The dietary supplement industry bodies in both Australia and New Zealand are seeking clarification that the sector is classed as an ‘essential service’, with both countries imposing movement restriction to curb the spread of COVID-19.
Chinese health foods giant BY-HEALTH's FY19 revenue jumped 20.94% to hit RMB$5.2bn (US$748m), however performance from its Australian subsidiary Life-Space failed to meet expectations due to changes in China’s e-commerce law.
In this round-up, we look at the plans that Meiji has to grow its sports nutrition business as the Tokyo Olympics draws near, the new personalised nutrition service from FANCL, and how consuming chilli pepper could reduce fat.
This round up provides a glimpse on how direct-selling firms in China are adopting new retail models, how H&H plans to expand its kids nutrition portfolio, the impact of the Covid-19 on businesses, and GNC’s blue-hat products.
The ongoing China Coronavirus outbreak has affected a number of nutrition retailers which rely on Chinese tourists as a key revenue stream, with some putting on hold new plans and adopting a ‘wait and see’ approach.
Aged black garlic for heart health is gaining traction amongst Asian consumers, while probiotics has become the most popular non-vitamin type of supplement for children in Japan, find out more about the market trends in this round up.
Check out the popular stories trending on the social media in the month of January, including the health and nutrition industry trends for year 2020, an anti-obesity honey developed by a Malaysian professor, as well as GNC’s new sports nutrition products...