From Kirin's announcing its plans to acquire Blackmores to the financial results of Bayer, Suntory, and Danone, here are the most-read stories in May 2023.
Kirin’s is expected to double down on Blackmores’ R&D capabilities and new product development in the wake of its $1.2bn deal, according to exclusive insights from the Japanese giant and industry experts.
South Korean probiotics firm, AceBiome, popular for its weight management probiotic BNRThin, is adding joint health as one of its core business focuses amid an ageing society.
The Australian nutraceutical market is poised for growth, especially in the areas of mental health and sleep aid products, while consumers are preferring big value-packs and increasing their basket sizes, according to Blackmores, Swisse, and Herbs of Gold.
Bayer, the company behind supplement brands Redoxon and Berocca, reported a 'significant decline' in its nutritionals category in APAC and other major markets, but the CEO is still confident that sales would 'return to healthy growth' for the full year.
Swisse has opened a product development kitchen in its effort to drive innovations across new functional food formats, ingredients, packaging, and sensorial experience.
A prebiotic being used by pharma giant Bayer has 'game-changing potential' due to its ability to negate common side effects, claims supplier NutriLeads, which is reporting growth in key APAC markets.
Hair, skin, and nail supplements is a staple for women's nutraceuticals but companies are seeing opportunities to target specifically on hair loss concerns with more specialised products entering into the market.
Fonterra has launched a probiotic powdered drink in Singapore, and is looking to scale up SEA distribution to cover the 'growing middle class' in Indonesia, Malaysia, and Thailand.
China, North Asia, and Oceania contributed the highest sales growth for Danone at 16 per cent in the first quarter of year 2023, led by increased purchases of its key products, including infant nutrition and adult specialties.
Suntory Beverage & Food, the company behind health supplement product Brand's Essence of Chicken, has reported a decline in its health supplement business in Asia-Pacific (APAC) as a result of inflation during Q1 this year.
