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 Industry Roundup |
Consumer Economics
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Fitch: Grocery store players that can offer more holistic subscription services beyond just delivery could gain market share with consumers who are increasingly bargain hunting; examples include Instacart allowing users to share membership with family
Fitch Solutions Sector Intelligence (07/18)
Conference Board Leading Economic Index for Euro area down 0.5% in June to 114.7 following a 0.3% decrease in May; decline due to reduced impacted energy supplies, increased inflation led by conflict in Ukraine
The Conference Board Inc. (07/18)
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Consumer Health & Wellness
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Demand for monkeypox vaccines outpacing availability in New York City, Baltimore, Maryland; monkeypox infections have passed 1,000 cases in US
The Griffon News (Missouri Western State College) (07/18)
Euromonitor: Inflation facilitates shift to healthier behavior, but threatens personalized health care, manufacturing of medicinal products that embrace Industry 4.0; these trends can slow due to growing input prices, consumers choosing cheaper products
Euromonitor International Ltd. (07/14)
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Consumer Lifestyle
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Executive Perspective: When it comes to snacks, consumers are pursuing permissible and portion control options, while the 'unstoppable trend' in the beverage category appears to be non-sugar, says PepsiCo CEO Ramon Laguarta
Food Business News (07/18)
University of Maryland Medicine launches initiative to enroll 250,000 state residents in the next decade to help researchers understand how genes, lifestyles, affect health; Maryland has a more genetically diverse community compared to rest of US
PR Newswire (07/12)
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Consumer Behavior/Attitudes
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Shortage of Dijon mustard in France leaving consumers scrambling to find a substitute; mustard in the country is mainly used to accompany red meats or to make vinaigrettes for salads
Business Insider (07/18)
Japanese personal-care brand Gatsby study finds East Asian Gen Z males are more open to cosmetics, with rising interest in nail care; separate Eulji University study suggests brands can meet male user needs in new beauty categories based on digital trends
CosmeticsDesign-Asia.com (07/18)
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Health Concerns, Trends & Statistics
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FDA grants breakthrough device designation to Abbott to investigate use of its deep brain stimulation system for treatment-resistant depression; TRD costs about US$44B annually in US in healthcare, lost productivity, unemployment expenses
PR Newswire (07/18)
Sixty percent of British consumers say they're concerned about amount of sugar and sweeteners in their fizzy drinks, study says; 48% drink fizzy drinks every week and 13% have them every day
FoodManufacture.co.uk (07/18)
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Health
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Cardiovascular/Heart Health
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GlobalData sees rise in telemedicine product launches over next couple of years, up 262% to 257 in 2023 from 2021; pandemic has accelerated adoption of telemedicine, which is increasingly used to treat neurological, respiratory, cardiovascular diseases
GlobalData Plc (07/12)
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Digestive/Gut Health
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Thorne HealthTech relaunches Gut Health Test with patent-pending biodegradable polymer microbiome wipe that breaks down in testing solution that preserves user’s DNA; studies show wipe has higher efficacy than traditional stool collection methods
Nutra Ingredients (07/18)
Dry pet food company Nunn Milling Company launches Butcher’s Best Signature Menu recipes with two whole-grain options and two sensitive skin and stomach options; antioxidant-rich recipes are made with no corn, wheat or soy and are locally made in the US
Pet Plus Magazine (07/12)
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Fertility/Reproductive Health
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Perrigo's HRA Pharma submits application to FDA to switch Opill daily birth control pill from prescription-only to OTC; if approved, Opill would be first OTC birth control pill in US, where every year 6.1 million pregnancies are unintentional
CE Noticias Financieras (07/12)
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Liver/Kidney/Bladder Health
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Roche receives global license to advance Ionis Pharmaceuticals’ injectable IONIS-FB-LRX to treat kidney disease for US$55M; drug based on Ionis’ antisense technology, has potential to treat other inflammatory conditions
SeeNews Pharmaceuticals (07/13)
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Mental Health
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Seed Health partners with Axial Therapeutics to develop next-generation probiotics, therapeutics to target anxiety, depression, mental health via gut microbiota; program to focus on both consumer and therapeutic applications
Nutra Ingredients (07/18)
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Immune System Health
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Sustainable pet food company Because, Animals debuts Immune Health Sprinkles, Joint Boost Sprinkles and Wellness Sprinkles for its Bmmune Nutritional Yeast supplement line for cats and dogs; brand recycles plastic water bottles into pouches for packaging
Pet Plus Magazine (07/15)
Genentech expands immune-oncology collaboration with Bicycle Therapeutics that started in 2020 with milestone payment of US$10M; Bicycle handles drug discovery, R&D, pre-clinical development, Genentech develops, commercializes drug candidates
SeeNews Pharmaceuticals (07/13)
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Men's Health Issues
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Bayer selling Nebido testosterone undecanoate to Gruenenthal for US$503.3M; injectable or oral drug treats hypogonadism, or testosterone deficiency, and is licensed in US as Aveed by Endo Pharmaceuticals, with sales totaling €117M in 2021
SeeNews Pharmaceuticals (07/15)
Orion partners with Merck to co-develop, commercialize Orion’s oral, non-steroidal inhibitor ODM-208 and other drugs to treat metastatic castration-resistant prostate cancer; deal includes US$290M payment from Merck to Orion
Business Wire (07/14)
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Women's Health Issues
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Sanitary napkins are most popular period products in India, mostly from cultural taboos, but rising awareness for women's health will boost alternatives; emerging brands note trends in eco-friendly/reusable products, holistic wellness, online availability
afaqs.com (07/18)
FDA removes hold on Greenwich LifeSciences’ Phase 3 study of injectable GLSI-100 to treat breast cancer in patients with residual disease or who have high risk of disease returning; FDA placed initial hold due to manufacturing, pharmacy issues
SeeNews Pharmaceuticals (07/13)
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Health Studies
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Study finds strong evidence supporting vitamins A, C, D, folate, DHA in prenatal dietary supplements; review of 188 supplements finds most have far fewer than recommended dosage levels: Maternal Health, Neonatology and Perinatology
Nutra Ingredients (07/18)
NHANES studies show about 42% to 54% of US consumers use alternative health strategies such as herbal medicines, dietary supplements; alternative health product use lowest in Ireland at 21%, with Czech Republic reporting up to 86% usage: Drug Safety
Nutra Ingredients (07/13)
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Home Use/Self-Care
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Burst Oral Care releases Teeth Whitening Trays for at-home whitening treatment; new trays combine 12.5% hydrogen peroxide with acidity-lowering potassium hydroxide and soothing xylitol, are custom-fit and prefilled for hard-to-reach places
PR Newswire (07/12)
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Foodborne Illnesses
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Goldsboro, North Carolina-based company Stormberg Foods recalls Beg & Barker Chicken Breast Strips Dog Treat, Billo's Best Friend Chicken Breast Strips Dog Treat and Green Coast Pets Chicken Crisps Dog Treats; product sample tests positive for Salmonella
Roanoke-Chowan News Herald (07/15)
Barry Callebaut says it will restart the first chocolate production lines as of early August at its factory in Wieze, Belgium, following a salmonella outbreak at the site
Barry Callebaut AG (07/15)
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Nutritional
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Healthy Foods & Beverages
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University of Wisconsin chefs win Health Care Culinary Contest for plant-forward Afghan-style korma dish; contest seeks plant-forward dishes that avoid plant-based meat analogs, consider cost-per-serving guidelines so that hospitals can replicate them
Foodservice Director (07/18)
Nestle delists its Shreddies The Simple One breakfast cereal, introduced in the UK in April 2021; cereal was designed to be healthy, free of artificial colors and flavors amid government drive to reduce promotion of products high in fat, sugar or salt
MarketLine (07/15)
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Vitamins/ Supplements
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Chinese company Xianie Health and its dietary supplement subsidiary Sirio Healthcare Holdings acquire 80% equity stake in US-based Best Formulations, a supplement product, contract development, manufacturing firm, for US$180M
Marketline - Deals (07/13)
Study finds 61% of ethnic-minority adolescents in primary care have low vitamin D levels, with vitamin deficiency increasing with age of patient; study included 119 adolescents from 12- to 18-years of age: Journal of Pediatric Health Care
The Breeze (James Madison University) (07/12)
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Demographics
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Millennials & Gen Z
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US teens aged 16 to 19 gained 884,000 jobs in June, up 41% compared to 625,000 jobs added in June 2021; participation rate for teens reached 42.9%, the highest rate in June since 2009: Challenger, Gray & Christmas
Challenger, Gray & Christmas Inc. (07/18)
Reckitt's brand Durex earns Best Idea, Customer Acquisition Bronze Award for its online campaign across Asia to expand its younger consumer base and e-commerce growth; campaign targeted university students starting school and intimate relationships
Xinhua Finance Agency (07/14)
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Children
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Canada approves Moderna’s Spikevax COVID-19 vaccine for children aged six months to five years; vaccine administered to this age group in two 25 µg doses
SeeNews Pharmaceuticals (07/18)
K-C celebrates 150th anniversary by awarding three US$150,00 grants to global nonprofits chosen by its employees; awardees are safe water initiative Water.org, girls education group She's the First and Project HOPEÂ organizations for nurses and midwives
Kimberly-Clark Corp. (07/15)
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Age 55+/Seniors/Baby Boomers
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Global immunoassay market projected to be worth US$45.8B by 2030, with 7.3% CAGR growth from 2020-2030; growth driven by rise in infectious diseases and cancer, aging population, increasing automation in medicine
Financial Services Monitor Worldwide (07/14)
GlobalData projects China's medical devices market to top US$42B in 2022, making up 8.3% global market; China expected to continue expanding its market due to aging population, tech improvements, development of clinic/hospital services in wake of pandemic
GlobalData Plc (07/12)
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Gender
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ATA launches Women in Motion program to highlight contributions of women to trucking, attract more to workforce; nearly 8% of professional drivers are women, which is an all-time high but still lags behind national average for workforce participation
PR Newswire (07/18)
Cummins names Jennifer Rumsey as CEO and president, effective August 1, which will make Rumsey the first woman to hold the position; Rumsey most recently served as company's COO and president and will succeed Tom Linebarger, who will stay on as chairman
Transport Topics (07/15)
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Ethnicity & Race
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New medical-grade skin-care line, Skin by Dr. Simran Sethi, caters to melanated skin tones; brand launches four skin systems--Hydration, Acne, Brightening and Signature--and AI technology to analyze skin and recommend a product system
PR Newswire (07/13)
CEO of Target's delivery business Shipt says company wants 'something for everybody' on its platform, is 'hyper-focused' on diversifying its mix of ethnic grocers, Black-owned and other diverse-owned businesses, as well as small, local, regional groceries
Arizona Daily Star (07/12)
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Age
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Euromonitor: Irish whiskey in early stages to become truly global spirit; Asian markets remain largely untapped, with India offering greatest opportunities, while single malt Scotch whisky is getting more popular with China's young cosmopolitan consumers
Euromonitor International Ltd. (07/14)
Mondelez releases its annual Human Rights Due Diligence and Modern Slavery report for 2021; highlights include investing US$3M to improve access to and quality of education for children in cocoa-growing regions in the Ivory Coast
Globe Newswire (07/12)
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Fitness
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Wearable Devices
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South China University of Technology researchers develop electrically conductive composite paper for flexible electronics, supercapacitors; paper is made with conventional papermaking process, has leaf-like cellulose filaments, silver nanowires: study
Electronics Daily (07/15)
Loomia Technologies, Advanced Functional Fabrics of America to develop lightweight, controllable heated glove insert for providing high dexterity in freezing environments; Loomia's patented e-textile also offers lighting, sensing functions in fabrics
Advanced Functional Fabrics of America (07/15)
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Consumer Wellness
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