Vitamin Market Outlook For 2008
This article was originally published in PharmAsia News
Executive Summary
In 2007, vitamin products-calcium pantothenate, folic acid, vitamins A, B2, and C-experienced high price increase. Analysts attribute the hike to the monopoly enjoyed by major companies, as well as the inflated cost of raw materials. However, observers do not expect vitamin products to continue enjoying such strong growth in 2008; the temporary price spike was caused by increased costs in infrastructure, environmental management, raw materials and labor. Mostly, vitamin prices hover around cost, and more competitors entering the market will add to the depression. Last year's adjustment of export tax rebates have adversely impacted many sectors; the clamp-down on high-energy, high-polluting industries will further curtail the development of many companies, including those producing vitamins. (Click here for more - Chinese Language)