05.27.14
U.S. – China Health Products Association (USCHPA) has published a report entitled, “U.S. Dietary Supplement Export Potential Report: China” to quantify the amount of potential exports and jobs the U.S. dietary supplement industry is losing as a result of China’s strict regulatory system for dietary supplements (referred to as “Health Food Products” in China). The report was compiled for the U.S. Department of Commerce (U.S. DOC) and as a reference point for the U.S. dietary supplement industry.
China has become the largest consumer market in the world and is currently driving profits for many multinationals. According to USCHPA, this market could offer a huge opportunity for U.S. dietary supplement companies; however navigating the Chinese market and inconsistencies with importing regulations has made entry extremely difficult.
USCHPA surveyed some of the largest players in the U.S. dietary supplement industry to obtain export sales data for its report. “Basically the association wants to see what the export and job creation numbers would look like for U.S. companies if China’s regulatory system was more open and transparent,” stated the association’s executive director Jeff Crowther. “The association has been working closely with U.S. DOC since 2010 on regulatory advocacy measures in China. This report will assist DOC in their ongoing conversations with China’s Food and Drug Administration and Ministry of Commerce”.
For the full report visit: http://uschinahpa.org/2014/05/u-s-dietary-supplement-export-potential-report-china-2014/.
China has become the largest consumer market in the world and is currently driving profits for many multinationals. According to USCHPA, this market could offer a huge opportunity for U.S. dietary supplement companies; however navigating the Chinese market and inconsistencies with importing regulations has made entry extremely difficult.
USCHPA surveyed some of the largest players in the U.S. dietary supplement industry to obtain export sales data for its report. “Basically the association wants to see what the export and job creation numbers would look like for U.S. companies if China’s regulatory system was more open and transparent,” stated the association’s executive director Jeff Crowther. “The association has been working closely with U.S. DOC since 2010 on regulatory advocacy measures in China. This report will assist DOC in their ongoing conversations with China’s Food and Drug Administration and Ministry of Commerce”.
For the full report visit: http://uschinahpa.org/2014/05/u-s-dietary-supplement-export-potential-report-china-2014/.