The global Mussel Oil & Powder market size is expected to be worth around US$ 341.15 million by 2030, according to a new report by Vision Research Reports.
The global Mussel Oil & Powder market size was valued at US$ 170.70 million in 2020 and is anticipated to grow at a CAGR of 6.3% during forecast period 2021 to 2030.
|Form, Grade, Application, Distribution Channel|
|Waitaki Bio; Blackmores; Aroma NA; Nature’s Range; Bio-Mer NZ; Moxxor LLC; EFS Holland; MacLab; Lintbells Inc.|
Increasing demand for mussel oil and powder in biopharmaceuticals is one of the key factors driving the industry. The product helps cure several health issues such as rheumatoid arthritis, osteoarthritis, asthma, inflammatory problems in the stomach, and attention deficit hyperactivity disorder (ADHD) disorder in minors.
Health benefits associated with mussel oil and powder such as improved cardiovascular health, lung potency, and bone strength foster the product demand in the dietary supplements. They also possess antioxidant properties. The rising dependence on social media platforms as a concrete stage to analyze a product’s benefits is projected to further boost industry growth.
By Form Analysis
Powder held the largest revenue share of over 30.0% in 2020. This is attributed to its ability to prevent cartilage degradation and improvement in the quality of connective tissues in the body such as mucous membranes, skin, and blood vessels.
Mussel powder is derived from either green-lipped or blue mussel. It is known for assisting with inflammation management in older people, athletes, and people suffering from joint pains and aches.
The oil is generally derived from coastal green-lipped found in New Zealand. It is used in the treatment of various health issues such as asthma and related breathing problems, inflammatory bowel diseases like Crohn's disease,
By Grade Analysis
The pharmaceutical grade segment accounted for the largest revenue share of over 55.0% in 2020. Factors such as the growing adoption of mussel oil in pharmaceutical products due to increasing health consciousness in consumers and high content of beneficial constituents in the products including anti-inflammatory agents and stimulants are likely to accelerate the market growth over the forecast period.
Food-grade mussels are considered one of the most nutritive foods. Mediterranean mussels from the black sea are used as a regenerative skincare ingredient while pharmaceutical-grade variants are used to treat various diseases like arthritis and asthma.
Factors such as increasing demand for natural cosmetics, the growing aging population, and rising beauty awareness among the population are likely to fuel the market growth in the coming years.
By Application Analysis
The dietary supplements segment accounted for the largest revenue share of over 35.0% in 2020. This is attributed to factors such as the rising cases of malnutrition across the globe, a shift of consumers toward personal health and well-being.
Pharmaceutical-grade oil is added to pharmaceutical products for treating arthritis, asthma, attention deficit-hyperactivity disorder (ADHD), and exercise-induced muscle soreness.
Mussel oil and powder are gaining traction in the beauty and cosmetics industry due to their benefits in promoting hair, teeth, and nail health. They enhance skin hydration and minimize aging.
By Distribution Channel Analysis
The supermarket/hypermarket segment accounted for the largest revenue share of over 30.0% in 2020. This is attributed to factors such as the increasing adoption of several innovative strategies by hypermarkets such as in-store events and pop-ups.
E-commerce is expected to witness the fastest growth over the forecast period. Factors such as the growing penetration of the internet, technological awareness among customers, adoption of smartphones at a significant rate, rising exposure of online shopping.
Specialty stores carry limited product lines with a deep assortment while convenience stores sell everyday items such as confectionery, groceries, snacks, and soft drinks. Catalogue showroom is a retail outlet where the customer places an order for the goods using a number of display items.
By Regional Analysis
Asia Pacific held the largest revenue share of over 25.0% in 2020 and is predicted to register the highest CAGR over the forecast period. This is attributed to green-lipped mussel (Perna Viridis), which is largely distributed in the coastal waters of Asia Pacific and is native to the region.
North America is home to the around 300 species of freshwater mussels found on earth. Blue variant is a dominant species in the region. Freshwater mussels are found across 49 states of the U.S. The region is however a comparatively smaller player in global production.
The Mussel Oil & Powder market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Mussel Oil & Powder market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Mussel Oil & Powder market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mussel Oil & Powder market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Mussel Oil & Powder market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Mussel Oil & Powder capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Mussel Oil & Powder by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Mussel Oil & Powder market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Mussel Oil & Powder market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Mussel Oil & Powder market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Mussel Oil & Powder industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Mussel Oil & Powder market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Mussel Oil & Powder market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Mussel Oil & Powder market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Mussel Oil & Powder market. These factors have benefited the growth of the global market for Mussel Oil & Powder. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Mussel Oil & Powder. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Mussel Oil & Powder are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.