OMEGA-3 PRODUCTS MARKET ANALYSIS
Global Omega-3 Products Market: Key Developments
In October 2021, Nestle announced its plans to add plant-based eggs and shrimp to the menu to tap into vegan growth. The egg substitute, branded Garden Gourmet vEGGie in Europe, contains soy protein and omega-3 fatty acids. It could be scrambled or used in a frittata or as an ingredient in cakes and cookies.
In December 2020, Nestle Omega Plus® ready-to-drink UHT introduced a new dark chocolate variant to its popular plain milk drink, which contains ActiCol®, a plant sterol that is proven effective to lower cholesterol by blocking it from entering the bloodstream.
In May 2021, Unilever acquired Wellness Supplements Firm Onnit, an Austin, TX-based supplement supplier that supports mental performance, emotional wellness, and physical fitness. Onnit perfectly complements the company’s growing portfolio of innovative wellness and supplement brands.
In December 2020, Unilever announced the acquisition of SmartyPants Inc., a producer of premium multi-vitamins, from Morgan Stanley Expansion Capital. SmartyPants Vitamins complements Unilever’s portfolio of brands (Horlicks, OLLY, Equilibraand Liquid IV) in the functional nutrition and supplement segment.
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