China struggles see Blackmores’ profit drop 24% but sales surge in Vietnam and Indonesia
Australia’s biggest supplement firm Blackmores saw profits drop 24% over the last year, with struggling performance in China cited as the key factor.
However, the firm saw strong growth at home and in developing markets, with sales up 157% in Vietnam and 90% Indonesia.
As a result, net profit after tax (NPAT) nosedived by 24% yoy to $53m, while full year revenue grew by 1% to $610m, the firm said in its FY2019 financial report released today.
Watch: The sarcopenia challenge in APAC and its untapped functional beverage potential
AstaReal is seeking to tap into demand for products that protect against sarcopenia, with the astaxanthin firm hopeful that it will lead to significant opportunities in the functional beverage space.
The company’s Singapore president Dr Vincent Wood delivered a keynote presentation on the topic at our recent Healthy Ageing APAC Summit.
We caught up with him off-stage in this exclusive video to recap his top takeaways.
WATCH: Sports nutrition - three exclusive insights on APAC's protein powder market
APAC countries have some of the most expensive protein powders per serving, while Chinese consumers have the most positive perception of such products, according to new findings from Lumina Intelligence.
Lumina Intelligence is a market insights platform operated by William Reed, the publisher of NutraIngredients-Asia.
According to the report, protein powders are most commonly priced between US$0.60 and US$0.80 per serving. However, the pricing varies from region to region.
‘Retirement does not equal death’: Tips for health food and supplement firms to market products to seniors in Asia
Positive and targeted messaging is key for health food and supplement firms looking to market their products to elderly consumers, according to a communications expert.
Giving the last presentation at our recent Healthy Ageing APAC Summit 2019 in Singapore, Dave McCaughan, founder of Bibliosexual, told the audience that it is necessary to look at the elderly consumers in a different, but still positive way as times have changed.
“In the 1980s, retirement literally translated to waiting for death [but] the world has since changed. We do not have time to wait for death now."
Japanese teens and supplements: Males hot on sports nutrition, females target weight management
Japanese males aged between 15 and 18 taking supplements most commonly seek sports benefits, while girls seek weight loss products, according to a nationwide survey conducted by researchers at the National Institute of Health and Nutrition.
The study examined the differences in perceptions and usages of dietary supplements among so-called ‘active and passive users’.
They surveyed 1031 high school students (276 male, 755 female) between the ages of 15 to 18. Findings suggest 30.8% of males use dietary supplements compared to 26.7% in females.