Business
Cosmos Holdings to Launch Sky Premium Life Nutritional Supplements on Amazon in the United States
First commercial launch of the Company's nutraceutical products in the U.S. follows successful launches on Amazon in other key marketsCHICAGO, IL / ACCESSWIRE
About this update from Cosmos Health Inc.
[{"type":"text","content":"First commercial launch of the Company's nutraceutical products in the U.S. follows successful launches on Amazon in other key marketsCHICAGO, IL / ACCESSWIRE / June 2 , 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 in the United States. Cosmos expects to introduce fifteen Sky Premium Life SKUs in the third quarter of 2022, and targets having all 85 SKUs listed on Amazon by year end.According to Business Market Insights, the US nutraceutical market is expected to grow at a 7.1% CAGR and reach $138.0 billion by 2027. The rapid market expansion in the US is attributed to growth in health-conscious consumers. Moreover, Coherent Market Insights reports that more consumers are shifting focus from the treatment of diseases to daily preventive measures to reduce the onset of chronic and lifestyle-related disease.\"We are excited to announce the commercial launch of Sky Premium Life on Amazon in the United States,\" stated Greg Siokas, Chief Executive Officer of Cosmos Holdings. \"This is an important milestone as we accelerate our global roll-out strategy. Importantly, this launch follows the recent introduction of our Sky Premium Life products on Amazon in Canada, the U.K. and Singapore earlier this year. Based on our initial success in these markets, we are confident in the U.S. market potential. With health and wellness playing an increasingly important role in consumers' lives, we believe there is significant pent-up demand for high-quality nutraceutical supplements in the U.S. We look forward to launching our first products on the Amazon store in the third quarter of 2022 with the balance available by year end. International growth is a key objective of our overall strategy, as we continue to leverage our robust global logistics and distribution capabilities, while expanding our customer base worldwide.\"About Cosmos Holdings, Inc.Cosmos Holdings Inc. (Nasdaq:COSM) is an international pharmaceutical company, with a proprietary line of nutraceuticals and distributor of brande...