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Supplement industry news and updates – March 2023Supplement industry news and updates – March 2023
Inside the Bottle brings you the latest supplement industry news in this monthly roundup.
March 6, 2023
Sponsored by Inside the Bottle
FDA Commissioner Robert Califf, M.D., revealed he supports a requirement that manufacturers of dietary supplements list their products with his agency. The Natural Products Association and the Council for Responsible Nutrition reacted strongly—taking opposing sides of the issue. Read more here.
Cardiovascular health supplements growth can be described in just the terms you would like your cardiologist to describe your EKG: “solid, but not exciting.” Stay on top of the category data from SPINS and further analytics from Nutrition Business Journal in the quick analysis from ITB. Read more here.
Sellers can no longer sell the anti-aging ingredient as a dietary supplement after March 13, 2023, after the FDA ruled it “a drug, or drug ingredient, that requires FDA approval.” Natural Products Association President and CEO Dan Fabricant called it an “unfortunate development,” and noted that “FDA’s habitual neglectful abuse of the law should scare anyone in the dietary supplement industry.” Read more here.
The country’s largest health insurance provider doesn’t mention clinical trials within its new Framework for Health Equity 2022-2032. “It is time we place greater accountability on our government institutions to ensure health data and the resultant evidence-based treatment is relevant to all—and for dietary supplement products to embrace this critical mandate,” according to Radicle Science.
Herbalife Nutrition Ltd.’s yearly sales sunk by 10.4% year-over-year. NuSkin’s fourth quarter sales dropped by more than 22%, year-over-year. Find out how inflation, pandemic and the war in Ukraine impacted other MLM heavy hitters, including USANA Health Sciences Inc.—and how they still recorded profits. Read more here.
The Drug Enforcement Administration has concluded that the two synthetic cannabinoids do not meet the definition of hemp and are controlled substances. This does not impact the legal status of delta-8 THC, which can be found naturally in hemp. Find out why the Hemp Industries Association actually agrees with the government this time around. Read more here.
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