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NMI Announces 2007 Health and Wellness Market Stats
Posted: July 9, 2008The Natural Marketing Institute (NMI) announced that retail sales within the US consumer packaged goods health and wellness industry reached US$102.75 billion in 2007, representing 15% growth since 2006. This figure includes sales across all retail and direct-to-consumer channels for the categories detailed below. These findings are part of NMI’s annual Health & Wellness Trends Database research study, conducted in 2007 among more than 6,000 US households.
Between 2006 and 2007, functional/fortified foods and beverage sales increased 12% to US$38.6 billion. “Functional and fortified foods/beverage continue to comprise the largest segment within the health and wellness category,” says Maryellen Molyneaux, president of NMI. “It represents more than one-third of all industry sales.”
NMI also reported a growth of 25% for organic foods and beverages—with sales of US$19 billion and more than 2,000 new product launches last year. Vitamins, minerals, herbal and dietary supplements amounted US$21.7 billion in sales (up by 7%) in 2007. Natural foods/beverages reached US$14.1 billion in U.S. consumer goods’ sales (up by 4%). In addition, natural/organic general merchandise amounted US$1.5 billion in sales (up by 21% since 2006). Lastly, the natural/organic personal care category showed the largest growth since 2006, at 29% (US$7.8 billion in sales). Based on recent in-depth research, NMI predicts this category will show staying power as evidenced by 842 new product introductions in 2007. NMI also predicts that double-digit growth of the health and wellness marketplace will continue with projected sales of $170 billion by 2012.
More details on industry trends and projections can be found in NMI’s 9th edition Health & Wellness Trends Report. Log onto www.nmisolutions.com/r_hwt.html for more information.