Posts Tagged ‘China dietary supplement market size’
Wang Dahong, secretary in chief of market committee of China Health Care Association, said when taking interview recently that China’s health industry fails to meet the demand of local consumers for quality products at this moment,
The industry should strive for improvement and upgrading relevant services in the industry, he said.
In the future, China’s nutrition and health industry is expected to lead in the world, said Mr. Wang, adding the current market value of China’s nutrition and health retail is between 400 billion and 500 billion yuan.
In five years, the market value would be expected to reach 2 trillion yuan, and four trillion yuan in ten years, which would be similar to the pharmaceutical industry, he said.
Mr. Wang also admit that problems including counterfeits and false advertisement are serious in the local market, which cried for strengthened regulation in the regard. (Source: Shuzheng kangxun)