Omega-3 Gummies Market
Due to the introduction of new omega-3 gummy products by major market participants, the global market for omega-3 gummies is anticipated to experience substantial growth. For instance, in May 2021, the biotechnology company Hollista CollTech Ltd. introduced new sugar-free omega-3 gummies that had eight phospholipids that were crucial for a child’s growth.
Impact
The severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) infection that initially surfaced in Wuhan (province of Hubei, China) in the final months of 2019 has been dubbed “coronavirus disease 2019,” or COVID-19, by the World Health Organization (WHO). This virus spread swiftly and had a detrimental effect on everyone’s health, social interactions, and economic conditions in every nation on earth.
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Due to its use in the COVID-19 pandemic, such as how omega-3 gummies reduced the chance of infection, the COVID-19 had a favourable impact on the market for omega-3 gummies. For instance, taking omega-3 supplements decreased the chance of COVID-19 infection, according to a National Library of Medicine report from April 2022. The creation of pro-inhibitory cytokines is inhibited by omega-3 supplementation, which lowers the probability of COVID-19 infection.
Key Developments
The Qubes Plant-Based Vitamin Gummy Brand was introduced in July 2021 by Grove, Inc., a company that develops, produces, markets, and sells raw materials like plant extract. These gummies were free of preservatives, chemicals, corn syrup, allergens, artificial ingredients, artificial sweeteners, flavours, and colours.
Key Takeaways
Due to an increase in research & development effort for the manufacturing of omega-3 gummies by key players in the industry, the global market for omega-3 gummies is anticipated to see a CAGR of 7.1% during the projected period. For instance, the plant-based version can be utilised as a substitute for fish for the development of omega-3 goods, according to a March 2022 article from Russell Publishing.
Due to the rising number of pharmacies, the pharmacies distribution channel is anticipated to have a significant position in the worldwide omega-3 gummies market over the forecast period. For instance, in September 2022, there were 28,738 pharmacies and drug stores in the United States, as of 2022, according to an article released by IBIS World, a corporation providing research collected data.
Due to the rising use of inorganic methods by the major players in the area, such as partnerships and collaborations, North America is anticipated to hold the highest market share in the global omega-3 gummies market over the forecast period. For instance, in August 2021, the parent company of Bettera Brand LLC, Bettera Holdings, LLC, was announced to be acquired by Catalent Inc., a manufacturer of health products. The expansion of Catalent Inc.’s product line will be made possible by this acquisition.
MOSAIC WELLNESS, Nature’s Way Products,LLC, Makers Nutritions, Renew Life, Lexicare Pharma Pvt. Ltd., Rainbow Light, Radius Healthcare Pvt. Ltd., Jamieson, Ernest Jackson & Company Ltd, Nordiac Naturals, Nutra Solutions USA, Rexall Sundown, Inc., and Unilever, SmartyPants Vitamins are some of the major companies competing in the global omega-3 gummies market.
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Detailed Segmentation:
Global Omega-3 Gummies Market, By Source:
- Fish
- Nuts and seeds
- Plant oils
- Others
Global Omega-3 Gummies Market, By Age Group:
- Children
- Adults
Global Omega-3 Gummies Market, By Application:
- Brain Support
- Heart Health
- Liver Support
- Immune Support
- Others
Global Omega-3 Gummies Market by Distribution Channel:
- Pharmacies
- E-commerce
- Hypermarkets & Supermarkets
- Others
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
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