Published Date: 31-Dec-2019
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According to a new report Global Mussel Oils Market, published by KBV Research, The Global Mussel Oils Market size is expected to reach $60.3 Million by 2025, rising at a market growth of 5.51% CAGR during the forecast period. The key factors driving the growth of the segment are the increasing popularity of e-commerce platforms and the influence of social media platforms. The segment will also be propelled by an increasing number of internet and smartphone users around the globe. Online platforms also sell branded products at discounted prices. Therefore, the easy availability and distribution and the delivery services provided by these channels would contribute to the development of this segment.
In the product segment, the dietary supplement category held a dominant market share in 2018. The product-related medicinal benefits, such as enhanced mobility and bone, lung, and cardiovascular health, fuel their demand as a dietary supplement. The oil has antioxidant properties as well. Therefore, increasing knowledge of nutrition is expected to increase the demand for dietary supplements. The Processed Food market would witness a CAGR of 6.6% during (2019 - 2025).
The Hypermarket/Supermarket market dominated the Global Mussel Oils Market by Distribution Channel in 2018. The increasing popularity of mussels in the form of dietary supplements has increased the availability of products in supermarkets and hypermarkets. On the other hand, over the forecast period, online channels are predicted to see the fastest growth.
The Asia Pacific recorded its dominance across the regional market in 2018 and is expected to maintain its dominance over the forecast years as well. As a result of the increasing target population in the region, there has been evidence of higher product demand. The Europe market is anticipated to witness a CAGR of 5.2% during (2019 - 2025). The European Commission of Common Fisheries Policy Reform and Strategic Guidelines adopted a policy in April 2014 which was intended for promoting the European aquaculture business. Additionally, The North America market is poised to witness a CAGR of 4.2% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/mussel-oils-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of PharmaZen Medicals Pte Ltd. (Waitaki Biosciences), Blackmores Group, Nature’s Range Ltd., Great HealthWorks, Inc., Aroma NZ Ltd., BioMer Limited, MOXXOR LLC, Lovely Health Ltd., Henry Blooms Health Products, and Xtend-Life.
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