$GTEH SINFIT products are extremely well-positione
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Posted On: 08/07/2020 9:48:48 AM
$GTEH SINFIT products are extremely well-positioned relative to its market peers and to the long-term macro tailwind defining the functional foods market, which saw sales top $267 billion in February of this year on a global basis, with sales in the US reaching $63 billion, according to Euromonitor 2020. This trend is part of a larger supportive momentum in the general category, with global sales of organic food and drink topping $105 billion in 2018 (Ecovia 2019). U.S. organic food sales also reached $47.9 billion, up 5.9% in 2018 (OTA 2019). In 2019, 77% of U.S. adults used dietary supplements, an all-time high (CRN 2019). U.S. supplement sales are estimated to have reached $49.3 billion in 2019, up 6.2% (NBJ 2019).
David Lovatt, CEO of GenTech, added, "Fusion has a tremendous network and increasing mass retail footprint, and we anticipate a strong and growing flow of orders through this new channel. We look forward to years of productive and mutually beneficial business with Sheila and her exceptional team, as SINFIT gains an accelerating position in the rapidly growing functional foods marketplace."
https://www.nasdaq.com/press-release/gentechs...p-as-a-new
David Lovatt, CEO of GenTech, added, "Fusion has a tremendous network and increasing mass retail footprint, and we anticipate a strong and growing flow of orders through this new channel. We look forward to years of productive and mutually beneficial business with Sheila and her exceptional team, as SINFIT gains an accelerating position in the rapidly growing functional foods marketplace."
https://www.nasdaq.com/press-release/gentechs...p-as-a-new
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