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Update news functional food
VietNamNet Bridge - Pharmacy firms are making good profits, with the market expecting a stable growth rate of 10-15 percent.
VietNamNet Bridge - Nearly all pharmaceutical manufacturers have been or are planning to produce functional food because of the lucrative market.
The things of universal interest in Vietnam, if put in order of importance are general economic information, bills for basic needs, job stability, food price increases and health. This explains why the functional food market in Vietnam is hot.
VietNamNet Bridge – Pharmacy manufacturers and distributors are earning big money from the functional food market, which has been witnessing stable two-digit growth rates in the last few years.
Amway is building its second factory in Vietnam, NuSkin has got $15 million in revenue after one year of operation in Vietnam, while Unicity has got 22,000 members in its distribution network.
The market for functional foods is in chaos. These products are advertised as wonderful remedies that can cure all kinds of diseases, even cancer. The price is also “sky high”. Many people have become victims of false advertisement.