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Article: Asian vitamins and dietary supplements market boosted by Japan.
- Article from:
- Nutraceuticals International
- Article date:
- June 1, 1999
CopyrightCOPYRIGHT 1999 Marketletter Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Asian market for over-the-counter health care products is dominated by vitamins and dietary supplements, which account for 56.4% of this market largely because of their significance in Japan, says a new study from Euromonitor.
The report says vitamins and dietary supplements are popular throughout the region, especially in Japan. This has made the sector the most valuable in the regional OTC health care market, and the leading companies in this sector hold the major share of the total OTC market. Japan accounted for 90.6% of total current US$ value in 1994, and even with the yen's devaluation and economic recession, it still represented 88.7% in 1998, ...