Global Mussel Oil Market By Distribution Channel (Hypermarket/Supermarket, Pharmacy, Online, Others), Product (Food Grade, Pharmaceutical Grade), Application (Processed Food, Beauty & Cosmetics, Biopharmaceutical, Dietary Supplements, Pet Food & Veterinary), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Global mussel oil market is expected to register a steady CAGR of 4.97% in the forecast period of 2019-2026. This report includes the data of base year 2018 and historic year 2017. Growing demand for supplements which have rich source of dietary fibers and increasing awareness about healthy lifestyle are the factor for the market growth.
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Market Definition: Global Mussel Oil Market
Mussel oil is a supplement that is extracted from the green-lipped mussel. They are also rich in proteins, omega 3 fatty acid, vitamin B12, iodine, and magnesium which are helpful in curing the bone deficiencies and also enhance the bone health. They are also widely used for the treatment of respiratory problems such as asthma. These products are widely used in application such as processed food, beauty & cosmetics, pet food & veterinary and dietary supplements.
- Increased usage of mussel oil for treatment of asthma, cancer, and ADHD disorder will uplift the growth of the market
- Rising aquaculture activities will also enhance the market growth
- It has the ability to provide pain relief and also soothes muscular tissues which will also accelerate their demand in the market
- Rising social media platform and e-commerce websites will drives the growth of the market
- Increasing vegan population around the globe will hamper the market growth
- Rising incidence of skin allergy form the consumption of sea food will obstructs the growth of the market
- Easy availability of product substitutes will restrict the market growth
Key Developments in the Market:
- In August 2018, Kiwi, Inc announced that they are going to expand their reach in China with their anti –inflammatory phospholipid oil. This new product is extracted from the green lipped mussel oil by using supercritical co2 method. It has the ability cures many joint problems and arthritis. They combine green lipped mussel oil with extra virgin oil that are rich in vitamin, C and E and omega 3 & omega 6 fatty acid. They maintain the level of normal heart rate by restricting the leukotriene and cyclooxygenase activity
- In May 2017, Waitaki Bio announced that they are going to expand their production of Prena TEC green lipped mussel oil. The expansion developed ActiPhen freeze-dried kiwifruit powder for digestive health and CassiPure anthocyanin-rich blackcurrant extract for eye health, memory, and immune aid. Prena TEC green lipped mussel oil is the highly rich in omega 3 fatty acid and phospholipid. It results in the rising processing capacity and the development of new extraction technology which caters health concern as the prime responsibility
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Few of the major competitors currently working in the global mussel oil market are Waitaki Bio, Aroma (NZ) Ltd, Nature’s Range, Lovely Health Ltd., Henry Blooms Health Products, ECI Natural Health Ltd, Bio-Mer Ltd, among others.
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios.
The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. The growth in several industries will be impacted significantly while numerous other markets may remain unscathed and show promising growth opportunities. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
Key Considerations for Market Forecast
Pre as well as post COVID 19 market estimates
- Quarterly impact analysis as the spread reaches global level and updates on market estimates
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behaviour
- Products and services used to manage or contain the spread of COVID-19 virus
- Products and services used for the treatment of COVID-19 virus
- Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds
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