Attempting to predict trends for the year ahead seems somewhat of a foolish task these days but the reality is that many health product trends are slow burners, building steam gradually before becoming fully-fledged mainstream inclusions.
So despite the air of uncertainty around retail and the ever-changing global environment that we live in, experts can still predict, with fair accuracy, what we will be eating more of in the near future. We’ve tracked down the data-driven expert insights to bring you four health product trends to watch this year.
Plant-based meat alternatives and protein sources are big business and they have been for a while now. But we’re going to see this ramp up in 2021 big time!
The plant-based protein market is predicted to grow at an impressive compound annual growth rate (CAGR) of 7.3%, with demand for vegan meat alternatives soaring back in 2020—sales were up by a staggering 264% by May!*
This demand isn’t just coming from those who are vegan either. It’s driven by a mix of factors—the plant-based movement, flexitarian-style diets, increased awareness around health and excessive meat consumption, climate change activism, in addition to a host of innovative ‘can’t-believe-it’s-not-meat’ replica products piquing the interest of mainstream consumers.
You may have seen the word ‘nootropics’ before but what exactly are they? Nootropics can be classified as ingredients, supplements, or other substances that may improve cognitive function including memory, focus, motivation or creativity. Some provide temporary enhanced performance while others work long-term to improve cognitive health and mental performance if taken consistently.
According to DataM Intelligence, the global nootropics market is predicted to grow at a CAGR of 12.6% during the forecasting period (2020-2027). We’re expecting to see nootropics pop up in all kinds of products thanks to powerful marketing promoting their ability to support academic success, professional advantage, athletic performance, personal improvement and sustaining brain activities during old age.
The demand for functional food and beverages that help reduce anxiety, support adrenal health, reduce insomnia, help to manage stress and improve mood are sharply on the rise. In fact, according to Goldstein Research, sleep aids and stress management supplements including products with herbal extracts, ashwagandha, tryptophan, zinc and/or magnesium are the fastest-growing category within health!
Even prior to the stresses of 2020, mood/relaxing supplements were a booming category that grew at a CAGR of 5.7% between 2014 to 2019. According to Euromonitor’s ‘Health and Nutrition Survey, January and February 2020’, more than 50% of consumers around the world claimed they were suffering from ‘moderate’ to ‘extreme’ stress.
Originally driven by the need for alternatives to wheat and other gluten-containing flours, functional flours are gaining popularity as consumers and culinary experts seek to improve the texture, taste and nutrient profile of their gluten-free cooking.
Functional flours such as apple, chia, banana, quinoa and coconut flour are popular thanks to their additional health benefits, flavour profiles and baking capabilities, as well as their sustainable nature. Many of these are often a byproduct of other food manufacturing and help to reduce waste which makes them more sustainable options to regular flour.
There is also a continued increase in gluten-free, grain-free and low-carb diets that are driving the demand even further. According to Global Market Insights, the global gluten-free food market alone is expected to reach more than AUD$20 billion in the next six years!
Kickstart 2021 with your shelves stocked with the best trending products from Unique Health Products. You can shop online 24/7 or call our friendly sales team on 1800 787 904. If you don’t have a wholesale account with us yet, you can register for one here.
*Research and Markets, 2020, CB Insights, 2020.