Global Diversified Marketing Group Expands its Business into High Growth Nutraceutical Supplements Category with Preparations to Launch in Fourth Quarter

Rhea-AI Summary

Global Diversified Marketing Group Inc (OTC: GDMK) is entering the rapidly growing nutraceutical supplements market, with plans to launch products in Q4 2021. This strategic move aims to diversify its offerings and tap into the increasing consumer demand for health-enhancing foods. The global nutraceutical market is valued at approximately $117 billion, with significant growth potential in personalized products. CEO Paul Adler emphasized this expansion as a vital opportunity for the company, highlighting the rise of health-conscious consumers seeking nutritional solutions.

Positive

• Entry into a growing nutraceutical market, indicating potential for revenue growth.
• Nutraceutical sector valued at $117 billion, suggesting a lucrative opportunity.
• Plans to launch new products in Q4 2021, aligning with health and wellness trends.

Negative

• None.

Global Diversified Marketing Group’s entrance into nutraceutical supplements category represents opportunity to reach a larger consumer base interested in health and wellness benefits

ISLAND PARK, N.Y., Sept. 15, 2021 (GLOBE NEWSWIRE) -- Global Diversified Marketing Group Inc (OTC: GDMK) announces it is entering the high growth nutraceutical supplements category and preparing for a launch in Q4 of this year. This new expansion of our product lines holds the potential to attract and serve a wider customer base interested in optimizing health and wellness through high quality, nutrient rich food choices.

Nutraceuticals are foods which provide health benefits in addition to their basic nutritional value. The nutraceutical industry represents a strongly emerging and evolving marketing field that offers opportunities to merge scientific discovery with a growing consumer demand for health-enhancing foods. Nutraceuticals are also of interest as a way to reduce expensive disease treatment approaches in healthcare. The nutraceutical industry currently encompasses three main segments which include functional foods, dietary supplements, and herbal/natural products.

The global nutraceutical market today has an estimated value of $117 billion USD. The development of more personalized and customizable products has recently gained high popularity. Some of the strategies within the nutraceutical industry involve finding new innovative approaches, verifying health claims of the products and ongoing market research. Consumers are looking to follow healthy lifestyles and obtain key nutrition to help control serious diseases such as diabetes, high blood pressure and also obesity. The United States, European Union and India are currently the largest nutraceuticals markets in the world.

Paul Adler, President & CEO of Global Diversified Marketing Group, stated: “Entering the high growth nutraceutical market is an exciting step for our company by diversifying our business and represents an opportunity to deliver a new product line that is in great and growing demand. We are making all preparations now and look forward to offering the first of the GDMK nutraceutical products in the fourth quarter of 2021. Stay tuned for more updates.”

About Global Diversified Marketing Group

Headquartered in Island Park, NY - Global Diversified Marketing Group Inc operates as a global multi-line consumer packaged goods (CPG) company with branded product lines and is a food and snack manufacturer, Importer & distributor through its subsidiary in the United States, Canada and Europe. The company operates in the snacks market segment. The snacks segment offers Italian Wafers, Italian filled croissants, French Madeleines, Wafer Pralines, shelf stable Macarons and other gourmet snacks. The company sells its products direct and through various distribution channels comprising specialty, grocery retailers, food-service distributors, DSD as well as vending, pantry and micro market segment.

Safe Harbor Statement

Certain statements in this announcement are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, many of which, by their nature, are inherently uncertain and outside of the Company's control and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements.

These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, information concerning the ability of the Company to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. Those assumptions and factors are based on information currently available to the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability of the Company to develop the Company's brand and meet its growth objectives, the ability of the Company to complete acquisitions that are accretive to the Company's revenue, the ability of the Company to obtain and/or maintain licenses to operate in the jurisdictions in which it operates or in which it expects or plans to operate. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking statements and forward-looking information. The forward-looking information contained in this release is made as of the date hereof and the Company assumes no obligation to update or revise any forward-looking statements or forward-looking information that are incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

The foregoing statements expressly qualify any forward-looking information contained herein. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

Contact:

Global Diversified Marketing Group Inc

Paul Adler, Chairman, President & CEO

800-550-5996

paul@gdmginc.com 

FAQ

What is the significance of GDMK's entry into the nutraceutical market?

GDMK's entry into the nutraceutical market represents a strategic diversification aimed at capturing a share of a $117 billion industry with rising consumer demand for health products.

When does GDMK plan to launch its nutraceutical products?

GDMK plans to launch its nutraceutical products in the fourth quarter of 2021.

What market trends are influencing GDMK's expansion into nutraceuticals?

The growing consumer interest in health and wellness, along with the demand for personalized and nutrient-rich products, are key trends driving GDMK's expansion into the nutraceutical sector.

How does the global nutraceutical market's size affect GDMK?

With the global nutraceutical market valued at approximately $117 billion, GDMK's entry positions it to potentially benefit from this lucrative and expanding market.