Vitamins, fish oils and a tonic for profits
Article Abstract:
The fast-growing UK market for dietary supplements and health food products registered sales of 230 million pounds sterling in 1992. The market for these products is expected to grow rapidly in the 1990s, buoyed by changing consumer perceptions about healthful living, and is expected to reach 750 million pounds sterling by the year 2000. The growth of the UK market mirrors the rising demand for organic health products across Europe and has attracted the attention of European companies eager to challenge the domination of the UK market by local companies such as Reckitt and Coleman, Boots, and Fisons. These European challengers, notably Swiss-based Hoffman La Roche and Scandinavian giant Pharma Nord, aim to increase market share in the three broad product segments that make up the UK market, namely, vitamins, fish oils and dietary supplements such as ginseng, selenium and primrose oil.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Chipping away at burger dominance
Article Abstract:
Pizza restaurants are providing serious competition to hamburger operators for a major share of the fast food market. This dominance of the pizza over the burger is reflected in sales of from 300 million pounds sterling to 600 million pounds sterling of pizzas in the UK for five year period. The strength of the pizza market is so strong that even the recession has not affected sales. Pizza Hut Inc operator PepsiCo Inc is one company that is benefiting from this consumer switch from burgers to pizzas. This pizza fad brings along with it the profit potential of home deliveries, for which the UK market has grown from five percent to 20% in four years. Despite the strong demand for pizzas, hamburger operators such as Burger King Corp are holding well in the fast food market, as noted in their expansion from 30 to 177 outlets in the UK in 1990 and 1991.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Transfer of property or services for a partnership interest not always tax free. Partner was "at risk" for letter of credit
- Abstracts: Trading halts and market activity: an analysis of volume at the open and the close. Insider trading in the OTC market
- Abstracts: Sensitivity, precision, and linear aggregation of signals for performance evaluation
- Abstracts: The expert in your tool-kit. EC law's impact on UK business. Are you sitting comfortably?
- Abstracts: Saviours in the shadows. Serious money. The Next step