Turkey's Unique Position for Consumer Products and Its Growing Demand for Nutritional Supplements
Regionalized markets within the nutritional supplement industry are unique entities with many variables. Trends and projected figures can often change due to the different dynamics surrounding a region's cultural and geographical specificities. In many cases, geographical location; laws and regulations; climate; racial heritage; and religious beliefs can move the needle in certain areas of health in one region as opposed to another.
What to Know About FDA Labeling and Manufacturing Regulations for Nutritional Supplements
With the global nutraceutical industry expected to reach $204.8 billion by 2017, regulators such as the US Food and Drug Administration (FDA) are tasked with ensuring the safety of these products, including how they are manufactured, clarification of ingredients and amounts, labeling, and packaging. Many top companies see increased regulations and enforcement of current good manufacturing practices (cGMPs) as a positive sign for industry growth.
Factors for the Future of Nutritional Supplement Trends in Canada
When comparing global trends for nutritional supplements it is important to keep in mind that different regions will contain different factors and outliers that influence that region's industry. Local economics, government regulations, and population can all dictate what a certain market will look like. The Canadian health market, for example, has emerged in the last few years as one of the fastest-growing markets for nutritional supplements and health products.
Why Private Labeling Fits Perfect in a Distributors Business Model
A successful business in any type of industry needs to be aware of current trends in order to take advantage of them. Adding on to your business can always be thought of as a risk/reward venture; the key is to properly evaluate and assess the situation to put your company in the best position to succeed while striking ground in new areas.