Lallemand Health Solutions raises its presence in China
Nov 25, 2015
Lallemand Health Solutions recently exhibited in a Chinese tradeshow: Healthplex & Nutraceutical China 2015. This show is described as the largest and most valuable exhibition of health products in the Asia-Pacific region. It combines CPhI (pharma orientated) with HIE, NI et FIA (focused on health ingredients and natural health products).
Attendees were from both international and domestic ingredient as well as finished product manufacturers. A great occasion for LHS to network and explore business opportunities in Asia at a time when we are planning important growth in this area for the coming years. In addition to a booth presence, where LHS could showcase its probiotics solutions, the company also participated to the “1st China International PROBIOTICS and Omega 3 Summit”, an event organized by the US-China Health Products Association.
The objective of this organization is to increase the importations of natural health products from North America/Europe to China, in particular by encouraging a more open and transparent regulatory system in China. According to Euromonitor, China offers a great untapped potential for probiotic dietary supplements. The probiotic market represents around 5.4Bn USD, with a 156% growth between 2009-2014. However, dietary food supplements were estimated to represent only 1% of this market: a great potential for our own development !