The Russian invasion of Ukraine this morning is expected to have little effect on the supply of ingredients to the dietary supplement industry in the near term. The picture for companies selling finished products within the two countries is less clear.
Global food and nutrition firm Nestlé is looking to strengthen its position in the Russian infant formula market, in addition to supporting sport in the Eurasia region with its first infant nutrition production facility.
A Russian money laundering investigation that yesterday culminated in a search of Valio's St Petersburg office has "no relation" to the activities of the Finnish dairy, says the agency behind the raid.
The Russian Prime Minister Dmitry Medvedev has announced a complete ban on the import of beef, pork, fruit, poultry, cheeses and milk from the EU, US, Australia, Canada and Norway, according to Russian media.
Sales of probiotic drinking yoghurts like Yakult and Danone Actimel are flatlining or dropping in most western European markets, and even in Japan where the concept was born, but BRIC markets are surging, and spoonables are shining brighter.
Emerging Swiss carotenoids and vitamins player Divis Nutraceuticals has signed a pan-European distribution deal with fellow Swiss chemicals specialist, Omya International, with particular growth potential seen in former Soviet Union markets like Russia.
Russia’s probiotic market that has shown annual growth rates of around 50% in recent years and settled closer to 10%, is benefitting from medical profession support, according to a leading paediatrician.
The high potential of the Russian market is no longer centered solely on Moscow and St Petersburg, according to National Starch Food Innovation, but prosperity in the regions is opening up broader opportunities.
Increasing consumer power in Russia is drawing food and beverage
manufacturers to set up base in the country - which, in turn, is
opening opportunities for ingredients suppliers to do more business
in the emerging market.
Raisio is gearing up to launch its Benecol brand of plant-stanol
containing foods in Russia - a challenging market where obesity and
cardiovascular disease levels are high but awareness of the dangers
of high cholesterol is low.
Russian authorities are set to readmit Polish dairy exports,
according to unconfirmed reports appearing in the Polish press last
week, but will this be enough to satisfy overseas investors?
asks Tom Armitage.