Consumers Look to Natural Products to Optimize Health,
Finds New Report
SCHAUMBURG, IL January 28, 2009 – In an era of heavily promoted and over-used pharmaceuticals, many people are saying “No.” Leery of harmful side effects, many health-conscious consumers are reaching for natural alternatives to relieve their health conditions. That’s one of the key findings from a new report released by natural products industry information provider SPINS and market research firm Mintel.
The Evolving Natural Lifestyle: SPINS Natural Products Marketplace Review reveals that as health care costs rise, natural supplements are gaining force as an alternative to expensive prescriptions and may continue to experience elevated levels of demand. Those related to weight control represent the largest segment in the Natural Supplements and Herbal Products category, grossing over $1.5 billion in 2008. Americans’ progressively more stressful lives have prompted an increase in remedies to treat sleep disorders and anxiety as well, with the segment expanding by more than 35% between 2006 and 2007.
Sales of supplements and herbal products related to women’s health reached over $1 billion in sales in 2008, shows the report. Women’s Health has become a major arena for natural product manufacturers as baby boomer women enter menopause and seek natural alternatives to mainstream estrogen replacement therapy.
Sales of products touting a gluten-free label have gone up by over a third since 2006, and can be expected to rise even higher as more cases of gluten intolerance are identified. Food allergies are driving more consumers to natural products and increased awareness of the issues surrounding gluten consumption has had a major impact on the food industry.
The Evolving Natural Lifestyle: SPINS Natural Product Marketplace Review
The comprehensive report compiled by SPINS and Mintel offers a unique view into the current retail landscape affecting the Natural Products Industry, including:
- The evolving ‘natural lifestyle’ and how it has expanded beyond natural and organic products
- The need for a universally accepted definition of ‘natural’
- The growth of the gluten-free segment
- The opportunities in natural supplements posed by the pharmaceutical industry
- The organic market and how our economy has impacted its growth
Please contact your SPINS representative or Purchase Reports page for further details on purchasing this exciting review of the Natural Products Industry in today’s challenging climate.
About SPINS
SPINS was founded in 1995 as the first company to offer Natural Products sales data to the industry. Today, it is the premier provider of industry reporting and consulting services for this rapidly expanding sector. SPINS’ comprehensive offering includes retail measurement services, content-based reporting, consumer information and consulting services. Learn more at www.spins.com .
About Mintel
Mintel is a leading global supplier of consumer, product and media intelligence. For more than 35 years, Mintel has provided insight into key worldwide trends, offering unique data that directly impacts client success. With offices in Chicago, London, Belfast, Shanghai, Tokyo and Sydney, Mintel has forged a unique reputation as a world-renowned business brand. Learn more at www.mintel.com.
Please direct any press-related requests to Jennifer Fuller at 847.908.1224 or jfuller@spins.com.
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