Australian supplement companies expand markets
Despite reductions in export revenue, Australia’s supplements sector expanded during the pandemic, with firms pivoting to immunity products and finding new export markets.
Despite reductions in export revenue, Australia’s supplements sector expanded during the pandemic, with firms pivoting to immunity products and finding new export markets.
Four big trends are fuelling beverage innovation across the APAC region, and they’ve only been accelerated by the COVID-19 pandemic.
Online pre-sales of Australia’s first plant-based, certified-organic infant and toddler formulae are strong, at home and worldwide. The bad news? The formulae’s base ingredient, certified-organic rice, must be imported from the Middle East as it’s not available in Australia.
On 15 November 2020, Australia signed the Regional Comprehensive Economic Partnership (RCEP), alongside China, Hong Kong, Japan, New Zealand and all the ASEAN nations, together comprising the world’s biggest trading bloc.