Japan's Food with Function claims regulation (FFC) has encouraged more SMEs to enter the market, while the major players which have launched products under the scheme are enjoying higher growth, according to new data.
Inflationary pressures and currency fluctuations have impacted Nature Sunshine’s results, leading the multi-level marketing company to reformulate some products with cheaper ingredients and revamp manufacturing in an effort to control costs.
In an ongoing market surveillance program, supplement manufacturer NOW has revealed a new trick spotted on Amazon to deceive consumers about what a product’s testing results actually mean.
Renewed lockdowns in China has thrown another wrench into the global supply of botanical ingredients. But having graduated from the recent school of hard knocks, suppliers are managing to cope, experts said.
At Vitafoods Europe, functional ingredient expert Taiyo will present brand new concepts which it says will address current consumer trends including healthy ageing, sports nutrition and clean label products.
Industry stakeholders anticipated a smooth working relationship with a new Biden Administration, but said this year’s highly unusual circumstances makes this transition more uncertain than most.
Struggling retail giant GNC has filed for Chapter 11 bankruptcy according to a news report. GNC is reportedly entering into the process with Chinese firm Harbin Pharmaceutical waiting in the wings as a potential buyer.
Network marketing giant Herbalife has announced an agreement in principle with US authorities over a bribery scandal in China. The reported pact, which includes a $123 million fine, was part of the company’s first quarter earnings report, which came...
Nu Skin Enterprises says online functionality has helped it post better than expected results even as the global pandemic crisis hamstrings the core face-to-face concept of the multi level marketing model.
Dietary supplement retailing giant GNC has announced ‘significant’ layoffs and other measures meant to help the business survive the current economic dislocations caused by the coronavirus crisis.
Recent changes in the Chinese market beg the question of whether network marketing companies selling dietary supplements can see an entry there as a panacea for weakness elsewhere.
The Natural Products Association has attempted to get out ahead of a potential issue for the industry by asking federal authorities to monitor dietary supplement companies claiming to treat coronavirus infections.
