According to a recent report from Grand View Research, the global sports nutrition market size was valued at $10.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.9% from 2021 to 2028 and numbers are estimated to increase participation in fitness activities and drive the consumption of different supplements including sports nutrition products during the forecast period.
On September 20, Herbalife Nutrition (NYSE: HLF) a premier global nutrition company, will open its doors and begin shipment of its first orders from its newest distribution center in Hagerstown, Maryland.
The new 178,000 square foot facility will help meet the growing demand for the company’s nutrition products and will service the distribution needs for the Eastern and Northeastern regions of the United States. The facility will employ approximately 85 people and contribute approximately $6 million annually to the local economy.
The facility is the company’s third U.S. distribution center, joining Los Angeles and Memphis.
Herbalife Nutrition (NYSE:HLF) is a global company that has been changing people’s lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company’s global campaign to eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world.
Torque Lifestyle Brands Inc. (OTC Pink: TQLB), an emerging leader in the $150B+ sports nutrition and supplements market, recently announced the successful sale of its American Metabolix subsidiary for $1.3 million in total consideration, coming in the form of $500k in cash and the divestiture of $800k in current liabilities.
The deal will leave Torque in position to fully fund its recent 51% owned manufacturing joint venture partnership (the “JV”) with leading contract manufacturer Zero Day Nutrition (“Zero Day”), which carries the potential for multi-million-dollar sales for the Company given that it includes the rapidly growing, award-winning sports nutrition brand, Glaxon (Glaxon.com).
Torque Lifestyle Brands Inc. (OTC: TQLB) is an emerging leader in the $150B+ sports nutrition and supplements market. Leveraging a growth-by-acquisition model and a growing suite of influencers as brand ambassadors, the Company offers a wide array of active lifestyle products through its e-commerce presence and tier-1 U.S. retailer relationships. Torque’s growing family of in-house brands include Storm Lifestyles and Core Natural Sciences. For more information, please visit the Company’s website at www.torquelb.com.
The company brands itself as an emerging leader in the Functional Foods marketplace that owns and operates leading functional foods brand, SINFIT Nutrition, which offers a range of high-end Functional Foods. It has also recently acquired a number of growing brands with commercial exposure, including Fizzique, MPB Snacks, NXT Bar, Nature Soothie, and Yourganics, all of which can claim numerous significant awards and wide distribution, including exposure in major retail marketplaces
Else Nutrition Holdings inc. (OTC: BABYF) the plant-based baby, toddler and children nutrition company, is pleased to report on its Amazon progress and plans:
Following its stellar success on Amazon in the US, Else was recently invited by Amazon EU to launch a European unified account that will allow Else to sell its unique products on all of Amazon European marketplaces including the UK, Germany, France, Italy, Spain, the Netherland, and Sweden representing a market with over 300M people.
Else already started the onboarding process with Amazon’s support and plans to launch its first European market in early 2022.
