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Penglai Marine Partners with ingredientsonline.com to Target Mineral Market
9/8/2015 9:47 AM
ingredientsonline.com, the industry’s first factory-direct marketplace for nutritional raw materials and other fine ingredients announced its partnership with Penglai Marine, one of the world’s leading mineral manufacturers.
“We are excited about this new business model and believe it will become a major trend in the industry. Ingredientsonline.com is connecting our factories to the American Customers,” said Tao Yu, President of Penglai Marine “US is a big market for minerals, and we are confident to expand of market share on this great platform.”
The minerals category makes up about 8% of the US dietary supplements market ($2.5 billion revenue), according to an estimation of Nutrition Business Journal in 2011. Penglai will sell its carbonates, citrates and gluconates minerals on ingredientsonline.com and gradually add their new products such as CLA, Calcium Lactate and more.
The agreement with Penglai Marine is a game changer and further expands our platform globally,” said GWI CEO Sherry Wang. “Minerals are widely used in almost every customer’s formulation, we believe this partnership will make a much easier mineral sourcing for our customers.”
ingredientsonline.com now boasts over a thousand registered companies on their ecommerce platform. By partnering with world class manufacturers, customers who are a part of the online community now enjoy factory prices, comprehensive quality control, a transparent transaction, prompt shipment from ingredientsonline.com’s California and New Jersey warehouses, and 5-star Customer service.
ingredientsonline.com plans to sign more factory partnerships and add more products over the coming months as it expands its global factory-direct e-commerce platform.
About Penglai Marine: Established in 1995, Penglai Marine Bio-Tech is one of the world's leading mineral manufacturers. The company is ISO, GMP, HACCP certified, FDA-registered and maintains an over 900,000 SQ Ft. facility with about 5,000 MT Carbonates, 1,800 MT Citrates and 800 MT Gluconates annual capacity.
To find out more, go to www.foodelite.com/en.