BevCanna's Naturo Group to Expand TRACE Plant-Based and Alkaline Products into Asia-Pacific Markets

Rhea-AI Summary

BevCanna Enterprises (Q:BVNNF) has announced its expansion into the Asia Pacific region through its subsidiary, Naturo Group. The company will launch its TRACE health and wellness products in Japan, China, and the Philippines, targeting a population of 1.633 billion people. The global nutraceutical market is projected to reach US$722.49 billion by 2027, growing at a CAGR of 8.3%. This expansion aligns with rising consumer demand for natural wellness products, particularly in Japan, where two-thirds of consumers favor superfoods and natural health solutions.

Positive

• Expansion into high-potential Asia Pacific markets including Japan, China, and the Philippines.
• TRACE products align with consumer trends favoring health-conscious and natural products in Asia.
• Projected growth of the global nutraceutical market supports potential revenue increase.

Negative

• None.

Emerging leader in innovative health and wellness beverages and consumer products, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) (“BevCanna” or the “Company”) announces today its anticipated expansion into the Asia Pacific region, through its wholly-owned subsidiary Naturo Group. After completing a comprehensive market, distribution and partner assessment, the Company intends to initially launch its portfolio of TRACE health and wellness products in the key markets of Japan, China, and the Philippines, through multi-channel distribution outlets including e-commerce, retail, and wholesale.

TRACE product family (Photo: Business Wire)

With a combined population of 1.633 billion people, or 21 percent of the world’s citizenry, the three countries signify a substantial opportunity for BevCanna. The markets’ growing and prosperous middle-class consumer base represents an ideal demographic for the TRACE products, as consumers increasingly opt for healthier lifestyle choices. The global nutraceutical market size is projected to reach US$722.49 billion by 2027, expanding at a CAGR of 8.3% over the forecast period; Asia-Pacific is expected to witness the fastest growth over the forecast period, particularly in Japan and China.¹ The Japanese market is particularly suited for the introduction of the TRACE brand, with its consumers having developed a decided preference for natural, health-conscious products. Two-thirds of Asian consumers believe in superfoods and natural health products for treating ailments², representing a prime demographic for wellness-focused products.

“The Asian market is a natural fit for our TRACE line of plant-based and alkaline products,” said Melise Panetta, President of BevCanna. “We’ve been actively evaluating the market potential, while also fielding increased interest from Asian customers and partners in our TRACE plant-based mineral products and our Canadian natural alkaline spring water. Our portfolio of products will address a growing demand for nutraceuticals and wellness-focused natural products, and we’re pleased to announce our anticipated expansion into these significant markets”.

TRACE’s proprietary plant-based mineralized beverages and nutraceuticals contain fulvic and humic minerals, sourced from ancient organic compounds that are highly concentrated sources of trace minerals. Recognized benefits of the Health Canada-approved formulations include cognitive performance, gut health, immune function, and aiding the body in metabolizing carbohydrates, fats, and proteins. Mineral-enhanced water is increasingly popular in Asia for its purported benefits to human immune systems and brain health.

TRACE’s proprietary alkaline spring water is bottled at source in British Columbia�

FAQ

What is BevCanna Enterprises' stock symbol?

BevCanna Enterprises' stock symbol is Q:BVNNF.

Which Asia Pacific countries will BevCanna expand into?

BevCanna is expanding into Japan, China, and the Philippines.

What industry is BevCanna targeting with its TRACE products?

BevCanna is targeting the nutraceutical and wellness products industry.

What is the projected growth of the global nutraceutical market?

The global nutraceutical market is projected to reach US$722.49 billion by 2027.

What demographic is BevCanna targeting in Asia?

BevCanna is targeting the growing middle-class consumer base interested in healthier lifestyle choices.