Major Acquisitions & Changes in Booming Dietary Supplement Industry:• https://www.coreysdigs.com, By Corey Lynn
The vitamin industry is booming, and major players in gene-editing, nanotech, and biotech are eyeing a piece of the action, while several key acquisitions of dietary supplement companies have taken place. The global dietary supplements market is projected to increase from $71.81 billion in 2021 to $128.64 billion in 2028, with an expected compound annual growth rate of 8.68% within that timeframe. The vitamin industry saw massive growth since the Covid bioweapon was unleashed on the world, with a 26.9% increase in 2020 alone. Meanwhile, mega-corporations like Nestle have made major moves in the vitamin industry, such as the acquisitions of Atrium Innovations, The Bountiful Company and Puravida, just to name a few.
The supplement industry is not only growing, but it is also evolving. A new generation of performance enhancing, anti-aging and longevity 'supplements' have come on the market, such as FitBiomics. FitBiomics is behind Nella – a genomics-based "next generation" probiotic to enhance performance in athletes. The FitBiomics team states that, "among the athletes who use Nella are two US 2020 Tokyo Olympic medalists: Adeline Gray won silver in wrestling and Krysta Palmer won bronze in diving. In 2021 Nella was also named the official probiotic of St. John's University, and in 2022 the San Francisco Marathon partnered with FitBiomics." George Church, who co-founded FitBiomics, is known as "the founding father of genomics," and is a serial entrepreneur in dozens of gene editing, gene therapy, and biotech companies.
As the dietary supplements industry rapidly progresses, it is important to know who owns your vitamins. NIH hosts a Dietary Supplement Label Database where you can search for any supplement and review the label breakdown. The following list outlines several popular supplement companies, their countries of origin, and in some cases, which companies acquired them.