By2022, the mussel market is projected to have a value of $4.1 billion and grow by 4.6% a year until 2032. The US leads North America with a 65% market share, and its goal is $6.42 billion. Due to its numerous health advantages, mussel extract is growing in popularity. This is because customers are growing more concerned about their health in light of rising rates of bone illnesses and arthritis.
The market for mussels is predicted to be worth $4.1 billion by 2022, growing at a 4.6% CAGR from 2022 to 2032. The North American mussel market, projected to grow to $6.42 billion over the forecast period, is dominated by the United States at 65%.
Mussel extract is gaining popularity because of its possible health benefits, particularly in regions where arthritis and bone disorders are on the rise. According to common belief, it enhances bone and tissue sensitivity as well as nerve cell activity, supporting the growing trend of health-conscious consumers.
Because of the rising demand for seafood, rising consumer awareness of the health benefits of mussels, and their versatility in a range of culinary applications, the mussel industry has been expanding significantly in recent years. Mussels are becoming a more and more popular food item on menus all around the world due to its high nutritional value and sustainable farming practices. Both seasoned seafood producers and more recent entrants who wish to capitalise on this growing trend have market opportunities.
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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.
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“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.
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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