CMA Provides an Industry Snapshot into Australia’s Complementary Medicines for 2018

Complementary Medicines Australia (CMA) is the peakbody for the complementary medicines industry, representing members across the supply chain, including manufacturers, importers, exporters, raw material suppliers, wholesalers, distributors and retailers. Regulated in Australia as medicines, complementary medicines include vitamins, mineral and nutritional supplements, homeopathic, aromatherapy products and herbal medicines. The term ‘complementary medicines’ also comprises traditional medicines, which includes traditional Chinese medicines, Ayurvedic, Australian Indigenous and Western herbal medicines. This fascinating snapshot of the current Australian market points out, among other things, that Australia’s Complementary Medicines Industry has annual revenue of AU$4.9 billion which represents a $2.0 billion growth over the last 5 years.   Source: CMA industry snapshot

 

Quote for the month:

“Be not afraid of going slowly; be afraid only of standing still”   Anon.

RFA Breaking News

Complementary Medicines (“Dietary supplements”):

  Australians Rewrite Complementary Medicine Rulebook Times are changing in the world of Australian complementary medicine regulations and New Zealand producers will need to act fast or risk losing out to…

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Foods:

  Honey Scandal Continues to Grow As reported by this newsletter in December 2014, Australia’s consumer watchdog, the ACCC, fined two companies for selling “Turkish Sugar Syrup” labelled as honey..…

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Cosmetics and household cleaning products:

  NICNAS Annual Reporting Due by 28 September The National Industrial Chemicals Notification and Assessment Scheme (NICNAS) governs the safe use of a broad range of chemicals including those used…

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Marketing News:

  CMA Provides an Industry Snapshot into Australia’s Complementary Medicines for 2018 Complementary Medicines Australia (CMA) is the peakbody for the complementary medicines industry, representing members across the supply chain,…

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Complementary Medicines (“Dietary supplements”):

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Foods:

  Heinz to Pay $2.25 Million Fine for 'Deceptive' Peddling of Toddler Snack Food giant Heinz has been ordered by the Federal Court to pay $2.25 million in penalties after…

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