Infographic: Chinese Ingredients Boost Market ShareInfographic: Chinese Ingredients Boost Market Share
From Traditional Chinese Medicine (TCM) ingredients to specialty botanicals, China's contribution to global nutraceutical supply is expected to grow by double digits into 2017.
July 7, 2014
Despite concerns of safety and quality, dietary supplement manufacturers are increasingly relying on China's natural resources. From Traditional Chinese Medicine (TCM) ingredients to specialty botanicals, China's contribution to the global nutraceutical supply is expected to grow by double digits into 2017.
The gigantic size of China's land and population is reflected in its economy, which is the world's second largest, behind the United States, in terms of gross domestic product (GDP) and purchasing power, according to the International Monetary Fund. Predicted to eclipse the U.S. economy sometime in the next decade—some economists argue it already has—China is generating increasing trade surpluses. China's manufacturing and supply capacity and output has been huge; it is often called the world's factory. This is especially true for the natural products industry, as The Freedonia Group predicted China will represent 16 percent of the world's nutraceutical ingredient demand by 2017.
Learn more about sourcing natural ingredients and overcoming challenges in INSIDER's China's Natural Ingredients Digital Pulse.
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