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.
Australia’s goat infant formula specialist Nuchev is branching into the complementary medicines sector with the acquisition of bWellness – a distributor of European supplement brands and its own branded products.
Chinese authorities have proposed stricter protein requirements for milk and formulated milk powder products designed for children, adults, and the elderly.
Bubs Australia is hoping to expand its presence in China via the general trade route through the introduction of its first China-label goat milk infant formula.
New Zealand is ploughing in cash to boost its goat milk formula industry by funding research to assess the impact on healthy ageing, from digestive to muscle health, and overall nutritional status.
Ingredient supplier Ausnutria Dairy Ingredients, based in Ommen in The Netherlands, has updated its goat milk ingredients brand CBM as part of a complete overhaul.
The rate of growth for Ausnutria’s Goat milk brand Kabrita slowed significantly in China throughout 2020, with the firm citing reduced promotion and marketing activity due to the COVID-19 pandemic.
Cow and goat-based infant formulas were found to impact the gut microbial activity and exert beneficial bifidogenic effects similar to human milk, despite the absence of oligosaccharides.
Australia's goat milk specialist Nuchev says that the increasing number of goat milk brands competing in China - one of its key markets post-IPO - will benefit instead of posing a threat to its business.
Australian goat milk infant formula firm Nuchev has signed a deal with domestic supermarket chain Coles, whereby it will launch its Oli6 range of formula products in 300 Coles outlets and on the Coles website in June.
A supply agreement with Fonterra will see Bubs Australia venture into the cow's milk infant formula space, though the firm has stressed that it will continue to innovate across its core range of goat's milk products.
Australian firm Nuchev has introduced two additions to its Oli6 brand of goat milk products to meet increasing demand in both the child nutrition and senior health markets.
A new $40m-a-year scheme to grow New Zealand's food and fibre sectors sustainably has been unveiled by agriculture minister Damien O’Connor, who said the nation needed to move from 'volume to value'.