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 MarketStudyReport, global mussel oil market is expected to register substantial growth during the period of 2021-2027.
 

Growing popularity of the product in applications such as dietary supplements, processed foods, biopharmaceutical, and pet food is one of the major factors contributing towards global mussel oil market growth.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/3793237/

It is worth noting that mussel oil is largely produced in New Zealand and is widely known as bivalve mussel. Rising health cognizance and various health benefits offered by the product are also stimulating the overall industry outlook.

Citing the end-user landscape, global mussel oil market share from the processed food segment is calculated to reach USD 1.88 million by the year 2027.

Meanwhile, the biopharmaceutical segment is expected register 3.0% CAGR to account for USD 9.22 million by the end of the study period. Green-lipped mussel oil is claimed to be quite beneficial for treating osteoarthritis and rheumatoid arthritis, and hence is gaining significant popularity in the biopharmaceutical sector.

Moving on to the sales channel, the report cites that the specialty stores segment is predicted to expand at 4.4% CAGR through 2027. On the other hand, the others segment, which involves nutrition & health food store as well as drug stores, is expected to account for USD 5.72 million by the year 2027.

Considering the geographical landscape, Latin America mussel oil industry is reckoned to generate USD 8.73 million by the end of the study period. Meanwhile, Middle East & Africa market is anticipated to record 4% CAGR through 2027.

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