According to a new report, published by KBV research, 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.
The Pharmaceutical Grade segment is registering a CAGR of 5.8% during (2023 - 2030). Pharmaceutical-grade mussel oils are sought after for their potential therapeutic properties. These oils contain bioactive compounds such as omega-3 fatty acids, amino acids, and antioxidants, which have been studied for their anti-inflammatory, analgesic, and immune-modulating effects. As a result, pharmaceutical-grade mussel oils are being explored to treat various inflammatory conditions, such as arthritis, rheumatism, and other joint-related disorders.
The Dietary Supplements segment is leading the Global Mussel Oils Market by Application in 2022; thereby, achieving a market value of $25 million by 2030. Dietary supplements, including mussel oil capsules or softgels, offer a convenient and easily consumable form for individuals seeking to incorporate omega-3 fatty acids into their daily routine. Supplements’ ease of use and portability contribute to high consumer compliance, encouraging regular consumption. The growing trend of preventive healthcare has led consumers to seek nutritional supplements that contribute to overall well-being proactively. With their diverse health benefits, mussel oils are positioned within the dietary supplements segment to cater to individuals looking to maintain good health, prevent health issues, and support their immune systems.
The Online segment is experiencing a CAGR of 5.9% during (2023 - 2030). Online platforms provide round-the-clock availability, allowing consumers to browse and purchase anytime. This flexibility particularly appeals to busy individuals who cannot visit physical stores during regular business hours. Online platforms offer ample space for detailed product information, descriptions, and educational content. Online platforms enable subscription services, where consumers can subscribe to regular deliveries of mussel oil products. This model encourages customer loyalty and provides a predictable revenue stream for manufacturers. The Mexican Online Sales Association estimates that the domestic e-commerce sector was worth USD 19.7 billion in 2021, an increase of 27% over 2020. In 2021, there were 57.5 million users of Mexican eCommerce, up 11% from the previous year. In 2020, women made up 51% of Mexican eCommerce users.
Full Report: https://www.kbvresearch.com/mussel-oils-market/
The Asia Pacific region dominated the Global Mussel Oils Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $38 million by 2030. The Europe region is anticipating a CAGR of 5.1% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 4.8% during (2023 - 2030).
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