For Immediate Release
Contact: Chris Lasonde, Nutrition Business Journal
Tel: 303.998.9221 E-mail: christopher.lasonde@penton.com
Global Nutrition Industry Expands 8% to $270 billion
Natural & organic food up 12% • Functional foods grow 6% • Russian supplement market leaps 35%
• H1N1 flu stimulates supplement sales • Natural & organic personal care surpasses $27 billion
BOULDER, COLO., (December 20, 2009) — New Hope Natural Media's Nutrition Business Journal (NBJ) announced the release of its Global Nutrition Industry Overview issue today. This 48-page issue details the specifics of the 8% global nutrition industry growth in 2008 to $270 billion. NBJ's findings conclude a seven-month research process including a complete review of all relevant third-party global research, an exhaustive survey of global nutrition industry manufacturers and suppliers and extensive interviews with top executives and consultants in the global nutrition industry.
"The global recession did its best to tear away at nutrition industry sales last year, but growth continued in the vast majority of markets—with China, Latin America, Australia/New Zealand, Eastern Europe/Russia and the Middle East each achieving double-digit expansion in 2008. According to Nutrition Business Journal estimates, total global sales are expected to rise another 6% to 10% in 2009. On the supplement front, the outbreak of the H1N1 flu pandemic, which surfaced in Mexico in April 2009 and touched nearly every country in the world by August, is helping to lift sales all over the globe as well," said NBJ Editor Carlotta Mast.
"A number of factors are keeping global nutrition industry sales afloat and, in most cases, rising—despite a now infamous worldwide economic storm. These factors include an aging global population; the continued spread of diabetes, heart disease and other chronic health ailments linked to poor nutritional habits; a growing consumer embrace of self-care and natural therapies to prevent illness; and a burgeoning middle class stretching from Brazil to Ghana to India that has more money and more inclination to spend on health and wellness," said NBJ Publisher and Editorial Director Patrick Rea.
The 2009 Global Nutrition Industry Overview issue includes:
Nutrition Business Journal is an executive newsletter for decision-makers in the natural, nutrition and complementary and alternative health industries. NBJ's exclusive research and editorial focus on the strategic issues of the nutrition industry has made it a leading business intelligence resource for subscribers since 1996. To purchase detailed market research reports, subscribe to the NBJ, or sign up for the NBJ's free weekly e-newsletter, please visit www.nutritionbusiness.com. NBJ also hosts the NBJ Summit, an invitation-only retreat for C-level executives in the nutrition industry each July. For more information, visit www.nbjsummit.com.
New Hope Natural Media (www.newhope.com), a division of the Penton Media, Inc., is the leading media resource and information provider for the natural, organic and healthy products industry with print, in-person/event, and e-business products and services. Penton Media, Inc. is the largest independent business-to-business media company in the U.S., serving more than six million business professionals every month. The company's market-leading brands are focused on 30 industries and include 113 trade magazines, 145 Web sites, 150 industry trade shows and conferences, and more than 500 information data products. Headquartered in New York City, the privately held company is owned by MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP, and its coinvestors. For additional information on the company and its businesses, visit www.penton.com. <
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