Austin, TX—Herbal sales are on the rise. The American Botanical Council (ABC) reported that annual sales of herbal dietary supplements in the U.S. totaled $12.350 billion in 2021. That's according to ABC’s 2021 Herb Market Report. That figure represents the highest recorded annual spending on these products in the U.S., ABC shared.
Grant Pass, OR—Flora Research Laboratories (FRL), an independent analytical testing laboratory specializing in the research and analysis of botanicals and dietary supplements, is alerting stakeholders to be aware of counterfeit analytical reports circulating on the internet. The falsified reports relate to Amanita muscaria tinctures and mushroom caps. According to FRL,...
Article updated on January 4, 2023, with additional industry response. On December 23, 2022, the House passed the Consolidated Appropriations Act of 2023 (H.R.2617), an omnibus spending bill consisting of all 12 fiscal year 2023 appropriations bills. It provides $1.7 trillion in discretionary resources across the fiscal year 2023 appropriations...
Washington, D.C.—Cheers to the Council for Responsible Nutrition (CRN) for marking its a major milestone! Founded in 1973, the organization has now played a role in the growth of the dietary supplement industry for 50 years. Throughout 2023, CRN will be reflecting on its history and looking ahead to how the trade...
Copenhagen, Denmark—Novozymes A/S and Chr. Hansen Holding A/S have entered into an agreement to create a leading global biosolutions partner through a statutory merger of the two companies. The combined group will be equipped to address global challenges including enabling healthier lives, transforming food systems, and accelerating towards a climate neutral society, according...
New York, NY—IFF has entered into an agreement to sell its Savory Solutions Group, which focuses on ingredients for prepared foods and foodservice and plant-based solutions for the vegan and vegetarian markets, to global private equity firm PAI Partners. According to a press release, the transaction values the business at...
Austin, TX—Loomis Enzymes has adopted Rose Hip (Rosa canina, Rosaceae) through the American Botanical Council’s (ABC) Adopt-an-Herb botanical research and education program. “Rose hip has one of the highest levels of vitamin C of any fruit or vegetable,” noted a representative from Loomis Enzymes, in a release from ABC. “Additionally, rose...
The competition for customers and sales is tight. You need to connect with people who are likely to click buy. This is why you need to take advantage of Google Performance Max ad campaigns. Done right, Performance Max automatically optimizes your budget and ad bids, connects you with new customers,...
Boston, MA—Merryfield PBC announced a partnership with Cornerstone for Natural to create an in-store consumer education, incentives, and rewards program, called Learn & Earn. The program, powered by the Merryfield Rewards app and Cornerstone's Smart Shelf Tag technology, is designed to influence consumers' point-of-purchase decisions through in-aisle branded digital content...
Trends and Predictions What forces in 2022 will continue in 2023, and which ones will change? Here’s my best guess on a few. Staffing: The massive, late-2022 tech-industry layoffs of tens of thousands of workers will increase the size of the available U.S. workforce. At least some of these newly...
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