The global market size of Omega-3 fatty acids reached RMB 16.69 million yuan (USD $2.43 billion) in 2022 and is expected to grow at a CAGR of 7.8% from 2023 to 2030, which is higher than other nutrients. Among the many ingredients for plant-based Omega-3 fatty acids, algae are comparably mature in commercial applications. In … Read more
The volume of users using WeChat – the social media ‘super app’ that rules the roost in Chinese ecommerce – was up 23% this Chinese New Year compared to the last, with UK and international businesses seeing a steady rise in activity as they become more creative with how they engage Chinese shoppers. Data released by … Read more
Recently, Qcc.com showed that Hubei Weiqi Biotechnology Co., Ltd. was established, and the legal representative is Cai Guoliang, with a registered capital of RMB 100 million yuan (USD $13.91 million). This company is jointly owned by Beijing PhaBuilder (60%) and Angle Yeast (40%). The scope of operation includes new membrane materials manufacturing, high-performance fiber and … Read more
The National Health Commission issued a notice to further standardize the management of “List of Strains that can be Used for Food” and “List of Strains that can be Used for Infant Food”, and the review body organized experts to update both lists. A 2-year transition period is set for strains involved in the classification … Read more
