The North America Mussel Oils Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030).
The US market dominated the North America Mussel Oils Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14,571.5 Thousands by 2030. The Canada market is showcasing a CAGR of 7.2% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 6.2% during (2023 - 2030).
The adoption of mussel oils extends beyond human consumption to the pet care industry. As pet owners become more conscious of their animals’ well-being, there is a growing demand for natural and effective supplements to support pet health. Mussel oil’s potential benefits for joint health make it a sought-after ingredient in pet supplements, contributing to the expanding market for pet care products containing mussel oils. It is prominently utilized in the pharmaceutical and nutraceutical industries due to their high content of omega-3 fatty acids, specifically eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). These essential fatty acids are known for their anti-inflammatory properties and have been linked to various health benefits, particularly in managing joint-related conditions such as arthritis and osteoarthritis. Mussel oil supplements are often recommended for individuals seeking natural alternatives to support joint health and reduce inflammation. For example, as per China.org, in 2021, the combined business revenue of China’s pharmaceutical companies increased by 18.7 percent annually, the greatest growth rate in five years.
The antioxidant properties of mussel oils make them valuable ingredients in skincare and cosmetic products. These oils contain a unique blend of lipids and bioactive compounds that contribute to their ability to combat oxidative stress, protect the skin from environmental damage, and promote overall skin health. Incorporating mussel oils into functional foods and beverages has become a notable trend in the food industry. With consumers increasingly seeking healthier alternatives in their diets, food and beverage manufacturers are exploring innovative ways to include the nutritional benefits of mussel oils in everyday products.
The foods and beverages sector in Mexico recognizes the potential of mussel oils to enhance the nutritional profile of a wide range of products, including snacks, dairy, and functional foods. The trend towards functional foods and nutraceuticals is gaining momentum in Mexico. It addresses nutrient gaps in the Mexican diet, especially concerning omega-3 fatty acids. It addresses nutrient gaps in the Mexican diet, especially concerning omega-3 fatty acids. Restaurants and foodservice establishments in Mexico, particularly those with health-conscious menus, may incorporate mussel oils into dishes and beverages. Hence, the factors mentioned above will drive the regional market growth.
Free Valuable Insights: The Mussel Oils Market is Predict to reach USD 82.8 Million by 2030, at a CAGR of 5.3%
Based on Grade, the market is segmented into Food Grade, Pharmaceutical Grade, and Cosmetic Grade. Based on Application, the market is segmented into Dietary Supplements, Processed Food, Biopharmaceutical, Pet Food & Veterinary, and Others. Based on Distribution Channel, the market is segmented into Hypermarket/Supermarket, Pharmacy, Online, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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