The global mussel extract market size is expected to reach US$ 71.30 Million in 2032. The mussel extract market is growing rapidly.
As per FMI Analysts, the global Mussel extract market is estimated to be valued at US$ 41.74 Million in 2022 and is projected to increase at a CAGR of 5.5% in the forecast period from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| Mussel Extract Market Estimated Base Year Value (2021) | US$ 39.56 Million |
| Mussel Extract Market Expected Market Value (2022) | US$ 41.74 Million |
| Mussel Extract Market Anticipated Forecast Value (2032) | US$ 71.30 Million |
| Mussel Extract Market Projected Growth Rate (2022 to 2032) | 5.5% CAGR |
Mussels are revered in different countries, due to health issues such as arthritis and osteoporosis, consumers are becoming health-conscious and moving towards health-beneficial foods like mussel extract, which enables the better function of nerve cells and tissue sensitivity. Mussel extract is used to manufacture various dietary supplements and immunity supplements as well.
There is an increasing demand for mussel extract as it is beneficial in increasing fertility and the immune system functions in consumers, which is why many manufacturers are already using mussel extract in their curtailments due to its increasing health benefits and its popularity among consumers.
Mussel extract is more in demand in the animal feed manufacturing industry in order to improve animal nutrition. There are a lot of opportunities in the mussel extract market, and manufacturers need to plan their systemic investment budget along with payment of GST before shipment to avoid huge custom duty.
To maintain in the market, new players should enter with a price rate challenge, and players should have extensive outsourcing experience so that their mussel extract can be sold at a lower rate but at a similar or better quality to other corresponding manufacturers.
Companies like these are focusing on entering new markets for their products and also expanding their product offerings and portfolios to gain more mussel extract market share.
The APAC market accounted for the lion's share of the market in 2018 and will continue to dominate in the forecast years. This is due to the high product demand for mussel extract, driven by the rising target population in the region. The product is used for the treatment of joint problems and rheumatoid arthritis. The cosmetics industry is expected to grow dramatically, especially in South Korea, due to a rapidly expanding cosmetics and personal care industry.
Nevertheless, Europe is set to experience maximum growth between 2019 and 2025 due to the increasing population and rise in health consciousness. Moreover, France, in particular, is the region's major market for live and frozen mussels.
Accordingly, in April 2014, the European Commission of the Common Fisheries Policy Reform and Strategic Guidelines passed a policy with the aim of promoting the aquaculture business in Europe. This will contribute to the rapid expansion of the aquaculture sector in Nordic and English countries and the growth of the mussel extract market regionally.
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The mussel extract market has received a lot of traction in the industry.
Whether it's seafood or supplements, mussels are popular around the world. With more and more health concerns such as arthritis and bone diseases, consumers are moving towards health benefits from foods such as mussel extract, which has the ability to improve nerve cell function, increase bone and tissue sensitivity, and is included in products such as supplement immunity boosters and nutritional supplements, these factors, in turn, are boosting the mussel extract market growth.
As a result of increased pollution resulting in hazardous work environments and a hectic work-life schedule, and the consumption of tobacco and alcohol, infertility is increasing in both women and men. Mussels also contribute to boosting immunity in consumers, bringing higher demand to the mussel extract market. Due to the health benefits of mussel extract and consumers' demand, there is a growing number of manufacturers using mussel extract in their products.
Higher demand for mussel extract exists in the animal feed industry to enhance the nutritional content of the animal feed. There are a lot of opportunities in the mussel extract market, but the manufacturer should understand the systemic investment budget together with proper planning, for example, purchasing mussels from aquaculture vendors at a cheaper rate and paying GST before shipping to prevent heavy customs duty.
In order to stay relevant in the market, new players need to enter the market with a challenging price rate. Players should have the maximum outsourcing knowledge in order to generate sales of mussel extract as an ingredient to other corresponding manufacturers at a low rate while maintaining that same or better quality than other competitors.
The use of mussel extract has been shown to boost fertility and immune power in consumers, hence, triggering the demand for mussel extract among manufacturers. This has led to the mushroom extract market booming, with many manufacturers already using mussel extract for their products based on consumers' and health benefits.
In 2018, the Asia Pacific held the top market position and was expected to maintain that position throughout the forecast years, owing to the high product demand for mussel extract stemming from the increasing target population in the region. This product is primarily used in treating rheumatoid arthritis and joint-related conditions. Additionally, the global cosmetic market is predicted to benefit from the rapid expansion of the cosmetics and personal care industry, especially in South Korea.
It is expected, however, that Europe will witness the highest growth rate in the mussel extract market from 2019 to 2025 due to an increasing population and increased health consciousness. In addition, Britain is the second-largest producer of live and frozen mussels in this region, while France accounts for the largest imports.
Accordingly, in April 2014, the European Commission of the Common Fisheries Policy Reform and Strategic Guidelines passed a policy with the aim of promoting the aquaculture business in Europe. This will contribute to the rapid expansion of the aquaculture sector in Nordic and English countries and the growth of the mussel extract market regionally.
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Some of the leading companies operating in the global mussel extract market include Waitaki Biosciences International Ltd., Maclab, Inc., Nature's Path Foods, Inc., Great HealthWorks Inc., and Navchetana Kendra Agra.
They are also seeking to expand their portfolios and create innovative products to increase the mussel extract market share. The companies are focusing on entering newer markets to increase product sales.
A company named Korure Ltd expanded its market in China in 2018 by providing anti-inflammatory phospholipid extract products to the country. Sanford Health launched a range of nutraceutical products in November of the same year.
Aroma New Zealand uses Flash-drying technology to dehydrate heat-sensitive products such as slurries, bioactive proteins, granules, and powders. It permits high temperatures and ensures the highest quality of the final product. This technology allows the formulation of GlycOmega mussel powder in just 5 minutes with no loss of Omega-3 lipids and bioactive proteins, propelling the growth objectives of the global mussel extract market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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The global mussel extract market is set to exceed US$ 71.30 Million in 2032.
The USA is projected to lead the mussel extract market in the forecast period.
Waitaki Biosciences International Ltd., Maclab, Inc., Nature's Path Foods, Inc., Great HealthWorks Inc., and others are some of the renowned companies in the mussel extract market.
1. Global Market Executive Summary | Mussel Extract Market 1.1. Global Market Overview 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Fact.MR Analysis and Recommendations 2. Global Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Introduction and Definition 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Mussel extracts 3.1.2. COVID-19 Crisis and Impact on Aprotic Solvent Prices 3.1.3. COVID-19 Impact Benchmark with Previous Crisis 3.1.3.1. Change in Demand 3.1.3.2. Before and After COVID-19 Crisis (Projected) 3.1.3.3. Before and After Sub-prime Crisis – 2008 (Actual) 3.1.3.4. Change in Demand post Recovery Period (After Each Crisis) 3.1.4. Impact on Market and Value (US$ Million) 3.1.4.1. Likely Loss of Value in 2020 3.1.4.2. Mid-term and Long-Term Forecast 3.1.4.3. Quarter-by-Quarter Demand and Recovery Assessment 3.1.5. Anticipated Demand and Value Recovery Curve 3.1.5.1. Likelihood of U-Shape Recovery 3.1.5.2. Likelihood of L-Shape Recovery 3.1.6. Recovery Period Assessment by Key Countries 3.1.7. Recovery Assessment by Key Market Segments 3.1.8. Action Points and Recommendations for Suppliers 3.1.9. Impact on Trade Balance 3.2. Key Trends Impacting the Market 3.3. Formulation and End-User Development Trends 4. Market Background and foundation Data Points 4.1. Need of the Hour for Industries 4.2. Industry Wise Industry 4.0 4.3. Strategic Priorities 4.4. Life Cycle Stage 4.5. Importance of Technology 4.6. Use Cases of Mussel extracts 4.7. Forecast Factors: Relevance and Impact 4.8. Investment Feasibility Matrix 4.9. PESTLE Analysis 4.10. Porter’s Five Forces Analysis 4.11. Market Dynamics 4.11.1. Drivers 4.11.2. Restraints 4.11.3. Opportunity Analysis 4.11.4. Trend 5. Global Market Demand (US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 5.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021 5.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 6.1. Introduction / Key Findings 6.2. Historical Market Value (US$ Million) Analysis By End User, 2017 to 2021 6.3. Current and Future Market Value (US$ Million) Analysis and Forecast By End User, 2022 to 2032 6.3.1. Dietary supplement 6.3.2. Biopharmaceuticals 6.3.3. Cosmetics and personal care 6.3.4. Pet food 6.3.5. Veterinary medicines 6.3.6. Processed food 6.4. Market Attractiveness Analysis By End User 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Form 7.1. Introduction / Key Findings 7.2. Historical Market Value (US$ Million) Analysis By Form, 2017 to 2021 7.3. Current and Future Market Value (US$ Million) Analysis and Forecast By Form, 2022 to 2032 7.3.1. Liquid 7.3.2. Powder 7.3.3. Paste 7.4. Market Attractiveness Analysis By Form 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Distribution Channel 8.1. Introduction / Key Findings 8.2. Historical Market Value (US$ Million) Analysis By Distribution Channel, 2017 to 2021 8.3. Current and Future Market Value (US$ Million) Analysis and Forecast By Distribution Channel, 2022 to 2032 8.3.1. B2B 8.3.2. B2C 8.3.3. Modern Trade 8.3.4. Convenience Store 8.3.5. Specialty Store 8.3.6. Departmental Store 8.3.7. Others 8.4. Market Attractiveness Analysis By Distribution Channel 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 9.1. Introduction / Key Findings 9.2. Historical Market Value (US$ Million) Analysis By Region, 2017 to 2021 9.3. Current and Future Market Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. East Asia 9.3.5. South Asia & Oceania 9.3.6. Middle East and Africa (MEA) 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 10.1. Introduction / Key Findings 10.2. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 10.3. Market Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 10.3.1. By Country 10.3.1.1. USA 10.3.1.2. Canada 10.3.2. By End User 10.3.3. By Form 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By End User 10.4.3. By Form 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 11.3. Current and Future Market Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 11.3.1. By Country 11.3.1.1. Brazil 11.3.1.2. Mexico 11.3.1.3. Rest of Latin America 11.3.2. By End User 11.3.3. By Form 11.3.4. By Distribution Channel 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By End User 11.4.3. By Form 11.4.4. By Distribution Channel 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 12.3. Current and Future Market Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 12.3.1. By Country 12.3.1.1. Germany 12.3.1.2. France 12.3.1.3. Italy 12.3.1.4. Spain 12.3.1.5. United Kingdom 12.3.1.6. BENELUX 12.3.1.7. Russia 12.3.1.8. Rest of Europe 12.3.2. By End User 12.3.3. By Form 12.3.4. By Distribution Channel 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By End User 12.4.3. By Form 12.4.4. By Distribution Channel 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 13.3. Current and Future Market Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 13.3.1. By Country 13.3.1.1. China 13.3.1.2. Japan 13.3.1.3. South Korea 13.3.2. By End User 13.3.3. By Form 13.3.4. By Distribution Channel 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By End User 13.4.3. By Form 13.4.4. By Distribution Channel 14. South Asia & Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 14.3. Current and Future Market Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 14.3.1. By Country 14.3.1.1. India 14.3.1.2. Thailand 14.3.1.3. Malaysia 14.3.1.4. Singapore 14.3.1.5. Vietnam 14.3.1.6. Australia and New Zealand 14.3.1.7. Rest of South Asia & Oceania 14.3.2. By End User 14.3.3. By Form 14.3.4. By Distribution Channel 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By End User 14.4.3. By Form 14.4.4. By Distribution Channel 15. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15.1. Introduction / Key Findings 15.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 15.3. Current and Future Market Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 15.3.1. By Country 15.3.1.1. GCC Countries 15.3.1.2. South Africa 15.3.1.3. Israel 15.3.1.4. Rest of Middle East and Africa (MEA) 15.3.2. By End User 15.3.3. By Form 15.3.4. By Distribution Channel 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By End User 15.4.3. By Form 15.4.4. By Distribution Channel 16. Market Structure Analysis 16.1. Market Analysis by Tier of Companies 16.2. Market Concentration 16.3. Market Share Analysis of Top Players 16.4. Market Presence Analysis 17. Competition Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Competition Deep Dive 17.4. Waitaki Biosciences International Ltd 17.4.1. Company Overview 17.4.2. End User overview 17.4.3. SWOT Analysis 17.4.4. Key Developments 17.5. Maclab, Inc. 17.5.1. Company Overview 17.5.2. End User overview 17.5.3. SWOT Analysis 17.5.4. Key Developments 17.6. Nature's Path Foods, Inc. 17.6.1. Company Overview 17.6.2. End User overview 17.6.3. SWOT Analysis 17.6.4. Key Developments 17.7. Great HealthWorks Inc. 17.7.1. Company Overview 17.7.2. End User overview 17.7.3. SWOT Analysis 17.7.4. Key Developments 17.8. Navchetana Kendra Agra. 17.8.1. Company Overview 17.8.2. End User overview 17.8.3. SWOT Analysis 17.8.4. Key Developments 18. Assumptions And Acronyms Used 19. Research Methodology
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Mussel Extract Market
