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Article: Japan's nutritional supplements market grows to $11.1 billion; Yamaguchi report.
- Article from:
- Nutraceuticals International
- Article date:
- May 1, 2005
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The Japanese market for nutritional supplements has been growing steadily for the last 10 years, despite the overall economic downturn in the country, according to a new report from Paul Yamaguchi & Associates.
In 1994, the market was worth around $5.0 billion and 10 years later it has doubled to $11.1 billion, an average growth of 11% per year. In 2001, the market expanded 22%, its largest single year growth to date. In 2002-3, this slowed to just over a 5% increase but, in 2004, the sector bounced back to double-digit growth, the report notes. Moreover, its says that, despite years of economic slowdown and a difficult regulatory environment, the Japanese ...