Australia joins global cohort to drive gender parity across the $5.5bn complementary medicines industry
SYDNEY, Australia (7 November 2022) – Women In Nutraceuticals (WIN), the non-profit spearheaded by a cohort of global nutraceutical leaders, today announced its formal launch across the globe in US, Europe and Australasia, with a vision to inspire, empower and motivate women in the global nutraceutical industry to achieve personal and professional success.
According to the latest audit by peak industry body Complementary Medicines Australia (CMA), industry revenue sits at $5.5 billion with 77 TGA-licensed finished complementary medicine product manufacturing sites, employing 2,515 people in the manufacturing sector alone. Nearly 70% of the Australian population consumes a nutraceutical supplement.
“The contribution women make to the industry's success is immeasurable,” said London-based WIN President, Heather Granato, Vice President, Partnerships & Sustainability, Informa. “Yet in the US, the 2021 Women in the Workplace report showed that only 86 women to every 100 men are promoted to first-level manager, and women are under-represented in leadership roles across the nutraceutical industry.”
“The lack of female leadership representation is a disservice to the industry as women represent the majority of consumers and consistently add significant value when they hold influential positions. WIN was formed to amplify women’s industry standing and provide them support, resources, and tools to achieve professional and personal success,” Granato said.
Women In Nutraceuticals is a non-profit global organization that champions the cause of women in the nutraceutical industry to achieve equal opportunity and representation of women in the boardroom and C-suite as well as maximising funding for women-led businesses championing more women in science and research initiatives in female populations.
WIN’s founding members represent organizations from around the globe, including the United States, Europe, Asia and Australasia.
“The Australian nutraceutical sector is one of the most highly regarded in the world, for its commitment to quality ingredients and manufacturing processes, for the best outcome for Australians. The industry employs 2515 people in the Complementary Medicine manufacturing sector alone, without considering research, retail and brand holders. Women have played an integral role in the success of the industry for decades, and it is our duty to strive for gender parity through our mission which is to empower women in nutraceuticals to unlock their personal and professional potential,” said WIN’s Australian-based Marketing Committee Co-Chair, Gillian Fish, CEO of The 6AM Agency.
“The support of the global industry in the space of a matter of weeks has been overwhelming and highlights the sentiment of both men and women across the supply chain that there is a clear need to help increase the percentage of women holding leadership roles, funding for female-led businesses, and women’s participation in research,” she said.
In 2022, WIN is focused on establishing benchmarking data on women’s roles in the industry across the globe, helping increase the percentage of women holding leadership roles, securing funding for female-led businesses and ensuring female representation in research. The organization will also foster connections through networking events and education.
WIN founding sponsors include Alkemist Labs, Amin Talati Wasserman, Arizona Nutritional Supplements, Artemis International, Avant Nutrition LLC, Cepham Inc, Council for Responsible Nutrition, Cypress Systems, DCC Health & Beauty Solutions USA, Industry Transparency Center, Informa, IngredientsOnline.com, Kemin, Know Agency, Kyowa Hakko, MAYPRO Group, Merical, Nutrasource, Nutrify Today, Nutrition Capital Network, Organic & Natural Health Association, The 6AM Agency. Founding media partners include Nutraceuticals World, NutraIngredients-USA, Nutritional Outlook, SupplySide/New Hope/Vitafoods, and WholeFoods Magazine.
For information about WIN Events, Membership and Sponsorship opportunities, visit WomenInNutraceuticals.org.