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Sales soar for wellness products
Retail sales within the U.S. consumer packaged goods health and wellness industry reached $102.75 billion in 2007, representing growth of 15 percent over 2006, according to Harleysville, Pa.-based Natural Marketing Institute (NMI). NMI predicts that double-digit growth of the health and wellness marketplace will continue with projected sales of $170 billion by 2012.
According to NMI President Maryellen Molyneaux, functional and fortified foods/beverage continue to comprise the largest segment within the health and wellness category, representing more than one-third of all industry sales; up ...