You've read about which trends New Hope's editors and analysts expect to see at Natural Products Expo East 2023 and beyond. But what does the data say? More specifically, which trends have the most momentum in the marketplace based on natural product launches and consumer priorities for the year ahead?
One way New Hope analyzes trends is through the lens of innovation activity. By comparing product launches at our two 2023 shows—Natural Products Expo West in March and Expo East in September—against launches at the 2022 events, we can identify which trends have had an influx of fresh innovation and positioning over the last year. This enables us to see the top 10 trends—from a list of 41—that are showing the most momentum:
Socially responsible sourcing
Business beyond profit
Time-honored heritage ingredients
Texture, format and novel experiences
Next, our data team examined the "why" behind the top 10 trends by determining where each fits within New Hope's Trend Framework. We began by identifying which of the three "cultural forces" each trend falls under: purpose-driven commerce, holistic health and well-being, or modern life. We then further classified each trend according to the "market force" propelling its emergence in the marketplace and eventual representation by brands and products presented at Expo East.
Yes, this exercise is technical, but it gives us a data-informed look at what's trending, why and how that's manifesting in the market. It also shows us what the natural products industry's greatest innovators—many of them emerging brands bringing new ideas and inspiration to the table—are thinking about as they ideate, develop and launch new products.
According to the data, today's innovators are heading to market with eco-social issues top of mind, as six of the top 10 innovation-led trends fall within the purpose-driven commerce cultural force. Entrepreneurs push the industry to evolve, so the more brands that lead consumers to products that solve for environmental, social and cultural issues, the more exposure consumers will have to these trends, eventually seeking them out.
See how the top 10 innovation trends and consumers' 10 most important trends fit into New Hope Network's Trend Framework. Click download, above, for a PDF
Natural products businesses may have their own innovation agendas, but part of being a successful brand involves meeting the priorities and demands of consumers. Another way we assess trends is by asking consumers about them directly. So, to find out which of 41 trends they care about most and which they believe will succeed in the marketplace in the coming year, New Hope Network surveyed 1,000 consumers ages 18 to 75 in April.
The clear winners? Health and wellness trends dominate the top 10, demonstrating that consumers are prioritizing functional wellness, healthy fats, balanced macronutrients and using plants to meet macronutrient needs. Consumers also clearly care about environmental trends such as reducing waste and renewable energy.
Learn more and see data-rich assessment of the top trends shaping the industry. Click here to purchase the NEXT Special Report: 2024 Trends & Innovations.
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