Growing profits: Four key categories for growth highlighted by Australia’s thriving nutritional supplements sector
Complementary Medicines Australia (CMA) has identified four areas of health, namely immunity, natural beauty, healthy aging and animal health, as categories for growth opportunities.
As export destinations, the United Arab Emirates and the United Kingdom were highlighted as potential growth markets.
“We are seeing growth in the areas of immunity and natural beauty as we begin to recover from COVID-19. Consumer sentiment points to greater focus and interest in immunity products, and the beauty category is seeing a resurgence,”Carl Gibson, CEO of CMA, responded to inquiries from NutraIngredients-Asia.
Grab the spray: Why oral spray vitamins are gaining traction in APAC – WATCH
Beyond the novelty factor, oral spray vitamin and mineral supplements are gaining interest in Asia Pacific markets because of their convenience and effectiveness, according to two pioneering companies in the category.
The two companies featured in this episode of Nutrition Asia were BetterYou from the UK and SpectraSpray from the US.
Currently, BetterYou’s vitamin and mineral spray products are available in APAC markets such as South Korea, Hong Kong and Singapore, while SpectraSpray is working with distributor Rainbow Care in Singapore.
Profit Decline: Gross margins collapse for major Chinese infant formula makers in the first six months of 2022
Major players in China’s infant nutrition industry have reported a decline in their gross profit margins in the first six months of this year, including the largest local player Feihe, as well as Health and Happiness Group (H&H Group) and Ausnutria.
The three companies, all listed on the Hong Kong Stock Exchange (HKEX), have pointed this out in their latest financial reports for the first six months of this year.
Some of the reasons are a drop in product sales and rising material costs.
COVID-19 Concern: Academic uneasiness among nearly one in 10 Japanese who take supplements as a preventative measure
A new study from Japan shows that 8.3 percent of respondents have used dietary supplements to prevent COVID-19 infection.
Popular alternatives included vitamin C at 61 percent, vitamin D at 34.9 percent, and nutrient-free ingredients like probiotics at 33.4 percent. Other popular ingredients include zinc, catechin, and cannabidiol (CBD).
Most of the respondents who took the supplements were previously diagnosed with COVID-19.
Fonterra looks to booming wellbeing and medical nutrition markets in China with new portfolio, SEA
Wellbeing and medical nutrition are booming in China and Southeast Asia (SEA), says New Zealand-based dairy giant Fonterra, which has launched a new portfolio aimed at meeting those needs.
The business-to-business brand known as Nutiani focuses on the areas of physical, inner and mental well-being, which Fonterra says is growing at 6 percent annually and is valued at $66 billion, citing statistics from Euromonitor .
Within Asia Pacific, the company sees the greatest opportunities for Nutiani in China and Southeast Asia, said Komal Mistry-Mehta, Chief Innovation and Brand Officer.