Mussel Oil Market Size

Mussel Oil Market Size

Mussel Oil Market size exceeded USD 37.5 million in 2020 and is estimated to grow at over 5.5% CAGR between 2021 and 2027. Supporting regulatory norms by EU commission regarding approval of mussel oil in functional food in the region should have a positive influence on the demand of mussel oil in functional food along with the dietary supplements industry over the forecast period.  In addition, mussel oil contains GLMO, vitamin E, and olive oil helps treat arthritis, including rheumatoid arthritis & osteoarthritis, inflammation and asthma

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Nutraceutical products have come to be regarded as essential products during the COVID 19 pandemic resulting in a substantial rise in demand. However, there has been disruptions in supply chain, owing to the imposition of nationwide lockdowns. Rising incorporation of mussel oil in processed food should drive the product demand. As, fear of buying has affected the demand for processed packaged food due to its long-shelf life. People have started to buy huge amounts of shelf?stable products upwards coupled with their nutritional value. whereas in the past few months, demand for packaged food has decreased due to the unlocking and adoption of new normal among the consumers.

Stringent environmental policies regarding fish catches mainly in Peru and China, which are the largest fishing nations should hamper market growth. For instance, big boats are restricted to catch fishes within 10 miles of the shore along Peru central and northern coast as the species population has shrunk to 40% in a year. Restrictions on the number of fish catches to maintain the ecological balance may negatively impact industry growth. Decreasing fish production and catches mainly in Nordic countries along with contamination of the oil by the environmental contaminants may hamper industry profitability. however, increasing demand for dietary supplements should balance the demand for product in the market.