Weekly Highlights in Nutraceuticals and Health Markets
Impact of Super El Niño on Fish Oil Supply
- Peru’s Fishing Ban: Due to concerns over a potential “super” El Niño, Peru has extended its fishing ban indefinitely, originally set to expire on June 10. This season has seen a slow progression due to a high proportion of juvenile fish, raising concerns for the fishing industry.
- El Niño Effects: The phenomenon can lead to flooding and drought, which impacts agriculture and the global fish supply by disrupting cold-water upwelling crucial for marine life. The Peruvian anchoveta, vital for fish oil production, is particularly affected, leading to significant supply shortages and price increases according to Dr. Enrico Bachis of The Marine Ingredients Organization (IFFO).
Innovative Ingredients in the Nutraceutical Sector
- Benicaros Approval: The European Commission approved Ingredion’s upcycled prebiotic carrot ingredient, Benicaros, allowing its use in food supplements across the EU. This ingredient was developed by NutriLeads and focuses on improving gut health.
- SuppCo Acquisition: Health platform Function has acquired Supplement intelligence tool SuppCo. This merger aims to enhance the connection between lab testing, imaging, and reliable supplement advice, helping consumers make informed choices about their health.
Advances in Men’s Health Products
- Botanic Healthcare Initiatives: Indian company Botanic Healthcare is launching new men’s health innovation targeting two age demographics: men aged 25-45 and older men above 45. The focus is on overall wellness rather than just sexual health, addressing specific needs like strength and testosterone levels.
Conclusion
The latest developments highlight ongoing challenges in global supply chains, particularly due to environmental factors, while also showcasing innovation in the nutraceutical market aimed at addressing diverse consumer health needs.
