News Column

Market Research Forecasts Sales of Nutritional Supplements to Reach $15.5 Billion by 2017

Sep 25 2012 12:00AM

Marketwire

LogoTracker

ROCKVILLE, MD -- (Marketwire) -- 09/25/12 -- MarketResearch.com has announced the addition of "Nutritional Supplements in the U.S., 5th Edition," to their collection of market reports. For more information, visit http://www.marketresearch.com/Packaged-Facts-v768/Nutritional-Supplements-Edition-7131106/

Throughout the recession and its "New Normal" aftermath of frugal spending, the nutritional supplements market held steady as Americans apparently embraced supplements as less costly alternatives to pure-play medical options like doctor visits and prescription medications. Now, with U.S. consumers beginning to loosen their budgetary belt straps, nutritional supplement marketers must work to keep their products at the forefront of consumers' health regimens. Key to this pursuit are targeted products featuring trendy ingredients more heavily backed by science and increasingly taking a page from their functional food competitors. At the same time, supplement marketers must keep their sights squarely focused on their prime demographics: those over age 65 and the up-and-coming aging Baby Boomers currently swelling the senior brackets. Nor can the industry afford to ignore the younger demographics who are its longer-term future, but whose supplement usage rates have been declining, or the emergent Hispanic population, whose supplement usage rates are below average but gradually rising.

Marketwide, product efficacy and credibility remain crucial, with supplement developers increasingly relying on scientific evidence supporting the benefits of taking nutritional supplements to bolster the industry's image in the eyes of consumers and healthcare practitioners. With market regulation and scrutiny at an all-time high, it's more important than ever for the industry to produce and feature products able to substantiate their health benefit claims. In this vein, condition-specific supplements continue to grow in breadth and importance, and they will remain a key driver of sales and new product development across myriad segments including joint, brain, cosmetic, and heart, with many of these products homing in on age-related health issues. At the other end of the condition-specific spectrum, children's supplements have been doing well, demographically book-ending the overall market in a way that suggests solid future prospects. During 2012, supplement sales rose 7% to $11.5 billion, the report calculates, and sales are forecasted to reach $15.5 billion by 2017.

For more information, visit http://www.marketresearch.com/Packaged-Facts-v768/Nutritional-Supplements-Edition-7131106/

About MarketResearch.com

MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance. For more information, call Will Gray at 240-747-3008 or visit http://www.marketresearch.com.



Add to Digg Bookmark with del.icio.us Add to Newsvine



Contact:
Will Gray
MarketResearch.com
Email Contact
240.747.3008





Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters