Year-to-date product sales increased 11% to $213.5 million and year-to- date contract manufacturing sales were $11.3 million.
A breakdown of product sales by market for the third quarter and year-to- date periods are as follows (in thousands):
Three months ended July 31, Nine months ended July 31,
2007 2006 2007 2006
Infant formula market $66,536 $62,230 $193,317 $180,991
Food and beverage
market 1,909 470 3,777 1,006
Pregnancy and nursing,
and animal feeds 4,846 2,605 12,995 7,186
products 1,185 1,017 3,435 2,846
Total product sales $74,476 $66,322 $213,524 $192,029
The increase in product sales reflects continued strong demand from Martek's U.S. and international infant formula customers, the launch of new and growth of existing food and beverage products containing life'sDHA(TM) and the Company's increased penetration into the pregnancy and nursing and nutritional supplements markets.
New products launched during the third quarter co-branded with the Martek life'sDHA(TM) logo include:
Food and Beverage Products
-- Dean Foods Company (including WhiteWave Foods) products:
-- WhiteWave Foods' Horizon Organic(R) Milk Plus DHA with life'sDHA(TM)
-- WhiteWave Foods' Silk(R) Plus Omega-3 DHA with life'sDHA(TM)
(expanded launch to Canada)
-- WhiteWave Foods' Rachel's(R) Wickedly Delicious Yogurt with
|SOURCE Martek Biosciences Corporation|
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