Published: November 4, 2024
Maypro Group, a leader in nutraceuticals, has received a strategic investment from Japan-based ITOCHU Corporation, which acquired a 25% stake in the company. This partnership is set to accelerate Maypro’s global expansion by leveraging its portfolio of ingredients and finished products with ITOCHU’s expansive distribution network, including Family Mart, a major convenience store chain in Asia. Together, they aim to address health needs across Japan’s aging demographic, emerging markets like China and Southeast Asia, and the U.S., where health food market sales are projected to reach $67.43 billion in 2024. Maypro’s CEO, May Yamada-Lifton, expressed confidence in this collaboration to drive long-term growth and innovation.
