Global Mussel Oil and Powder Market Size to worth USD 375.4 Million by 2033: Market Study Report

Global Mussel Oil and Powder Market Size to worth USD 375.4 Million by 2033

According to a research report published by Spherical Insights & Consulting, The Global Mussel Oil and Powder Market Size is Expected to Grow from USD 171.6 Million in 2023 to USD 375.4 Million by 2033, at a CAGR of 8.14% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Mussel Oil and Powder Market Size, Share, and COVID-19 Impact Analysis, By Form (Oil and Powder), By Grade (Food, Cosmetic, and Pharmaceutical), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.          

Mussel oil and powder, which are now becoming more popular due to their potential health benefits in promoting joint health, reducing inflammation, and enhancing overall well-being, are derived from green-lipped mussels (Perna canaliculus). Mussel oil is extracted from the soft tissues of the mussel, while mussel powder is made from dried and ground mussel meat. Both products contain high levels of omega-3 fatty acids, glucose, chondroitin, and essential amino acids that make them therapeutically active. These products are widely used in the nutraceutical, pharmaceutical, and dietary supplement industries. The growth of the mussel oil and powder market is attributed primarily to the increasing demand for natural and plant-based supplements, an increase in health problems related to joints, and growing awareness about the advantages of omega-3 fatty acids. Moreover, this market is also witnessing growth due to a movement toward sustainable and eco-friendly products since the source of green-lipped mussels comes from environmentally responsible farming practices. However, several restraining factors may affect market growth. These include a high production cost associated with mussel farming and the process of extraction, as well as the risk of allergies and contamination in marine source products.

The oil segment is predicted to hold the greatest market share through the forecast period.

Based on the form, the mussel oil and powder market is classified into oil and powder. Among these, the oil segment is predicted to hold the greatest market share through the forecast period. Mussel oil, known for its rich content of omega-3 fatty acids and other beneficial compounds, is highly valued in health supplements and nutraceutical products. Its increasing application in dietary supplements, skincare, and other wellness products often drives stronger demand compared to mussel powder.

The pharmaceutical segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the grade, the mussel oil and powder market is divided into food, cosmetic, and pharmaceutical. Among these, the pharmaceutical segment is anticipated to hold the greatest market share during the projected timeframe. This is largely due to the growing demand for functional ingredients in dietary supplements and the rising popularity of omega-3 fatty acids and other bioactive compounds found in mussel oil, which are beneficial for joint health, heart health, and inflammation reduction.

North America is estimated to hold the largest Mussel Oil and Powder market share over the forecast period.

North America is estimated to hold the largest mussel oil and powder market share over the forecast period. Rising consumer awareness about health and increasing demands for natural and effective dietary supplements are driving the North America mussel oil & powder market. Its share is substantial due to a more robust healthcare infrastructure and due to major market players located in the region. Another factor that is propelling mussel oil and powder demands is the trend toward preventive care and the growing incidence of chronic conditions such as arthritis and cardiovascular diseases.

Asia-Pacific is predicted to have the fastest CAGR growth in the mussel oil and powder market over the forecast period. The high population base, along with the rising health benefits of mussel oil, is the primary reason behind this dominance. China, Japan, and New Zealand are the key contributors to the growth of the regional market. The Asia Pacific region enjoys a well-developed aquaculture industry, which ensures a regular supply of mussels for extracting oil and powder.

Company Profiling

Major key players in the mussel oil and powder market are Blackmores, Aroma NZ, Bio-Mer NZ, Nature’s Range, and Waitaki Bio.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the mussel oil and powder market based on the below-mentioned segments:

Global Mussel Oil and Powder Market, By Form

• Oil
• Powder

Global Mussel Oil and Powder Market, By Grade

• Food
• Cosmetic
• Pharmaceutical

Global Mussel Oil and Powder Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa