January - NBJ Industry Awards & Executive Review
NBJ 2009 Award winners demonstrate industry's many strengths/talents with recipients proving the nutrition market has much to celebrate despite last year's tough economic environment. 2009 was a tough year for most individuals and companies- but not for everyone, as the recipients of Nutrition Business Journal's 2009 Business Achievement Awards demonstrate.
February - Functional Foods & Beverages
The recession lashed away at sales growth for the U.S. functional food and beverage market in 2009, but the category fared better than the overall U.S. food market. Future growth could be hindered, however, by growing regulatory scrutiny and rising consumer skepticism over unsubstantiated claims.
March- Organic Foods, Beverages and Personal Care
Although organic once again outpaced conventional food and beverage sales in 2009, some categories had trouble staying afloat and others actually declined. Nutrition Business Journal takes a deep dive into the numbers and explores when recovery is expected for organic.
April – MLM & Practitioner Sales in the Nutrition Industry
Supplement companies selling via healthcare practitioners saw a spike in revenue growth last year, as preventive health took priority for U.S. consumers. Meanwhile, MLMs backtracked along with spending in 2009.
May – Direct Selling in the Nutrition Industry
Although the lion’s share of nutrition industry sales are rung up in brick-and-mortar retail stores, direct channels continue to play an important and growing role for the industry. Sales via direct-to-consumer channels increased 4% to $15 billion in 2009, as companies with a multi-channel sales strategy found ways to leverage their brands and weather the uncertain economy. Not all is rosy on the direct-selling front, however, thanks to increased scrutiny from regulators, consumers and credit card companies.
June/July – Annual U.S. Nutrition Industry Overview
Growth rates decline across the industry, as total nutrition sales reach $108 billion. Regulatory scrutiny is on the rise for supplements, but product development is finally picking up steam. Although affected less than food and personal care companies, many supplement firms struggle to expand as 2009 sales growth sputters in every nutrition category with the economy taking its toll.
August – Finance & Investment in the Nutrition Industry
2009 was a difficult year for early- and mid-stage nutrition companies looking for capital, but an uptick in investment and M&A deals in 2010 is fueling a new sense of cautious optimism for entrepreneurs and investors alike.
September – Consumer Research in the Nutrition Industry
Thanks to the world’s new economic reality and rapidly changing consumer values and preferences, smart companies know they must invest more in consumer research and other due diligence before launching new products or rolling out new marketing campaigns.
October – Raw Material & Ingredient Supply
As GMPs reach full implementation across the industry, RMIS companies still face regulatory challenges with broad impact on product innovation and pricing. Evidence suggests that suppliers are finding protection from margin pressures in branded products, better science, and moves up the value chain toward consumers and fi nished goods. NBJ tracked ingredient supply sales at $9.3 billion in 2009 on 4% growth.
November/December – Integrative & Condition-Specific Medicine
With passage of Affordable Care Act, integrative medicine gets a welcome shot in the arm. But what happens next? NBJ studies the effects of reform on supplements, science, and the future of self-care.
January 2011 – Executive Review: NBJ Awards & CEO Q&A
Announcing the winners of the 2010 NBJ Awards, with a call to arms for industry to renew its commitment to product innovation. 2010 goes down as another banner year for nutrition as NBJ honors key industry players who are moving the ball forward, with one glaring exception.