Global Mussel Oil Market Business Strategies and Massive Demand by 2023-2028 Market Share | Revenue and Forecast
Global Mussel Oil Market Insights:
According to MarkNtel Advisors, the Global Mussel Oil Market is projected to grow at a CAGR of around 3.2% during the forecast period, i.e., 2023-28. The market is anticipated to experience a significant upswing as consumers increasingly prioritize health-conscious choices, favoring natural & beneficial products like mussel oil in the food & nutrition sector, presenting promising growth prospects for the market.
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Global Mussel Oil Market Definition:
Mussel oil is derived from green-lipped mussels and contains high omega-3 fatty acids, benefiting heart & brain health. It is also rich in magnesium, vitamin B12, iodine, and proteins, promoting bone health and treating deficiencies. Green-lipped mussels primarily inhabit the northern & central regions of New Zealand, where they form dense beds in the shallow sub-tidal environment and gather in aggregations in the intertidal environment.
Global Mussel Oil Market Growth Restraint
Vegan Lifestyle Shift, Depleting Mussel Populations, & Seafood Allergies – The shift toward a vegan lifestyle largely impacts the market, as mussel oil is animal derived. Another factor posing obstacles to the market’s development is the reduced count of mussels in oceans, i.e., being impacted by global warming, pollution, and human exploitation. Additionally, the rise in allergies related to seafood consumption is expected to further decelerate the growth of the mussel oils market during 2023-28.
Global Mussel Oil Market Segmentation:
- Food Grade
- Pharmaceutical Grade
- Cosmetics Grade
- Processed Food
- Beauty & Cosmetics
- Dietary Supplements
- Pet Food & Veterinary
-By Distribution Channel
Global Mussel Oil Market Geographically Analysis:
- North America
- South America
- The Middle East & Africa
Global Mussel Oil Leading Companies:
- Waitaki Bio
- Aroma NZ
- Nature’s Range
- Lovely Health Ltd.
- Henry Blooms Health Products
- ECI NATURAL HEALTH LTD
- Bio-Mer Ltd
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