The overall nutraceuticals market is growing at a higher rate than pharmaceuticals. However, the growth in the nutraceutical market does not entirely translate to excipients market growth for nutraceutical OSDFs. The reason: Excipients are mainly used in the nutraceutical oral solid forms of tablets and capsules and not in forms such as protein powders or other functional foods that are growing at a slightly higher rate. While the United States is the largest market, the European market will be growing more quickly, with some segments, such as functional coatings for nutraceuticals, still developing.
Here are the 10 biggest trends in excipients for the nutraceutical oral solid dosage forms market:
“These are crazy times!” This is the most common response given by everyone in the agricultural supply chain when asked for opinions on the impact of the COVID-19 pandemic. The easy-to-spread virus has changed the working conditions for many different industries, and the agricultural industry is no different. Increased food demand, especially in grain and cereal products, highlighted the importance of a good agricultural supply. Now, more than ever it is clear that Agriculture is an essential industry.
Most of the 650,000 outlets that offer professional skin care products in Europe have been closed since mid-March due to the coronavirus pandemic, with no clear indication of when most re–openings will occur. In fact, COVID-19 may mark a permanent closure for many of them, particularly those in the spa channel. For marketers with a digital footprint—be it via their own website or other e-tail channels—the loss will be slightly less impactful.
The COVID-19 pandemic has consumers scrambling to do more than kill germs on hands and surfaces. Amid the chaotic situation of out-of-stock shelves for cleaning products, hand soaps, and paper products, consumers are seeking ways to bolster their immune systems by eating more whole foods, increasing rest, and exercising. As a result, the nutritional supplements category is witnessing a strong surge in demand as customers turn toward multivitamins, single-letter vitamins, and specialty supplements. For one, Vitamin C products have seen a strong uptick in sales, as have other specialty supplements such as elderberry, zinc, and echinacea.
While the world contends with the novel coronavirus (COVID-19) and much of the United States shelters in place, there have been strong surges in consumer demand for hand sanitizers, hand soaps, and disinfectants. In fact, Nielsen reports that during the first week of March 2020, consumer sales of hand sanitizers were up 470% compared to the same week of 2019.* Some suppliers of hand sanitizers indicate they expect to sell typical annual volume within only two to three weeks during the pandemic. Continue reading
We have entered the second month of nearly all U.S. salons being closed as a result of the country’s effort to “flatten the curve” of COVID-19’s spread by way of social distancing. And while there are talks of starting to open businesses back up, it remains to be seen if salons will be included in that first wave of openings. Initially, May 1 was the optimistic date for this to begin, but Georgia has announced allowing salons to open as early as this week so there is hope.
Most professional skin care outlets in the United States have been closed since mid-March due to the coronavirus pandemic, with no clear indication of when reopenings will occur. In fact, COVID-19 may mark a permanent closure for many of these outlets, particularly in the spa channel. For aesthetic physicians, tele–dermatology and taking out a small business loan to stay afloat will hopefully preserve businesses.
The development of biological technologies for pest control in Latin American markets has been growing at an impressive rate over the last few years. As demand for healthier foods increases, so does organic farming, and the government actively supports the use of biological pesticides by purchasing from suppliers and selling to farmers at a lower price. On a global scale, the United States remains the leading participant in the global biopesticide market, with 35% of total sales, being followed by China at a distance with just over 11%. Argentina, Brazil, Chile, and Mexico are enjoying a steady growth rate, reaching ranges of between 2% and 3% of total global sales. Overall, the global biopesticides market is projected to grow at a CAGR of just under 10% over the next five years, reaching nearly USD 3 billion by 2024. However, the COVID-19 outbreak is a new potential source of volatility and a threat to the macroeconomic stability of Latin America and the Caribbean, but it is still too early to fully understand its impact on growth in these countries.
The revolution of plant-based meat arises from cutting-edge innovation involved in the processing and manufacturing of meatless substitutes. As the industry faces increasing demand, it is essential for companies to comprehend developing technologies and ingredients in this market from a global perspective.