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Top three takeaways from NBJ’s Condition Specific Report
NBJ’s 2023 Condition Specific Report is now available. This report covers ingredients and trends across 22 health conditions and examines what has succeeded and struggled post-COVID and during the economic turbulence of 2022 and 2023. Here is a sneak peek of our top takeaways from the report:
Brain health momentum: the continued diversification of generational interest in Brain Health has driven growth in recent years and led to an accelerated growth rate in projections through 2026. Growth in the condition, which covers memory, cognition, focus, creativity and more, reached 7.2% last year and the CAGR through 2026 is expected to be 8.1%. This uptick in growth over historical years is driven by innovations appealing to younger consumers – from neurohackers to gamers to employees looking to beat brain fog. We can’t ignore the impact of one of the most talked-about categories as well: mushrooms – a key factor in viral nootropic formulas paving the way for these strong forecasts. Increased attention on women: the growth outlook increases through the forecast period for both Women’s General Health and Menopause supplements. While the CAGR for 2022-2026 for Women’s General Health is just 2.2% compared to the Menopause projected CAGR of 5.3%, exponential growth is expected for both, and industry excitement around the categories is palpable. Strong investment in innovation across women’s health categories is on the horizon as women escalate through leadership roles in the supplement market. We have been excited to see innovations in menopause sub-categories like perimenopause, as well as the destigmatizing of other women’s health concerns like PMS, fertility and vaginal health. Surprising dip in mood: Mood and Mental Health, dubbed one of the COVID-adjacent conditions, had record growth of 29.4% in 2020 and still-strong growth of 10.8% in 2021. The normalization hit hard last year with a decline of 1.5% that was more harsh than expected. One of the biggest contributing factors is the huge drop of 22.7% seen in Hemp CBD. Growth remained relatively strong in combination herbal formulas however, and the outlook is bright through 2026 given the strong demand for mental health support in younger generations.
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| | Claire Morton
Claire Morton is the Senior Manager of Data & Insights for New Hope Network's Nutrition Business Journal. She manages NBJ's data and insights to inform the industry on market trends and forecasts in natural and organic food and beverage, functional food and beverage, dietary supplements and personal care. |
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| | | The who, why, and when of the top 22 conditions |
| | The Condition Specific Report includes 30 company profiles and over 150 charts covering 22 conditions such as brain health, healthy aging, beauty from within, heart health, diabetes, menopause, weight management - and more, while showcasing which consumer concerns will drive growth through 2026.
The data and insights collected will make it easier to build connections between headlines, behaviors, and sales. |
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