Dispatches from #FIE2013
Another BRIC in the weight management wall as sector hits $150bn globally in 2013
“It was actually the second largest health trend globally, just behind general wellbeing,” said Ewa Hudson, Euromonitor International global head of health and wellness research, at Food Ingredients Europe in Frankfurt, Germany, recently.
“We expect it grow by 34% by 2019 so it is a pretty strong growth,” Hudson said.
The growth was being driven by emerging markets like Mexico, Brazil, Argentina and India.
“For example Brazil added just over $700m (€518m) in new sales just in one year but…in 2013 India will be in the lead with new sales of over $800m (€592m).”
Hudson noted formats differed very much in emerging markets where, say, in India dairy dominated compared to a broader range of options in mature markets like North America and western Europe.
Despite the Nestlé exit, weight management remains important to the biggest food companies, it being the most important health category to Coca-Cola and others.