Mussel Oil & Powder Industry Overview

The global mussel oil and powder market size was valued at USD 159.70 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028. 

This is attributed to the increasing demand for mussel oil and powder from the food and nutrition sector worldwide. According to Harvard Business Review, the global population has quadrupled over the last century. The rising population, along with increasing income in the developed economies, has caused dietary changes such as the consumption of more protein and meat, which is driving the demand for food globally. The demand for food is expected to increase by 59% to 98% by 2050.

Gather more insights about the market drivers, restrains and growth of the Global Mussel Oil & Powder Market

The dietary supplements segment was the largest application segment in 2020 and is likely to maintain its lead over the forecast period. Health benefits associated with mussel oil and powder such as improved cardiovascular health, lung potency, and bone strength foster the product demand in the dietary supplements.