As per the research report titled ‘Global Mussel Oil & Powder Market Size study, By Form (Oil, Powder), By Grade (Food, Cosmetic, Pharmaceutical), By Application (Processed Food, Beauty & Cosmetics, Biopharmaceuticals, Dietary Supplements, Pet Food & Veterinary), By Distribution Channel (Supermarket/Hypermarket, Pharmacy, E-commerce, Retail Stores) and Regional Forecasts 2021-2027’, available with the MarketStudyReport global mussel oil & powder market had generated revenues worth USD 159.70 billion in 2020 and is expected to register 5.3% CAGR during the study period, subsequently accounting for USD 229.2 billion in valuation by the year 2027. 
 

The rising demand for nutritious food and the growing product usage in biopharmaceutical applications is expected to drive the growth of the global mussel oil & powder market through 2027. Growing public awareness about the benefits of eating nutritious food products is also propelling the overall market expansion. 
 

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For the record, mussel oil & powder is a health-promoting food supplement that aids in improving blood flow and strengthening the interior arterial walls. The product is extensively used in pet food, beauty and cosmetics, biopharmaceuticals, processed foods, dietary supplements, and veterinary medicine among others.
 

A complex formulation process and high processing costs, however, is likely to act as a major limitation to the market growth over the projection period.
 

By form, worldwide mussel oil & powder market is classified into powder and oil segments. In terms of grade, the market is divided into pharmaceutical, cosmetics, and food sub-segment.
 

Moving on to the application landscape, the industry is split into pet food & veterinary, dietary supplements, biopharmaceuticals, beauty and cosmetics, and processed food. By distribution channel, the industry is divided into retail stores, e-commerce, pharmacy, and supermarket/ hypermarket.
 

Geographically, global mussel oil & powder industry is categorized into Europe, North America, Asia-Pacific, Latin America, and the rest of the world.
 

Among these, Asia-Pacific mussel oil & powder industry size is deemed to witness considerable growth during the study period. Factors such as the expanding aquaculture sector and growing population is expected to create lucrative growth prospects for the market contenders in Asia-Pacific.
 

Meanwhile, North America market is anticipated to record considerable growth in the ensuing years. The rising demand for nutritional food and widespread adoption of healthy lifestyle are favoring the regional market outlook.
 

Key players analyzed in global mussel oil & powder market report are Xtend-Life, Lovely Health Ltd., Moxxor LLC, Henry Blooms Health Products, Blackmores Ltd., Great Healthworks Inc., Aroma Ltd., Nature's Range, Bio-Mer Ltd., Waitaki Biosciences.