Supplements and healthy foods are proving to be more resilient than other sectors in the midst of the current economic freeze. Investment banker David Thibodeau tells Lorraine Heller why this sector will continue to perform.
Omega-3 supplier Martek Biosciences has reported a strong performance in the first quarter, indicating a growing interest in DHA despite the tight economy.
Cyanotech, which produces nutritional ingredients from microalgae, has said its focus on increased productivity and cost containment has helped reverse its loss from last year’s third quarter.
Swedish probiotics specialist, BioGaia, has turned in an impressive set of financial results for 2008, maintaining the 30 per cent-plus growth it has achieved annually for the best part of this decade.
Microalgae supplier Cyanotech said an increased productivity for spirulina and astaxanthin have helped lift its business out of loss in the second quarter.
Lipid Nutrition has signed an agreement to make ChemPoint the exclusive distributor of its weight management ingredients to the North American dietary supplement market.
DSM has turned in a healthy third quarter, with its nutrition division seemingly unaffected by the financial meltdown and demonstrating “sustained strong profitability”.
