According to a recent report by Future Market Insights, market research and competitive intelligence provider, global mussels market is expected to reach a market valuation of USD 4.1 Bn by the year 2022, accelerating with a CAGR of 4.6% by 2022-2032. The mussel market in the U.S amounts to 65% of the North American mussel market. The market is expected to reach a market value of USD 6.42 Bn during the forecasted period.
The popularity of mussels varies by country; however, with rising health concerns such as arthritis and bone diseases, consumers are becoming more health-conscious and gravitating toward health-beneficial food ingredients such as mussel extract. Mussel extract aids in the improvement of nerve cell function as well as the increase of bone and tissue sensitivity.
Mussel extract is beneficial in increasing fertility as well as the immune power in consumers, bringing higher demand to the mussel extract market. Many companies are already using mussel extract due to its health benefits and consumer demand.
Mussel extract is in high demand in the animal feed manufacturing industry to improve the nutritional content of animal feeds and this drives the demand for mussels.
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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.
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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
By Distribution Channel, the Mussels Market is segmented as:
- Local Sales
- Export Sales
By Region, Mussels Market is Segmented as:
- North America
- Latin America
- Middle east and Africa
- East Asia
- South Asia
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