Dietary supplement markets around the world continue to present positive gains despite global economic turmoil, especially in China. Euromonitor data forecasts that China’s vitamin and dietary supplement sector will continue to grow at 6 percent per year until 2015. China’s nutritional supplements market is attractive for investors due to its growth potential with an estimated market size of $10 to $16 billion.
With worsening health problems due to environmental degradation, improved health awareness, an aging population, growing disposable incomes, local product quality concerns and positive reputation of European and American brands, the demand for health care products is stronger, leaving many Western businesses anxious to plot their market entry strategy.
China Health Care Association reported that over the past 15 years, some 644 types of nutritional supplements have been imported into China. Some firms such as General Nutrition Centers Inc. and Amway have aggressively established a strong foothold in the market.
Fenchem is now making a stronger push to develop our import business. To meet the strong requirements of Chinese consumer on dietary supplements, Fenchem contributes to importing overseas dietary supplements into the Chinese market. Our strong technical support team will help the manufacturers to register the products in SFDA to meet the Chinese local regulations on dietary supplements.
In Germany, we officially opened its new office in Koln this year. It will be our fifth overseas office following Fenchem Inc. in the USA, Fenchem EU in the Czech Republic, Fenchem Malaysia and Fenchem SA in South Africa. These five branched offices will give convenience to our import sales. Fenchem will be a good partner for your business developments.