Artificial Intelligence
Omega-3 Gummies Market to Surpass US$ 914.6 Million by 2030, Says Coherent Market Insights (CMI)
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Burlingame, March 01, 2023 (GLOBE NEWSWIRE) — According to Coherent Market Insights, 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).
Key Trends and Analysis of the Global Omega-3 Gummies Market:
Major players operating in market are focusing on new product launch activities for developing advanced omega-3 gummies. For instance, in July 2022 Kiddoze, a nutrition-based company, launched nutrition based gummies for kids in India. This gummies were available in three types such as multivitamin gummies, omega-3 gummies and calcium-rich gummies.
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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: |
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| 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: |
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| Restraints & Challenges: |
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Key Market Takeaways:
Global omega-3 gummies market is expected to exhibit a CAGR of 7.1% during the forecast period due to the increasing prevalence of cardiovascular disease. For instance, in December 2020, according to the data provided by American College of Cardiology, The global incidence of cardiovascular disease nearly doubled from 271 million to 523 million, and 12.1 million in 1990 to 18.6 million in 2019 were died by cardiovascular disease.
Among source, the fish segment is expected to dominate the segment growth over the forecast period. The major omega-3 fatty acids are derived from fish source, which are utilized for omega-3 gummies production. For instance, Kayos fish oil gummies, Nature Made fish oil gummies, and Coromega omega-3 fruit gummies are derived from fish source.
On the basis of application, the heart health segment is expected to dominate the segment growth over the forecast period, owing to increasing application of omega-3 gummies for cardiovascular disease treatment. For instance, in July 2022, according to the article published by Centers for Disease Control and Prevention (CDC), Coronary artery disease is the most common type of heart disease, in U.S., of which 382,820 people died in 2020.
Competitive Landscape:
Key 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
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Market 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
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country:
- Europe
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country
- Asia Pacific
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Country:
- Africa
- By Country
- South Africa
- Central Africa
- North Africa
- By Country
- North America
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
