Despite persistent softness in 2024, the global consumer health marketplace will likely draw on several trends to drive growth over the next five years. Collectively, these factors are expected to meaningfully propel interest in categories across sports nutrition, vitamins and dietary supplements and even OTC drugs, though the depth and persistence of these effects will be influenced by brand innovation, focus on meeting specific consumer demands, and commitment to consumer education.
This report comes in PPT.
Gut health, the fastest-growing dietary supplement benefit in the 2010s, is back as an anchor to multifunctional products, as more consumers understand the linkage between gut health and other adjacent health considerations and as adjacent industries like soft drinks and snacks have mainstreamed gut health solutions in various markets.
Long-standing demand for beauty-positioned supplements in Asia has reached other regions, with considerable growth expected, especially in the US, behind enterprising start-ups as well as bigger investments by market leaders (like Unilever’s acquisition of Nutrafol in 2022).
The term “healthy ageing” is ready for a facelift through more precise terminology and more specific approaches for consumers at different stages of ageing. To do so, the industry must build a more sophisticated approach around solutions to meet specific needs at different life-stages rather than unsupportable, broad claims.
Sports nutrition has a long runway for growth, as the industry is embracing wider benefits and messaging to attract a more diverse group of consumers and is steering investments into emerging economies with low penetration to diversify away from the industry’s historically narrow geographic footprint.
Prescription-based weight loss drugs are still in their infancy, but consumer health companies would be wise to develop strategies now to allow their products to be used in conjunction with these drugs before future consumer demand is harder to shift.
It is the aggregation of OTC, Vitamins and Dietary Supplements (VDS), Sports Nutrition, and Weight Management and Wellbeing
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