Australia aims to take back Chinaโs no. 1 health supplements exporter spot from the USโโ
Australia is aiming to topple the US as Chinaโs number one health supplements exporter โ a title which it first held in 2018 โ on the back of warming political relations and market-focused NPD.
Australia became Chinaโs largest exporter for the first time in 2018, which continued three years in a row until 2020, surpassed by the US which was the top exporter prior to Australiaโs takeover.
One of the ways in winning over Chinese consumers, is to design products specifically for them, said John OโDoherty, CEO of Complementary Medicines Australia (CMA). The CMA also led a team of six member companies to Shanghaiโs Healthplex Expo between June 19 to 21, the first time it had done so since COVID-19.ย ย
Fish oil supply to recover as 2024โs first fishing season ends on a high note โ GOEDโ
The first Peruvian fishing season this year had ended on a high note, with oil yield expected to hit at least 75k tons, said industry body GOED.
Oil yields from this yearโs first fishing season, which started on April 16, are likely to hit 75k to 85k tons. Peru typically produces about 150k to 200k tons of fish oil per year. The next fishing season this year is expected to take place in late October to December.
This is a contrast to last year, where the unusual warming of surface waters in the eastern Pacific Ocean due to El Niรฑo had moved adult anchovy biomass away from the accessible fishing areas, leading to low oil yield.
Krill oil NPD: China firms apply phospholipid omega-3 into adult milk powder and moreโ
China companies are driving new innovation in the krill oil sector, with milk powder firm Beingmate (่ดๅ ็พ) incorporating the phospholipid-bound omega-3 into adult milk powder and others combining it with multiple functional ingredients for specific health purposes.
Most krill oil products are typically sold as soft gel capsules and come in a single formulation โ meaning the product only contains krill oil.
However, innovation in dosage formats and formulations have popped up in the China market in the past year, Thong Luu, SVP HH&I and general manager China at Aker Biomarine toldย NutraIngredients-Asiaย โat Healthplex Expo held in Shanghai.
Innovating with Korean ginseng: Taste and ease of use key for widening consumer base, say brandsโ
Korean ginseng brands are innovating with new formats and ingredient combinations as they seek to widen the appeal of the traditional botanical to consumers who prioritise taste and convenience.
Examples include adding other beneficial ingredients like vitamin C and herbs to increase product appeal.
This is seen in one of Wooshinโs new launches, Rg3 Black Ginseng Plus, a black ginseng essence combined with eight different Chinese herbs. These are packed into individual 10-ml sticks with the recommended dosage of one stick per day.
Growing market: CJ Wellcare extends blood sugar management offerings with two launches in a monthโ
CJ Wellcare is adding to its blood sugar management portfolio, with two successive health functional foods launched this month, as it hopes to tap on a market that had expanded 18 per cent year-on-year.
Corosolic acid extracted from banaba leaves is the star ingredient contained in both of its new launches marketed as BYOCORE Blood Sugar Care and Fatdown Slimming Shot.
The companyโs successive launches are in response to a growing interest in blood sugar management, and a sector that had grown 18 per cent between 2021 and 2022.