Organic Baby Foods Leading the Health Food Charge in Asia

Irwin Simon, the founder and CEO of Hain Celestial (NASDAQ: HAIN  ) , discusses the emerging Asian market and where the growth opportunities lie in this key area with Motley Fool analyst Brendan Byrnes.

More great advice from the Motley Fool!The Motley Fool's chief investment officer has selected his No. 1 stock for this year. Find out which stock it is in the brand-new free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.

Brendan Byrnes: How about Asia? It’s such a different culture in Asia. How do you see the whole natural, healthy foods phenomenon translating to Asia? Do you see that happening?

Irwin Simon: Big time, and we have a joint venture with Hutchison Whampoa, one of the largest retailers in Asia today, and big in telecom. It’s really interesting, Asia. First entry to organic in Asia is in organic baby formula and baby food, which is the same here. And actually, what I’ve seen in Asia, and we’ve done a great job in Hong Kong -- we have a 10% share within the last couple years. What I see in Asia, instead Asians used to give gifts of alcohol as presents; now they’re giving organic foods as gifts. 

So, there is the awareness, and the younger consumer today is much more educated. I have a 17-year-old daughter. She is so educated today, and yes, she lives in my household, so you’d have to be. But her friends are being vegetarians, and not eating meat and just healthy products, and that doesn’t mean they’re not eating a chocolate bar or eating a doughnut, but they’re focused on going to spinning class, going to yoga, eating healthy. And they’re the moms and dads of the future that will keep our industry and a lot of the health and wellness industry going.


Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2326336, ~/Articles/ArticleHandler.aspx, 7/22/2014 5:20:10 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.


Advertisement