Korea Ginseng Corp has opened a new R&D centre in a major push to establish itself as the world’s biggest herbal health company, while strategies such as diversification of product categories and formats are in motion to fuel its bold ambitions.
The South Korean authorities have made a number of new suggestions for Health Functional Foods (HFF) regulations, such as allowing ginseng products to make liver health claims and expanding the sources of raw materials for making protein products.
The South Korean authorities have proposed new precautionary information for eight functional ingredients, including ginseng and milk thistle, as well as adjusting the daily intake level of indigestible maltodextrin and aloe gel.
South Korean probiotic supplement brand Youguth has launched its fermented red ginseng with probiotic supplement for immune health in Singapore, with aims to tap on the gifting culture to promote sales.
Nearly seven in 10 Koreans said they had bought and consumed health functional foods last year, according to a survey conducted by the Ministry of Food and Drug Safety (MFDS) involving 1,500 men and women aged 19 and above.
From the appointment of the new Blackmores CEO, to Taiwanese health food leader Grape King Bio’s probiotics market strategy, and Korean Ginseng Corp’s focus in China, we bring you the latest commercial updates from well-known supplement brands in APAC.
Read about China's continuing '100-day operation', closer inspection of infant formula, and the latest business developments in the country's supplement and health food market in our latest look at China.