Manuka honey maker Comvita says annual revenue for FY24 is down by 12.7 per cent, citing economic slowdown in its largest market, China, as the main reason for the “disappointing” performance.
Bubs Australia, known for its goat milk formula, says its annual revenue has returned to growth on the back of efforts to diversify its business outside of China.
Formula giant Feihe’s half-year profit for FY24 is up 18.1 per cent on the back of increased marketing activities which is said to have acquired over 1.4 million new customers.
The interactions between phytonutrients and the gut microbiome are not to be neglected, as these could produce beneficial metabolites and positive health outcomes, says Amway’s principal scientist during our Growth Asia Summit 2024.
Australian firm EZZ Life Science Holdings Limited says net profit for FY24 is up 91 per cent, led by strong e-commerce demand for two of its products in China – nicotinamide mononucleotide (NMN) and a bone health supplement.
Thai juice heavyweight TipCo has cited the growth of wellness trends in the region as the main catalyst behind its recent beverage innovations and category investment decisions.
Health and Happiness Group (H&H Group) saw its net profit plummeted 49.7 per cent for the first six months of this year – a “challenging period” which it said was primarily due to a downturn and discounting in the infant milk formulas segment.
See new developments from health and nutrition brands across Asia-Pacific, including Youvit's three-pronged approach in cracking the Indonesian supplement market, Morinaga Milk's healthy ageing functional foods innovations, Korean red ginseng...
Affordable preventive nutrition is a growing trend in Asia, with the kids' supplement category serving as a strategic entry point to win over entire households, says supplements brand Youvit.
Qatari dairy firm Baladna has announced plans to double down on its new product innovation and international market expansion strategy, particularly in Algeria, after seeing a record growth in net profits over the first six months of 2024.
Life-Space’s former CEO and founder Craig Silbery is making a return to the human biotics space as he seeks to make Australia a world-class site for manufacturing probiotics and postbiotics, he told our Nutrachampion podcast.
Malaysia’s Medika Natura, which specialises in health supplements made using local botanical extracts, is expecting to sell its products in South Korea next July through an exclusive partnership with NS Home Shopping.
Ayurvedic healthcare brand Himalaya Wellness believes that botanical solutions are crucial to helping women with common health issues faced during pregnancy, menstruation, menopause and more.
South Korea’s health functional food brand Jung Kwan Jang recently launched its flagship ginseng products in major health and beauty stores in Malaysia, which has been identified as one of the firm’s key markets in ASEAN.
America’s obesity epidemic is raging on, and many are finding success in GLP-1 medications. While the meds solve one problem, users are finding that it is creating another.
Experts at the Nestle Health Sciences Institute believe that it is critical to develop personalised health strategies and products targeted to each life stage in order to ensure the best possible healthy ageing outcomes in Asia.
China Nutrition and Health Food Association (CNHFA) has drafted a set of industry standards to measure nicotinamide mononucleotide (NMN) amounts in health supplements.
The founder of Australia-based JSHealth Vitamins, which is expanding across Asia, says beauty-from-within success has to start by targeting the gut, and predicts that microbiome-focused innovations will continue to grow in popularity.
Powerade grew an impressive 12% in Australia over the last year. As a result, Coca-Cola Europacific Partners is ramping up production capabilities for the sports drink with its largest ever investment in Australian manufacturing.
China dietary supplement giant BYHEALTH's revenue in the first half of 2024 fell nearly 18 per cent, which it said was mainly due to the changing consumption landscape and stiff market competition.
New Zealand dairy giant Fonterra is looking to further explore innovation opportunities for protein and phospholipids targeted at addressing mobility concerns, including muscle and joint health, amid “massive” ageing populations in Asia-Pacific.
Indian nutraceutical start-up ReNewtra is adopting front-of-pack labelling, as consumer awareness of product transparency is at an all-time high following recent slews of food safety issues.
Calcium absorption benefits are resonating strongly with China consumers and this has been a key revenue driver for Haleon’s bone health supplement business in the first half of 2024.
Chinese dairy brand Shiny Meadow has launched an upgraded version of its fresh milk product, which contains higher protein and calcium content, to meet evolving consumer needs.
Danone is doubling down on its specialised nutrition offerings, including infant formula and Foods for Special Medical Purposes (FSMP) for China, a market which it said has delivered “stellar performance” for the first half of 2024.
Abbott India says it aims to transform its multi-specialty range, including vitamin D and micronutrient supplements designed for thyroid patients into “big brands” by strengthening its product pipeline.
Morinaga Milk Industry zeroed in on the weight management efficacies of Bifidobacterium breve B-3 (B. breve B-3) probiotic strain, and its potential for preventing age-related metabolic issues, at the Growth Asia Summit 2024.
Consumers do not necessarily actively look for science-backed research when purchasing nutritional products, but they tend to trust that brands would do their due diligence and are the gatekeepers of the science and quality of their products.
Singapore nutraceutical start-up NanoSG is honing up its AI avatar and online tools, as consumers are relying more on data and information to guide their purchase decision.
Kobayashi Pharmaceutical is appointing a new CEO, while the outgoing chief will return half of his six months remuneration in the aftermath of the firm’s red yeast rice scandal.
Mental wellbeing is one of the key trends driving the kids supplement industry as consumers move towards targeted formulations for children’s needs, says child-focused brand I’m Nutrients.
Nestle China is expanding its range of products containing white mulberry leaf extract clinically shown to reduce postprandial blood sugar increase, with its latest launch a no-sugar Oolong tea.
Mead Johnson Nutrition parent Reckitt Benckiser saw its shares slip to their lowest level in a decade after news of a bruising Abbott Laboratories verdict rolled in.
Singapore firm Advagen is expanding into China with the upcoming launch of a postbiotic supplement – a white space in which the company is seeing growth opportunities.
China’s Mengniu Dairy is conducting more human clinical studies on Lacticaseibacillus paracasei PC-01 – its proprietary probiotic strain used in its Yoyi C yogurt range.
See new developments from health and nutrition brands across Asia-Pacific, including how Amway is focusing more on longevity and gut health solutions, NYO3’s krill oil innovation strategy for China, reishi specialist GanoHerb’s expansion plans and more.
Amway is paying more attention to longevity, health span, and gut microbiome as it expands the range of products and solutions for its flagship brand Nutrilite.
Chinese firm GanoHerb has identified untapped opportunities in the Middle Eastern market, where awareness and availability of ganoderma products are relatively scant.
Singapore-based tea company Pétale Tea is capitalising on the booming self-care trend by creating a range of Wellness Teas targeting areas including sleep and beauty-from-within.
Infinite Future, a new health supplement brand from Hong Kong, has debuted with a six-in-one liver health product and five other products that are similarly based on the “less is more” concept.
Beverage giant PepsiCo believes there is enormous potential to develop a broad and varied portfolio of active hydration beverages for consumers in the APAC market, based on the wide spectrum of active lifestyle needs in the region.
Japanese tea company ITO EN is gearing up to set foot into the Indian market for the first time with its flagship ready-to-drink green tea brand Oi Ocha.
Singapore start-up Nyva is aiming to broaden sales channels of its AlcoBlock anti-hangover gummies, including convenience stores, while setting sights on expansion to markets like the US and Australia.
