Vitamins Resilient to Downturn in Asia, Blackmores CEO Says
- Asian markets continue to demand imported dietary supplements
- Cost price inflation showing signs of easing, Symington says
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Asian markets including China continue to show growing demand for high quality dietary supplements despite Covid-related disruptions and the general economic downturn, according to Australian vitamin manufacturer Blackmores Ltd.
The company expects spending on vitamins and supplements to remain resilient to economic slowdowns, Chief Executive Officer Alastair Symington said in an interview with Bloomberg Television on Tuesday. Over the past year there has been significant growth in Southeast Asian markets, with Indonesia growing 36% and Thailand growing 33%, he said.