Business
Herborium® Targets Distribution of its New Skin Protein Bar by Whole Foods, TraderJoe, Walmart and Target the Fall 2021
Herborium® Targets Distribution of its New Skin Protein Bar by Whole Foods, TraderJoe, Walmart and Target the Fall 2021.
About this update from Herborium Group, Inc.
[{"type":"text","content":"\n Houston, Aug. 13, 2021 (GLOBE NEWSWIRE) -- Houston, Texas, 08/13/2021. Herborium Group, Inc.  (OTC Pink: HBRM),  a Botanical Therapeutics Company and the provider of unique, all botanical medicinal products with a strong records of efficacy and safety, (Botanical Therapeutics®) announced today that its Second Quarter of 2021 is marked by no dilution of its shares structure and standing representing the fifth consecutive profitable quarter since 2020.  In addition the Company’s margin increased to 66% and the costs and expenses decreased by 12% in comparison to the same period of 2020. .   To secure further growth of the Company we are presently working on a number of corporate governance items that we believe will benefit both the Company and investors,  The first on the agenda being to return the Company to the highest tier of current information on OTC and maintaining this status. The Company also confirms the progress it has made preparing for the launch of its new, proprietary Herborium Skin Protein Bar.  The Skin Protein Bar combines the benefits of clear, healthy and youthful skin with healthy weight management.  The Skin Protein Bar is scheduled to enter the market in the 4th  Quarter of 2021. . The Skin bar comes in different flavors to satisfy diversified consumer’s pallet and is targeting a rapidly growing population of protein bar favoring consumers in particular and functional foods customers at large. The target distributors such as Whole Foods, TraderJoe, Walmart and Target will be canvased to distribute this highly innovative product. Currently, there is no propriatry protein bar on the market that also targets skin health. “Fortune Business Insights” report that the global protein bar market size is expected to reach USD 7.03 billion globally by 2027 with the US market alone achieving over $3 Billion.  In addition, the uniqueness of Herborium’s Skin Protein Bar is based on the fact that it also belongs to the category of “beauty positioned supplements” that grew 61% in sales in the USA in the past year.  This represents the largest growth among countries with the top seven highest sales in the category. The fact that the Herborium bar belongs to two not just one fast growing categories of products pr...