For the first time, market share stands at 30% or above in 15 of the 20 countries tracked for PLMA’s International Private Label Yearbook.
CVS Health's private label penetration for the quarter is 22.8%, up 85 basis points as compared with the year-ago period.
Private label market share dropped to 17.4% in 2016, according to Nielsen. Innovative healthcare products may be the path toward recapturing some of that lost share.
APCI is a producer of private label absorbent products as well as incontinence products marketed under the brand name Compaire.
Walgreens' own brands currently represent a 15% share of Walgreens' total U.S. beauty sales, the company noted.
CVS Pharmacy is launching its K-Beauty HQ at 2,100 stores nationwide starting in April.
Beyond VMS, the GRMA is working to develop additional standards for other product categories, including cosmetics, OTCs and medical devices.
The company is tailoring supplements to individual patients through a partnership with InsideTracker.
"Our announcements today underscore our commitment to capitalizing on our growth opportunities and having the right management team in place," stated TreeHouse's CEO.
Hormel Foods has a new commercial retail team dedicated to helping its partners grow their private label brand strategies.