According to the research report titled ‘Mussel Oil Market Size By Grade (Food Grade, Pharmaceutical Grade, Cosmetics Grade) By End-Use (Processed Food, Cosmetics and Personal Care, Biopharmaceutical, Dietary supplements, Pet food & Veterinary), By Sales Channel (Hypermarket/Supermarket, Specialty Stores, Online Stores) Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market 2021- 2027’, available with Market Study Report, global mussel oil market is touted to grow momentously over 2021-2027.

Increasing demand of the product across several application avenues like dietary supplements, pet food, processed foods, and biopharmaceutical is mainly propelling the growth of worldwide mussel oil market.

 

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Notably, green-lipped mussel or bivalve mussels, found & cultivated largely in New Zealand, is a rich as well as sustainable source of oil with nutritional and cosmetic benefits.

 

In terms of grade, global mussel oil industry is bifurcated into pharmaceutical grade, cosmetic grade, and food grade.

 

Moving on, the end-User terrain of the market is categorized into cosmetics & personal care, dietary supplements, processed food, pet food & veterinary, and biopharmaceutical. Among these, processed food segment is anticipated to amass USD 1.88 million by the year 2027.

 

Meanwhile, worldwide mussel oil market size from biopharmaceutical segment is reckoned to grow at 3% CAGR to be worth USD 9.22 million by 2027, owing to product usage for curing osteoarthritis, asthma, rheumatoid arthritis, muscle soreness, and ADHD (attention deficit-hyperactivity disorder). Mussel oil supplements soothe inflammation and relieve joint pain. Effectiveness in curing various ailments is fostering the adoption of mussel oil in biopharmaceuticals.

 

Speaking of sales channel, global mussel oil industry is divided into specialty stores, hypermarket/supermarket, online stores, and others like nutrition & health food store and drugstore. As per the estimates, specialty stores segment is expected to register 4.4% CAGR through 2027. On the other hand, the other sales channel segment is estimated to accrue USD 5.72 million by the end of analysis duration.

 

According to the report, Latin America mussel oil industry is anticipated to be remunerated at USD 8.73 million by 2027, whereas Middle East & Africa market is touted to grow with a CAGR of 4% over the study period.

 

The competitive landscape of global mussel oil market is defined by companies such as Lovely Health Limited, Waitaki Biosciences, Xtend-Life Natural Products (Intl) Limited, Blackmores Limited, Great HealthWorks, Nature's Range Ltd., Bio-Mer Limited, MOXXOR LLC, Henry Blooms, and Aroma (NZ) Ltd. among others.