Image Gallery: Top Posts in May
During the month of May, INSIDER readers frequently viewed articles and galleries on Ostarine in supplements, FDA nutrition fact labels and China’s new sports nutrition safety standard.
FDA Criminal Office Said to Be Examining Drug Ostarine in Dietary Supplements
FDA’s Office of Criminal Investigations (OCI) has been reportedly looking into complaints that marketers of sports supplements have sold Ostarine in their products, a substance that a biopharmaceutical company has been studying in clinical drug trials for nearly a decade.
Nestlé Sets Sights on $15 Billion Medical Foods Sector
Packaged foods giant Nestlé S.A. is expanding its footprint in the global nutrition sector by tapping into the estimated $15 billion market for medical foods—prescription-based powders and drinks intended to meet specific nutritional requirements to treat diseases.
Herbalife International (NYSE:HLF) has revealed it is in advanced discussions with FTC to reach an agreement regarding the agency’s investigation of the company’s business practices started two years ago after activist investor Bill Ackman began shorting HLF stock and publicly accusing the dietary supplement multilevel marketing company of being no more than a pyramid scheme. In a conference call May 5 to discuss first quarter 2016 earnings, Herbalife CEO Michael Johnson said the talks with FTC, which began a couple of months ago, would likely result in either a settlement or court.
FDA Releases Updated Nutrition Facts Label
FDA finalized the new Nutrition Facts label for packaged foods to reflect new scientific information, including the link between diet and chronic diseases such as obesity and heart disease. The sweeping overhaul—the first in 20 years—includes modifying the list of required nutrients that must be declared on the label, updating serving size requirements, and providing a refreshed design.
Image Gallery: Vit-Bests Manufacturing Solutions for Nutritional Products
Whether focused on weight management, sports nutrition, general health maintenance or specific dietary supplementation, Vit-Best’s solutions help today’s brand holders address the evolving marketplace.
Chinas New Sports Nutrition Safety Standard
Sports nutrition is a relatively untapped market in China, which only has one major domestic player—the company name translates to “competitor," according to the U.S.-China Health Products Association (USCHPA). Foreign sports nutrition brands are sporadically available in China, especially online, but fakes abound. Unauthorized selling has been a primary challenge to fully developing the sports nutrition market in China, but new regulations for cross-border e-commerce were released in October 2015.
The Global Nutraceutical Market: Case Study from Canada
The global nutraceuticals market size in 2015 was placed at US$182.60 billion (Transparency Market Research). This market is said to grow at a compound annual growth rate (CAGR) of 7.3 percent. The North American market is the largest in the world, followed by Asia Pacific and Europe.
The credibility of “testosterone boosters" is at stake in several lawsuits, including a proposed class-action complaint that is before the U.S. Court of Appeals for the 9th Circuit.
FDA Warns Consumers Bodybuilding Product Contains Steroids
FDA warned consumers not to use a bodybuilding product called Tri-Methyl Xtreme that is marketed as a dietary supplement illegally and claims to contain anabolic steroids. This advisory was in response to three adverse event reports (AERs) the agency received from consumers who had taken the product in California, New Jersey and Utah. The distributor of the product is Las Vegas-based Extreme Performance Group, but FDA is trying to figure out who manufactures this product, which is sold online and in some retail stores and gyms.
Image Gallery: 2015 SupplySide CPG Editors Choice Award Winners
Amidst the action in the Mandalay Bay Expo Hall at SupplySide West in Las Vegas, finalists in 18 categories gathered Oct. 7 and 8, for the announcement of 2015’s winners in the CPG Editor’s Choice Awards.