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Global mussel oil market is highly consolidated owing to the low presence of players in the market. The key player in the market includes :
The key market participants are implementing various strategies includes research & development activities, technology advancement, new product launches, acquisitions and mergers in order to increase market share and to tap the growth opportunities in the market.
For instance, Aroma NZ Ltd use Flash-drying technology to dehydrate heat-sensitive products such as slurries, bioactive proteins, granules, and powders. It allows the use of high temperatures and guarantees the highest quality of finished product. This process helps the company to develop GlycOmega mussel powder in 5 minutes, without loss of any Omega-3 lipids and bioactive proteins.
Dietary supplements application held a share of USD 20 million in 2020 and will expand at a CAGR of over 5.5% up to 2027 with increasing consumer inclination towards high quality supplement products due to stressful and hectic lifestyle.
The global mussel oil industry share was valued at over USD 37.5 million in 2020 and will grow at a CAGR of 5.5% over 2021-2027.
APAC mussel oil industry share is expanding at a steady pace through 2027 owing to a strong personal care and cosmetics sector in the region, which is growing rapidly.
The food grade mussel oil industry size will exceed a revenue of USD 30 billion by 2027, driven by rising population and the increasing number of investments across the global food sector.