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An example of a few headlines sent to our customers on May, 09 2023
Consumer Wellness

powered by Industry Intelligence, Inc.

May 09, 2023

Industry Roundup

Consumer Economics

Beauty Inflation Surge report predicts continued cost increases in 2023; companies must develop strategies to stay competitive as consumers grow more conservative in spending, contributing to deceleration in certain product categories: ResearchAndMarkets
PR Newswire (05/05)

Morgan Stanley predicts total spending on pets to hit US$277B by 2030, up 134% from 2019, and representing 8% annual growth, far exceeding other retail categories; millennials tend to spend more than older pet owners, especially on premium food/services
Marietta Daily Journal (GA) (05/04)

Consumer Health & Wellness

One out of eight Americans over the age of 50 say they're addicted to highly processed foods like sweets, salty snacks, sugary drinks and fast food, according to recent poll
Call & Post (Cincinnati, OH) (05/05)

UnitedHealthcare provides US$275,000 to three North Carolina nonprofits to improve health outcomes for children in kinship and foster care; American Academy of Pediatrics reports one in three children enter foster care with a chronic medical condition
UnitedHealth Group (UnitedHealthcare) (05/04)

Consumer Behavior / Attitudes

Redditor slams Walmart for appearing to swap paperboard pasta boxes for plastic bags; Redditor claims to work in packaging, says brands have shifted to 'cheap overseas plastic' amid paper shortages instead of 'paying a few cents more’ for domestic paper
The Cool Down (05/08)

General Mills analysis: CFRA sees intense competition in premium dry dog food, shoppers trading down for private label; UBS believes Blue Buffalo offers a 'proven playbook' for other pet food segments while BNP sees refrigerated supply chain as challenge
Industry Intelligence Inc. (05/08)

Health Concerns, Trends & Statistics

Oral allergy syndrome triggered by hay fever may cause cross-reactions to fruits, vegetables, nuts, and legumes
News-Medical.net (05/08)

Analysis of 2.4 million diabetes patients suggest those who skipped hemoglobin A1C tests in 2020 due to COVID-19 pandemic had higher levels in 2021; delayed PSA tests may contribute to advanced cancer cases post-pandemic: Quest Diagnostics Health Trends
Quest Diagnostics Inc. (05/08)

 Health

Cardiovascular / Heart Health

Study finds cabernet sauvignon dry red wine ameliorates atherosclerosis in mice by regulating inflammation and endothelial function, activating AMPK phosphorylation, modulating gut microbiota, decreasing lesion size
Food Research International (05/04)

Dental & Oral Health

Researchers in Spain find toothpaste with extra virgin olive oil, xylitol and betaine can benefit oral health of gingivitis patients by reducing inflammation and oral bacteria; study saw reduced gingival bleeding and dental biofilm, increased saliva flow
CosmeticsDesign.com (US) (05/08)

Henry Schein to acquire S.I.N. Implant System, one of Brazil’s leading manufacturers of dental implants; S.I.N had 2022 sales of about US$61.0M and is a growing provider of dental implants in Brazilian market
Henry Schein Inc. (05/04)

Digestive / Gut Health

Austin, Texas-based pet nutrition brand Nulo announces campaign 'Fuel Incredible', which will feature famous athletes and their pets in national commercial; range of products to support pet health, including digestive, immune health and a healthy weight
Associated Press (05/03)

Pfizer to discontinue three multiple midstage therapies acquired from Arena Pharmaceuticals, leaving only etrasimod; Pfizer ends temanogrel, APD418, PF-06480605 for ulcerative colitis and RIST472, a joint project with Aristea Therapeutics
FierceBiotech (05/02)

Liver / Kidney / Bladder Health

Gilead's Hepcludex receives CHMP approval to treat hepatitis delta virus in Europe; drug awaits European Commission's decision
FiercePharma (05/05)

Baxter names Chris Toth as CEO of proposed kidney care spinoff, which is expected to begin operations in July 2024 or earlier; until spinoff is operational, Toth to serve as EVP and group president of Kidney Care
Business Wire (05/05)

Mental Health

Weyerhaeuser and Firefighter Behavioral Health Alliance expand partnership on Fighting Fires Together campaign, which provides vital mental health resources for wildland firefighters and their families
Weyerhaeuser Co. (05/08)

Aptar reports demand for proprietary pharma dispensing devices remains strong during Q1 earnings call, outlines key growth drivers for near term
Industry Intelligence (05/05)

Neurological / Cognitive Health

Quest Diagnostics offering AI-driven RestoreU dementia panel from uMETHOD Health; service intended to help doctors improve detection and care of potentially treatable causes of cognitive decline
Quest Diagnostics Inc. (05/04)

Eli Lilly reports its donanemab Alzheimer's candidate significantly slowed cognitive and functional decline in Phase 3 study of early Alzheimer's disease
Eli Lilly & Co. (05/03)

Women's Health Issues

FDA advisers to review first request to allow OTC sales of Perrigo's Opill birth control pill; FDA raises concerns about Opill studies and reliability of some company data
Associated Press (05/05)

AstraZeneca gets Indian approval for trastuzumab deruxtecan to treat metastatic breast cancer; incidence of breast cancer iin India is low, but has risen by almost 40% over the past 25 years
Asian News International (05/03)

Health Studies

Commonly consumed beverages such as fruit juice and artificial soda contain levels of toxic metals including arsenic, cadmium and lead that exceed federal drinking water standards, according to researchers from Tulane University
WorldNetDaily (05/08)

Study on pomegranate seed oil extract finds potential skin benefits skin through antioxidant and anti-inflammatory action; researchers believe it reduces effects of phenobarbital-formaldehyde in skin, improving callouses, nail inflammation, skin tags
CosmeticsDesign.com (US) (05/03)

Foodborne Illnesses

New York officials alerting consumers to listeria presence in Ding Hao brand 'Bean Sprouts' packaged by Chang Farm in South Deerfield, Massachusetts,, and distributed through New York-based Bean Sprouts Trading
Food Safety News (05/08)

Pennsylvania Department of Agriculture warns consumers to immediately discard 'A Joy' brand raw milk products sold in Susquehanna County because of potential listeria contamination
Food Safety News (05/08)

 Nutritional

Healthy Foods & Beverages

Former US First Lady Michelle Obama co-founding Plezi Nutrition, a company focusing on healthier food and beverage products for children; company prioritizing reducing sugar content and lowering sweetness
Food Dive (05/04)

Vitamins / Supplements

Herbalife Reports First Quarter 2023 Results
ENP Newswire (05/04)

 Demographics

Gen X

Forty-eight percent of US adults say food grocery costs are eating up the majority of their monthly budget, according to new poll; 45% of Gen X consumers say they spend the most on groceries
The Courier-Times (05/05)

Millennials & Gen Z

BofA survey finds suburbs experiencing a resurgence, with 43%-45% of millennials planning to buy a home there, driven by remote work, affordable property prices in remote suburban and rural markets; two-thirds believe they'll buy a home in next two years
Fortune (05/08)

Applebee's has gained market share with both younger consumers and households that earn US$100,000 or more annually compared to 2019, according to the casual dining chain's latest consumer research
Nation's Restaurant News (05/08)

Children / Minors / Youth

China approves AstraZeneca's Koselugo selumetinib to treat tumors caused by rare neurofibromatosis type 1; drug was jointly developed with Merck, and is approved to treat children three years old and above
SeeNews Pharmaceuticals (05/08)

McDonald's franchises in Louisville, Kentucky, fined total of US$212,000 for having two 10-year-olds among its workers who were paid little or nothing
CE Noticias Financieras (Latin America) (05/04)

Age 55+ / Seniors / Baby Boomers

US approves GSK's Arexvy RSV vaccine to protect older adults against respiratory virus; CDC to decide whether all seniors or only high-risk individuals need vaccination, which is the first of its kind
Associated Press (05/03)

Gender

ATRI approves 2023 top research priorities in trucking; priorities include truck parking at public rest areas, barriers to entry for female drivers, impact of Complete Streets on freight mobility, diesel technician shortage and cost of driver detention
PR Newswire (05/08)

PMMI launches Latin American Chapter of the Packaging and Processing Women's Leadership Network; mission is to empower and promote women across the Latin American industrial landscape and boost skills to close the current gender equality gaps
States News Service (05/05)

Ethnicity & Race

Danone needs to be more intentional with outreach to underrepresented groups due to unintended restrictions on ad placement caused by brand safety protections, says Catherine Lautier, company's global head of media and integrated brand communication
The Drum (05/05)

Age

Global prestige beauty market forecast to expand at CAGR of 5.56% from 2023-2028, fueled by millennial and Gen Z consumers, rising spending power of middle and upper middle-income classes; skin care anticipated to lead market segment: ResearchAndMarkets
PR Newswire (05/05)

US food allergen testing market expected to reach US$5.21B by 2030, grow at a CAGR of 5.52% from 2023-2030; growth driven by increase in food allergies among children and adults, as over 50 million in US have some form of allergy
globe news (05/03)

Population / Demographics

Euromonitor predicts urban households in Asia Pacific to grow 21% by 2040, resulting in 60% homes situated in urban areas, with aging population a major challenge; single-person dwellings to see strongest growth, up 78% versus couples with children at 26%
Euromonitor International Ltd. (05/05)

Boston Consulting sees fintech revenues growing sixfold from US$245B to US$1.5T by 2030; Asia poised to outpace US as world's largest fintech market, driven by China, India, Indonesia given voluminous underbanked populations, tech-savvy youth/middle class
The Boston Consulting Group Inc. (05/04)

 Fitness

Fitness, Exercises & Sports

University of Stuttgart team develops degradable chitosan-flax composite for construction, aerospace, auto parts, furniture, sports equipment uses; composite is made from CO2-neutral raw materials, shows greater lightweight potential than epoxy composites
University of Stuttgart (05/08)

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