Mussel oil is derived from New Zealand's coastal green-lipped mussel, a bivalve mollusk. It is used in various treatments such as asthma and other respiratory problems, osteoarthritis, rheumatoid arthritis, and inflammatory bowel disease. Mussel oil derived from the green-lipped mussel has been identified as a source of 25 different fatty acids, of which the omega-3 fatty acids comprise a significant composition. Thus, mussel oil has many health benefits and is widely used in dietary supplements and the cosmetics industry.
MARKET DYNAMICS
The mussel oils market is primarily driven by dietary supplements applications as mussel oil is a good source of omega-3 fatty acids. Awareness about Recommended Dietary Allowance (RDA) intake and Health consciousness among the populace are also contributing to the growth in the demand for dietary supplements, thereby fueling the development of the mussel oils market. Besides, mussel oil witnesses a high demand in biopharmaceuticals due to the anti-inflammatory properties conveyed by the bioactive compounds present in the oil. However, with consumers shifting towards a vegan lifestyle, mussel oil demand is expected to witness a slowdown as mussel oil is an animal-origin oil. Global warming, ocean pollution, and the oceans' exploitation by human activities have significantly disturbed oceanic biodiversity, thus leading to a decline in the ocean's mussel count. This is a key restraint for the global mussel oil market.
MARKET SCOPE
The "Global Mussel Oils Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the mussel oils market with detailed market segmentation by application and distribution channel. The global mussel oils market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mussel oils market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mussel oils market is segmented into application and distribution channel. By application, the mussel oils market is classified into processed food, beauty and cosmetics, biopharmaceuticals, dietary supplements, and pet food and veterinary. By distribution channel, the mussel oils market is classified into hypermarkets/supermarkets, pharmacies, online, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the globalmussel oils market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. Themussel oils market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting themussel oils market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting themussel oils market in these regions.
MARKET PLAYERS
The reports cover vital developments in themussel oils market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the mussel oils market are anticipated to lucrative growth opportunities in the future with the rising demand for mussel oils in the global market. Below mentioned is the list of few companies engaged in themussel oils market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in themussel oilsmarket. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Waitaki Biosciences
- Blackmores Group
- Nature's Range Ltd
- Great HealthWorks Inc.
- Aroma NZ Ltd
- Bio-Mer Limited
- Lunskoye sea LLC
- RongchengTaixiang Food Products Co., Ltd.
- Dongguan Hengjie Can Parts Co., Ltd.
- Henry Blooms Health Products
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.