Major Acquisitions & Changes in Booming Dietary Supplement Industry: Do You Know Who is Behind Your Vitamins?

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    by Corey Lynn, Corey’s Digs:

    The vitamin industry is booming, and major players in gene-editing, nanotech, and biotech are eyeing a piece of the action, while several key acquisitions of dietary supplement companies have taken place.  The global dietary supplements market is projected to increase from $71.81 billion in 2021 to $128.64 billion in 2028, with an expected compound annual growth rate of 8.68% within that timeframe.  The vitamin industry saw massive growth since the Covid bioweapon was unleashed on the world, with a 26.9% increase in 2020 alone.  Meanwhile, mega-corporations like Nestle have made major moves in the vitamin industry, such as the acquisitions of Atrium Innovations, The Bountiful Company and Puravida, just to name a few.

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    Source: Fortune Business Insights

    The supplement industry is not only growing, but it is also evolving.  A new generation of performance enhancing, anti-aging and longevity ‘supplements’ have come on the market, such as FitBiomics.  FitBiomics is behind Nella – a genomics-based “next generation” probiotic to enhance performance in athletes.  The FitBiomics team states that, “among the athletes who use Nella are two US 2020 Tokyo Olympic medalists: Adeline Gray won silver in wrestling and Krysta Palmer won bronze in diving. In 2021 Nella was also named the official probiotic of St. John’s University, and in 2022 the San Francisco Marathon partnered with FitBiomics.”  George Church, who co-founded FitBiomics, is known as “the founding father of genomics,” and is a serial entrepreneur in dozens of gene editing, gene therapy, and biotech companies.

    As the dietary supplements industry rapidly progresses, it is important to know who owns your vitamins.  NIH hosts a Dietary Supplement Label Database where you can search for any supplement and review the label breakdown.  The following list outlines several popular supplement companies, their countries of origin, and in some cases, which companies acquired them.

    Company: Atrium Innovations

    Country: Canada

    Founded: 1999

    Acquired By: Nestle Health Science

    Acquired Date: 2018

    Company: Arizona Nutritional Supplements

    Country:  United States

    Founded: 1996

    Acquired By: Endeavour Capital

    Acquired Date: 2013

    Note: Arizona Nutritional Supplements is a contract and private label manufacturer of vitamins and supplements.

    Company: Best Formulations

    Country: United States

    Founded: 1984

    Acquired By: Sirio Pharma Acquired Date: 2023

    Company: Biotics Research

    Country: United States

    Founded: 1971

    Note: Family-owned company

    Company: BYHEALTH International

    Country: China

    Founded: 1995

    Company: Country Life

    Country: United States

    Founded: 1971

    Joint Venture Agreement With: Kikkoman, partly owned by Master Trust Bank of Japan, Japan Trustee Services Bank & Oriental Land Company Joint Venture Agreement Date: 2005

    Company: Doctor’s Best

    Country: United States

    Founded: 1990

    Acquired By: sold to North Castle Partners in 2014, acquired by Xiamen Kingdomway Group Co, China

    Acquired Date: 2016

    Company: FitBiomics

    Country: United States

    Founded: 2019

    Note:  founded by George Church, often called the “founding father of genomics,” and Jonathan Scheiman. They are making Nella – a genomics-based probiotic to enhance performance in athletes.

    Company: Gaia

    Country: United States

    Founded: 1987

    Acquired By: merger with SALUS Haus, Germany Acquired Date: 2021

    Company: Garden of Life

    Subsidiary Of: Atrium Innovations, Canada

    Country: United States

    Founded: 2000

    Acquired By: Parent company Atrium Innovations acquired by Nestle Health Science Acquired Date: 2018

    Company: GNC

    Country: United States

    Founded: 1935

    Acquired By: Thomas H Lee Investment group, 1989, then sold to Harbin Pharmaceutical Holding Group Co. LLC, China

    Acquired Date: 2021

    Company: GSK

    Country: United Kingdom

    Founded: GlaxoSmithKline Pharmaceuticals Ltd founded in 1924
    Note: Here is an A-Z list of GSK brands

    Company: Kirkland (Costco)

    Country: United States

    Founded: 1995

    Note:  Kirkland products are manufactured by their partners. Each supplement sold under the Kirkland name may have a different manufacturer.  Kirkland labeled bottles have a vitamin information hotline to call for more information.  Kirkland supplements are made in the United States with ingredients that may be sourced from other countries.

    Company: Klean Athlete

    Subsidiary Of: Douglas Laboratories, Canada

    Country: United States

    Founded: 2012

    Acquired By: Parent company Douglas Laboratories acquired by Atrium Innovations in 2005, which was acquired by Nestle Health Science

    Acquired Date: 2018

    Company: Life Extension

    Country: United States

    Founded: 1980

    Note: The Life Extension Buyer’s Club is associated with the Life Extension Foundation, which changed its name in 2018 to Biomedical Research & Longevity Society.

    Company: Matsun Nutrition

    Country: United States

    Founded: 1992

    Note: Matsun Nutrition offers a Private Label Supplement Program for clients to start private label vitamin and supplement companies. Matsun Nutrition provides manufacturing of the vitamins and supplements.

    Company: MegaFood

    Subsidiary Of: FoodState, United States

    Country: United States

    Founded: 1973

    Acquired By: Parent company FoodState acquired by Pharmavite, a subsidiary of Otsuka Pharmaceutical Co., Ltd, Japan

    Acquired Date: 2014

    Company: Metagenics

    Subsidiary Of: Alticor, Inc., United States

    Country: United States

    Founded: 1983

    Acquired By: Gryphon Investors

    Acquired Date: 2021

    Company: Nature Made

    Subsidiary Of: Pharmavite, United States

    Country: United States

    Founded: 1971

    Acquired By: Parent company Pharmavite acquired by Otsuka Pharmaceutical Co. Ltd, Japan

    Acquired Date: 1989

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