Market Outlook for Mussel oils market:
Mussel oil is typically derived from the green-lipped mussel, a bivalve mollusc, from the coast of New Zealand. Green-lipped mussel oil is native to the pristine seawaters of the coastline of New Zealand and is used in various treatments such as asthma and other respiratory problems, rheumatoid arthritis, and osteoarthritis and inflammatory bowel disease such as the Crohn’s disease. Mussel oil derived from the green-lipped mussel has been identified as a source of 25 different fatty acids, of which the omega-3 fatty acids comprise a significant composition. Thus, mussel oil has many health benefits and is widely used in dietary supplements and the cosmetics industry.
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Mussel Oils Market: Dynamics
The mussel oils market is largely driven by applications in dietary supplements as mussel oil is a rich source of omega-3 fatty acids. Health consciousness and awareness about RDA intake are also contributing to the increase in the demand for dietary supplements, which in turn has been fueling the growth of the mussel oils market.
Mussel oil witnesses high demand in biopharmaceuticals, due to the anti-inflammatory properties conveyed by the bioactive compounds present in the oil. Mussel oil derived from green-lipped mussels contains a high amount of the eicosatetraenoic acid since green-lipped mussel is the only known source of ETAs, which help prevent inflammation at a cellular level.
With consumers shifting towards a vegan lifestyle, the demand for mussel oil is expected to witness a slowdown as mussel oil is an animal-origin oil. Global warming, ocean pollution and exploitation of the oceans by human activities have significantly disturbed oceanic biodiversity, which is leading to a decline in the mussel count in the ocean. This is a key restraint for the global mussel oil market. With increasing activities and programs towards protecting the biodiversity of the ocean and welfare, the mussel oil market is expected to remain stagnant.
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Mussel oil might produce allergies in people allergic to shellfish and should be used cautiously by people with high blood pressure due to the sodium content. Some of the possible side effects of mussel oil include nausea, gout, heartburn, intestinal gas and skin rashes.
Mussel Oils Market: Segmentation
Segmentation of the mussel oils starch market on the basis of end use:
- Processed food
- Cosmetics and personal care
- Biopharmaceutical
- Dietary supplements
- Veterinary medicine
- Pet food
Segmentation of the mussel oils starch market on the basis of distribution channel:
- Wholesale
- Online retailer
- Supermarket
- Specialty stores
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Global Mussel Oils Market: Market Participants
Waitaki Biosciences, Maclab, Aroma New Zealand Limited, Nature’s Range, Great Healthworks and Blackmores Limited are some of the key players in the global mussel oils market