Daewoong Pharmaceutical pushes ahead with Daiso launch to boost access to ‘affordable’ supplements
South Korea’s Daewoong Pharmaceutical is one of the companies that is continuing the sale of low-cost health functional foods in budget retail chain Daiso, despite purported pressure from the wider pharmacy sector against companies that are doing so.
Daewoong Pharmaceutical has been selling 26 products under the Dr.Bear brand across 200 Daiso Korea stores since February 24 as part of its aims in providing affordable supplement products.
The products cost about KRW3,000 to 5,000 (USD2 to 3.50) per month - about seven times cheaper than the existing market rate of KRW20,000 to 30,000 (USD14 to 21).
Re:erth’s new innovations emphasise maximum benefits for value-conscious consumers
Singapore’s Re-erth has launched two new products that pack in more benefits in hopes of giving consumers more bang for their buck.
The company notices that consumers willingness and triggers to spend on skin care has changed - especially since they have easy access to quality products at a discounted prices in online and offline marketplaces.
This has influenced the company’s product development process and led to the launch of its first sunscreen, Radiance Defence, as well as a new version of its popular Phytobright skin supplement - Phytobright+.
Blackmores obtains B Corp cert for all brands to meet sustainability demand
Blackmores Group has obtained B Corporation (B Corp) certification for all its brands, including eponymous brand Blackmores, BioCeuticals, and Pure Animal Wellbeing.
The aim is to meet consumer expectations for sustainability and disclosure requirements, and to ensure resilient supply chains.
B Corp certification is well established across North America, Europe, Australia and New Zealand, and has mounting significance in Asia, especially among younger demographics and conscious consumers, said Sally Townsend, Head of Sustainability.
Australian firm Vincent has entered the US market with a range of skin care and a dietary supplement.
The launch in March consisted of a cleanser, serum, face cream, and tablet supplement available from its website and Amazon.
Its products are also sold in 2,000 retailers across Australia and Asia, but its focus right now is on “making a strong impact” in the US.
Singapore start-up Altimate Nutrition has launched its cricket protein bars via both offline and online retail channels.
This development has been a long time coming for the firm, having awaited regulatory approval for nearly four years.
The start-up is also actively seeking distributors and expanding direct-to-consumer (DTC) sales to grow its business.
