The main component of fat is Omega-3 fatty acid which the body make use of to produce energy and growth of our tissues. The Omega-3 fatty acids are very crucial for maintaining proper nutrition level in human beings which can be found in certain types of oils like fish oil, nut oils, and vegetable oils. These important fatty acids are the components of skin/membranes that frame our body cells. Docosahexaenoic acid or the DHA levels are mostly in greater proportion in the brain, eye and cells of the sperm. Calories are provided by Omega-3 fatty acids to energize the body. The important functions of these vital fatty acid aids are – in reduction of irregular heartbeat that are risky, decreasing the level of the fat in blood in heart, lungs, vessels of the blood, endocrine system and immune system.
The market for the omega-3 gummies market is anticipated to be priced at US$ 528.8 million in the year 2022 and is forecasted to show a CAGR of 7.1% in the predicted period of 2022-2030.
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Global Omega-3 Gummies Market- Driver_MI
In recent days, supplements of omega-3 gummies are used in treating of the cardiovascular diseases. These diseases constitute the heart vessels and blood vessels, rheumatic diseases of the heart, and cerebrovascular disease. It is anticipated that the growth of the omega-3 gummies market will be driven due to rise in occurrence of the cardiovascular diseases in the predicted period. As per the data reported by the World Health Organization in June 2021, the total number of death is 17.9 million across the world, owing to cardiovascular diseases.
The main companies operating in the market are taking on inorganic strategies like acquisition for the expansion of the product which will push the market growth in the predicted period. In this case, Unilever, a multinational company dealing in consumer goods, acquired SmartyPants Vitamins in November 2020. A nutritional supplement industry, SmartyPants Vitamins deals in the expansion and production of multifunctional nutritional supplements as supplements of the diet. The portfolio of the product of Unilever will be expanded with the help of this acquisition.
Global Omega-3 Gummies Market– Impact of Coronavirus (COVID-19) Pandemic_MI
The very fast spread of the coronavirus (COVID-19 Pandemic) across the world, and the source of this severe acute respiratory disease had already created a cause of public health emergency in the year 2020. The confirmed number of affected cases of COVID_19 was 15,310, 890 out of which 6,524, 568 had resulted to death until October 3, 2022.
Globally, the market for the omega-3 gummies faced major opportunity from the COVID-19 impact on its product, owing to the many usage of this vital fatty acid, for producing less inflammatory cytokines. Thus intake of increased dietary supplements of omega-3 fatty acid will lead in the reduction of improved immune system, less entry of viruses and thus reducing the risk of Covid-19 pandemic. With the increase number of people being affected of COVID-19, there will be rise in need of the omega-3 fatty acid; hence the market share of the product is predicted to be boosted up.
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The impact of COVID-19 pandemic and its lockdown in many places have interrupted the supply chain, distribution and transportation of the drug and the necessary raw material to the destined places difficult which have subsequently resulted in the deficit of raw material for omega-3 gummies production.
Global Omega-3 Gummies Market: Key Developments_MI
A company named, Nature Sure, famous for hair oils, face oils massage oils and other natural supplements introduced chewable gummies for health in July 2022. The gummies contained refreshing and powerful constituents like the omega-3, curcumin, elderberry, blueberry, apple cidar vinegar, pomegranate, biotin, lutein, zinc, inositol, zeaxanthin, astaxanthin, and folic acid.
A diversified fully integrated health and Wellness Company, named, Neptune Wellness Solution Inc., in July 2022, introduced a new plant based forest medication comprising of omega 3-6-9 gummies and soft gels. Forest medication/remedies are made up of Ahi flower seed oil in place of fish oil, is a new type of multi-gummies and soft gels.
Global Omega-3 Gummies Market: Restraint_MI
The presence of substitute product in the market and the availability of all other preferences like omega-3 tablets, capsules, and suspension and production challenges in the manufacturing of the gummies are the main reason for hindering the market growth of the omega-3 gummies. In this case, the challenges for manufacturing of the omega-3 gummies are change in the stability of heat, cases of rancidity leading to oxidation during manufacturing, removal of materials from the main source like oil.
Global Omega-3 Gummies Market: Key Players
The main companies operating in the market for the omega-3 gummies market globally include Nature’s Way Products,LLC, Renew Life, Rainbow Light, Jamieson, Nordiac Naturals, Rexall Sundown, Inc., Unilever, SmartyPants Vitamins, Nutra Solutions USA, Ernest Jackson & Company Ltd, Radius Healthcare Pvt. Ltd., Lexicare Pharma Pvt. Ltd., Makers Nutritions, MOSAIC WELLNESS PRIVATE LIMITED, BuyKayos.com, and Nutrifactor Laboratories (Pvt) Limited.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Source
- Market Snapshot, By Age Group
- Market Snapshot, By Application
- Market Snapshot, By Distribution channel
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Product Launches
- Regulatory Scenario
- Key Developments
- PEST Analysis
- Market Dynamics
- Global Omega-3 Gummies Market – Impact of Coronavirus (Covid-19) Pandemic
- Overall Impact on Healthcare sector
- Impact on Supply and Demand
- COVID-19 Impact on the market
- Global Omega-3 Gummies Market, By Source, 2017 – 2030, (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Fish
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Nuts and seeds
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Plants Oil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Introduction
- Global Omega-3 Gummies Market, By Age Group, 2017 – 2030, (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Children
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Adults
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Introduction
- Global Omega-3 Gummies Market, By Application, 2017 – 2030, (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Brain support
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Heart Health
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Liver Support
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Immune Support
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Digestive Support
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Introduction
- Global Omega-3 Gummies Market, By Distribution Channel, 2017 – 2030, (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segments Trends
- Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- E-Commerce
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Hypermarket & Supermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Introduction
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