Pulse Legacy Archive January / February 2013 | Page 30

WELLNESS SECTOR: Healthy Eating, Nutrition and Weight Loss Trends According to Euromonitor International’s study titled Understanding the Global Consumer for Health and Wellness 2012, health and wellness packaged food is a US$628-billion market, more than 10 times bigger than the spa industry. COSMECEUTICAL: Topical beauty products which combine cosmetics and pharmaceutical properties and contain biologically active ingredients that have a cosmetic effect on the user. NUTRICOSMETIC: Ingestible beauty products (e.g. dietary supplements, food and drink) that have been developed to promote healthy skin, nails, hair and 28 PULSE ■ January/February 2013 general beauty. There is a growing market for teas that help make skin radiant, teas that help aid sleep, supplements for stronger nails, among others. ● Opportunities Given the market size of the health and wellness packaged food industry, there is definitely a business opportunity in this sector. Spas have yet to fully tap this trend. ● To help introduce new wellness food offered in your spa, consider packaging cosmeceuticals or nutricosmetics with spa treatments. For instance, offer a one-month supply of a dietary supplement along with a body treatment or a ● skin-enhancing tea with an anti-aging facial treatment. Carry health and wellness packaged food offered within your spa, such as dried blueberries, health chocolate and organic teas, in your retail area to allow guests to continue the spa experience at home. Choose products wisely. According to Euromonitor International, organic, fair trade and eco-friendly products that offer “instant” gratifications, such as weight control, slimming, hair growth and immune support, are top sellers among health and wellness packaged food.