Companies from across the supplement supply chain advocate for a transparent industry and empower consumers to take control of their health. We tell the supplement industry’s story through content, research and education-based events.
Supplement industry news and updates – September 2023Supplement industry news and updates – September 2023
Inside the Bottle brings you the latest supplement industry news in this monthly roundup.
September 15, 2023
Sponsored by Inside the Bottle
Find out why supplement companies selling kratom may want to tread with care as wrongful-death lawsuits grab headlines while regulation and safety questions crescendo as years of controversy come to a head. Learn what makes kratom so popular, and contentious, in this first installment of the series here.
SPINS, a leading provider of wellness-focused data and analytics for the CPG industry, and GNC, leading global health and wellness brand, have entered an exclusive partnership. “We’re excited to partner with GNC to shape the future of the VMS industry and improve the well-being of people around the world,” states Andrew Henkel, EVP of Retail at SPINS. Read more here.
Fruiting body? Mycelium? Both? The Natural Products Association filed a citizen petition asking for greater clarity on the labeling of fungal dietary supplements. Learn why NPA CEO Daniel Fabricant, Ph.D., says now is the time to address the issue to protect domestic farmers, consumers—and the credibility of the industry. Read more here.
Nutrition Business Journal analysts believe a concern for cognitive health across generations is driving category growth, which reached 7.2% in 2022, according to newly released data. Find out how 18-to-34-year-old-consumers were nearly as likely to purchase brain health products as the 55-to-75-year-old Prevagen crowd here.
Private equity firm L. Catterton, based in Greenwich, Conn., will acquire Thorne HealthTech Inc.’s outstanding shares in a deal slated for completion in Q4 2023. The firm’s $30 billion investments include positions in biotech firm Tally Health and X2 Performance. Learn why industry experts feel the move is a good sign in a very tough market here.
New consumer research by Radicle Science and the University of California San Diego found that study participants were more likely to purchase—and pay far more for—supplements with labels that contained the phrase “clinically proven.” Discover exactly how much power this phrase holds for shoppers here.
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