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.
Due to its potential health benefits, mussel extract is becoming more and more popular, especially in areas where bone ailments and arthritis are becoming more common. It is thought to improve nerve cell activity and bone and tissue sensitivity, in line with the increasingly popular trend of health-conscious consumers.
The market for mussels has grown steadily in recent years due to the growing demand for seafood, growing consumer knowledge of the health benefits of mussels, and their adaptability in a variety of culinary contexts. Because they are so nutritious and are farmed sustainably, mussels are becoming more and more popular with consumers and showing up on menus across the globe. Both seasoned seafood producers and more recent entrants who wish to capitalise on this growing trend have market opportunities.
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.
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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
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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