• Revenues Over $6.0 Million USD for Six Months Ending June 30th, Reflecting Impressive Increase of $2.8 Million USD Compared to Total Revenues in 2023.
• Global Nutraceuticals Market Projected to Grow From USD 457.35 Billion in 2024 to USD 976.74 Billion by 2032 at a CAGR of 9.95% During 2024-2032.
• Strategic Initiatives for 2024 include the Acquisition of Profitable Websites, Expansion of Product Lines and Growth of the Customer Base.
• Leading Player in the Nutraceuticals Health and Wellness Products Sector.
• eCommerce AI-Powered Platform, NutraBuddy, Targeted to Attract over 10 Million Users in its First-Year Post-Launch.
• Market Size Trend Projected to Double with Rising Awareness of Health Benefits and Global Popularity of Nutraceuticals.
Ladybug Resource Group, Inc. (OTC: LBRG) operating under Ladybug NutraTech, is making great strides to be a leading player in the health and wellness e-commerce sector. With innovative strategies, diverse product offerings, and a commitment to customer and shareholder satisfaction, the LBRG remains at the forefront of its industry.
LBRG Surpasses $6 Million in Revenue for First Half of Year
On October 2nd LBRG reported revenues of $6.0 million USD for the six months ending June 30, 2024, reflecting an impressive increase of approximately $2.8 million USD compared to total revenues generated in 2023.
LBRG strategic initiatives for 2024, operating under the brand name Ladybug NutraTech, include the acquisition of profitable websites, expansion of product lines, and growth of the customer base. These initiatives are clearly reflected in the Company’s Q1 and Q2 revenue results. The development and optimization of e-commerce platforms have driven significant revenue growth, resulting in an approximately 84% increase compared to total revenues in 2023. This consistent upward trend highlights the LBRG robust market position and growth potential, setting the stage for ongoing success in the nutraceutical industry.
LBRG Market Size Trend Projected to Double with Rising Awareness of Health Benefits / Nutraceuticals Gain in Popularity Globally, Insights and Forecasts Show Increasing Positive Product Sales as Consumers Focus on Wellness
On October 21st LBRG, now operating as Ladybug Nutratech, announced that it is a leading player in the increasingly important health and wellness products sector. LBRG has initiatives for new product lines, strategic acquisitions, and its eCommerce AI-powered platform, NutraBuddy, which is targeted to attract over 10 million users in its first-year post-launch. LBRG follows the growing nutraceutical market trend with the recent announcement of surpassing $6.0 million USD in revenue for the first half of 2024.
This market trend is a 114% increase in market size, impressive due to the increased consumption by consumers of nutraceuticals to improve health and wellness.
LBRG operates in the global nutraceuticals market which was reported as USD 419.93 billion in 2023 and is projected to grow from USD 457.35 billion in 2024 to USD 976.74 billion by 2032 at a CAGR of 9.95% during the forecast period 2024-2032. Moreover, the nutraceuticals market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 163.15 billion by 2032, driven by increased consumer awareness about the benefits of consumption of nutraceuticals to improve health and prevent certain lifestyle diseases.
Nutraceuticals are gaining popularity globally due to the rising awareness of their numerous health benefits among consumers. The growing knowledge regarding these products' ability to prevent or delay the occurrence of various health disorders has contributed to escalating the demand for these products. These types of products. which LBRG markets, are also becoming remarkably popular among individuals seeking alternative and natural ways to promote and maintain overall health and wellness.
Increasing consumers' concern for their health and wellness positively impacts product sales, which will create a vast opportunity for companies to develop innovative products. This factor is likely to push the market growth over the forecast period. Furthermore, industry players like
LBRG are focusing on market penetration activities such as digitalizing their supply chain, collaborating with celebrities to promote the products, and strengthening their e-commerce platform, which is likely to shape the market in the near future.
Source: https://www.fortunebusinessinsights.com/nutraceuticals-market-102530
James Kurko, Chairman and CEO of LBRG, says, "As a Company, we’re excited to gain confirmation from an independent analysis report which supports our focus and direction in both growth and sales. This solidifies the initiatives and foundations the Company has established."
Rapid Growth as Sales Continue to Accelerate Across All Business Segments
On October 16th LBRG reported that it continues with sales growth in all business segments of the Company. Highlighting year-to-date, LBRG performance has demonstrated impressive revenue growth in the first half of 2024. LBRG remains steadfast in its commitment to online marketing and sales, leveraging its innovative products that blend nutritional and pharmaceutical elements to offer consumers holistic health benefits. In an era where health and wellness consciousness are on the rise, coupled with an aging population's demand for natural and preventive health solutions, the nutraceutical industry has experienced a surge in popularity. This trend has been further amplified by the convenience of e-commerce platforms, which provide consumers with easy access to a diverse array of nutritional options from the comfort of their homes.
For more information on $LBRG visit: www.ladybugnutratech.com
Media Contact
Company Name: Ladybug Resource Group, Inc.
Contact Person: James P. Kurko, Chairman and CEO
Email: Send Email
Phone: +1 918-727-7137
Address:11630 Slater Avenue NE Ste. 1A
City: Kirkland
State: WA 98034
Country: United States
Website: www.ladybugnutratech.com
