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.
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.
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.
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.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.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.
Market Report Segmentation
By Grade- Food Grade
- Pharmaceutical Grade
- Cosmetic Grade
- Dietary Supplements
- Processed Food
- Biopharmaceutical
- Pet Food & Veterinary
- Others
- Hypermarket/Supermarket
- Pharmacy
- Online
- Others
- 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
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Global Mussel Oils Market by Grade
Chapter 5. Global Mussel Oils Market by Application
Chapter 6. Global Mussel Oils Market by Distribution Channel
Chapter 7. Global Mussel Oils Market by Region
Chapter 8. Company Profiles
Companies Mentioned
- 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.
Methodology
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