Mussel Oils Market Size Worth $59.96 Million By 2025 | CAGR: 4.9%
The global mussel oil market size is expected to reach USD 59.96 million by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 4.9% from 2019 to 2025. Mussel oil, derived from green-lipped mussels, is a rich source of protein, omega-3 fatty acids, selenium, iron, vitamin B12, iodine, magnesium, and calcium and has low fat contents.
It acts as a pain relief, which helps sooth and restore inflamed joints and muscular tissues and relieve various bone diseases, such as rheumatoid arthritis, osteoarthritis, fibromyalgia, and lupus. Moreover, as per recent developments, it has shown positive effects in the treatment of asthma, cancer, and ADHD disorder in teenagers and children. All these factors are projected to fuel the product demand over the forecast period.
Europe is expected to be the fastest-growing regional market from 2019 to 2025 on account of growing aquaculture activities and seafood consumption. Increasing trade in European countries positioning France as the largest importer of mussels is expected to boost the product demand further. On the other hand, Asia Pacific is estimated to account for the largest share of the global market by 2025.
Access Full Info @ https://www.grandviewresearch.com/industry-analysis/mussel-oil-market/request/rs1
Further key findings from the study suggest:
Mussel Oil Application Outlook (Revenue, USD Million, 2015 - 2025)
Pet Food & Veterinary
It acts as a pain relief, which helps sooth and restore inflamed joints and muscular tissues and relieve various bone diseases, such as rheumatoid arthritis, osteoarthritis, fibromyalgia, and lupus. Moreover, as per recent developments, it has shown positive effects in the treatment of asthma, cancer, and ADHD disorder in teenagers and children. All these factors are projected to fuel the product demand over the forecast period.
Europe is expected to be the fastest-growing regional market from 2019 to 2025 on account of growing aquaculture activities and seafood consumption. Increasing trade in European countries positioning France as the largest importer of mussels is expected to boost the product demand further. On the other hand, Asia Pacific is estimated to account for the largest share of the global market by 2025.
Access Full Info @ https://www.grandviewresearch.com/industry-analysis/mussel-oil-market/request/rs1
Further key findings from the study suggest:
- In terms of revenue, biopharmaceutical application segment is projected to ascend at the highest CAGR of 5.5% from 2019 to 2025
- However, dietary supplements application is estimated to account for the largest market share by the end of 2025
- Hypermarket/supermarket is expected to lead the distribution channel segment; while, online channel is projected to register the fastest CAGR over the forecast years
- Asia Pacific was the dominant regional market in 2018 and is likely to expand further at a steady growth rate in future
- Some of the key companies in the mussel oils market include Waitaki Bio, Aroma NZ Ltd., Nature’s Range, Great HealthWorks, and BioMer Ltd.
Mussel Oil Application Outlook (Revenue, USD Million, 2015 - 2025)
- Processed Food
- Beauty & Cosmetics
- Biopharmaceutical
- Dietary Supplements
Pet Food & Veterinary
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