Supplement industry news and updates – December 2023

December 14, 2023

2 Min Read
December supplement industry news and updates

Fastest growing international market: Mexico – article

The country’s supplement sales will grow 10.8% this year—compared to 2.6% growth for U.S. sales, according to the new Global Supplement Business Report. Mexican middle class expansion and income growth are expected to keep the country amid top-performing markets in 2024, too. Learn more about international opportunities here.

AI can give manufacturers an edge in global safety and compliance – article

A new safety and regulatory compliance platform combines artificial intelligence (AI) and human expertise, helping companies bring safer, sustainable and compliant products to market at speed. Learn more here.

6 SupplySide West ingredient trends – article

Innovation on the Vegas show floor will drive finished product sales trends. Women’s health ingredients with benefits beyond menopause and ingredients featuring “nature’s Ozempic,” berberine, stood out, including one company’s time-release version. Brain-boosting ingredients sparked synapses across the show with exciting potential for both aging—and younger—consumers. Read more here.

Get products on shelves more effectively by understanding retailer standards – report

If you’re a brand trying to convince retailers that your supplement products are the right ones to carry, one way to successfully make that case is to draw a clear line between your products and the retailer’s standards. Dig in by accessing this report from SPINS to learn more about retailer standards and how they serve as criteria for selecting (and rejecting) products carried in their store. Read more here.

FDA facility inspections back up to normal – article

After a big drop in audits during the pandemic, the Food and Drug Administration performed about 500 inspections of dietary supplement facilities in FY2023. The agency inspects about 500 to 600 facilities—5% of known operations—annually. During the height of the pandemic in 2020, however, inspections dropped 52%. Read more here.

Product listing’s a priority, says FDA (again) – article

The Food and Drug Administration further emphasized its support of a legislative proposal requiring a listing of dietary supplement products and the ingredients in them during a conference hosted by the American Herbal Products Association. Find out why the industry is split on the proposed legislation here.

Who will fight New York’s new weight-loss supplements law? – article

The industry is concerned about the legislation, which will restrict minors’ access to supplements marketed for weight loss and muscle building. It’s the first bill that imposes age limits on the sale of dietary supplement products, including creatine, that have been sold lawfully in interstate commerce for decades. Learn why many oppose it, but no one’s lining up to take it to court here.

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