Research and Markets: Functional Beauty Products Are Expected to Increase at a CAGR 13.7%, Reaching Nearly $1 Billion by 2008.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c9975) has announced the addition of US Functional Food, Beverages and Supplements - Inside-out Health and Beauty to their offering. As consumers increasingly demand measurable, instant benefits, interest in functional products with short-term, visible effects continues to drive the multi-billion dollar nutraceuticals industry. This report provides a comprehensive analysis of the industry, identifying opportunities for growth and offering recommendations to enable manufacturers to take advantage of the "beauty foods" trend. Report Scope: US nutraceuticals 1998-2003 industry, with 2003-2008 forecasts of the beverages, bakery, dairy, confectionery confectionery, delicacies or sweetmeats that have sugar as a principal ingredient, combined with coloring matter and flavoring and often with fruit or nuts. In the United States it is usually called candy, in Great Britain, sweets or boiled sweets. , snacks, and supplements markets Proprietary online survey of 1,002 US consumers and 154 US manufacturers in August 2004 One-to-one interviews with over 30 ingredients companies and industry experts Comprehensive search of major NPD NPD New Product Development NPD Nouveau Parti Démocratique (Canada) NPD Narcissistic Personality Disorder NPD Norwegian Petroleum Directorate NPD Nationaldemokratische Partei Deutschlands over the past two years, using We have Productscan online service Report Highlights: The US nutraceuticals market increased at a CAGR CAGR See: Compound Annual Growth Rate of 8.2% between 1998 and 2003, driven by strong growth in energy-boosting products. While growth in almost all health-related segments is expected to slow over the next five years, however, functional beauty products are expected to increase at a CAGR 13.7%, reaching nearly $1 billion by 2008. This burgeoning "beauty foods" trend creates significant opportunities for manufacturers. With consumers never-ending search for quick fixes to a multitude of wellness-related issues, the line between health and beauty needs continues to blur. New concepts in ingestible products can help consumers reach their short-term health and beauty goals. Beauty concerns are driving growth not only among the Baby Boomer baby boomer also ba·by-boom·er n. A member of a baby-boom generation. Noun 1. baby boomer - a member of the baby boom generation in the 1950s; "they expanded the schools for a generation of baby boomers" boomer population, but among younger consumers as well. Consumers of all ages tend to fall into one of three distinct groups: Instant Gratifiers, Planners and Regulars, each with their own particular preferences and habits. Reasons to Purchase: 1. Benchmark the importance of product development "hunches" against the needs of buyers and end-users 2. Understand functional and fortified fortified (fôrt  ´fīd),adj containing additives more potent than the principal ingredient. market opportunities based on the quantification of US consumer and manufacturer opinions 3. Make informed NPD and partnership decisions based on unique quantified market sizes for emerging product categories CHAPTER 1 EXECUTIVE SUMMARY 3 Hot topic 3 Market context 4 Ingredients and regulatory shifts 5 Consumer focus 6 Nutraceutical industry dynamics 6 The future decoded 8 Action points 8 CHAPTER 2 MARKET CONTEXT 20 Introduction 20 Key findings 20 Market size 21 Market segments 23 Market segment size by health category 35 Drivers and trends 39 The trend towards overall health 39 An aging population concerned with long-term health and beauty 42 The increasingly busy consumer wants immediate benefits 44 Technological advancements have led to more efficacious ef·fi·ca·cious adj. Producing or capable of producing a desired effect. See Synonyms at effective. [From Latin effic and improved taste formulations 45 A shift in marketing focus is creating wider appeal 49 Stricter regulations are combating recent controversy 51 Conclusions 51 CHAPTER 3 INGREDIENTS AND REGULATORY SHIFTS 52 Introduction 52 Key findings 52 Ingredients 53 Calcium 55 Antioxidants Antioxidants Substances that reduce the damage of the highly reactive free radicals that are the byproducts of the cells. Mentioned in: Aging, Nutritional Supplements antioxidants, n. 56 Omega-3/6 and Polyunsaturated Fatty Acids Noun 1. polyunsaturated fatty acid - an unsaturated fatty acid whose carbon chain has more than one double or triple valence bond per molecule; found chiefly in fish and corn and soybean oil and safflower oil 58 Glucosamine glucosamine /glu·co·sa·mine/ (gloo-ko´sah-men) an amino derivative of glucose, occurring in glycosaminoglycans and a variety of complex polysaccharides such as blood group substances. 60 Soy isoflavones isoflavones (īˑ·sō·flāˈ·vōnz), n.pl phytoestrogenic compounds found in various plants, including red clover and soy. 61 Black cohosh black cohosh see actaeaspicata. 62 Probiotics Probiotics Bacteria that are beneficial to a person's health, either through protecting the body against pathogenic bacteria or assisting in recovery from an illness. Mentioned in: Colonic Irrigation, Dysentery, Gastroenteritis and prebiotics 63 Regulatory Trends 64 The Consumer Information for Better Nutrition Initiative 65 The Bioterrorism Act of 2002 67 Good Manufacturing Practices Good Manufacturing Practice or GMP (also referred to as 'cGMP' or 'current Good Manufacturing Practice') is a term that is recognized worldwide for the control and management of manufacturing and quality control testing of foods and pharmaceutical products. 69 The Dietary Supplements Noun 1. dietary supplement - something added to complete a diet or to make up for a dietary deficiency diet - a prescribed selection of foods vitamin pill - a pill containing one or more vitamins; taken as a dietary supplement Safety Act (Bill S.722) 70 International regulations 71 Conclusions 75 CHAPTER 4 CONSUMER FOCUS 76 Introduction 76 Key findings 76 Demographic overview of US consumers 77 Health overview of US consumers 78 Heart health and cardiovascular disease Cardiovascular disease Disease that affects the heart and blood vessels. Mentioned in: Lipoproteins Test cardiovascular disease 78 Gut health 80 Bone and joint health 81 Energy 83 Other health concerns 83 Preferences and behaviors of US consumers 87 Conclusions 96 CHAPTER 5 NUTRACEUTICAL INDUSTRY DYNAMICS 97 Introduction 97 Key findings 97 Industry structure 98 Finished-product manufacturers 98 Ingredient companies 100 Key manufacturers 101 Partnerships and consolidation 105 Manufacturer survey 108 Conclusions 115 CHAPTER 6 THE FUTURE DECODED 116 Introduction 116 Key findings 116 Consumers are demanding measurable benefits from functional health products that are directed towards anti-aging health concerns 117 Despite many innovative nutrient delivery systems developed for use as functional health products, functional versions of staple foods A staple food is a food that forms the basis of a traditional diet, particularly that of the poor. Staple foods vary from place to place, but are typically inexpensive starchy foods of vegetable origin that are high in food energy (Calories) and carbohydrate and that can be stored and beverages will drive growth 121 Aging consumers, coupled with a demand for anti-aging products with visible benefits, are creating a trend for functional health products with beauty benefits. 126 CHAPTER 7 ACTION POINTS 131 Introduction 131 Key findings 131 Make functionality clear to consumers and provide positive, upbeat messages of health benefits 132 Make functionality clear to consumers and provide positive, upbeat messages of health benefits 132 Target a wider range of age and lifestyle groups rather than focusing on a single demographic 134 Look for joint venture opportunities to maximize competitive advantages 136 Concentrate on developing staple foods with functional benefits that can be consumed conveniently and fit into busy lifestyles 138 Five key elements to creating a successful functional staple food 140 Develop "beauty foods" that appeal to Instant Gratifiers and target multiple concerns about aging 142 CHAPTER 8 APPENDIX 151 Definitions 151 Supplementary information 155 How to contact experts in your industry 160 LIST OF TABLES For more information visit http://www.researchandmarkets.com/reports/c9975 |
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