Weekly Newsletter - 02.05.2024

MARKET FORECAST
Global Vitamin, Mineral, and Supplement Market Poised for Growth

The Vitamin, Mineral, and Supplement market is set to expand significantly from 2024 to 2031, driven by strategic industry players and rising demand across various applications, with detailed analysis of key regions and companies.

BRAND OF THE WEEK: THG
THG Reports Strong Revenue Growth Led by Cult Beauty and Myprotein

THG, owner of Cult Beauty and Myprotein, saw robust revenue growth of 4.5% in Q1 2024, with THG Beauty driving an 11.1% increase. Strategic focus on higher-margin sales yielded positive results, while CEO Matthew Moulding highlights accelerated infrastructure investments as key to competitive advantage.

INGREDIENT SPOTLIGHT: BIOTICS
Biotics Supplements Branch Out to New Health Sectors

Biotics supplements are diversifying into sports, beauty, and women's health, leveraging their gut health benefits to enhance muscle recovery, skin health, and women's well-being, while innovating with new delivery technologies.

STRATEGIC PARTNERSHIP
Bioniq's Strategic Entry into Saudi Arabia's Health Market

UK-based Bioniq partners with Al Borg Diagnostics to bring personalised supplements to Saudi Arabia, leveraging blood test data for tailored health solutions, and aiming to lead in the Middle Eastern wellness industry.

EXPERT RECOMMENDED SUPPLEMENTS
Best Supplements for 2024: Expert Recommendations Revealed

Discover the top expert-recommended supplements for 2024, addressing gut health, immunity, beauty, joint pain, and anaemia with options like Vitabiotics, multivitamins, and iron supplements for optimal health and wellness.

INTERNATIONAL EXPANSION
NPI Targets Growth in Booming Supplement Market

Nutritional Products International(NPI), led by Mitch Gould, gears up for expansion in the thriving supplement sector, leveraging strong retailer relationships and a unique distribution system to capitalise on post-pandemic health and wellness trends.