Blackmores' net profits fell by 42% to A$58m for the last financial year and sales slipped by 3% to A$693m, amid a significant decline in sales to Chinese consumers through Australian retailers.
The ever-growing importance of e-commerce sales for supplements in APAC was underlined in our first state of the industry survey, with almost 70% of respondents believing the channel will ultimately become as important as brick-and-mortar retail.
The failure to register intellectual property (IP) rights on time is a common problem for foreign supplement and functional food companies in China, according to global co-head of CMS Life Sciences Sector Group Nick Beckett.
The raft of new supplement and functional food regulations introduced in the past two years, or those imminently pending, have been broadly welcomed by the industry in APAC, according to the findings of our inaugural State of the Supplements, Health &...
Blackmores chairman Stephen Chapman announced today the appointment of Richard Henfrey as the company’s new CEO, following the resignation of former CEO Christine Holgate.
Health product manufacturer TSI Group has announced the approval of the first ever China Food and Drug Administration (CFDA) Manufacturing Licence for β-hydroxy β-methylbutyrate (HMB) production in China.
Dutch multinational firm Royal DSM has announced two new appointments to its APAC team: effective 1 September, Pieter Nuboer will be the Asia-Pacific VP of Animal Nutrition & Health, while André Rhoen will be the Asia-Pacific VP of Human Nutrition...
Three out of four respondents in the first NutraIngredients-Asia State of the Supplements, Health & Nutrition Survey believe their firms will post better financial results this year than last.
China’s Food and Drug Administration (CFDA) has announced the second batch of infant nutrition companies and products that have been approved under its new registration programme.
Network marketing company Nature’s Sunshine reported disappointing earnings yesterday, driven mostly by a protracted and difficult software switchover, according to management.
From trademark squatters to distributor disputes, there are a number of key threats that new entrants to China’s rocketing supplements market need to be aware of, according to a new report.
China’s Food and Drug Administration (CFDA) has announced the first wave of infant nutrition companies and products that have passed its new registration programme, and are now free to trade in the country from January 1, 2018.
The Asia-Pacific beta-glucan market will increase from US$65.21 million to $109.54 million by 2022 due to soaring demand for nutraceuticals and functional foods, according to analysts.
An internal investigation into business practices in China has taken some of the air out of the balloon of Usana Health Sciences, as the company’s stock price declined after an earnings report that was lower than analysts’ estimates. And a launch of a...
Singapore’s government enterprise body SPRING is joining forces with economic development agency Primary Industries and Regions South Australia (PIRSA) to collaborate on functional food innovation.
Abbott says market conditions in China "remain challenging", following its report that its global nutrition sales decreased 0.6 per cent to $1.73bn in the second quarter.
Nutraceuticals and infant formula are now New Zealand’s largest and fastest-growing food and beverage export sectors, with a new government-backed report tipping them for sustained growth and greater financial investment.
The Food Safety and Standards Authority of India (FSSAI) has assured industry players that any concerns regarding the new standards for nutraceuticals and health supplements will be addressed.
Creating products based on personalised nutrition and sustainable functional foods from waste products, along with improving shelf life by using new technology, offer the biggest growth opportunities for Australian nutrition and food firms in an increasingly...
Regulators in Australia and New Zealand have permitted isomalto-oligosaccharide (IMO) as a novel food for use in a range of food and beverages, including sports nutrition and meal replacement products.
Immunity-boosting health products for older adults have massive ‘untapped potential’ in Asia, and especially in China, with less than 1% of new launches in the past five years being specifically created for the over 55s.
The UN's World Food Programme is seeking to improve the nutrition of 1.9 million children and women in war-torn Yemen by delivering targetted supplementary feeding programmes in the Middle East's poorest nation.
A new e-commerce platform and artificial intelligence (AI) have been identified as two of the key factors behind Amway’s hopes of achieving 15% of its sales online in the Philippines this year.
Officials behind India's new goods and services tax (GST) have been accused of a major oversight for failing to set a dedicated rate for supplements, which means they are now subject to more tax than the industry had anticipated.
The Chinese health food and supplements market is valued at US$30 billion and projected to grow by 10% every year until 2025, creating extensive opportunities for Australian firms, writes Carl Gibson, CEO of Complementary Medicines Australia.
New Zealand's long-awaited Natural Health Products Bill is unlikley to be put before parliament before September's election, according to the Ministry of Health.
Quatrefolic, the metabolically active form of folate, has been granted approval as a certified food additive by the South Korean Ministry of Food and Drug Safety (MFDS).
Ingredient firm Barentz International is seeking to increase its nutrition and fortification opportunities in India by linking up with Noida-based pharma company Jubilant Life Sciences.
Five major New Zealand manufacturers – backed by trade body Natural Products New Zealand (NPNZ) – have hit out at a "small group of detractors” which they claim is creating "misinformation" about the country's proposed Natural Health...
Blackmores CEO and MD Christine Holgate is leaving the supplements giant after nine years at the helm to take the top job at state-owned Australia Post.
More than half of all Australia’s supplements exports are now going to China or to Hong Kong, with the overall value of industry exports doubling in the past two years.
Cross-border e-commerce will remain the dominant channel for supplements sales in China, with the sports nutrition sector being identified as category primed for sustained growth. That’s the view of Jeff Crowther, executive director of the US-China Health...
China could set up a dedicated bureau for e-commerce as online sales continue to rise and on the back of widespread regulatory uncertainty that has affected many international supplement firms using cross-border channels.
Blackmores’ standing in China has received a boost after its Asia MD, Peter Osborne, was appointed vice chairman of the China Association for Quality Inspection’s (CAQI) advisory committee.
Whey protein, enzymes and collagen products take the top three spots in China’s cross-border e-commerce sales, according to the international director of Ali Health, part of the Alibaba group.
Food supplements and nutraceuticals in India could become significantly more costly after 1 July because they face being subjected to a 28% general sales tax (GST) rate.
Trade body Complementary Medicines Australia (CMA) has backed a new report into preventive health, which details how the country is lagging behind fellow OECD nations Canada, New Zealand and the United Kingdom.
China is set to spearhead the growth of the region’s parenteral nutrition market to 2023, with pre-term births and rising cancer cases responsible for the growing need of intravenous feeding solutions.
There is vast scope to increase functional confectionery innovation and sales in China by including iron, collagen and taurine in products, according to analysts.
Here's a recap of our top 10 most read nutrition stories from May, featuring the latest on vitamin D, infant nutrition, natural health supplements and more.
A new collaboration between ingredient supplier Anagenix and Plant & Food Research will see products based on New Zealand science fast-tracked to the international market.
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