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 Industry Roundup |
Consumer Economics
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University of Michigan's Index of Consumer Sentiment posts final June reading of 50.0, down from May's 58.4; about 79% of consumers expected bad times in year ahead for business conditions, highest since 2009 as inflation remains key concern for consumers
University of Michigan (06/24)
Euromonitor: Discounters are fastest-growing grocery channel globally, with Aldi and Lidl actively expanding; consumers have become less likely to spend time seeking bargains, but favor trusted store brands that offer value for money at acceptable quality
Euromonitor International Ltd. (06/23)
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Consumer Health & Wellness
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Study finds PFAS migrate from paper food contact materials treated with per-, polyfluorinated alkyl substances at high temperatures; estimated PFAS exposure for children was 1.06 to 5.67 ng/kgbw/day, over EFSA’s proposed threshold of 0.63 ng/kgbw/day
Food Chemistry (06/27)
Hyundai Mobis develops Smart Cabin Controller with four sensors that analyzes occupant vital signs, allowing vehicle to serve as health check-up center and enabling safer driving; controller measures occupants’ posture, heart rate, brainwaves
Automotive Interiors World (06/27)
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Consumer Behavior/Attitudes
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US at-home nail polish segment in 2021 was 26% larger than 2019 levels, while professional nail-care market remains at three-quarters of 2019 value; stronger return to salons expected as business travel, special occasions, launch activity increase: Kline
Happi (06/27)
Fashion Institute of Technology posts study about changes in beauty industry since the pandemic; study encourages brands to cater to both in-person and digital retail to address concerns about accelerating technology, have users form emotional investment
CosmeticsDesign.com (06/27)
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Health Concerns, Trends & Statistics
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Insomnia affects about 28% of US adults, with 64% of those affected using sleep aids to fall asleep; 27% report using melatonin, 23% take prescription medications, 20% use marijuana or CBD to fall asleep or stay asleep: survey
The Breeze (James Madison University) (06/27)
US Preventive Services Task Force reports that evidence doesn’t support claims that supplements help prevent cardiovascular disease, cancer; Americans spent US$50B on vitamins, supplements in 2021, with supplement companies spending US$900M on marketing
WebMD Health Corp. (06/27)
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Health
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Cardiovascular/Heart Health
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Global soft tissue repair market expected to grow to US$17.2B by 2027, with CAGR growth of 4.7% from 2022 to 2027; growth driven by increases in obesity, cardiovascular diseases, trauma, growing need to manage patient blood loss, increasing R&D in field
PR Newswire (06/27)
St. Francis, Wisconsin-based natural pet food maker Gott Pet Products adds Adam Rosenbaum, Art McQuillan and Lee Higgins as strategic key accounts managers; company produces the Charlee Bear brand and Hound & Gatos, which offers heart healthy recipes
Pet Product Innovations LLC (06/22)
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Digestive/Gut Health
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Pet Releaf debuts supplement line to aid stress, joint, skin and digestive issues, available in hemp oils, capsules, chews and topical balm; company uses wind-powered baking facilities and hemp oil boxes made from 100% tree-free, biodegradable materials
Pet Product Innovations LLC (06/22)
Lloyds Pharmacy to offer delivery from 150 total UK stores via extended partnership with Deliveroo; most-ordered delivery items from Lloyds include cold and flu relief, painkillers, tissues, lozenges, digestive relief, pregnancy tests
Grocer (06/21)
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Fertility/Reproductive Health
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Raymond James: Perrigo's acquisition of HRA Pharma may be overlooked by investors, as HRA is expected to file application for OTC birth control pill by end-2022; in light of Roe v. Wade ruling, potential annual sales of HRA pill could hit US$100M-US$200M
Benzinga Lightning Feed (06/27)
Major US corporations react to Supreme Court's decision to reverse Roe v. Wade; in a wave of announcements, Disney, Netflix, Apple, Amazon and JPMorgan, among others, announce they will take steps to ensure female employees can access legal abortion
CE Noticias Financieras (06/24)
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Liver/Kidney/Bladder Health
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Pfizer investing US$25M in biotech firm Akero Therapeutics to fund development of injectable liver drug efruxifermin to treat cirrhotic, cirrhotic non-alcoholic steatohepatitis; deal gives Pfizer 6.7% of Akero’s common stock
SeeNews Pharmaceuticals (06/22)
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Mental Health
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California announced US$518.5M in grants to provide services, housing options to those with severe mental illness, substance abuse problems; will provide treatment beds and behavioural health services for more than 1,000 people at a time
Office of Governor Gavin Newsom (06/21)
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Immune System Health
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Bristol Myers Squibb reports Phase 3 trials show early Zeposia ozanimod oral treatment improved or preserved cognitive function in patients with relapsing multiple sclerosis; MS affects 700,000 people in Europe, 2.5 million people globally
Business Wire (06/27)
Checkpoint Therapeutics reports immunotherapy cosibelimab injectable shows efficacy treating locally advanced cutaneous squamous cell carcinoma in clinical trial, possibly doubling market opportunity; cSCC is second most common form of skin cancer
SeeNews Pharmaceuticals (06/21)
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Neurological/Cognitive Health
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UCI Health and Kindred Rehabilitation Services form JV to build US$80M, 68,000 square-foot, 52-bed inpatient rehabilitation hospital in Irvine, California; hospital services to include stroke, brain/spinal cord injury, trauma, burn, orthopedic services
Contify Life Science News (06/24)
AbbVie submits supplemental new drug application to FDA for Atogepant Qulipt, a preventive treatment for chronic migraines in adults; migraines affect 39 million people in US, are highest cause of disability for those under 50 years of age
PR Newswire (06/22)
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Women's Health Issues
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Walmart expands benefits for employees who want to enlist a doula --a person trained to assist during pregnancies-- to address racial inequities in maternal care; Black women are three times more likely to die from a pregnancy than white women, per CDC
Associated Press (06/27)
Low serum estrogen, progesterone levels may increase snoring, obstructive sleep apnea in middle-aged women; doubling estrone serum concentration reduced snoring 19%, doubling progesterone serum concentration cut snoring 9%: study
The Breeze (James Madison University) (06/27)
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Health Studies
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Blackrock Neurotech partners with University of Pittsburgh to expand remote brain-computer interface studies using Blackrock’s in-home BCI system; implantable BCIs let people with paralysis control external devices such as computer cursors, robotic arms
PR Newswire (06/23)
COVID-19 incidents, hospitalizations higher for disability-eligible Medicare beneficiaries; rates highest among Native Americans, Alaska Native people, with all racial groups seeing higher rates among disability-eligible patients: study
The Breeze (James Madison University) (06/21)
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Foodborne Illnesses
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Wegmans recalls Vidalia onions from its stores because of possible listeria contamination
Food Safety News (06/27)
FDA starts a probe after being notified of another infant death in January potentially related to Abbott Laboratories’ baby formula
Marler Blog (06/23)
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Nutritional
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Healthy Foods & Beverages
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Scientists develop vitamin K1-supplemented soy protein film as a functional food for bone nutrition; films contain about 67% of protein per 100g, presence of essential oils in the film also imparts antimicrobial properties
Food Bioscience (06/27)
Fitch expects US food spending in 2022 to grow 6.6% year-over-year to US$1.0T; key trends include convenience where households spend more on packet foods, and healthification where spending growth is stronger in fruits/vegetables, weaker in sugar products
Fitch Solutions Sector Intelligence (06/21)
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Vitamins/ Supplements
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Ikaria Beauty, the beauty brand by TV personality Debbie Matenopolous, unveils two new products; Protect Antioxidant Glow Facial Mist has plant extracts to brighten and protect from pollutants, and Restore Skin Reviving Beauty Tea is a collagen supplement
PR Newswire (06/23)
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Demographics
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Gen X
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University of Bradford to create project to fund initiatives that research skin microbiome as part of UK government's Skin Microbiome in Healthy Aging scheme; project to investigate research areas including women's health, effect of menopause on skin
Nutra Ingredients (06/22)
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Millennials & Gen Z
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SPF products are must-haves among Gen Z, millenials as beauty influencers across social media tout sunscreen as vital in skin-care routines; Spate's 2022 sun-care trend report finds searches with keywords 'mineral sunscreen,' 'tinted sunscreen' up 33%
Business Insider (06/22)
Younger generation beer drinkers in the UK are driving the move away from classic lagers toward more premium brands, and are also the predominant force looking for innovation in no- and low-alcohol beer, according to report from Heineken UK
Restaurant Magazine (06/22)
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Children
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FDA grants accelerated approval for oral Tafinlar dabrafenib and Mekinist trametinib from Novartis to treat unresectable or metastatic solid tumors with BRAF V600E mutation in adult, pediatric patients; BRAF V600E accounts for 90% of BRAF-mutant cancers
PharmaBiz (06/27)
Publix says its stores will not offer COVID-19 vaccine to children under age 5 at this time, has not explained decision; Florida, where Publix is based, is the only US state not to be pre-ordering doses of the under-5 vaccine
Associated Press (06/23)
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Age 55+/Seniors/Baby Boomers
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Advanced technologies designed to help older drivers in their 70s, 80s could cut accidents at intersections by one-third; about 60% of accidents could be addressed by at least one of seven driving assistance technologies: study
Insurance Institute for Highway Safety (06/21)
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Gender
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Biden administration announces the Women of Trucking Advisory Board, which aims to identify barriers to women entering and staying in the driving profession, to be launched later this year; board aims to present new pathways for underrepresented groups
Transport Topics (06/27)
Henkel names three winners for its new Martha Schwarzkopf Award for Women in Science award; research award honors European female scientists with projects in hair research or related areas with prize of €10,000 and mentoring support
Henkel AG & Co. KGaA (06/27)
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Ethnicity & Race
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L'Oreal announces two winners for L'Oreal Africa Hair and Skin Research Grants; research is focused on broadening data on African hair and skin, will help create new guidelines for hair- and skin-care
AllAfrica (06/23)
Share of Hispanic workers in the US construction industry reached 31.5% in 2021 compared to 16.7% in 2001; Hispanics overrepresented in construction industry compared to 18.8% across all industries: NAHB
National Association of Home Builders (NAHB) (06/23)
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Age
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Consumption of ultra-processed foods among US teenagers declined during the COVID-19 pandemic, marking the first such decline in 30 years, according to a new study
NewsRx COVID-19 Daily (06/27)
L'Oreal Paris introduces Men Expert One-Twist Hair Color, its first permanent hair color technology for men to cover gray hairs; product provides undetectable gray coverage in five minutes that lasts up to six weeks, available in seven shades
PR Newswire (06/27)
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Population/Demographics
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Moody's: Job markets hottest in mid-sized cities with under 2.3 million population, low/no income taxes, climates for year-round outdoor activities; report highlights Nashville; Salt Lake City; Austin, Texas; Jacksonville, Florida; Raleigh, North Carolina
VentureBeat (06/27)
Coca-Cola Beverages Africa, Namibia Polymer Recyclers to establish recycling facility that will turn used PET flakes into beverage bottles; companies also commit to increase number of women, young people employed in plastic waste recycling, PET collection
Krishijagran.com (06/23)
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Fitness
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Fitness, Exercises & Sports
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Evian to pilot deposit return program at Wimbledon in London on June 27-July 10; Return4Reward incentivizes attendees to recycle drink containers on-site, at specific points around Wimbledon Town itself by using QR, barcode scan for finals tickets drawing
Packaging News (06/24)
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Wearable Devices
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Scientists develop nonwoven with printed conductive polymer layer for wetness detection in diapers, sanitary pads; smart, wearable fabric helps prevent rashes, infections by alerting nearby mobile device when saturated, and it does not require batteries
Textile Value Chain (06/27)
Scientists develop flexible, lightweight, 'robust' nanogenerator for electronic devices made from polyvinylidene fluoride nanofibers electrospun into nonwoven fabrics; generator's output up to 15.5 V, or 15 times higher than pristine PVDF nanofabrics
Nanotech Daily (06/23)
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Consumer Wellness
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