Sales of vitamins and dietary supplements in the United States, Britain
and Italy rose over 50 percent between 1994 and 1998, driven by increasing
health awareness and the growing acceptance of self-medication.
Leading market research analyst Euromonitor said in its report "Vitamins
and Dietary Supplements: The International Market" that the expansion
of retail distribution channels had helped boost sales.
It said Japan was the biggest market with over-the-counter sales running
at $10.7 billion in 1998, more than 10 times the size of any of the European
markets.
It said growth in the U.S., where sales topped $6.76 billion in 1998,
was driven by strong demand for herbal dietary supplements prompted by
growing media interest in the subject.
Dietary Supplements in the Lead
Euromonitor said dietary supplements, including mineral and calcium
ingredients as well as fish oils, tonics and bottled nutritional drinks,
made up the largest sector in Japan, the United States, Germany, France
and Spain.
Vitamins overtook dietary supplements in Italy and Britain during the
period 1994-98.
Euromonitor said manufacturers would start to introduce more sophisticated
products and would target particular consumer groups like pregnant women
and children.
"In terms of sales the widening of distribution combined with private
label growth will generally lead to lower prices, thus negatively impacting
the total value of the market," Euromonitor said.
" However this will be outweighed in most countries by the positive
effect of greater volume sales following from wider availability." |