“Global Mussel Oils Market to reach a market value of USD 82.8 Million by 2030 growing at a CAGR of 5.3%”
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.
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.
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.
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.
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
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.
| 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 |
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| 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. |
By Grade
By Application
By Distribution Channel
By Geography
This Market size is expected to reach $82.8 million by 2030.
Increasing health and wellness tourism are driving the Market in coming years, however, High price sensitivity of mussel oils restraints the growth of the Market.
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.
The expected CAGR of this Market is 5.3% from 2023 to 2030.
The Dietary Supplements segment is leading the Market by Application in 2022; there by, achieving a market value of $25 million by 2030.
The Asia Pacific region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $38 million by 2030.
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