By 2022, the mussel market is estimated to be valued at $4.1 billion, with a projected CAGR of 4.6% between 2022 and 2032. The United States accounts for 65% of the North American mussel market, which is expected to reach $6.42 billion during the forecast period.
The use of mussel extract, which has been linked to possible health advantages, is growing, especially in areas where ailments like arthritis and bone diseases are becoming more common. It is seen as improving nerve cell activity, bone and tissue sensitivity, and matching with the expanding health-conscious consumer trend.
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The mussels market has experienced steady growth in recent years, driven by the rising demand for seafood, increasing consumer awareness of the health benefits of mussels, and their versatility in culinary applications. Mussels are gaining popularity among customers and are appearing on menus all over the world thanks to their excellent nutritional content and sustainable farming methods. Market prospects exist for both established seafood producers and recent newcomers wanting to profit from this expanding trend.
By 2022, the mussels market is projected to be worth USD 4.1 billion, growing at a CAGR of 4.6% between 2022 and 2032. 65% of the mussel market in North America is in the United States. Throughout the anticipated period, the market is anticipated to reach a market value of USD 6.42 Bn.
Although the popularity of mussels varies by region, as ailments like arthritis and bone diseases become more prevalent, people are becoming more health conscious and choose beneficial ingredients like mussel extract. Mussels extract aids in enhancing bone and tissue sensitivity as well as nerve cell activity.
Customers’ immune systems and fertility can both be improved by using mussel extract, which boosts demand for the product. Because of the health advantages and rising customer demand for mussel extract, several businesses currently use it.
The market for mussels is fueled by the high demand for mussel extract in the animal feed manufacturing sector, which helps to improve the nutritional value of animal diets.
Key Takeaways from Market Study
- Fish is essential in Thailand cooking and, as such, is always in high demand and this increases the demand for mussels.
- The mussel market in the U.S amounts to 65% of the North American mussel market.
- By product type, the mussels market is segmented into green mussel, black mussel markets
- According to application type, the mussels market is segmented into local sales, black export sales.
- The global COVID-19 situation had a significant impact on the local seafood market. The mussel market is quickly approaching pre-COVID levels.
“The mussel market has experienced exceptional growth in the past few years, and this trend is expected to continue in the coming years,” says a lead analyst at Future Market Insights.
Who is Winning?
Waitaki Biosciences International Ltd., Maclab, Inc., Nature’s Path Foods, Inc., Great HealthWorks Inc., Navchetana Kendra Agra., and others are some of the top manufacturers and suppliers of mussel.
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Future Market Insights, in its new offering, provides an unbiased analysis of the mussel market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
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By Products, the Mussels Market is segmented as:
- Green Mussel
- Black Mussel
- Others
By Distribution Channel, the Mussels Market is segmented as:
- Local Sales
- Export Sales
By Region, Mussels Market is Segmented as:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
Frequently Asked Questions:
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