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DGAP-News: AlzChem Group AG / Key word(s): Market Report
AlzChem wins NutraIngredients Award 2021 as "Ingredient of the Year: Sports Nutrition" // Offensive in growth market Nutrition with focus on vegan and vegetarian nutrition
Andreas Niedermaier, CEO of the AlzChem Group, commented as follows: "We are very pleased to receive this international award and it underlines once again how successfully we are positioning ourselves in the market as the quality leader "Made in Germany". As a dietary supplement producer in the sports market, we are very well recognized worldwide. Now, our goal is to bring the benefits of our high-quality creatine, which we sell as an additive to sports nutrition producers, even more strongly to the food industry, which focuses on vegan and vegetarian foods. This is a huge growth market that generated a sales volume of EUR 1.2 billion in Germany alone in 2019. Experts see double-digit growth of over eleven percent annually from 2020 to 2027 in the global market for plant-based foods. We want to benefit from this. At the same time, the award is also a reason for us to continue positioning ourselves in this market and to successively further optimize and expand our existing product range."
Creatine can realize its full potential as a dietary supplement, particularly in foods for vegan and vegetarian nutrition and in sports nutrition. Creatine plays a central role in human cells as an energy transporter and store. In the body of an adult, there are about 80 to 130 grams of this natural, endogenous substance. However, since the body breaks down and excretes around one to two percent of it every day, it must regularly replenish its creatine supply. Various organs can synthesize part of it, while the body must absorb the rest through food. However, creatine is only found in relevant quantities in meat and fish, but not in vegetables or dairy products. Therefore, it is necessary for people who eat a vegan or vegetarian diet to also consume additional creatine through their food.
AlzChem is the leading Western manufacturer of high-purity creatine supplied to the food industry. Since 2019, AlzChem has also been offering LIVADUR(R), a creatine-based end-user product that can significantly improve the effect of regular strength training on muscle strength in adults when taken daily.
The company sees interesting growth prospects for itself in particular in the areas of human and animal nutrition, pharmaceuticals, agriculture, fine chemicals, metallurgy and renewable energies. The company's broad product range includes dietary supplements, plant growth regulators and precursors for corona tests.
AlzChem employs around 1,630 people at four production sites in Germany and Sweden, and at two sales companies in the USA and China. In 2020, AlzChem generated consolidated sales of around EUR 379 million and EBITDA of around EUR 53.8 million.
26.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
AlzChem Group AG
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart
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