Australian vitamins get 'energy boost'
By Bloomberg | China Daily | Updated: 2015-09-10 07:41
Booming Chinese demand for foreign-produced vitamins and supplements has helped an Australian company triple its share price in the past year and prompted another to explore a possible sale.
Vitamin and dietary supplement sales almost doubled in the past five years in China, jumping 12 percent to 100.1 billion yuan ($15.7 billion) in 2014, according to market researcher Euromonitor International.
Blackmores Ltd said sales to Chinese and other Asian buyers accounted for A$150 million ($105.8 million), or almost one-third of annual revenue, in the year ended June 30.
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