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India projected to emerge as largest market for Herbalife
Posted On: 08-02-2012 00:00:00 12

The US based global nutrition and direct-selling company Herbalife sees India as becoming the largest market for its products over the next four year. As reported in the media, William M Rahn, MD (Asia-Pacific) Herbalife has said that Herbalife market in India is currently at second position after Korea in the Asia Pacific region , but will occupy the first place in the region in the next three years, and the top position in the world after four years. Herbalife’s net sales in North America last year stood at $614million.

Encouraged by the rapid growth in India, Herbalife is in talks with various states to set up manufacturing facility in India. The Company currently outsources 80% of its products being sold in India to two firms in Himachal Pradesh. Herbalife plans to take its presence in tier-2 cities to 100 distribution centres, from the current number of 67. Currently there are 180,000 Herbalife distributors across India, and is expected to cross 500,000 in the coming years.

 
 
 

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