The global mussel oil market size is expected to reach USD 81.51 million by 2032, according to a new study by Polaris Market Research. The report “Mussel Oil Market Share, Size, Trends, Industry Analysis Report, By Grade (Food Grade, Pharmaceutical Grade, Cosmetics Grade); By Application; By Distribution Channel; By Region; Segment Forecast, 2022 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Mussel oil is derived from green-lipped mussels and contains high omega-3 fatty acids, which offer numerous benefits to the heart and brain. Additionally, this oil is rich in magnesium, vitamin B12, iodine, and proteins that help promote bone health and treat bone deficiencies.
Mussel oil is also commonly used to alleviate various respiratory issues like asthma, reduce inflammation, and relieve pain. It can also treat skin conditions like eczema and psoriasis. Furthermore, mussel oil has been found to help soothe and restore inflamed joints and muscular tissues, making it effective for treating bone diseases such as osteoarthritis, rheumatoid arthritis, fibromyalgia, and lupus. Dietary supplements represent a significant application area for the industry, as mussel oil is a rich source of fiber, vitamins, and minerals such as Vitamin B12, magnesium, selenium, iron, and many others. Moreover, the oil's antioxidant properties and numerous health benefits are expected to boost the growth of this segment over the coming years.
The growing use of mussel oil to treat asthma, cancer, and ADHD, along with its benefits in providing pain relief and soothing muscular tissues, are significant factors driving the growth of the mussel oil market. Furthermore, increasing aquaculture activities are contributing to this growth.
However, the rising skin allergies caused by seafood consumption and the increasing number of vegans globally may hinder the market's expansion. Although social media platforms and e-commerce websites present opportunities for the market, the easy availability of product substitutes poses a major challenge to its growth rate.
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The COVID-19 pandemic has had a mixed impact on the mussel oil market. On the one hand, the demand for natural health supplements and immune boosters has increased during the pandemic, which has led to a surge in demand for mussel oil. On the other hand, disruptions in the supply chain due to lockdowns and restrictions on international trade have negatively impacted the market. Additionally, the economic slowdown caused by the pandemic has reduced consumer spending, further affecting the demand for mussel oil. Nevertheless, with the easing of restrictions and the gradual recovery of the global economy, the market is expected to regain its momentum in the post-pandemic period.
Mussel Oil Market Report Highlights
Polaris Market Research has segmented the Mussel Oil Market report based on grade, application, distribution channel, and region:
Mussel Oil Market, Grade Outlook (Revenue - USD Million, 2019 - 2032)
Mussel Oil Market, Application Outlook (Revenue - USD Million, 2019 - 2032)
Mussel Oil Market, Distribution Channel Outlook (Revenue - USD Million, 2019- 2032)
Mussel Oil Market, Regional Outlook (Revenue - USD Million, 2019 - 2032)