NMI Reports 2009 Health & Wellness Industry Sales at $125 Billion
Natural Marketing Institute (NMI) announced that retail sales within the U.S. consumer packaged goods health and wellness industry reached almost $125 billion in 2009, representing an overall growth of 5% over the previous year. This figure includes sales across all retail and direct-to-consumer channels for the six categories detailed below. These findings are part of NMI’s annual Health & Wellness Trends Database® (HWTD) research study, conducted in Q4 of 2009 among 5,607 U.S. households.
While functional/fortified foods and beverages continue to represent the largest portion of sales, this category had the smallest growth rate (only 2%) over 2008. The majority of other categories also saw growth rates in the single digits ranging from 5% to 8%. The notable exception was the natural/organic general merchandise category, which for the second year in a row, exhibited double-digit growth. This category, which includes pet products, clothing and household cleaning products, grew by 15%. The proliferation of these products in mainstream shopping channels was likely a major factor that contributed to this growth.
Based on consumer spending by product segment, consumer penetration/usage trends, and projected data, industry retail dollars in billions for 2009 (and growth versus 2008) are as follows:
Functional/Fortified Foods & Beverages: $41 (2%)
Vitamins, Minerals, Herbal & Dietary Supplements: $25 (8%)
Organic Foods/Beverages: $25 (5%)
Natural Foods/Beverages: $15 (5%)
Natural/Organic Personal Care: $10 (8%)
Natural/Organic General Merchandise: $9 (15%)
According to NMI President Maryellen Molyneaux, 'The economic crisis has affected consumer shopping for health and wellness. Many have changed what, where and how they buy. These changes are not short term but are lifestyle changes that could impact the industry into the future. Based on our research and analysis, NMI projects that the health and wellness industry will grow at a rate of approximately 3% to 15% across various categories in 2010.'
More information can be found in NMI’s upcoming 11th Edition Health & Wellness Trends Report.
NMI is an international strategic consulting, market research, and business development company specializing in the health, wellness, and sustainable marketplace. For more information on NMI’s proprietary research reports and services, visit NMI’s web site at www.NMIsolutions.com.