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Article: Russia's $1.4-$1.9B dietary supps market led by foreign products in value terms.(market size, market share data for dietary supplements market)(Industry Overview)
- Article from:
- Nutraceuticals International
- Article date:
- November 1, 2002
CopyrightCOPYRIGHT 2002 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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Estimates of the dietary supplements and nutraceuticals market in Russia range from $1.4 billion (according to the Plekhanov Academy of Economics) to $1.9 billion (based on expert appraisal in the mass media), according to the BISNIS Bulletin, published by the US Department of Commerce.
Russian products account for 65%-70% of the market by volume, with foreign supplements making up 30%-35%. However, in terms of value, foreign products make up around 60% of the market. Currently, according to the BISNIS, there are over 2,000 manufacturers of dietary supplements operating in Russia, but experts are predicting that market growth will slow down significantly in the ...