The newly launched NutriPharma Coalition is a collaboration between natural ingredient companies, nutraceutical scientists, and open-minded pharmaceutical companies. The goal: to develop patented nutraceutical medicines aimed at solving health issues at an affordable cost. A primary focus is to cut costs in the drug safety and FDA requirements process. The...
Natural Marketing Institute released its 2023 State of Sustainability in America Consumer Insights and Trends Report, featuring consumer insights and trends. NMI’s research shows consumers continue to hold strong attitudes toward environmental protection and are taking small, progressive steps toward more environmentally friendly behaviors. Though consumers have anxiety about global...
Chicago, IL—ADM shared a report of the top five pet trends going into the new year. These trends build on ADM’s larger annual report of global consumer trends. Modern pet parents treat their pets as good as (or better than!) themselves. As human trends increasingly inform pet nutrition innovations, new...
Legal developments impacting advertising claims substantiation, correcting unsubstantiated claims, working with influencers...these topics and more will be addressed at the American Conference Institute (ACI)’s 6th Annual Forum on Advertising Claims Substantiation, taking place February 9–10, 2023. The event will be live-streamed as well as in person at New York City...
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.
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...
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