“The phytocannabinoid market represents a growing market opportunity with a high level of consumer demand and a growing body of clinical data to support its complimentary use with omega-3 oils,” said Olav Sandnes, president of Marine Ingredients. “Our European source of hemp stock provides a compliant and stable supply chain of concentrated phytocannabinoids for our nutraceutical customers.”
Endocannabinoid system support is arguably the fastest growing segment within the health and wellness market. While the U.S. market for these products continues to see double digit growth year after year with analysts projecting revenue in the 3-billion-dollar range by 2021, the pace of brand owners entering this market has been slow.
“Our Customers have sought greater trade certainty, compliant ingredient claims and supply chain stability,” said Sandnes. “Phyto3 can deliver meaningful health claims witha supply chain that is both stable and regulatory compliant.”
Marine Ingredients believes that Phyto3 represents an opportunity for brand owners to market a dietary supplement that supports the endocannabinoid system while providing cognitive support claims and other omega-3 structure function claims. Marine Ingredients is confident that its superior quality KD-Pür omega 3 will help brand marketers bridge the gap between the well-known health benefits of Omega 3, and the emerging demand for endocannabinoid support.