January - NBJ Awards & Executive Review
In October and November of last year (2008), the industry nominations for Nutrition Business Journal’s 2008 Business Achievement Awards began pouring in via the NBJ Website and our e-mail inboxes. In reading the many nominations that came in, we were offered a glimpse into how nutrition companies are creating and marketing innovative new products, helping the environment and worthwhile charitable causes, and thriving in the current bleak economy.
February - Natural & Organic Personal Care
U.S. consumers continued to stock up on natural & organic personal care (N&OPC) and household products in 2008, which saw sales rise 12.7%. Despite continued growth, however, companies are bracing for a tougher 2009.
March - Organic Foods & Beverages
U.S. consumer sales of organic foods and beverages expanded 12% to $21.1 billion in 2008, but industry growth has slowed considerably—proving that the industry is not recession-proof, as many once believed.
April - Kids' Nutrition
U.S. Healthy Kids’ Market: Children and adolescents 17 and younger make up nearly a quarter of the U.S. population. Healthy and “better for you” products formulated for and/or marketed to this group generated more than $10 billion in U.S. consumer sales in 2008.
May - Direct Selling in the Nutrition Industry
The economy took a bite out of sales growth for every direct-to-consumer channel in 2008. Still, not one channel contracted last year, and the Internet continued to expand at a double-digit pace.
June/July – Annual Industry Overview
While other industries began to sink amidst last year’s global economic tsunami, the U.S. nutrition industry stayed afl oat, growing 8.7% to $101. 8 billion.
August – Pet & Animal Nutrition
Like kids, pets are proving recession-proof—particularly for health-related products. This was evident by the 11.6% growth the U.S. animal nutrition industry saw in 2008.
September – Sports Nutrition & Weight Loss
Sales growth of SNWL products was down in 2008 and is expected to stall more in 2009, as companies deal with sluggish consumer spending, FDA warnings and product recalls.
October – Raw Materials & Ingredient Supply
Despite dealing with the competing pressures of ensuring ingredient quality while maintaining competitive prices in a faltering economy, many RMIS companies continue to see their sales grow. In fact, NBJ estimates that total RMIS sales to the U.S. nutrition industry were up 11% in 2008.
November/December - Global Nutrition Industry
A worldwide economic storm wasn’t enough to slow the global nutrition industry, which grew 8% to $270 billion in 2008. Supplement sales in Western Europe and Japan continue to mature, while China, Brazil, Eastern Europe and Russia post double-digit growth.