First commercial launch of nutraceutical products in North American Market
CHICAGO, IL / ACCESSWIRE / May 5, 2022 / Cosmos Holdings, Inc. ("the Company") (Nasdaq:COSM), an international pharmaceutical company with a proprietary line of nutraceuticals and distributor of branded and generic pharmaceuticals, nutraceuticals, OTC medications and medical devices, today announced that the Company's subsidiary, SkyPharm S.A., a pharmaceutical wholesaler and distributor, is launching Sky Premium Life products on Amazon Canada. Cosmos expects to have 22 Sky Premium Life SKUs launched in the second quarter of 2022, and targets having all 85 SKUs listed on Amazon Canada by year end.
According to Market Data Forecast, the North American nutraceutical market was valued at $88.3 billion in 2021 and is expected to reach $118.73 billion by 2026. The market growth in North America is attributed to increasing consumer awareness regarding health and food habits. Additionally, the COVID-19 pandemic has led to a surge in demand for a variety of supplements in the North American market. Within the dietary supplement market, herbal remedies, vitamins, and minerals are all expected to experience strong growth.
"The launch of Sky Premium Life on Amazon Canada marks a key step in the roll-out of our North American e-commerce and online distribution strategy," stated Greg Siokas, Chief Executive Officer of Cosmos Holdings. "The North American market represents a significant and untapped growth opportunity, providing an entirely new audience for our proprietary Sky Premium Life brand, which has been well received across Europe. Our goal is to launch all 85 SKUs of our proprietary Sky Premium Life Brand on Amazon Canada by the end of the year. At the same time, we look forward to launching our high-quality nutraceutical products into other new international markets this year, by leveraging our robust global logistics and distribution capabilities."
About Cosmos Holdings, Inc.
Cosmos Holdings Inc. (Nasdaq:COSM) is an international pharmaceutical company, with a proprietary line of nutraceuticals and distributor of branded and generic pharmaceuticals, nutraceuticals, OTC medications and medical devices through an extensive, established EU distribution network. The Company identifies, acquires, develops and commercializes products that improve patients' lives and outcomes. Cosmos has developed a global distribution platform and is currently expanding throughout Europe, Asia and North America. Cosmos Holdings has offices and distribution centers in Thessaloniki, Greece, Athens, Greece and Harlow, UK. More information is available at www.cosmosholdingsinc.com and www.skypremiumlife.com.
Forward-Looking Statements
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SOURCE: Cosmos Holdings, Inc.