Derived from green-lipped mussels, mussel oil is a rich source of omega-3 fatty acids, which play a vital role in keeping up with our health. The oil is rich in magnesium, vitamin B12, iodine, and proteins, providing benefits to our heart, brain, and bone health and aiding in treating deficiencies. Majorly found in the northern & central regions of New Zealand, mussel oil has medicinal properties and is beneficial in treating inflammatory conditions, including severe diseases such as asthma, ADHD, cancer, etc.
Furthermore, due to the inclination of consumers towards health-conscious products, mussel oil is expected to be adopted across diverse sectors such as food & nutrition, pharmaceutical, fitness, etc., leading to a swift upsurge in the Global Mussel Oil Market. The Global Mussel Oil Market is projected to grow at a CAGR of around 3.2% during the forecast period, i.e., 2023-28, cites MarkNtel Advisors in their well-crafted research report.
The market growth is also positively impacted by the rise of aquaculture activities. Moreover, the growing production of mussels to satisfy the global demand interprets into ample raw materials for the extraction of mussel oil, ensuring a stable supply of this valuable oil.
The pharmaceutical sector would dominate the Global Mussel Oil Market. The rising awareness among citizens regarding their health has led to a rise in the adoption & usage of mussel oil in pharmaceutical products. Mussel oil is naturally rich in anti-inflammatory agents & stimulants, which offer several benefits for health, due to which people are inclined towards its adoption. The beneficial compound of mussel oil has led to pharmaceutical companies using it for the formulation of their products and with the increasing demand for the product in the pharmaceutical grade, the Global Mussel Oil Market is anticipated to grow in the forecast years.
Asia-Pacific accounted for the highest share of the Global Mussel Oil Market during 2022 and is anticipated to flourish in the forecast years. The Asia-Pacific region comprises of extensive presence of the green-lipped mussel along with several freshwater mussel species, including Leoparreysia whitteni, Radiatula myitthanensis, & Yaukthwa elongatula, contributing to the region’s largest revenue share in the Global Mussel Oil Market in 2022. The region is expected to keep up with its dominance in this market in the coming years.
Several companies are involved in the Mussel Oil Market. Some of the major contenders are Waitaki Bio, Aroma NZ, Nature’s Range, Lovely Health Ltd., Henry Blooms Health Products, ECI NATURAL HEALTH LTD, Bio-Mer Ltd, and Xtend-Life. These companies constantly work on strengthening their position & competing in the global market.
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