly due to the increasing health and wellness tourism.

Additionally, the nutritional profile of mussel oils includes essential nutrients that play a role in supporting the health of connective tissues, such as cartilage. This makes mussel oils a comprehensive supplement for individuals concerned about the maintenance of joint structures. Thus, because of the rising interest in joint health supplements, the market is anticipated to increase significantly.

However, Mussel oil products, often positioned as premium dietary supplements due to their unique nutritional composition, may face challenges if perceived as unaffordable by price-sensitive consumers. Affordability concerns can limit market penetration, especially in regions where cost is a significant factor in purchasing decisions. Thus, high price sensitivity of mussel oils can slow down the growth of the mussel oils market.

Driving and Restraining Factors
Mussel Oils Market
  • Increasing health and wellness tourism
  • Rising interest in joint health supplements
  • Rapid shift towards e-commerce platforms
  • High price sensitivity of mussel oils
  • Sustainability and supply chain challenges
  • Innovations in formulations and delivery methods
  • Increasing sustainable sourcing practices
  • Significant regulatory compliance issues
  • Consumer perception and taste concerns

By Grade Analysis

On the basis of grade, the market is divided into food grade, pharmaceutical grade, and cosmetic grade. In 2022, the food grade segment dominated the market with maximum 52% revenue share. Food-grade mussel oils are widely used in the production of dietary supplements, including capsules, soft gels, and liquid formulations.

Mussel Oils Market Share and Industry Analysis Report 2022

By Application Analysis

By application, the market is categorized into dietary supplements, processed food, biopharmaceutical, pet food & veterinary, and beauty & cosmetics. The processed food segment covered a considerable 21% revenue share in the market in 2022. As consumers seek more transparency in food labels and favor clean-label products, the natural origin of mussel oils becomes advantageous.

By Distribution Channel Analysis

Based on distribution channel, the market is classified into hypermarket/supermarket, pharmacy, online, and others. In 2022, the hypermarket/supermarket segment witnessed 38.2% revenue share in the market. Hypermarkets/supermarkets are designed for consumer convenience, offering a one-stop shopping experience.

Free Valuable Insights: Global Mussel Oils Market size to reach USD 82.8 Million by 2030

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating 45.4% revenue share. Mussel oils and other marine-derived supplements have a history of traditional use in certain Asian cultures.

Mussel Oils Market Report Coverage
Report Attribute Details
Market size value in 2022 USD 55.3 Million
Market size forecast in 2030 USD 82.8 Million
Base Year 2022
Historical Period 2019 to 2021
Forecast Period 2023 to 2030
Revenue Growth Rate CAGR of 5.3% from 2023 to 2030
Number of Pages 220
Number of Tables 380
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Grade, Distribution Channel, Application, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included Blackmores Limited (Kirin Holdings Company, Limited.), Natures Range Ltd., Great HealthWorks, Inc., Aroma (NZ) Ltd., BioMer Limited, MOXXOR LLC, Lovely Health Ltd., Henry Blooms (Phytologic Holdings Pty Ltd), Xtendlife Natural Products (Intl) Limited, Swanson Health Products, Inc.
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List of Key Companies Profiled

  • Blackmores Limited (Kirin Holdings Company, Limited.)
  • Natures Range Ltd.
  • Great HealthWorks, Inc.
  • Aroma (NZ) Ltd.
  • BioMer Limited
  • MOXXOR LLC
  • Lovely Health Ltd.
  • Henry Blooms (Phytologic Holdings Pty Ltd)
  • Xtendlife Natural Products (Intl) Limited
  • Swanson Health Products, Inc.

Mussel Oils Market Report Segmentation

By Grade

  • Food Grade
  • Pharmaceutical Grade
  • Cosmetic Grade

By Application

  • Dietary Supplements
  • Processed Food
  • Biopharmaceutical
  • Pet Food & Veterinary
  • Others

By Distribution Channel

  • Hypermarket/Supermarket
  • Pharmacy
  • Online
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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