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  • Published On : Nov 2022
  • Code : CMI5359
  • Industry : Pharmaceutical
  • Pages : 156
  • Formats :

Omega-3 fatty acid is major component of fat that the body uses for energy and tissue growth. Omega-3 fatty acids are essential fatty acids in human nutrition. They are found in fish oils, certain vegetable oils, and nut oils. Omega-3 fatty acids are important constituents of the membranes that surround all cells in the body. DHA levels (docosahexaenoic acid) are particularly high in the retina (eye), brain, and sperm cells. Omega-3 fatty acids also provide calories to fuel the body and perform many functions such as reducing the risk of irregular heartbeat, reducing the fat level in blood in the heart, blood vessels, lungs, immune system, and endocrine system.

Global omega-3 gummies market is estimated to be valued at US$ 528.8 million in 2022 and is expected to exhibit a CAGR of 7.1% during the forecast period (2022-2030).

Figure 1. Global Omega-3 Gummies Market Share (%), by Age Group, 2022

Omega-3 Gummies  | Coherent Market Insights

Global Omega-3 Gummies Market- Driver

Omega-3 gummies supplements are utilized for treatment of cardiovascular disease. Cardiovascular disease is a group of heart and blood vessel diseases and includes coronary heart disease, cerebrovascular disease, and rheumatic heart disease. Thus the increasing prevalence of cardiovascular disease is expected to drive the market growth over the forecast period. For instance, in June 2021, according to World Health Organization data, 17.9 million people die worldwide each year due to cardiovascular disease.

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Omega-3 Gummies Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 528.8 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 7.1% 2030 Value Projection: US$ 914.6 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Source: Fish, Nuts and seeds, Plant oils, Others
  • By Age Group: Kids, Adults
  • By Application: Brain Support, Heart Health, Liver Support, Immune Support, Digestive Support, Others
  • By Distribution Channel: Pharmacies, E-commerce, Hypermarkets & Supermarkets, Others
Companies covered:

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.

Growth Drivers:
  • Increasing prevalence of cardiovascular disease
  • Increasing  acquisition  and collaboration between key players in the market
Restraints & Challenges:
  • Presence of substitutes
  • Manufacturing challenges in production such as variability in heat stability

Figure 2. Global Omega-3 Gummies Market Share (%), by Region, 2022

Omega-3 Gummies  | Coherent Market Insights

The key players in market are adopting inorganic strategies such as acquisition for product expansion, which is expected to drive growth of market over the forecast period. For instance, in November, 2020, Unilever, a multinational consumer goods company, acquired SmartyPants Vitamins. SmartyPants Vitamins is a nutritional supplement industry, involved in the development and manufacture of multifunctional nutritional supplements such as dietary supplements. This acquisition will help Unilever to expand its product portfolio

Global Omega-3 Gummies Market– Impact of Coronavirus (COVID-19) Pandemic

The rapid international spread of severe acute respiratory syndrome coronavirus, the cause of coronavirus disease 2019 (COVID-19), had created a global public health emergency in 2020. Till October 3, 2022, there were 615,310,890 confirmed cases of COVID-19, of which 6,524,568 had died.

The COVID-19 impact created opportunity in the global omega-3 gummies market, due to its various applications such as omega-3 fatty acids are known to produce less pro-inflammatory cytokines, so increasing dietary or supplemental intake of omega-3 fatty acids may reduce viral entry, improve immune function, and may reduce the risk of COVID-19 pandemic. Thus increased number of COVID-19 patients and increased demand for omega-3 supplements due to COVID-19 pandemic can be expected to drive the omega-3 gummies market.

However, the COVID-19 pandemic and lockdown caused a disruption in supply chains and transportation of raw materials and drugs, that can cause the shortage of raw material for production of omega-3 gummies.

Global Omega-3 Gummies Market: Key Developments

In July 2022, the Nature Sure, a company known for its hair oils, massage oils, face oils and natural supplements, launched chewable health gummies. These gummies are fortified with powerful ingredients such as curcumin, omega-3, blueberry, elderberry, pomegranate, apple cider vinegar, biotin, inositol, zeaxanthin, astaxanthin, lutein, folic acid, and zinc.

In July 2022, Neptune Wellness Solutions Inc., a diversified, fully integrated health and Wellness Company, launched a new plant-based, forest remedy with multi-omega 3-6-9 gummies and soft gels. Forest Remedies were new multi-omega gummies and soft gels made with Ahi flower seed oil instead of fish oil.

Global Omega-3 Gummies Market: Restraint

The major factors that can hamper growth of the global omega-3 gummies market include presence of substitutes and alternatives such as omega-3 capsules, tablets, and suspension and manufacturing challenges in production of omega-3 gummies. For instance, omega-3 manufacturing challenges include variability in heat stability, rancidity causing oxidation during manufacturing, and extraction of materials from main source such as fish.

 Global Omega-3 Gummies Market: Key Players

Major players operating in the global omega-3 gummies market 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.

Omega-3 fatty acids are a type of fat that cannot be produced by the body. Fish is the best dietary source of omega-3 fatty acids. Some plants also contain omega-3 fatty acids. There are two types of omega-3 fatty acids found in fish, eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). The form of omega-3 found in plants is called alpha-linolenic acid (ALA).

Omega-3 and omega-6 play important roles in the synthesis of various inflammatory mediators such as prostaglandins (PG), leukotrienes (LT), thromboxanes (TX), protectins and resolvins. Omega-3 fatty acids are known to produce less pro-inflammatory cytokines, so increasing dietary or supplemental intake of omega-3 fatty acids may reduce viral entry and improve immune function.

Market Dynamics

Major factors driving growth of the global omega-3 gummies market include rising prevalence of cardiovascular disease, increasing product launch by key players in the market such as omega-3 chewable gummies and dietary supplements. Thus, increasing product launches are expected to drive growth of the global omega-3 gummies market over the forecast period. For instance, in September 2022, Kori Krill, a company delivering omega-3 in their natural forms to support health, launched the first krill oil gummy to provide omega-3 fatty acids in their most natural phospholipid form. This multi-benefit omega-3 supplement supports heart, brain, joint, eyes, skin and immune system health and comes in a variety of flavors such as orange, strawberry.

The major factor that can drive growth of the global omega-3 gummies market includes product launch by key players in the market. For instance, in December 2020, Solarvest BioEnergy Inc., a company producing numerous products from omega-3 fatty acids, launched first organic DHA (docosahexaenoic acid) omega-3 fruits gummy drops for children. These organic gummies contain omega-3 DHA powder, the omega-3 DHA powder is sustainable, plant-based ingredient made for organic, vegetarian, and vegan consumers.

Key features of the study:

  • This report provides in-depth analysis of the global omega-3 gummies market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global omega-3 gummies market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study 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
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global omega-3 gummies market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global omega-3 gummies market

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
  • Global Omega-3 Gummies Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Nature's Way Products, LLC
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • 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
    • com
    • Nutrifactor Laboratories (Pvt) Limited

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global omega-3 gummies market size is estimated to be valued at US$ 528.8 million in 2022 and is expected to exhibit a CAGR of 7.1% between 2022 and 2030.
Factors such as increasing prevalence of cardiovascular disease and increasing adoption of inorganic strategies such as acquisition by key players for product expansion are expected to drive the market.
Fish is the leading source segment in the market.
The major factors hampering growth of the market are presence of substitutes and alternatives and manufacturing challenges in production of omega-3 gummies.
Major players operating in the market 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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