The global mussel oil market is anticipated to grow considerably over the forthcoming timeline owing to a high product demand across several application avenues such as pet food, biopharmaceutical, processed foods, and dietary supplements among others. Mussel oil or green lipped mussel oil is known as a bivalve mussel, which is largely cultivated in New Zealand.
New Zealand-based green-lipped mussel is basically a shellfish, that in comparison to other fish oil, and mussel oil sources is known to be much more sustainable. Mussel oil is known to have various health benefits. In 2004, South Korea approved green lipped mussel oil complex, or GLMOC, as an effective raw material for use in functional foods to improve joint health. The approval was granted by the Korea Ministry of Food and Drug Safety.
The global mussel oil market is bifurcated in terms of grade, end-use, sales channel, and regional landscape.
In terms of end-use, the overall mussel oil market is categorized into pet food & veterinary, dietary supplements, biopharmaceutical, cosmetics and personal care, and processed food. Among these, the processed food end-use segment is expected to reach a valuation of more than $1.88 million by the end of 2027.
Biopharmaceutical end-use segment is likely to reach $9.22 million by the end of the analysis time period. The segment is estimated to show 3.0% CAGR through the analysis timeline. Green-lipped mussel oil is known to be very beneficial for rheumatoid arthritis and osteoarthritis, which warrants that it sees high demand across the biopharmaceutical sector.
In fact, mussel oil supplements have become the most effective as well as inexpensive OTC methods for relieving inflammation and joint pain. These mussels are known to have numerous highly-effective mitigating nutrients that aid joints to function properly, experiencing less chronic pain.
In addition, when consumed in the form of pill, the Omega-3 fatty acids in the mussels connect with the metabolic system of the body and are spread all across the body, providing benefits to joints. It is also used in for other conditions such as ADHD (attention deficit-hyperactivity disorder), asthma, and exercise-induced muscle soreness.
With respect to sales channel, the market for mussel oil is classified into online stores, specialty stores, hypermarket/supermarket, and others including drugstore and nutrition & health food store among others. Among these, the specialty stores segment is estimated to witness more than 4.4% CAGR over the projected time period.
Meanwhile, the other sales channel segment, which is inclusive of nutrition & health food store and drugstore, is expected to reach a valuation of $5.72 million by the end of 2027.
From a regional frame of reference, Latin America is expected to reach a valuation of more than $8.73 million by the end of the analysis timeline. The Middle East and Africa mussel oil market is slated to grow at a CAGR of 4.0% over the analysis timeline.