Global Omega-3 Gummies Market by Source (Fish, Nut and Seeds, Plant Oil and Others), by Age Group (Children and Adults), by Application (Brain Support, Heart Health, Liver Support, Immune Support, Digestive Support and Others ), by Distribution Channel (Pharmacies, E-Commerce, Hypermarket & Supermarket and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) 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), as highlighted in a new report published by Coherent Market Insights.
Global omega-3 gummies market is expected to gain significant traction, owing to omega-3 gummy product launches by key players in market. For instance, in May 2021, Hollista CollTech Ltd., a biotechnology company launched new sugar-free omega-3 gummies containing eight phospholipids which were important for child growth.
Global Omega-3 Gummies Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) that first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as ‘coronavirus disease 2019,’ or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and health of people of every country in the world.
The COVID-19 had positive impact on the omega-3 gummies market, due to its application in COVID-19 pandemic such as omega-3 gummies reduced the risk of infection. For instance, according to an article published by National Library of Medicine, in April 2022, the intake of omega-3 supplements reduced the risk of COVID-19 infection. Omega-3 supplements inhibit the synthesis of pro inhibitory cytokines that helps to reduce risk of COVID-19 infection.
Global Omega-3 Gummies Market: Key Developments
In July 2021, Grove, Inc., a company developing, producing, marketing and selling raw material such as plant extract, launched Qubes Plant-Based Vitamin Gummy Brand, these gummies were free of preservatives, chemicals, corn syrup, allergens, artificial ingredients, artificial sweeteners, flavors and colors.
Browse 27 Market Data Tables and 31 Figures spread through 156 Pages and in-depth TOC on “Global Omega-3 Gummies Market”- Forecast to 2030, by Source (Fish, Nut and Seeds, Plant Oil and Others), by Age Group (Children and Adults), by Application (Brain Support, Heart Health, Liver Support, Immune Support, Digestive Support and Others), by Distribution Channel (Pharmacies, E-Commerce, Hypermarket & Supermarket and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Key Takeaways of the Global Omega-3 Gummies Market:
- Global omega-3 gummies market is expected to exhibit a CAGR of 7.1% during the forecast period due to the increase in research and development activity for omega-3 gummies production by key players in market. For instance, in March 2022, according to an article published by Russell publishing, the plant-based version can be used as an alternative source of fish for developing omega-3 products.
- Among distribution channel, the pharmacies segment is estimated to hold a dominant position in the global omega-3 gummies market over the forecast period, owing to increasing number of pharmacies. For instance, in September 2022, according to an article published by IBIS World, a company providing research collection datathere were 28,738 pharmacies and drug stores in the U.S., as of 2022, a 1.7% from 2021.
- On the basis of region, North America is estimated to account for the largest market share in the global omega-3 gummies market over the forecast period, owing to increasing adoption of inorganic strategies by the key players in the region such as agreements and collaborations. For instance, in August, 2021, Catalent Inc., a health product manufacturing company announced acquisition of Bettera Holdings, LLC, parent company of Bettera Brand LLC. This acquisition will help Catalent Inc. to expand its product portfolio.
- Major players operating in the global omega-3 gummies market includes 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