The global mussel extract market size is predicted to reach US$ 71.30 Million in 2032. The mussel extract market is growing significantly. A mussel is a small sea creature that has two densely packed shells. Mussel extract is derived from mussels. Due to the increase in population and demand for seafood, the aquaculture sector has established several aquaculture ponds to increase the cultivation of fresh mussels for the goal of collecting pearls and other by-products.
The mussel extract market is expanding rapidly as customers become aware of its possible health advantages. Mussel extract, which is high in omega-3 fatty acids, vitamins, and minerals, is gaining favour as a natural supplement for joint health and inflammation reduction. Increased consumer interest in natural medicines and holistic wellness is projected to propel this industry forward.
Mussels are raised in both freshwater and seawater to meet the needs of the consumer. The demand for mussel extract is increasing due to the health benefits it gives and the fact that it is a staple in many households.
Along with the benefits to humans, it is also beneficial for dogs. Many pet lovers prefer mussel extract containing food for healthy bones and increase in omega-3 intakes of dogs, which increases their health and lifespan. Increasing health and cardiovascular risks leads many consumers toward health consciousness to control body fat and keep themselves healthy.
Therefore consumers to be healthy and away from cardiovascular risk prefer the seafood mussel extract in food, which is rich in omega-3, beneficial for heart and also useful in preventing inflammation, caused due to bone degradation, owing to such reasons the mussel extract is expected to grow significantly over the forecast period.
Increasing Demand for Mussel Extract Due to Various Health Benefits
The fame of mussels varies from country to country, with growing health issues such as arthritis, bone diseases, consumers are getting health conscious and moving towards the health beneficial food ingredient such as mussel extract. Mussel extract help in improve nerve cell functioning and increasing bone and tissue sensitivity.
Mussel extract is used in various supplement products such as boosting immunity supplement, dietary supplements, Due to increasing pollution leading to hazardous environment and a very hectic work environment, and consumption of tobacco and alcohol, is expanding infertility in men and woman, mussel extract is beneficial in increasing fertility along with the immune power in consumers.
It brings higher demand to mussel extract market, many manufacturers are already using mussel extract as their curtail ingredient, due to increasing health benefits and consumers demand. There is a higher demand for mussel extract in animal feed manufacturing industry to improve the nutritional content for animal feeds.
Mussel Extract Market: Key Players
Some of the top manufacturers and suppliers of mussel extract are Waitaki Biosciences International Ltd., Maclab, Inc., Nature’s Path Foods, Inc., Great HealthWorks Inc., Navchetana Kendra Agra., etc. are some leading manufacturer of mussel extract.
Opportunities for Market Participants for Mussel Extract
There are a lot of opportunities in mussel extract market, and the manufacturer needs to understand the systemic investment budget along with the planning such as purchasing of the mussel from the aquaculture vendor at a lower rate, paying GST before shipment to avoid huge custom duty. The new players should enter the market with a challenging price rate to sustain in the market.
Players should have maximum outsourcing knowledge, to sell mussel extract as an ingredient to other corresponding manufacturers at a lower rate but, at a same or better quality than other compotators. Players having their own aquaculture farm of mussel, might additionally extract the essential components from mussel and sell it to other manufacturer using mussel extract as a key ingredient in manufacturing their end product.
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Mussel Extract Market Segmentation
On the basis of end users:
- Dietary supplement
- Biopharmaceuticals
- Cosmetics and personal care
- Pet food
- Veterinary medicines
- Processed food
On the basis of form:
- Liquid
- Powder
- Paste
On the basis of distribution channels:
- B2B
- B2C
- Modern Trade
- Convenience Store
- Specialty Store
- Departmental Store
- Others
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