Top Nutraceuticals Markets and Companies in 2019

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Nutraceuticals - Jan 2019
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on January 25, 2019.
Nutraceuticals Feed Summary
4
Nutraceuticals > Feed Summary
Products derived from natural sources with extra health benefits in addition to the basic nutritional value found in food.
• Inclusions: The feed covers companies manufacturing
and marketing nutraceutical ingredients/raw materials,
functional foods, functional beverages, and dietary
supplements with detailed product sub-classification.
• Exclusions: The feed does not cover marketing
companies, distributors, retail chains, animal nutrition
products, and online platforms selling nutraceuticals.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$5.9B
Funding
175
Mega
Companies
7175069
FundedCovered on
Tracxn
3
Unicorns
6
Soonicorns
17
Minicorns
142
IPO’d Cos
214
Late Stage Cos
79
199
Acquisitions
200
DeadPooled
-
Acquihired
Series A+ Cos
Frutarom
(1933, Haifa)
Ingredion
(1906, Chicago, $25M)
Lonza
(1897, Basel)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Nutraceuticals
5
$300M - Series C
Body Armor (2011, Beverly Hills, $335M)
$35M - Series B
MycoTechnology (2013, Aurora, $81.7M)
$159M - PE
BOTAMEDI GROUP (2001, Seoul, $159M)
$35M - Series B
Before brands (2015, San Francisco, $48.1M)
$157M - PE
True Health (1987, Cottonwood, $157M)
$33.9M - Series B
Nuritas (2014, Dublin, $59.6M)
$50M - Series B
Soylent (2013, Los Angeles, $74.5M)
$30M - Series B
Harmless Harvest (2009, San Francisco, $30M)
$50M - Series A
Cerecin (2001, Singapore, $50M)
$29M - Series B
Care/of (2016, New York City, $42.9M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Nutraceuticals > Feed Summary > Investment Trend Summary
Seed AccelFoods (#3), Fireside Ventures (#2), KarpReilly (#1)
Series A/B
AccelFoods (#2), CAVU Venture Partners (#2), Tao Capital
Partners (#2)
Series C+
CPP Investment Board (#2), S2G Ventures (#1), CAVU Venture
Partners (#1)
Incubators Brand Capital (#4), MassChallenge (#4), 500 Startups (#2)
Other Notable
Investors
North Castle Partners (#8), Department of Biotechnology (#5),
IndieBio (#5)
Debt Investors TPG (#3), Enterprise Ventures (#2), Idinvest Partners (#2)
Most Active InvestorsRecent Investments
385
470 484
352
130
2014 2015 2016 2017 2018 2019*
Y-o-Y # of Companies Founded 53 77 86 76 75 2
$3B
$417M
$171M
$159M
$80M
US
Europe
India
South
Korea
Nigeria
$ Funding
$133M
$482M
$388M
$745M
$862M
$7M
2014 2015 2016 2017 2018 2019*
$ Funding $ Funding Predicted
# Rounds # Rounds Predicted

Summary of exit outlook in Nutraceuticals
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Enterprise Ventures 3
Science In Sport (1992, Manly)
Provexis (1999, Reading)
Kainos Capital 2
SlimFast (2010, Englewood Cliffs)
InterHealth Nutraceuticals (1987, Benicia)
North Castle
Partners
2
EAS sports nutrition (1992, Monterey)
Leiner (1996, Carson)
Steelpoint Capital
Partners
2
TA Associates
Management
2
Natrol (1980, Chatsworth)
Premier Nutrition (1997, San Francisco)
May 2018 Frutarom Acq for $7.1B
Apr 2018 Merck Acq by Procter & Gamble for $3.9B
Dec 2017 Atrium Innovations Acq by Nestlé for $2.3B
Feb 2017 Mead johnson Acq by Reckitt Benckiser for $17.9B
Jul 2013 Elan Acq by Perrigo for $8.6B
Dec 2012 Wyeth Nutrition Acq by Nestlé for $11.8B
Nutraceuticals > Feed Summary > Exit Outlook Summary
Frutarom 5
Enzymotec (Oct 2017, $210M), IBR (Feb 2018, $21M), Nutrafur
(Jun 2017, $16.9M)
Glanbia 4
SlimFast (Oct 2018, $349M), Optimum Nutrition (Aug 2008,
$315M), ThinkThin products (Nov 2015, $217M)
Nestlé 3
Wyeth Nutrition (Dec 2012, $11.8B), Atrium Innovations
(Dec 2017, $2.3B), Terrafertil (Feb 2018)
Swander Pace
Capital
3
Functional Formularies (Nov 2018), Captek (Dec 2015),
Swanson Health Products (Jan 2016)
Reckitt
Benckiser
3
Mead johnson (Feb 2017, $17.9B), Schiff Nutrition (Nov 2012,
$1.4B), Schiff Vitamins (Nov 2012)
Recent IPOs Top Acquisitions
HL Science Oct 2016
Manufactures health supplements
IPO MCap: $121M
Advanced Enzyme Technologies
Aug 2016
Manufactures enzymes for nutrition, food…
IPO MCap: $300M
Bajaj Health May 2016
Manufacturer and supplier of Supplements,…
IPO MCap: $17.6M
BIifido Dec 2018
Develops and markets functional food prod…
IPO MCap: $65.5M
Fiji Kava Oct 2018
Provider of herbal supplement
IPO MCap: $9.9M
Rapid Nutrition Mar 2017
Manufactures and exports nutritional prod…
IPO MCap: -
Arev Nutrition Feb 2017
Manufactures coconut based health drink p…
IPO MCap: -

FACTSHEET
Marketmap: Nutraceuticals
FOODS
PROBIOTICS & PREBIOTICS*
MEDICAL FOODS*
MEAL REPLACEMENT
HEALTH SNACK
MULTI-CATEGORY
ENERGY DRINK
SPORTS DRINK
FORTIFIED JUICE
PROBIOTIC DRINK
FUNCTIONAL BEVERAGESNUTRACEUTICAL INGREDIENTS
DIVERSIFIED
MULTI-CATEGORY
HERBAL SUPPLEMENTS
PLANT EXTRACTS & PHYTO-CHEM.
VITAMINS
MINERALS
SUPPLEMENTS
PROTEIN SUPPLEMENTS
ALGAL EXTRACTS
CONTRACT MANUFACTURING
Overview
Companies 5069
Funded 717 Series A+ 214
Funding $5.9B Last 2 yrs $1.2B
Most Active Investors
Seed AccelFoods (3)
Series A/B AccelFoods (2)
Series C+ CPP Investment Board (2)
Others North Castle Partners (8)
Incubators Brand Capital (4)
Top Cities
Bay Area 119 Cos $450M
San Diego 46 Cos $360M
Feed in Numbers
Unicorns 3 Soonicorns 6
Minicorns 17 Editor Picks 79
Acquihired - Deadpooled 200
Top Companies
Lonza (1897, Basel)
Frutarom (1933, Haifa)
Ingredion (1906, Chicago, $25M)
Exits
IPOs 142 Advanced Enzyme
Technologies, HL Science
Acquisitions 199 Mead Johnson, Wyeth
Nutrition
Top Acquirers Frutarom, Glanbia
* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds.
Excludes all details for Chinese companies.
Nutraceuticals > Feed Summary > BlueBox
7

Key Sub Sectors in Nutraceuticals Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Supplements >
Multicategory 1640 $335M 33
Nutraceutical Ingredients 221 $133M 9
Supplements > Herbal Supplements >
Plant Extracts and Phyto-chemicals 717 $52.1M 11
Diversified 296 $56.5M 9
Foods >
Health Snack 168 $14.5M 10
Foods >
Medical Foods 23 $58M 4
Supplements >
Others 265 $17.4M 6
Contract Manufacturing 237 $25.8M 5
Functional Beverages >
Fortified Juice 53 $25M 4
Supplements >
Vitamins 77 $22.1M 4
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Supplements
Companies that develop ingestible products that
contain a dietary ingredient intended...
3473 352 $3.6B
Functional Beverages
Companies that develop health drinks which include
ingredients like herbs, vitamins,...
313 81 $1.3B
Foods
Companies manufacturing healthy snacks and foods
529 125 $408M
Nutraceutical Ingredients
Companies manufacturing raw materials used for
manufacturing nutraceutical products
221 65 $341M
Diversified
Companies that manufacture more than one type of
nutritional product
296 53 $161M
Contract Manufacturing
Companies providing contract manufacturing services
for finished nutraceutical products
237 41 $89.4M
Nutraceuticals > Feed Summary > Summary of Key Markets

List of Notable Companies in Nutraceuticals
Notable Companies in the Sector (1/4)
9
Note: *(Founded Year, Location, Total Funding)
Nutraceuticals > Feed Summary > Notable Companies in the Sector
Public
Herbalife
(1980, Los Angeles)*
GNC
(1935, Pittsburgh)
Mega LifeSciences
(1982, Bangkok)
Advanced Enzyme
Technologies
(1989, Thane, $18.3M)
Weider Global Nutrition
(1936, Gilbert)
HL Science
(2000, Uiwang)
Balance Bar
(1992, Bohemia)
BIifido
(1988, Hongcheon)
Venture Life
(2010, Bracknell)
Kyung Nam Pharm
(1993, Changwon, $1.8B)
Public
Cell Biotech
(1995, Gimpo-si)
Medlab
(2012, Sydney)
Bioxyne
(1997, Sydney)
Best World
(1990, Singapore)
Bajaj Health
(1993, Mumbai)
Science In Sport
(1992, Manly)
Clover Corporation
(1988, Melbourne)
Kolmar BNH
(2004, Sejong)
Pochiraju Industries
(1995, Krishnagiri)
Fiji Kava
(2013, Subiaco)
Public
OptiBiotix Health
(2012, York)
Ganga Pharmaceuticals
(1989, Mumbai)
Vita Lifesciences
(1947, Melbourne)
TherapeuticsMD
(2008, Boca Raton, $186M)
Ingredion
(1906, Chicago, $25M)
Plandai Biotech
(2004, Goodyear, $15.3M)
True Drinks
(2008, Irvine, $11.8M)
AB-Biotics
(2010, Barcelona, $7.3M)
Cyanotech
(1983, Kailua-kona, $3.6M)
ChromaDex
(1999, Irvine, $3.4M)
Public
Nutrafuels
(2009, Coconut Creek, $3.2M)
Radient Technologies
(2001, Edmonton, $2.6M)
Zivo Bioscience
(2014, Keego Harbor, $2M)
Entia Biosciences
(2007, Sherwood, $1.5M)
Targeted Medical
Pharma
(1999, Los Angeles, $1.2M)
Pacific Health Labs
(1998, Iselin, $1M)
Therapeutic Solutions
International (TSI)
(2010, Oceanside, $270k)
Game Plan
(1999, Henderson, $263k)
MusclePharm
(2006, Denver, $245k)
Public
Emergent Health
(2006, King Of Prussia, $240k)
Burcon
(1998, Vancouver, $164k)
GeneLink BioSciences
(1994, Orlando, $105k)
Lonza
(1897, Basel)
Ajinomoto
(1909, Tokyo)
AXIM Biotech
(2014, New York City)
Holista CollTech
(2009, Subiaco)
Natto Pharma
(2004, Oslo)
Arev Nutrition
(2016, Vancouver)
Blackmores
(1932, Sydney)

10
Public
Canadian Bioceutical
(2014, Toronto)
Dabur India
(1884, Ghaziabad)
Eqology
(1998, Oslo)
ForeverGreen
(2004, Saint George)
Go Life International
(2011, Knysna)
MusclePharm
Corporation
(2006, Denver)
NHTC
(1988, Los Angeles)
Nutranomics
(1995, Salt Lake City)
Olmix
(1995, Brehand)
Oragenics
(1996, Tampa)
Public
Pharmanutra
(2003, Pisa)
Probi
(1991, Lund)
Procter & Gamble
(1837, Cincinnati)
Taxus Cardium
(2003, San Diego)
Yakult Honsha
(1935, Minato)
Zinzino
(2005, Gothenburg)
Adia Nutrition
(2011, Kurtistown)
Aroma Celte
(2011, Ploufragan)
Bactolac
Pharmaceutical
(1995, New York City)
Balchem
(1967, New Hampton)
Public
BioGaia
(1990, Stockholm)
Celsius
(2004, Boca Raton)
Coenzyme-A
Technologies
(1998, Lynnwood)
Cosmos Holdings
(2009, Chicago)
Drinkeq
(2006, Las Vegas)
Euglena
(2005, Tokyo)
Gelstat
(2002, Hunt Valley)
GenMont
(2000, Tainan)
Immune Tree
(1993, Bluffdale)
Immunotec
(1996, Vaudreuil-dorion)
Public
ISatori
(2001, Denver)
Jurak World Wide
(1997, Las Vegas)
Kimia Farma
(1817, Jakarta)
Kino Biotech
(2010, Singapore)
Kwangdong
Pharmaceutical
(1963, Seoul)
LeanLife
(2014, Vancouver)
Murad Chia Jei
Biotechnology
(1995, Kaohsiung City)
MYOS RENS Technology
(2011, Cedar Knolls)
Naprodis
(1999, Poway)
Public
Natural Alternatives
International
(1980, San Marcos)
Nature's Sunshine
(1972, Lehi)
Neurogenesis
(1984, League City)
New Earth
(2013, Klamath Falls)
Optigenex
(2002, Melissa)
Perrigo
(1887, Allegan)
Piramal Phytocare
(2001, Mumbai)
Pivotal Therapeutics
(2010, Vaughan)
Promisia
(1983, Wellington)
ProPhase Labs
(1989, Doylestown)

11
Public
Provexis
(1999, Reading)
Rapid Nutrition
(2001, Coorparoo)
Reliv International
(1988, Chesterfield)
Sankyo
(1963, Fuji)
Source Natural
(1995, Bangalore)
Synergy CHC
(2012, Westbrook)
Taiwan Indigena
Botanica
(2014, Taipei)
Tsumura
(1893, Torrance)
USANA Health Sciences
(1992, Salt Lake City)
Vitality
(1946, Vancouver)
Public
Vivanza Biosciences
(2016, Ahmedabad)
Zurvita
(2008, Houston)
Zydus Cadila
(1952, Ahmedabad)
Ceapro
(1997, Edmonton)
Glanbia
(1960, Kilkenny)
Lightspace Corporation
(2003, Boston)
Nutripure Beverages
(1966, Newport Beach)
Star Combo
(2004, Sydney)
Vital Living
(2001, Phoenix)
Comvita
(1974, Tauranga)
Public
Diabion
(2011, Mixco)
Enterologics
(2009, Saint Paul)
E-Pharm Nutrition
(2011, Urbana)
Fredun Group
(1987, Mumbai)
Lactose India
(1991, Ahmedabad)
Maabarot Group
(1963, Kibbutz Gaton)
Natunola Health
Biosciences
(1996, Ottawa)
Naturade
(1926, Irvine)
Neptune Wellness
Solutions
(1998, Laval)
Public
New Nordic
(1990, Roskilde)
Roopa Industries
(2000, Hyderabad)
Sanofi
(1973, Paris)
Acquired
Mead johnson
(1900, Chicago)
Wyeth Nutrition
(1915, Petaling Jaya)
Elan
(1969, Dublin)
Frutarom
(1933, Haifa)
The DuPont Nutrition
and Health
(1989, Copenhagen)
Merck
(1668, Darmstadt)
Atrium Innovations
(1999, Westmount)
BAI Brands
(2009, Princeton, $56.8M)
Schiff Nutrition
(1936, Parsippany)
Chr. Hansen
(2010, Copenhagen)

12
Acquired
Pharmachem
Labratories
(1979, Kearny)
Fortitech Premixes
(1986, Schenectady)
RXBAR
(2012, Chicago)
SensoryEffects
(2006, Maryland Heights)
Vega
(2001, Burnaby)
Omega Protein
(1913, Houston)
Vemedia
(1961, Diemen)
SlimFast
(2010, Englewood Cliffs)
Elder Pharamaceuticals
(1989, Mumbai)
EAS sports nutrition
(1992, Monterey)
Acquired
Optimum Nutrition
(1986, Sidney)
InterHealth
Nutraceuticals
(1987, Benicia)
Renew Life
(1997, Palm Harbor)
MaxiNutrition
(1991, Brentford)
Protexin
(1992, Somerset)
Vitaco
(2007, Sydney)
Leiner
(1996, Carson)
ThinkThin products
(1999, Los Angeles)
Enzymotec
(1998, Kfar Saba, $21M)
Acquired
New Zealand
Pharmaceuticals
(1971, Palmerston North)
Eu Yan Sang
(1879, Singapore)
Scitec Nutrition
(1996, Budapest)
Nutrition Physiology
Company
(1993, Guymon)
Joint Juice
(2001, San Francisco, $155M)
Premier Nutrition
(1997, San Francisco)
BBI Healthcare
(2006, Bridgend)
ZonePerfect
(1996, Beverly)
Manuka Health
(2006, Auckland)
Acquired
Natrol
(1980, Chatsworth)
Novel Ingredient
(1995, East Hanover)
Albion Laboratories
(1956, Clearfield)
Seroyal
(2009, Pittsburgh)
Nutraceutix
(2016, Redmond)
Deadpooled
Mix1 Life (2006, Orlando,
$12.2M)
LeenLife Pharma (2015,
Vancouver)

List of Notable Companies by Market in Nutraceuticals
Notable Companies by Market (1/17)
14
Nutraceuticals > Feed Summary > Notable Companies by Market
Food ingredients manufacturer
Unicorn. Stage: Public
Enzymotec (1998, Kfar Saba, $21M)
Bio-functional lipid ingredients and final products
for nutritional and pharmaceutical application
Minicorn. Stage: Acquired
Frutarom, Ofer-Hi Tech, MMT Fund and 7 Other
Investors
Advanced Enzyme Technologies (1989,
Thane, $18.3M)
Manufactures enzymes for nutrition, food
processing and industrial processing
Soonicorn. Stage: Public
Avendus, Deutsche Bank, Kuwait Investment
Authority and 5 Other Investors
ChromaDex (1999, Irvine, $3.4M)
Discover and develop patented ingredient
technologies
Editor's Pick. Stage: Public
Western Alliance Bancorporation, Hercules Capital,
DSM and 1 Other Investors
Radient Technologies (2001, Edmonton,
$2.6M)
Develops and markets high-value naturally derived
plant extracts
Aurora Cannabis, Koniag Development
Corporation, Afternic and 2 Other Investors
Traditional company manufacturing flavor and fine
ingredients
Unicorn. Stage: Acquired
Bank Leumi
Lonza (1897, Basel)
Company offering a suite of CDMO services to
pharma, biotech and specialty ingredient markets
United States Department of Defense, EDBI
Natto Pharma (2004, Oslo)
Manufactures patented vitamin k2 ingredient
New Zealand Pharmaceuticals (1971,
Palmerston North)
Manufacturer of pharma intermediates &
diagnostic products for pharma & biotech
companies
Stage: Acquired
Direct Capital, Pohutukawa Private Equity
OptiBiotix Health (2012, York)
Discovers and develops microbial strains,
compounds, and formulations, which modulate the
human microbiome
Stage: Public
Enterprise Ventures, Seneca

15
Albion Laboratories (1956, Clearfield)
Manufactures mineral ingredients for plant and
human nutrition industry
Stage: Acquired
Balchem (1967, New Hampton)
Manufactures nutraceutical ingredients for human
and animal nutrition products
Stage: Public
Clover Corporation (1988, Melbourne)
Manufactures a range of nutraceutical ingredients
Stage: Public
Equip Super
Fortitech Premixes (1986, Schenectady)
Manufactures customized blends of functional
ingredients
Stage: Acquired
Lehman Brothers, Trilantic Capital Partners North
America
InterHealth Nutraceuticals (1987, Benicia)
Researching, developing and supplying
nutraceutical and speciality ingredients.
Stage: Acquired
National Institutes of Health, Kainos Capital
LeenLife Pharma (2015, Vancouver)
Manufactures omega fatty acid ingredients
Stage: Deadpooled
MYOS RENS Technology (2011, Cedar Knolls)
Nutritional supplements, functional foods, and
therapeutic products
Stage: Public
Omega Protein (1913, Houston)
Biopharma company manufacturing and marketing
nutritional products
Stage: Acquired
Optigenex (2002, Melissa)
Manufactures patented natural cellular DNA care
ingredients
Stage: Public
Pharmachem Labratories (1979, Kearny)
Nutraceutical ingredients manufacturer
Stage: Acquired
The DuPont Nutrition and Health (1989,
Copenhagen)
Manufactures a range of health ingredients
Stage: Acquired
SensoryEffects (2006, Maryland Heights)
Ingredient solutions for human health and nutrition
Stage: Acquired
Highlander Partners
Bajaj Health (1993, Mumbai)
Manufacturer and supplier of Supplements, APIs &
Intermediates and formulations
Stage: Public
Neptune Wellness Solutions (1998, Laval)
Nutraceutical ingredients manufacturer
Stage: Public

16
Novel Ingredient (1995, East Hanover)
Manufacturing and marketing a range of
nutraceutical ingredients
Stage: Acquired
GenNx360 Capital Partners, Maranon Capital
Supplements
Multicategory
Kyung Nam Pharm (1993, Changwon, $1.8B)
Manufacture and sale of OTC drugs and nutritionals
in Korea
Stage: Public
E&Investment, Korea Investment Partners
MMUSA (1995, Blaine, $284M)
Manufactures a range of nutritional supplement
products
Soonicorn. Stage: Funded
Nutrafuels (2009, Coconut Creek, $3.2M)
Manufacturing and marketing oral spray vitamins
and supplements
Stage: Public
Entia Biosciences (2007, Sherwood, $1.5M)
Develops and markets health-related nutraceuticals
and cosmeceuticals
Stage: Public
Therapeutic Solutions International
(TSI) (2010, Oceanside, $270k)
Developing and commercialising nutraceuticals
Stage: Public
Multicategory
Game Plan (1999, Henderson, $263k)
Nutritional supplements manufacturer and
distributor.
Stage: Public
MusclePharm (2006, Denver, $245k)
Manufacturing and marketing a range of nutritional
supplements
Stage: Public
US Capital Partners, Iconic Private Equity Partners
Emergent Health (2006, King Of Prussia,
$240k)
Engages in development and sale of proprietary
regenerative medicine, nutraceuticals and
phytonutritionals
Stage: Public
GeneLink BioSciences (1994, Orlando, $105k)
Genome-based nutritional supplements
Stage: Public
Best World (1990, Singapore)
Manufacturer of beauty products
Stage: Public

17
Supplements
Multicategory
Canadian Bioceutical (2014, Toronto)
nutraceuticals and bioceuticals
Stage: Public
CGX Life Sciences, Canadian Bioceutical
Elan (1969, Dublin)
Manufacturer of OTC products, prescription
pharmaceuticals, nutritional products, and APIs
Stage: Acquired
Signet Healthcare Partners
GNC (1935, Pittsburgh)
Supplements for sports nutrition
Stage: Public
Thomas H Lee Partners
Go Life International (2011, Knysna)
Manufactures a range of health supplements
Stage: Public
Herbalife (1980, Los Angeles)
Manufacturer of nutritional supplements
Stage: Public
Multicategory
Merck (1668, Darmstadt)
Provider of healthcare, life science, and
performance materials
Stage: Acquired
MusclePharm Corporation (2006, Denver)
Manufactures a range of nutritional supplements
Stage: Public
NHTC (1988, Los Angeles)
Herbal dietary supplements
Stage: Public
Nutranomics (1995, Salt Lake City)
Provider of natural nutritional supplements
Stage: Public
Pharmanutra (2003, Pisa)
Stage: Public
Protexin (1992, Somerset)
Probiotics and fiber supplements
Stage: Acquired
Multicategory
Schiff Nutrition (1936, Parsippany)
Schiff Nutrition is a nutritional supplement
company which offers specialty supplements,
vitamins, and minerals.
Stage: Acquired
TPG
Vita Lifesciences (1947, Melbourne)
Stage: Public
Wyeth Nutrition (1915, Petaling Jaya)
Manufacturer of nutritional products
Stage: Acquired
Aroma Celte (2011, Ploufragan)
Manufactures health supplements and personal
care products
Stage: Public

18
Supplements
Multicategory
Atrium Innovations (1999, Westmount)
Traditional company manufacturing and marketing
nutritional health supplements
Stage: Acquired
CPP Investment Board
Coenzyme-A Technologies (1998,
Lynnwood)
Manufactures a range of health supplement
products
Stage: Public
Cosmos Holdings (2009, Chicago)
Manufacturer of generic tablets, capsules, syrup,
injectables, and nutraceuticals
Stage: Public
Performance Nutrition Products & Protein
Supplements
Stage: Acquired
North Castle Partners, Steelpoint Capital Partners
Multicategory
Elder Pharamaceuticals (1989, Mumbai)
Manufacturer of generic formulations
Stage: Acquired
Gelstat (2002, Hunt Valley)
Research, development and marketing of a range of
health supplements
Stage: Public
HL Science (2000, Uiwang)
Manufactures health supplements
Stage: Public
Immunotec (1996, Vaudreuil-dorion)
Manufactures nutritional supplements and skin
care products
Stage: Public
Nexxus Capital
Kimia Farma (1817, Jakarta)
Manufacturer of generic pharmaceuticals and
nutritional supplements
Stage: Public
Multicategory
Mead johnson (1900, Chicago)
Nutraceutical company manufacturing infant
nutrition products
Stage: Acquired
Mega LifeSciences (1982, Bangkok)
Manufacturer of nutritional, herbal supplements,
OTC and ethical products
Stage: Public
Lombard Investments
Natrol (1980, Chatsworth)
supplements
Stage: Acquired
TA Associates Management
Natural Alternatives International (1980,
San Marcos)
Formulator, manufacturer and marketer of
customized nutritional supplements
Stage: Public

19
Supplements
Multicategory
Neurogenesis (1984, League City)
Stage: Public
Perrigo (1887, Allegan)
Traditional pharma company manufacturing and
marketing APIs, OTC, and nutritional products
Stage: Acquired
Tekla Capital Management
Pochiraju Industries (1995, Krishnagiri)
Manufacturer of pharmaceuticals and
biopharmaceuticals
Stage: Public
BIRAC
Reliv International (1988, Chesterfield)
supplements
Stage: Public
USANA Health Sciences (1992, Salt Lake City)
Personalized cellular nutrition
Stage: Public
Multicategory
Vitality (1946, Vancouver)
Manufacturing and marketing a range of vitamin
and mineral supplements
Stage: Public
Consolidated Firstfund Capital
Vivanza Biosciences (2016, Ahmedabad)
Manufacturer of generic pharmacutical
formulations and nutritional supplements
Stage: Public
Zurvita (2008, Houston)
Manufactures branded health supplements
Stage: Public
Vital Living (2001, Phoenix)
Provider of nutraceuticals and bio-nutritionals
Stage: Public
BBI Healthcare (2006, Bridgend)
Manufactures women's health, digestive health,
energy and heart health products
Stage: Acquired
Multicategory
E-Pharm Nutrition (2011, Urbana)
Traditional company engaged in manufacturing and
marketing nutritional supplements
Stage: Public
Specializes in storebrand OTC products, vitamins
and nutritional supplements
Stage: Acquired
North Castle Partners, Steelpoint Capital Partners,
AEA Investors
Maabarot Group (1963, Kibbutz Gaton)
Manufactures a range of food products and
nutritional supplements for human and animal
consumption
Stage: Public
Natunola Health Biosciences (1996, Ottawa)
Products derived from natural sources primarily for
the cosmetics and human health food industries
Stage: Acquired
Avrio Capital

20
Supplements
Multicategory
New Nordic (1990, Roskilde)
Develops and markets dietary supplements and
natural medicines
Stage: Public
Roopa Industries (2000, Hyderabad)
Traditional company manufacturing nutraceuticals,
bulk drugs and chemicals
Stage: Public
Sanofi (1973, Paris)
French multinational pharmaceutical company
Stage: Public
Public Health Emergency, Bill and Melinda Gates
Foundation, NovaQuest Capital Management and 1
Other Investors
Vemedia (1961, Diemen)
Manufacturing and marketing branded nutritional
supplements
Stage: Acquired
IK Investment Partners, Indufin Capital Partners
Multicategory
Venture Life (2010, Bracknell)
Developer and marketer of products for the ageing
population
Stage: Public
Vitamins
TherapeuticsMD (2008, Boca Raton, $186M)
Health drugs for women
Stage: Public
MidCap Financial, Venrock

21
Supplements
Herbal Supplements
Plandai Biotech (2004, Goodyear, $15.3M)
Developing bioavailable extracts from live plant
materials for use in nutraceuticals
Lincoln Park Capital
Cyanotech (1983, Kailua-kona, $3.6M)
Manufactures natural ingredients based health
supplements
Stage: Public
Zivo Bioscience (2014, Keego Harbor, $2M)
Bioactive compounds from algal strain
Health Enterprise Partners
Holista CollTech (2009, Subiaco)
Producer of medical grade collagen, health
supplements and food ingredients
Ficus Venture Capital, FirstFloor Capital
Herbal Supplements
Blackmores (1932, Sydney)
Health products for humans and animals, including
vitamins, herbal and mineral nutritional
supplements.
Stage: Public
Dabur India (1884, Ghaziabad)
Manufactures and Markets FMCG Goods
Stage: Public
Baring Private Equity Partners
Olmix (1995, Brehand)
Developing and marketing algal extracts for use in
plant, animal and human health products
Stage: Public
Idinvest Partners
Eu Yan Sang (1879, Singapore)
Chinese medicine and herbs brand
Stage: Acquired
Herbal Supplements
Euglena (2005, Tokyo)
Developing and marketing microalgae for use in
functional foods
Stage: Public
SBI Investment, Hikari Private Equity, Inspire
Corporation
Fiji Kava (2013, Subiaco)
Provider of herbal supplement
Stage: Public
Immune Tree (1993, Bluffdale)
Manufactures a range of health supplement
products
Stage: Public
Jurak World Wide (1997, Las Vegas)
tonic
Stage: Public
Kwangdong Pharmaceutical (1963, Seoul)
Combining oriental and western medical science
across a range of indications.
Stage: Public

22
Supplements
Herbal Supplements
Manuka Health (2006, Auckland)
Manufacturing and marketing natural ingredients
based health supplements
Stage: Acquired
Callaghan Innovation, Waterman Capital, Pacific
Equity Partners
Murad Chia Jei Biotechnology (1995,
Kaohsiung City)
Preventive health related herbal nutraceutical
products
Stage: Public
Naprodis (1999, Poway)
Natural supplements for skin care and immunity
boost
Stage: Public
Nature's Sunshine (1972, Lehi)
health and wellness products
Stage: Public
Herbal Supplements
Piramal Phytocare (2001, Mumbai)
Manufactures a range of natural ingredients based
health supplements
Stage: Public
Promisia (1983, Wellington)
Manufactures natural ingredients based dietary
supplement for joint support
Stage: Public
Provexis (1999, Reading)
Specialty company commercializaing proprietary
anti-thrombotic technology
Stage: Public
DSM, Enterprise Ventures
Taiwan Indigena Botanica (2014, Taipei)
Herbal supplements for medicinal use
Stage: Public
Tsumura (1893, Torrance)
Large Japanese manufacturer of herbal (Kampo)
medicines and OTC drugs
Stage: Public
Herbal Supplements
Ganga Pharmaceuticals (1989, Mumbai)
supplements
Stage: Public
Comvita (1974, Tauranga)
Natural skin care supplements
Stage: Public
Fredun Group (1987, Mumbai)
Manufacturer of generics, herbal products, and APIs
Stage: Public
Naturade (1926, Irvine)
Manufacturing and marketing a range of natural
ingredients based nutritional supplements
Stage: Public
Redux Holdings, Towerview Capital, Thyra Global
Management and 1 Other Investors

23
Supplements
Protein Supplements
Mix1 Life (2006, Orlando, $12.2M)
Manufacturing and marketing protein shakes
Stage: Deadpooled
Highland Capital Partners
Pacific Health Labs (1998, Iselin, $1M)
sports nutrition products
Stage: Public
Science In Sport (1992, Manly)
Manufactures and markets sports nutrition
products
Array Venture Capital, Enterprise Ventures
MaxiNutrition (1991, Brentford)
Sports nutrition company specializing in protein
supplements
Stage: Acquired
Darwin Private Equity
Protein Supplements
ISatori (2001, Denver)
Manufactures sports nutrition supplements
Stage: Public
Optimum Nutrition (1986, Sidney)
Manufacturing and marketing sports nutrition
products
Stage: Acquired
Premier Nutrition (1997, San Francisco)
Manufactures protein powder and bars
Stage: Acquired
TA Associates Management
Weider Global Nutrition (1936, Gilbert)
Developing and marketing sports nutrition
products
Stage: Public
Others
Prolacta Bioscience (1999, Los Angeles,
$93.7M)
Human milk fortifier supplement products for
premature infants
Soonicorn. Stage: Series D
PROOF.VC, Aisling Capital, Health Evolution
Partners and 12 Other Investors
Eqology (1998, Oslo)
Manufactures omega 3 supplements
Stage: Public
New Earth (2013, Klamath Falls)
Developing and marketing proprietary food and
health supplements
Stage: Public
Synergy CHC (2012, Westbrook)
Manufactures a range of health supplements and
personal care products
Stage: Public
Knight Therapeutics

24
Supplements
Others
Ceapro (1997, Edmonton)
Production of active ingredients using plants as a
feedstock for human and animal consumption
Stage: Public
GCCIR, AVAC Group
Lightspace Corporation (2003, Boston)
Provider of herbal formulation for males
Stage: Public
Star Combo (2004, Sydney)
Dietary supplements for improving strength and
focus
Stage: Public
Diabion (2011, Mixco)
Manufacturing and marketing proprietary diabetes
management formula
Stage: Public
Foods
Functional Foods
AB-Biotics (2010, Barcelona, $7.3M)
Developing probiotic drugs for dental disorders and
providing genetic analyses for pharmacogenetic
studies
Stage: Acquired
KANEKA, Inveready, Almirall and 1 Other Investors
Chr. Hansen (2010, Copenhagen)
Bioscience company that develops natural solutions
for the food, nutritional, pharmaceutical and
agricultural industries.
Stage: Acquired
European Investment Bank, Ardian, PAI Partners
Oragenics (1996, Tampa)
Develops novel treatments for infectious diseases
and oral mucositis as well as probiotics for oral
health
Stage: Public
Intrexon, Third Security
Functional Foods
Taxus Cardium (2003, San Diego)
Dedicated to building on its core products and drug
delivery platform
Stage: Public
Connecticut Innovations
Zinzino (2005, Gothenburg)
Manufacturer providing personalized supplements
using Omega6/Omega3 ratio.
Stage: Public
Adia Nutrition (2011, Kurtistown)
Manufactures and markets probiotic chews and
drinks
Stage: Public
BioGaia (1990, Stockholm)
Healthcare company that develops and sells
probiotic nutraceutical products with proven health
benefits
Stage: Public
Centrecourt

25
Foods
Functional Foods
Cell Biotech (1995, Gimpo-si)
Manufacturer of probiotic products
Stage: Public
KTB Ventures, SBI Investment Korea
GenMont (2000, Tainan)
Manufacturer of probiotic and baby nutrition
supplements
Stage: Public
LeanLife (2014, Vancouver)
Provider of omega 3 based nutrition
Stage: Public
Nutraceutix (2016, Redmond)
Contract manufacturing organization offering
probiotics to functional food and consumer health
companies
Stage: Acquired
Pivotal Therapeutics (2010, Vaughan)
Canadian, commercial-stage biopharma developing
highly-purified prescription Omega 3 Therapy for
CVD
Stage: Public
Functional Foods
Renew Life (1997, Palm Harbor)
a range of nutraceutical products
Stage: Acquired
Swander Pace Capital, Twin Bridge Capital Partners
Bioxyne (1997, Sydney)
Developing probiotic-based dietary supplements
for immune health and immunotherapy
Stage: Public
BioScience Managers
Enterologics (2009, Saint Paul)
Developing probiotics as live biotherapeutics to
treat gastrointestinal (GI) diseases.
Stage: Public
Nutrition Physiology Company (1993,
Guymon)
Specialty company engaged in manufacturing
probiotics for animals
Stage: Acquired
Medical Foods
Targeted Medical Pharma (1999, Los
Angeles, $1.2M)
Aminoacid-based medical foods for CNS,
inflammation, metabolic and respiratory disorders
Stage: Public

26
Foods
Meal Replacement
Meal replacement product that provides all the
essential nutrients in a serving
Soonicorn. Stage: Series B
GV, Tao Capital Partners, Lerer Hippeau Ventures
and 6 Other Investors
SlimFast (2010, Englewood Cliffs)
Meal replacement products
Stage: Acquired
Kainos Capital
Health Snack
ThinkThin products (1999, Los Angeles)
Manufactures a range of protein bars and smoothies
Stage: Acquired
ZonePerfect (1996, Beverly)
Manufactures a range of flavored protein bars
Stage: Acquired
Balance Bar (1992, Bohemia)
Manufactures a range of nutritional bar products
Stage: Acquired
Graycliff Partners
RXBAR (2012, Chicago)
Meal replacement protein bars
Stage: Acquired
Energy Drink
Celsius (2004, Boca Raton)
Functional beverage company manufacturing
energy drinks
Stage: Public
Horizons Ventures, zVentures
Drinkeq (2006, Las Vegas)
Nutritional energy drinks manufacturer
Stage: Public

27
Fortified Juice
Suja Life (2012, San Diego, $358M)
Manufacturer and brand of cold pressed juices and
smoothies
Soonicorn. Stage: Acquired
Coca-Cola, Goldman Sachs, Participant Media and 7
Other Investors
Joint Juice (2001, San Francisco, $155M)
Liquid supplement for joint health
BAI Brands (2009, Princeton, $56.8M)
Manufactures and markets flavoured antioxidant
drinks
Stroud Companies, Dr Pepper Snapple Group,
Strand Equity Partners and 2 Other Investors
Burcon (1998, Vancouver, $164k)
Manufactures plant protein based health drinks
Stage: Public
Fortified Juice
Arev Nutrition (2016, Vancouver)
Manufactures coconut based health drink products
Stage: Public
Nutripure Beverages (1966, Newport Beach)
Fortified water for immunity and general wellness
Stage: Public
Probiotic Drink
Yakult Honsha (1935, Minato)
Manufacturer of probiotic drink, pharmaceutical
and cosmetic products
Stage: Public

28
Multicategory
FRS (2004, San Mateo, $148M)
Nutraceutical company manufacturing functional
beverages for sportspersons
Soonicorn. Stage: Series D
Oak Investment Partners
True Drinks (2008, Irvine, $11.8M)
Manufactures flavored water and energy drink
products
Stage: Public
Toba Capital
Kino Biotech (2010, Singapore)
Bio-nutraceutical and cosmeceutical company
Stage: Public
Probi (1991, Lund)
Contract manufacturer of probiotic supplements
Stage: Public
Bactolac Pharmaceutical (1995, New York
City)
Contract manufacturer of a range of nutritional
supplements
Stage: Public
Kolmar BNH (2004, Sejong)
Offers nutrition supplements and cosmetics
Stage: Public
Quintessa Investments
Sankyo (1963, Fuji)
Contract manufacturer of pharmaceutical and
nutraceutical supplements
Stage: Public
Source Natural (1995, Bangalore)
Contract manufacturer of ayurvedic, health &
dietary supplements
Stage: Public
Vitaco (2007, Sydney)
Contract manufacturing of a range of nutritional
supplements
Stage: Acquired
Next Capital

29
Diversified
Diversified
Ajinomoto (1909, Tokyo)
Multi category food and beverage manufacturer
AXIM Biotech (2014, New York City)
Public, early-stage Biotech involved in
pharmaceutical, nutraceutical and bioenergy from
cannabis, most importantly, developing pharma-
functional chewing gum containing cannabinoids
Medical Marijuana
BIifido (1988, Hongcheon)
Develops and markets functional food products
Stage: Public
Atinum Investment, Legend Capital
ForeverGreen (2004, Saint George)
products
Stage: Public
Diversified
Medlab (2012, Sydney)
Developer of pharmaceuticals, nutraceuticals and
biologics for treating chronic diseases
Stage: Public
Procter & Gamble (1837, Cincinnati)
Provider of FMCG conglomerate products
Stage: Public
Trian Fund Management
ProPhase Labs (1989, Doylestown)
ProPhase Labs
Stage: Public
Dutchess Capital
Rapid Nutrition (2001, Coorparoo)
Manufactures and exports nutritional products
Stage: Public
Scitec Nutrition (1996, Budapest)
nutraceutical products
Stage: Acquired
Enterprise Investors
Diversified
Seroyal (2009, Pittsburgh)
Traditional company engaged in manufacturing
Stage: Acquired
Ares Capital Corporation
Vega (2001, Burnaby)
Manufactures branded nutritional snacks and
supplements
Stage: Acquired
VMG Partners
Zydus Cadila (1952, Ahmedabad)
Developer and manufacturer of APIs, biologics and
small molecules
Stage: Public
Baring Private Equity Partners, ChrysCapital
Glanbia (1960, Kilkenny)
Global performance nutrition and ingredients group
Stage: Public

30
Diversified
Diversified
Lactose India (1991, Ahmedabad)
Producing and providing nutraceutical ingredient &
APIs
Stage: Public

List of Notable Companies in Nutraceuticals in China
Notable Companies in the Sector in China
31
Nutraceuticals > Feed Summary > Notable Companies in the Sector in China
Public
Eagle Health Holdings
(2001, Xiamen)
Beingmate Baby Child
Food
(1992, Hangzhou)
China YCT International
Group
(1989, Jining)
CK Life Sciences
(2000, Hong Kong)
GFR Pharmaceuticals
(1996, Xianyang)
Guizhou Xinbang
Pharmaceutical
(1995, Guiyang)
Quantum Hi-Tech
Biological
(2000, Guangzhou)
Rodobo International
(2002, Harbin)
Public
Tasly Holding Group
(1994, Tianjin)
Xiangxue
Pharmaceutical
(1997, Guangzhou)
Yunnan Beiyao Group
(1902, Kunming)
Kingdomway
(1997, Xiamen)
Baolingbao Biology
(1997, Dezhou)
Guilin Layn Natural
Ingredients Corp
(2003, Guangxi)
Hainan Hai
(1965, Haikou)
Acquired
Kunming Shenghuo
Pharmaceutical
(1995, Kunming, $24.3M)
Zhejiang Novus
Pharmaceuticals
(2015, Shaoxing)
Deadpooled
Zhongxin
Pharmaceuticals
(1992, Tianjin)

Recent News in Nutraceuticals Sector
Recent News
32
Nutraceuticals > Feed Summary > Recent News
Jan 2019
Sanofi VivaTech challenge calling on African startups to innovate
health, here’s how to apply, TechTrendsKE
Jan 2019
Antiviral Drugs Market Insights by Size, Status and Forecast 2019-
2025: Involved Key players- Roche, Merck, Novartis, Gilead
Sciences, Digital Journal
Jan 2019
Irish nutrition company Glanbia stockpiling in UK ahead of Brexit,
Reuters
Jan 2019
P&G Joins TerraCycle’s Loop – an Environmentally Friendly and
Convenient E-Shopping Platform – With 11 Household Brands,
Business Wire
Jan 2019 Smári to Launch Line of Icelandic Protein Coffees, BevNET
Jan 2019 Oral I.V. Hydration Shot Increases Distribution Nationwide, BevNET
Jan 2019
Merck KGaA, Darmstadt, Germany, Grants Exclusive License to
Vertex for Two DNA Damage Response Inhibitors, pipelinereview.com
Jan 2019
ForeverGreen Accelerates Growth in New Direction With CBD Oil
and Ketogenics Leading the Way in 2019, BioSpace
Jan 2019
The Good Housekeeping Institute Partners with Elysium HealthTM
to Launch ‘GH Wellness Lab’ at Hearst Tower, Business Wire
Jan 2019
Metagenics to Launch Personalized Lifestyle Medicine Center
(PLMC), BioSpace
Jan 2019 Lonza Supplies Portola’s Second-Gen Andexxa, Contract Pharma
Jan 2019
P&G confident of payoff from Gillette’s ‘Me Too’ ad, Manila Bulletin
Publishing Corporation
Key Recent News Key Recent News
Jan 2019
Procter & Gamble bets on demand for high-end fabric, skin-care
products, Reuters
Jan 2019
Tencent collaborates with Merck in digital healthcare drive,
businesschief.com
Jan 2019 Kapiva Ayurveda gets Rs 17 crore in capital commitments, Indiatimes
Jan 2019 Procter & Gamble boosts sales outlook as earnings jump, Gulf News
Jan 2019
P&G says ‘unprecedented’ attention on Gillette ad hasn’t impacted
sales (yet), The Drum
Jan 2019
Dairy Firm Glanbia Signs Strategic Partnership With Royal A-ware,
ESM Magazine
Jan 2019
Your Superfoods Raises $5 Million Series A, Los Angeles Business
Journal
Jan 2019
Global Gaucher Disease Market 2018 – Sanofi, Shire, Actelion
Pharma, Pfizer, ISU Pharm, …, Lincoln Trail Publishing
Jan 2019
John Leahy, Who Helped Grow KIND From Startup To Industry
Leader, Announces Retirement, Vending Market Watch
Jan 2019 Donovan Mitchell Joins BodyArmor Roster, BevNET
Jan 2019
Young Living Promotes Michael Green to Chief Information Officer,
PR Newswire
Jan 2019
New Study Shows Supplementation with Nicotinamide Riboside
(NR) During Breastfeeding Yields Measurable, Lasting Benefits to
Mothers and Offspring in Animal Model, Business Wire
Jan 2019 MYOS CEO Joseph Mannello Issues Letter to Shareholders, Citybizlist

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
33
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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Investments ($M) and number of rounds in Nutraceuticals; 2011-2018
Global Funding Trends (1/2)
35
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Nutraceuticals > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 1% # of Rounds43% $ Funding
12% # of Rounds
21% $ Funding
$101M
$204M
$133M
$482M
$388M
$745M
$862M
$7M
0
10
20
30
40
50
60
70
80
90
100
$0k
$100M
$200M
$300M
$400M
$500M
$600M
$700M
$800M
$900M
$1.B
2012 2013 2014 2015 2016 2017 2018 2019*
$ Funding Predicted $ Funding # Rounds Predicted # Rounds

16 28 25 47 49 25 35 1
17
22 17
27
27
40
32
1
5 5 11 3 10 11 8
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
38
2
Total # of Rounds
$3M $18M $12M $20M $30M $11M $29M $2M
$73M
$95M
$75M
$140M
$194M
$320M $340M
$5M
$25M $91M $45M $323M $164M $414M $492M
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
36
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Nutraceuticals; 2011-2018
Nutraceuticals > Investment Trends > Global Funding Trends
47
23
36
43
31
33
2
215
$1.6M $2.5M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
$4.0M
$4.5M
0
50
100
150
200
250
2013 2014 2015 2016 2017 2018 2019 YTD Total
Entrants in Funding Club Avg. Ticket Size
$1.6M $1.8M $1M $2.1M $3M $4.2M $3.7M $2.5M
$101M
$7M
Total $ Invested
$0K
$108M
$0K
$360M
$253M
$555M
$687M
0
1
2
3
4
5
6
7
8
9
10
0
100000000
200000000
300000000
400000000
500000000
600000000
700000000
800000000
2012 2013 2014 2015 2016 2017 2018 2019 YTD
$ Funding Predicted $ Funding # of Rounds Predicted # Rounds
Mega Rounds
- 2 - 4 7 9 9 -

Nutraceuticals > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Nutraceuticals
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 450M 57
San Diego 360M 14
Beverly Hills 335M 4
Blaine 284M 1
Los Angeles 236M 31
Bouffere 185M 3
Seoul 159M 1
Cottonwood 157M 1
Gilbert 123M 4
Mumbai 90.7M 10
Total Funding
214
107
42
2
1
3
6
18
# Rounds
$3B
$417M
$171M
$159M
$80M
$50M
$27.3M
$21.7M
US
Europe
India
South Korea
Nigeria
SEA
Israel
Canada
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.3
$0.8
$0.6 $0.5
$0.8
$0.6
$1.0
2012 2013 2014 2015 2016 2017 2018
$4.5
$3.5 $3.4
$5.4
$4.0
$6.3 $8.2
$9.2 $10.6 $8.6 $9.2
$18.1 $17.0
$22.3
$8.2
$30.4
$11.3
$107.5
$41.0
$59.2
$82.1
Nutraceuticals > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Nutraceuticals; 2012-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$14* $8.9M
$200K $50M
$1M $50M
$50K $300M
$13.7M
$11.3M
$3.2M
$375K
Series C+
Series B
Series A
Seed
Stage

Note: 482 companies with undisclosed funding amount are not included
39
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
74
113
54
8
11
No. of Companies
Nutraceuticals > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Nutraceuticals; as of Jan 2019
Distribution of companies by Funding Range
$24M
$408M
$1.1B
$567M
$3.8B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
14%
4%
2%
2%
40
Note: Numbers in the brackets show the count of companies
Time to raise
next round
79
118
214
717
5069
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
14% 4%
(178)
4%
(203)
- 4%
(198)
82%
(4154)
30% 18%
(127)
21%
(148)
- 4%
(32)
66%
(471)
55% 12%
(25)
12%
(25)
- 5%
(10)
40%
(86)
67% 16%
(19)
15%
(18)
- 3%
(4)
30%
(35)
- 18%
(14)
15%
(12)
- 4%
(3)
4%
(3)
Nutraceuticals > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Nutraceuticals
Funding Funnel
16 Months
19 Months
27 Months
Investment backedBootstrapped
6
3
117
101
82
41
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Nutraceuticals > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Nutraceuticals; Jan 2017-Jan 2019
Notable Investments in last 24 months (1/3)
LATE STAGE
$300M - Series C Aug 2018
Functional beverage company manufacturing sports
drink products with coconut water base
Coca-Cola
$159M - PE May 2018
BOTAMEDI GROUP (2001, Seoul, $159M)
Herbal products for neurodegenerative diseases
Shiningsun Technology
$157M - PE Jan 2017
products
$21.2M - PE Jan 2017
UAS Laboratories (1979, Wausau, $21.2M)
Contract manufacturing organization
$11.5M - Series E Nov 2017
Suja Life (2012, San Diego, $358M)
Manufacturer and brand of cold pressed juices and
smoothies
LATE STAGE
$9M - Series D May 2018
$93.7M)
premature infants
$3.3M - Series D May 2017
$93.7M)
premature infants
PROOF.VC
EARLY STAGE
$50M - Series B May 2017
Meal replacement product that provides all the
essential nutrients in a serving
GV, Tao Capital Partners, Lerer Hippeau Ventures,
Andreessen Horowitz
$50M - Series A Oct 2018
Cerecin (2001, Singapore, $50M)
Provider of medical food
Wilmar, Inventages
$35M - Series B Sep 2018
Food processing technology platform for filtering
compounds
S2G Ventures, Bunge, Emerson Collective, Seventure
Partners, Middleland Capital, Tao Capital Partners,
Eighteen94 Capital, GreatPoint Ventures, Closed
Loop Capital, Continental Grain

EARLY STAGE
$35M - Series B Mar 2017
Nutraceutical company commercializing products to
support immune health in infants and toddlers
Gurnet Point Capital
$33.9M - Series B Nov 2018
Discovery of natural active ingredients with
scientifically proven health benefits
European Investment Bank
$30M - Series B Feb 2018
Harmless Harvest (2009, San Francisco, $30M)
Manufactures branded coconut water and coconut
water probiotics
Danone Manifesto Ventures, AccelFoods
EARLY STAGE
$29M - Series B Aug 2018
Monthly subscription box for a range of dietary
supplements
Goldman Sachs Investment Partners, Goodwater
Capital, RRE Ventures, Tusk Ventures, Juxtapose,
Beth Kaplan, David Katzman
$27.1M - Series B Jan 2018
Foodspring (2013, Berlin, $33.7M)
Fitness food brand
Btov, Fonterra
$26.1M - Series B Dec 2017
Aloha (2012, West Palm Beach, $70.9M)
A wellness company manufacturing vegan foods and
dietary supplements
$25.5M - Series B Nov 2017
Vital Proteins (2013, Elk Grove Village, $25.5M)
Manufactures collagen based health supplements
CAVU Venture Partners
EARLY STAGE
$23.5M - Series B Aug 2018
compounds
$20M - Series A Dec 2017
Cultivian Sandbox
$12M - Series A Jun 2018
NextFoods (2006, Boulder, $36M)
probiotic fortified juice
301, Emil Capital Partners
$4.3M - Series A Dec 2018
Innovopro (2016, Ramat Gan, $4.3M)
Developing protein isolation technology
Bits x Bites, Yara Ventures, ID Capital, Erel Margalit,
Ran Tuttnauer

EARLY STAGE
$3.1M - Series A Sep 2017
Adeo Health Science (2017, Boston, $3.1M)
Manufactures proprietary baby food designed to
introduce 8 allergens
$3M - Series A Nov 2018
Perkii (2015, Brisbane, $7M)
probiotic drink
Uniseed, Advance
SEED STAGE
$56.7k - Seed Dec 2018
Nutrisattva (2016, Anand, $56.7k)
Manufacture of protein nutrition
Manoj Upadhyay, Renaissance Holdings, Shivanand
Vassudev Salgaocar, Swati Salgaocar, Anto
Chirayath, Jyoti Haresh Shah
$14 - Seed Apr 2018
Brand Capital
Seed Dec 2018
Mumbai Angels

Most Active Investors (VC, PE) by Stage in Nutraceuticals; Last 5 years (Jan 2014-Jan 2019)
Most Active VC & PE Investors
44
Nutraceuticals > Investment Trends > Most Active VC & PE Investors
SEED STAGE
AccelFoods (3 Investments)
Native State Foods, Fresh Bar, Kalot Superfood
1
Fireside Ventures(2 Investments)
Yogabars, Kapiva
2
Upfront Ventures
Ritual
3
Forerunner Ventures
Ritual
4
Rivet Ventures
Ritual
5
KarpReilly
Lifeaid Beverage
6
Norwest Venture Partners
Ritual
7
BFG Partners
Good Day Chocolate
8
Collaborative Fund
Exo
9
Oost NL
Nutrileads
10
EARLY STAGE
AccelFoods (2 Investments)
Harmless Harvest, Exo
1
CAVU Venture Partners (2 Investments)
Vital Proteins, Health-Ade
2
Tao Capital Partners (2 Investments)
MycoTechnology, Soylent
3
Powerplant Ventures(2 Investments)
Your Super, Vive Organics
4
Seventure Partners
MycoTechnology
5
Inventages
Cerecin
6
Emil Capital Partners
Persona
7
KarpReilly
Iconic
8
S2G Ventures
MycoTechnology
9
First Beverage Group
VitaCup
10
LATE STAGE
CPP Investment Board (2 Investments)
Atrium Innovations, Cooper
1
Sequoia Capital
Bright Lifecare
2
Aisling Capital
Prolacta Bioscience
3
S2G Ventures
UCAN
4
CAVU Venture Partners
OhYeah! Nutrition
5
The Ecosystem Integrity Fund
KeVita
6
Intel Capital
Bright Lifecare
7
3i Group
Yves Ponroy
8
Omidyar Network
Bright Lifecare
9
Kae Capital
Bright Lifecare
10

Nutraceuticals > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Nutraceuticals; Last 5 years (Jan 2014-Jan 2019)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Brand Capital(4 Investments)
Lifezen, Avesthagen, Nutrisattva
1
MassChallenge(4 Investments)
Adeo Health Science, Noor, The Flying Spark
2
Y Combinator(2 Investments)
Multiply Labs, Gainful
3
SOSV(2 Investments)
TruEnergy, Protes
4
500 Startups(2 Investments)
Your Superfoods, The Fit Body
5
RebelBio(2 Investments)
Drink Spira, NewPath Probiotics
6
Start Garden
Exo
7
LRM
VitalNext
8
Venture Kick
Gnubiotics Sciences
9
Techstars
rootine vitamins
10
OTHER NOTABLE INVESTORS
North Castle Partners(8 Investments)
Atkins, SmartyPants Vitamins, VitaCup
1
Department of Biotechnology(5
Investments)
Arjuna Natural Extracts, Natural Remedies, Microbax
2
IndieBio(5 Investments)
Oralta, Pure Cultures, Peer-to-Peer Probiotics
3
CircleUp(4 Investments)
SmartyPants Vitamins, Smari Organics, Trovita Health
4
European Investment Bank(3
Investments)
Nuritas, Chr. Hansen, Jennewein Biotech
5
Swander Pace Capital(3 Investments)
Renew Life, Genisoy, Santa Cruz Nutritionals
6
DSM(2 Investments)
Natreon, Nutrileads
7
Square 1 Bank(2 Investments)
Elite One Source, Nutramed
8
Dr Pepper Snapple Group(2 Investments)
Body Armor, BAI Brands
9
Enterprise Ireland(2 Investments)
Nuritas, Solvotrin Therapeutics
10
DEBT INVESTORS
TPG(3 Investments)
Suja Life, Schiff Nutrition, Schiff Vitamins
1
Enterprise Ventures(2 Investments)
Science In Sport, OptiBiotix Health
2
Silicon Valley Bank(2 Investments)
Elysium Health, Persona
3
Idinvest Partners(2 Investments)
Olmix, Yves Ponroy
4
Siparex(2 Investments)
VF Bioscience, Berkem
5
Penta Mezz
Twinlab
6
Hercules Capital
ChromaDex
7
Tikehau Capital
Yves Ponroy
8
Five Points Capital
Bevolution Group
9
MidCap Financial
TherapeuticsMD
10

Nutraceuticals > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/3)

Nutraceuticals > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
50
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Medical Devices
Dec 2018
Biotech R&D
Nov 2018
Diagnostics (by Technology)
Oct 2018

FACTSHEET
Marketmap: Nutraceuticals
52
Nutraceuticals > Market Details > BlueBox

Key Sub Sectors
53
Key Sub Sectors in Nutraceuticals
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Supplements
Companies that develop ingestible products that contain a dietary ingredient intended to add
additio....
Kyung Nam Pharm (1993, Changwon,
Public)
3473 352 $3.6B
Companies that develop health drinks which include ingredients like herbs, vitamins,
minerals, amino....
Suja Life (2012, San Diego, Acquired)
313 81 $1.3B
Foods
Companies manufacturing healthy snacks and foods
Yasso (2009, Quincy, Acquired)
Beloxxi Group (1994, Lagos, $80M)
529 125 $408M
Companies manufacturing raw materials used for manufacturing nutraceutical products
Ingredion (1906, Chicago, Public)
221 65 $341M
Diversified
Companies that manufacture more than one type of nutritional product
Atkins (1960, Denver, Acquired)
Foodspring (2013, Berlin, $33.7M)
296 53 $161M
Companies providing contract manufacturing services for finished nutraceutical products
Ryt-way (1965, Lakeville, Acquired)
UAS Laboratories (1979, Wausau, $21.2M)
237 41 $89.4M
Nutraceuticals > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/3)
54
Nutraceuticals > Market Details > Detailed Sector Taxonomy

55

56

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Supplements > Multicategory
Companies that manufacture more than one type of supplement
(Companies covered 1640 | Funded 183 | Total Funding $2.8B)
$335M
(+$45.7M)
33
(-2)
True Health
(1987, Cottonwood, $157M)
2
(+2)
Companies manufacturing raw materials used for manufacturing nutraceutical products
(Companies covered 221 | Funded 65 | Total Funding $341M)
$133M
(+$64M)
9
(-2)
MycoTechnology
(2013, Aurora, $81.7M)
3
(+3)
Supplements > Herbal Supplements > Plant Extracts and Phyto-chemicals
Companies that extract biologically active compounds from plants for use in manufacturing
supplements
$52.1M
(+$22.2M)
11
(+5)
Manus Bio
(2011, Cambridge, $28.8M)
4
(+3)
Diversified
Companies that manufacture more than one type of nutritional product
$56.5M
(+$44.4M)
9
(+2)
Foodspring
(2013, Berlin, $33.7M)
5
(-3)
Foods > Health Snack
Companies that manufacture light meal products with nutritional value
$14.5M
(-$84.1M)
10
(-7)
Barnana
6
(+7)
Foods > Medical Foods
Companies that develop foods specially formulated and intended for the dietary management of a
disease that has distinctive nutritional needs
(Companies covered 23 | Funded 11 | Total Funding $77.1M)
$58M
(+$58M)
4
(+3)
Cerecin
(2001, Singapore, $50M)
7
(-2)
Supplements > Others
Companies developing nutritional products that cannot be classified in current business models.
$17.4M
(-$20.6M)
6
(-1)
Prolacta Bioscience
57
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Nutraceuticals in last 2 years (January 2017 - December 2018)
Nutraceuticals > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Nutraceuticals > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Supplements > Vitamins
Companies that manufacture supplements with a vitamin as the primary dietary ingredient
(Companies created 77 | Funded 11 | Total Funding $240M )
1 Ritual (2015, Los Angeles, $15.3M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
59
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (January 2017 - December 2018)
Nutraceuticals > Market Details > Top Markets of Early Stage Investors

Incubators LRM (#2), Y Combinator (#1)
Seed BFG Partners (#1), Highland Capital Partners (#1)
Series A/B Inventages (#1), Emil Capital Partners (#1)
Series C+ Penta Mezz (#1), CPP Investment Board (#2)
Polisano Pharmaceuticals
Sep - 2018
Acq by Grampet
Vital Foods Sep - 2018
Acq by Mundipharma
Ausway Aug - 2018
Acq by Star Combo
Densmore Pharmaceutical
Jul - 2018
Acq by Yves Ponroy
Zarbees Jul - 2018
Acq by Johnson & Johnson
nu3 Jul - 2018
Acquired
$5M - Series A
Your Super (2015, Venice, $5M)
$375k - Seed
BodyBio (1998, Millville, $375k)
$4.5M - Series A
Persona (2017, Snoqualmie, $4.5M)
$10M - Series E
Bright Lifecare (2011, Delhi, $22M)
Seed
Rawvelo (2016, London)
$1.2M - Seed
Vital Plan (2008, Raleigh, $2M)
Jan 2019
Sanofi VivaTech challenge calling on African startups to
innovate health, here’s how to apply, TechTrendsKE
Jan 2019
Antiviral Drugs Market Insights by Size, Status and Forecast
2019-2025: Involved Key players- Roche, Merck, Novartis,
Gilead Sciences, Digital Journal
Jan 2019
Your Superfoods Raises $5 Million Series A, Los Angeles
Business Journal
Jan 2019
Global Gaucher Disease Market 2018 – Sanofi, Shire, Actelion
Pharma, Pfizer, ISU Pharm, …, Lincoln Trail Publishing
Jan 2019
Young Living Promotes Michael Green to Chief Information
Officer, PR Newswire
Jan 2019
LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP
Encourages Investors Who Suffered Losses Exceeding
$100,000 Investing In Perrigo Company plc To Contact The
Firm, GlobeNewswire
Jan 2019
GSK and Sanofi join FinnGen, a large scale genome study of
the Finnish population, EurekAlert
Jan 2019
Therapeutic Solutions International Continues to Expand
Chronic Traumatic Encephalopathy Intellectual Property
Portfolio, ADVFN
Jan 2019 Chris Hemsworth named global face of Swisse, AdNews
Jan 2019
IMPACT Basketball Center Renamed Herbalife Nutrition
IMPACT Basketball Center, Business Wire
Jan 2019
NATURAL HEALTH TRENDS CORP. INVESTOR ALERT: Wolf
Haldenstein Adler Freeman & Herz LLP announces that a
securities class action lawsuit has been filed in the United
States District Court for the Central District of California,
iCrowdNewswire
News
99
20
45
183
1640
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Supplements > Multicategory: Market Factsheet
60
Exits
Recent InvestmentsCompanies that manufacture
more than one type of supplement
HL Science
(2000, Uiwang)
Canadian Bioceutical
(2014, Toronto)
Perrigo
(1887, Allegan)
Mead johnson
(1900, Chicago)
Natrol
(1980, Chatsworth)
Top Companies
#1 Top Markets of Investment Activity
Nutraceuticals > Market Details > Market: Multicategory
Companies Created 1640 | Funded 183 | Total Funding $2.8B
0
10
20
$0k
$200M
$400M
$600M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Multicategory

Supplements > Multicategory: Top Companies
Market: Multicategory (1/2)
Analyst’s Pick
products
Soonicorn. Stage: Funded
products
Minicorn. Stage: Funded
WM Partners
Aloha (2012, West Palm Beach, $70.9M)
A wellness company manufacturing vegan foods
and dietary supplements
Minicorn. Stage: Series B
First Round Capital, Highland Capital Partners,
Forerunner Ventures and 23 Other Investors
Nutraceutical company commercializing products
to support immune health in infants and toddlers
Gurnet Point Capital
Analyst’s Pick
Monthly subscription box for a range of dietary
supplements
Editor's Pick. Stage: Series B
Goldman Sachs Investment Partners, Goodwater
Capital, RRE Ventures and 5 Other Investors
Keraplast Technologies (1997, San Antonio,
$4.9M)
Keratin extraction technology for developing health
and beauty products
Editor's Pick. Stage: Series A
Multiply Labs (2016, San Francisco, $2.8M)
Designing personalized supplement pill as per
individual needs
Graph Ventures, Fenox Venture Capital, CRCM
Venture and 7 Other Investors
4Life (2014, Sandy)
Manufactures a range of proprietary health and
nutritional supplements
Editor's Pick. Stage: Unfunded
Analyst’s Pick
Agati Healthcare (2010, Mumbai)
Manufacturer of biopharmaceuticals, biosimilars,
and health supplements products
Avion Pharmaceuticals (2011, Alpharetta)
Developer and manufacturer of medicines for
women’s health, pediatrics and cardiology
BariMelts (2017, Miami)
Fast melting dietary supplements for weight loss
surgery patients
Hantian Labs (2013, London)
Skin care and hormone balance supplements
Editor's Pick. Stage: Acquired
Life Extension (1980, Lauderdale)
Developing and marketing a range of nutritional
products
MitoSynergy (2008, Kaukauna)
Dietary supplements for fitness and sports

Supplements > Multicategory: Top Companies
Market: Multicategory (2/2)
Analyst’s Pick
Modern Era Naturals (2014, Toronto)
Manufactures and markets lipid encapsulated
supplements
Nature's Way (1968, Green Bay)
Supplements for daily requirements
Never Too Hungover (2006, Las Vegas)
Vitamin and mineral blend for prevention of
hangover
Nordic Naturals (1995, San Francisco)
Dietary supplements for daily needs
This is Bio (2010, Krakow)
Healthcare & nutrition brand
Young Living (1993, Lehi)
Direct to consumer brand of essential oils

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
63
Supplements > Multicategory: Leaderboard
Better than Market Average
Market: Multicategory
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Zarbees 2008
Salt Lake
City
Acquired $28.2M 6 - - - - 5.6k - - 5 - - 207 4%
5.0 Care/of 2016
New York
City
Series B $42.9M 2 - - - 4 3.2k - - 2 - - 1.3k 63%
4.9 Herbalife 1980 Los Angeles Public - 1 - 4 4 5 5.7k 848k 5.9k 64 1.1k 22% 42 1%
4.8 Megafood 1973 Manchester Acquired $7.6M 3 - - - - 5.7k - - 7 - - 191 4%
4.4 Sanofi 1973 Paris Public - 2 - 4 - 3 109k 50k 222 18 25 13% 5k 5%
4.4 Amway 1959
Ada
Township
Funded - - - 5 3 4 96k 1.7M 14.7k 34 691 5% 1.9k 2%
4.3 Thorne 1984
New York
City
Series C - 3 - - - 4 1.9k - - 13 - - 222 14%
4.3 Your Super 2015 Venice Series A $5M 1 4 - - 5 1.3k - - 4 - - 56 5%
4.0 GNC 1935 Pittsburgh Public - 1 - 4 4 4 209k 300k 2.2k 57 153 8% -1000 -
4.0
Vital
Proteins
2013
Elk Grove
Village
Series B $25.5M 1 - - - 3 5.2k - - 1 - - 322 7%
4.0 Vestige 2004 Delhi Unfunded - - - 5 5 5 145 6M 59.5k 1 40.6k 214% 7 5%
3.9 Carson Life 2014 Miami Seed $2.6M 3 - - - - 1.7k - - - - - 257 18%
3.9 Xymogen 1991 Orlando Series B $7.4M 6 - - - - 1.1k - - - - - 29 3%
3.9 HVMN 2001
San
Francisco
Series A $5.6M 1 - - - 3 6.9k - - 3 - - 261 4%

Incubators Thrive Agtech (#1), NDRC (#1)
Seed DSM (#1), Oost NL (#1)
Series A/B Seventure Partners (#1), S2G Ventures (#1)
Series C+ Lehman Brothers (#1), Everstone Capital (#1)
Mazza Innovation Jul - 2018
Acq by Sensient
Frutarom May - 1996
IPO'd
IBR Feb - 2018
Acq by Frutarom for $21M
Omega Protein
IPO'd
NutraGenesis Nov - 2017
Acq by Innophos for $28M
Enzymotec Sep - 2013
IPO'd on NASDAQ
$7M - Series B
MycoTechnology (2013, Aurora,
$81.7M)
$4.3M - Series A
$33.9M - Series B
$35M - Series B
$81.7M)
$23.5M - Series B
$81.7M)
$20M - Series A
Jan 2019
Lonza Supplies Portola’s Second-Gen Andexxa, Contract
Pharma
Jan 2019
New Study Shows Supplementation with Nicotinamide
Riboside (NR) During Breastfeeding Yields Measurable,
Lasting Benefits to Mothers and Offspring in Animal Model,
Business Wire
Jan 2019
MYOS CEO Joseph Mannello Issues Letter to Shareholders,
Citybizlist
Jan 2019
Lonza Argentina SA.’s Acquisition of Arch Química
Argentina’s Assets, Global Legal Chronicle
Jan 2019 Nektium Inaugurates New Facilities, Nutraceuticals World
Jan 2019
ChromaDex Prepared to Proceed with Patent Infringement
Action Against Elysium Health, CMOCRO
Jan 2019
Ingredion introduces virtual lab and dairy expertise for
EMEA, Food Ingredients First
Jan 2019
OptiBiotix Health Strikes Deal To Take CholBiome Probiotic
Into Russia And Kazakhstan, Informa
Jan 2019
Global Calcium Gluconate Market 2019 – Anil Bioplus
Limited, Global Calcium, AKHIL HEALTHCARE, Tomita
Pharma, Xinhong Pharma, Lincoln Trail Publishing
Jan 2019 Lonza Announces Retirement of Fridtjof Helemann, BioSpace
Jan 2019
Nuritas strikes collaboration agreement with US
manufacturer Pharmavite, Silicon Republic
Jan 2019
MYOS RENS Technology Announces Study Results
Demonstrating Fortetropin®, the Active Ingredient in Myos
Canine Muscle Formula, Prevents Muscle Loss in Canines
After Surgery and Enhances Recovery, PR Newswire
News
41
12
27
65
221
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Nutraceutical Ingredients: Market Factsheet
64
Exits
Recent InvestmentsCompanies manufacturing raw
materials used for manufacturing
Advanced Enzyme
Technologies
(1989, Thane, $18.3M)
Bajaj Health
(1993, Mumbai)
Enzymotec
(1998, Kfar Saba, $21M)
Frutarom
(1933, Haifa)
MycoTechnology
(2013, Aurora, $81.7M)
Top Companies
Nutraceuticals > Market Details > Market: Nutraceutical Ingredients
Companies Created 221 | Funded 65 | Total Funding $341M
0
5
10
$0k
$50M
$100M
$150M
2014 2015 2016 2017 2018
Market: Nutraceutical Ingredients

Nutraceutical Ingredients: Top Companies
Market: Nutraceutical Ingredients (1/2)
Analyst’s Pick
compounds
S2G Ventures, Bunge, Emerson Collective and 13
Other Investors
European Investment Bank, Cultivian Sandbox,
European Union and 6 Other Investors
Food ingredients manufacturer
Unicorn. Stage: Public
Oceans Omega (2009, Montvale, $22.3M)
Functional food company developing and marketing
omega-3 concentrates
Analyst’s Pick
Enzymotec (1998, Kfar Saba, $21M)
Bio-functional lipid ingredients and final products
for nutritional and pharmaceutical application
Frutarom, Ofer-Hi Tech, MMT Fund and 7 Other
Investors
Advanced Enzyme Technologies (1989,
Thane, $18.3M)
Manufactures enzymes for nutrition, food
processing and industrial processing
Soonicorn. Stage: Public
Avendus, Deutsche Bank, Kuwait Investment
Authority and 5 Other Investors
Developing protein isolation technology
Bits x Bites, Yara Ventures, ID Capital and 2 Other
Investors
Analyst’s Pick
ChromaDex (1999, Irvine, $3.4M)
Discover and develop patented ingredient
technologies
Western Alliance Bancorporation, Hercules Capital,
DSM, National Science Foundation
Radient Technologies (2001, Edmonton,
$2.6M)
Develops and markets high-value naturally derived
plant extracts
Aurora Cannabis, Koniag Development
Corporation, Afternic and 2 Other Investors
Traditional company manufacturing flavor and fine
ingredients
Bank Leumi

Nutraceutical Ingredients: Top Companies
Market: Nutraceutical Ingredients (2/2)
Analyst’s Pick
Lonza (1897, Basel)
Company offering a suite of CDMO services to
pharma, biotech and specialty ingredient markets
United States Department of Defense, EDBI
Monteloeder (1996, Elche)
Provider of nutraceutical ingredients
Natto Pharma (2004, Oslo)
Manufactures patented vitamin k2 ingredient

67
Nutraceutical Ingredients: Leaderboard
Market: Nutraceutical Ingredients
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Nuritas 2014 Dublin Series B $59.6M 7 - - - - 1.8k - - 12 - - 187 12%
4.6
MycoTechno
logy
2013 Aurora Series B $81.7M 9 - - - - 352 - - 7 - - 16 5%
4.4 ChromaDex 1999 Irvine Public $3.4M 14 - - - - 2.3k - - 26 - - 27 1%
4.2 Lonza 1897 Basel Public - 1 - - - - 5.5k - - 169 - - 303 6%
3.9 OmniActive 2004 Mumbai Funded $35M 4 - - - - 64 - - 14 - - 1 2%
3.9
Mazza
Innovation
2011 Delta Acquired $2.8M 6 - - - - 83 - - 4 - - 3 4%
3.7
Omega
Protein
1913 Houston Acquired - 1 - - - - 450 - - 21 - - 13 3%
3.7 Ingredion 1906 Chicago Public $25M - 1 - - - 1.8k - - 79 - - 152 10%
3.7 Enzymotec 1998 Kfar Saba Acquired $21M 3 - - - - - - - 14 - - - -
3.6
Advanced
Enzyme
Technologies
1989 Thane Public $18.3M 2 4 - - - - - - 13 - - - -
3.5 Nutrition 21 1996 Purchase Acquired - 1 - - - - 458 - - 7 - - 11 2%
3.4
Novel
Ingredient
1995
East
Hanover
Acquired - 1 - - - - 11 - - 3 - - 3 38%
3.3 Frutarom 1933 Haifa Acquired - 1 - - - - 62 - - 83 - - 1 2%
3.3 Nexira 1895 Rouen Funded - 1 - - - - 238 - - 7 - - 9 4%

Incubators
Seed Fireside Ventures (#1), Enterprise Ventures (#1)
Series A/B Avrio Capital (#1), Powerplant Ventures (#1)
Series C+ DSM (#1), Castanea Partners (#1)
Regenurex Dec - 2018
Acq by Pond Technologies
Fiji Kava Oct - 2018
IPO'd on ASX
Manuka Health Oct - 2018
Acq by Hong Leong Group for $144M
BioGanix Jun - 2017
Acq by Relevium technologies
Go Epic Health Nov - 2016
Acq by Leone Asset
Nutra Canada May - 2016
Acq by Diana Group
$2.4M - Seed
Kapiva (2016, Mumbai, $2.4M)
$7M - Series A
Vive Organics (2016, Venice, $7M)
$395k - Seed
NeuroClub (2018, Virginia Beach,
$395k)
$19.4M - Series A
Manus Bio (2011, Cambridge, $28.8M)
$8.9M - Series C
Amazentis (2007, Lausanne, $8.9M)
$4.2M - Series A
Constance Therapeutics (2008, San
Francisco, $4.7M)
Jan 2019
The Good Housekeeping Institute Partners with Elysium
HealthTM to Launch ‘GH Wellness Lab’ at Hearst Tower,
Business Wire
Jan 2019
Kapiva Ayurveda gets Rs 17 crore in capital commitments,
Indiatimes
Jan 2019
Fiji Kava applauds government decision to ease kava import
regulations Share, Biotech Capital
Jan 2019 CBD Unlimited announces results for FY18, Seeking Alpha
Jan 2019
Attractive Market Opportunities in Ayurvedic Service Market
Esitimate to Grow at a Significant Rate Throughout the
Forecast Period: Competition Status, Emerging Trends,
Digital Journal
Dec 2018
Nutraceuticals Company Gives Away $1 Million of CBD, PR
Newswire
Dec 2018
Study Finds Sensoril Ashwagandha Improves Strength
Training Adaptations & Recovery, Nutraceuticals World
Dec 2018
Pond Technologies Holdings Inc. and Regenurex Health
Corporation enter into Amalgamation Agreement, BioSpace
Dec 2018
Protext Pharma Announces Expansion Of Cannabis License
Agreement With Majority Shareholder Plandia
Biotechnology, Inc., ADVFN
Dec 2018
Inflationary Pressures To Impact Margins For Next Two
Quarters, Says Dabur, BloombergQuint
Nov 2018
Sido Muncul reduces capital in subsidiary Muncul Mekar, IDN
Financials
Nov 2018
Omgtea Founder Reveals What Happened When She Faced
Tv’s Dragons, BQ Live
News
27
10
16
70
717
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Supplements > Herbal Supplements > Plant Extracts and Phyto-chemicals: Market Factsheet
68
Exits
Recent InvestmentsCompanies that extract
biologically active compounds
from plants for use in
manufacturing supplements
Fiji Kava
(2013, Subiaco)
Fredun Group
(1987, Mumbai)
Manus Bio
(2011, Cambridge, $28.8M)
Elysium Health
(2014, Palo, $26.2M)
Amazentis
(2007, Lausanne, $8.9M)
Top Companies
Nutraceuticals > Market Details > Market: Plant Extracts and Phyto-chemicals
0
5
10
$0k
$20M
$40M
$60M
2014 2015 2016 2017 2018
Market: Plant Extracts and Phyto-chemicals

Supplements > Herbal Supplements > Plant Extracts and Phyto-chemicals: Top Companies
Analyst’s Pick
Manus Bio (2011, Cambridge, $28.8M)
Microbial biotechnology firm aiming to produce
phytochemicals using microbial fermentation
Bill and Melinda Gates Foundation, Nelstone
Ventures, Small Business Innovation Research and
5 Other Investors
Elysium Health (2014, Palo, $26.2M)
Develops and manufactures cellular health
supplement
Silicon Valley Bank, General Catalyst Partners,
Breyer Capital and 6 Other Investors
Plandai Biotech (2004, Goodyear, $15.3M)
Developing bioavailable extracts from live plant
materials for use in nutraceuticals
Lincoln Park Capital
Analyst’s Pick
Amazentis (2007, Lausanne, $8.9M)
Developing nutritional products to slow aging and
improve quality of life
Editor's Pick. Stage: Series C
Waypoint Capital

70
Supplements > Herbal Supplements > Plant Extracts and Phyto-chemicals: Leaderboard
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0
Elysium
Health
2014 Palo Series B $26.2M 4 - - - - 8k - - 11 - - 463 6%
4.7 Dabur India 1884 Ghaziabad Public - 2 - - - 5 5.3k - - 64 - - 613 13%
4.5 Manus Bio 2011 Cambridge Series A $28.8M 8 - - - - 97 - - 5 - - 24 33%
3.9 Natreon 1998 - Funded $2.5M 1 - - - 4 205 - - 5 - - 60 41%
3.5
Plandai
Biotech
2004 Goodyear Public $15.3M 1 - - - - 1.3k - - 23 - - -56 -4%
3.4
Kwangdong
Pharmaceuti
cal
1963 Seoul Public - - - - - - 12k - - 5 - - 556 5%
3.4
Arjuna
Natural
Extracts
1989 Ernakulam Funded - 1 - - - - 194 - - 9 - - 5 3%
3.3 Kyani 2005 Idaho Falls Unfunded - - - 5 4 4 7.7k 75k 262 - 194 285% 9 -
3.3
Vive
Organics
2016 Venice Series A $7M 1 3 - - 3 1.6k - - - - - - -
3.2
Constance
Therapeutics
2008
San
Francisco
Series A $4.7M 2 - - - 4 150 - - 3 - - -3 -2%
3.1 Cyanotech 1983
Kailua-
kona
Public $3.6M 5 - - - 3 - - - 17 - - - -
3.1 Kapiva 2016 Mumbai Seed $2.4M 1 4 4 4 3 263 750 6 1 - - - -
3.1 Amazentis 2007 Lausanne Series C $8.9M 1 - - - - - - - 1 - - - -

Nutraceuticals > Market Details > Market: Diversified
Market: Diversified

Market: Diversified

Nutraceuticals > Market Details > Market: Health Snack
Market: Health Snack

Nutraceuticals > Market Details > Market: Medical Foods
Companies Created 23 | Funded 11 | Total Funding $77.1M
Market: Medical Foods

Nutraceuticals > Market Details > Market: Others
Market: Others

Market: Others

Nutraceuticals > Market Details > Market: Contract Manufacturing
Market: Contract Manufacturing

Nutraceuticals > Market Details > Market: Fortified Juice
Market: Fortified Juice

Nutraceuticals > Market Details > Market: Vitamins
Market: Vitamins

Market: Vitamins

Nutraceuticals > Market Details > Market: Probiotic Drink
Market: Probiotic Drink

Nutraceuticals > Market Details > Market: Probiotics
Market: Probiotics

Nutraceuticals > Market Details > Market: Prebiotics
Market: Prebiotics

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
99
Notable Acquisitions
Top Acquirers

Top Nutraceuticals Markets and Companies in 2019

Top Nutraceuticals Markets and Companies in 2019

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