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Abbott to Exit Mainland Chinese Baby Formula Market by 2023
Published on: 2022-12-15
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US healthcare giant Abbott Laboratories will halt sales of baby formula in mainland China until next year amid fierce competition, shifting its focus to medical nutrition instead.
 

Abbott will phase out manufacturing and sales of baby formula under its Eleva, PediaSure and Similac brands, as well as its Total Comfort and NeoSure sub-brands, by 2023, the Chicago-based company’s Shanghai commercial arm said on WeChat today.
 

Abbott had a 6.2 percent share of the approximately CNY 5 billion (US$719 million) Chinese formula market in 2019, but was not among the top 10, according to figures from market research firm Nielsen as of September this year.
 

In February, Abbott recalled batches of Similac, Alimentum and EleCare products manufactured by its Sturgis, Michigan facility after a baby died after consuming products contaminated with Cronobacter sakazakii and Salmonella Newport, which cause meningitis or sepsis be able.
 

Consumers in China can buy Eleva, PediaSure and Similac products online and offline with customer service, Abbott said. After the withdrawal, the company’s cross-border e-commerce platform will continue to operate.
 

雅培奶粉,撤出中国大陆

昨日,雅培中国发布公告称将进行业务调整,重点发展医学营养品业务,并将逐步停止中国大陆市场的婴幼儿和儿童营养品的运营和销售,仅保留跨境渠道。
 

公告显示,过去数年,雅培在中国大陆快速变化的市场上参与了激烈的竞争。然而,消费者对婴幼儿以及儿童营养产品的需求正在发生变化。因此,雅培决定更专注于不断增长的医学营养品业务,并逐步停止中国大陆市场的婴幼儿和儿童营养产品的运营及销售。
 

同时,中国成人的科学营养补充意识日益增强,雅培将继续致力于提供创新的医学营养品。雅培在中国大陆的其他业务包括诊断、医疗器械和药品等领域均不受影响,对中国市场的长期投入没有改变。

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