Today, Olly’s portfolio of gummies includes omega-3, energy, sleep, and probiotic. We wanted to go into all of these other spaces.” “Up until that time it was really just multi, and maybe fiber. “But what we had to do early on is push our manufacturing partners to really innovate,” he added. “When I came across the form early-on it piqued my interest. “The reason why we really leaned in to the gummy side of things is I’m one of those guys that really hate taking pills,” Harrington said. The space that the two wanted to carve out was in creating an ‘inspiring brand’ within the gummy supplement category.
Harrington was the chief marketing officer of nutrition company Shaklee, bringing in health and wellness savvy to the Olly duo. Harrington brought industry know-how when he started Olly with Eric Ryan, who has a background in non-food CPG when he founded the now-ubiquitous cleaning products company Method. “At this point, we’re one of the fastest growing CPG companies in the country.” What is Olly doing differently?
“Our growth has been exceptional as you can imagine by looking at the door count,” Harrington said, declining to mention and specific numbers as Olly is a private company. As The New York Times reported, citing IBISWorld data, gummy products overall now account for $1 billion of the $41 billion supplement market in the US in 2016, a more than 25% jump in sales since 2015. Olly came right in time to jump on the gummy bandwagon. “You turn on a machine-you spit a lot of gummies, so we started off with a large national footprint to get our foot in the door, and Target is that partner.” “The thing about the gummy business in particular is you have to have enough scale, just given the manufacturing parameters,” Brad Harrington, CEO and co-founder of Olly, told NutraIngredients-USA. The gut-brain axis: Psychobiotic opportunity in 25 countries.Uncovering white spaces – Probiotics for a smooth menopause transition.Uncovering White Spaces – Probiotics for Pets.POSTbiotics – New Tools in Microbiome Modulation.
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