NIU’s Global Round-up: Sports nutrition growth in LATAM, Danone’s packaging innovations for personalization, and more

18-Mar-2019 - Last updated on 19-Mar-2019 at 14:52 GMT

It’s a global industry and there’s a lot happening. We know it’s not always easy keeping up with everything that’s happening around the world that could impact the US dietary supplements industry. The answer? Our weekly round-up of key news from across the globe.

LATAM

Speeding sports: Fitness and gym boom to fuel 6.9% CAGR growth in dietary supplements

A burgeoning interest in fitness, sport and healthier lifestyles will drive consumer demand for dietary supplements across Latin America, with the region’s market predicted to more than double by 2025 to US$47.5 billion.

According to a report on NutraIngredients-LATAM, the Latin American nutrition and dietary supplement market was valued at US$22 billion in 2016 by Grand View Research, and is forecast to grow at a CAGR of 8.8% between 2018-2025.

Even greater growth was seen in the region’s sports nutrition space, which will have a CAGR of 9.7% over the same period. It was valued at US$777 million in 2017.

“Rising sale volumes of sports nutrition products, on account of increasing prevalence of fitness and gymnasiums, is expected to boost the demand for dietary supplements,” said Ananya Bhandari, senior research analyst for medical devices and healthcare IT at Grand View Research.

Functional food represented 81.8% of LATAM’s nutrition and dietary supplements market in 2017. However, dietary supplements are predicted to grow at a CAGR of 6.9% between 2018-2025, largely driven by sports nutrition, the research showed.

Europe

Roquette to take over manufacturing plant rights for biosuccinic acid

French ingredient supplier Roquette will take over the manufacturing plant rights and obligations of the supplement ingredient related to biosuccinic acid after the dissolution of a joint venture with DSM.

The JV was agreed in 2012, and sees a continuation of production for the ingredient at a plant in Italy. DSM will become the exclusive licensor to prospective customers.

Bio-succinic acid can reportedly be used as a dietary supplement to aid in alleviating symptoms related to menopause such as hot flashes and irritability.

“The Reverdia joint venture has proven Biosuccinium technology to be the most sustainable and competitive bio-succinic acid on the market today,” said Atul Thakrar, president of bio-based products and services at DSM.

“We have gone well beyond the start-up phase and the Biosuccinium brand will continue to grow under the leadership of our partner Roquette.

“This is an example of DSM doing what it does best — establishing market-leading technologies and commercializing them.”

For more on this story, please click HERE.

Asia

Danone collaborates with Israeli start-up for innovative packaging

French dairy giant Danone has announced a collaboration with Israeli smart packaging start-up Water.io to introduce ‘smart cap’ technology into its Spanish mineral water brand, Font Vella.

The collaboration promises to offer personalization through everyday consumer goods by allowing users to track their hydration levels.

The smart cap is synced to a mobile app called Coach2O, which helps to monitor its user’s water consumption so it can “coach them towards adequate hydration”, according to Danone.

“The technology is very unique — it’s essentially an IOT for packaging, and we use it to combine regular consumer goods with smart technology,” Kobi Bentkovski, CEO and co-founder of Water.io, told NutraIngredients-Asia.

“This collaboration with Danone is very important for us, because it applies our technology to everyday products on a large scale, and personalizes products to suit individual customers — in fact, this is the first time a CPG has been personalized.”