TAGS: Sustainability / Natural Cosmetics
According to a new research report by Global Market Insights, the mussel oil market size is set to surpass USD 50 million by 2027. Widespread mussel oil adoption in pharmaceutical products owing to growing health consciousness in consumers and high content of beneficial constituents in the product, such as stimulants & anti-inflammatory agents should accelerate mussel oil industry growth.
Moreover, growing cosmetic industry worldwide owing to change in lifestyle and increasing working women population support the mussel oil demand in the cosmetic industry.
Growing Personal Care Industry
Cosmetic segment of the mussel oil market exceeded USD 6.0 Million in 2020. Rising demand for natural cosmetics, beauty awareness among population and aging population should boost cosmetics demand, thus driving market trends from cosmetics application. Most of mussel oil benefits are internal, but it also benefits the health of human skin, hair, teeth, and nails.
The essential nutrients and minerals found mussels oil, including omega-3 fatty acids, which aids to boost the esthetic beauty. Therefore, growing concern towards one’s appearance especially among the millennials owing to change in lifestyle and adaptation of western lifestyle led to should fuel the growth of cosmetic products by 2027.
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Mussel oil market demand from cosmetic & personal care end-use is set to register over 7.5% CAGR through 2027, pertaining to growing focus on beauty & personal grooming.”
Pharmaceutical-grade mussel oil market should show significant growth in the predicted period and reach over USD 9 Million by 2027. It is owing to rising incorporation of the product in the pharmaceutical industry for treatment of arthritis, asthma, exercise-induced muscle soreness, and attention deficit-hyperactivity disorder (ADHD), led to drive the growth for pharmaceuticals grade.
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Pharmaceutical-grade mussel oil industry is poised to witness over 6% CAGR through 2027 owing to growing research & development activities.”
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Source: Global Market Insights (GMI)