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Research Outline
Prepared for Zach | Delivered April 21, 2020
Health/Wellness Brand Repositioning
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Goals
Provide information on the health and wellness industry such as trends, insights, case studies, etc. that will help an existing brand that has products for children expand to reach families within the next 5 years.
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Early Findings
Consumer Health/Wellness Preferences
According to Nielsen's 2020 Health and Wellness report,
63%
of Americans reported that they are trying to eat healthier, and
49%
reported that they are making an effort to eat more fruits and vegetables.
Approximately
70%
of American consumers admit that they believe
proper nutrition
is the best way for them to manage their health and wellness. This same percentage of consumers also believes that
breakfast
is the best time of the day to consume food that has extensive immune health benefits.
According to the Kerry Global Consumer Survey on Immune Health, approximately
63%
of consumers said that the most important area of health/wellness that they are focused on is immune system support. Additionally,
19.5%
said that immune system support is their top reason for purchasing products related to living a healthy lifestyle.
Consumer Medication Preferences
Nielsen's Strategic Health Perspectives study from 2020 found that
20%
of Americans will try an over-the-counter (OTC) medication before using a recommended medication from a doctor. An additional
27%
of American consumers ask their doctors/pharmacists for less expensive medication alternatives, and
21%
do not take a prescription for the entire time they are recommended to do so.
By the end of 2020, Accenture estimates that there will be more than
2,800 in-store retail clinics
in the U.S., which is a
47%
increase from 2014. Consumers are using these as a result of their acceptance rates and convenience.
In China, approximately
50%
of consumers claimed that they had used an immune health product within the last 6 months, and an additional
29%
said they are considering to do the same in the future.
Impact on Health/Wellness from COVID-19
Approximately
24%
of consumers have increased their spending on fresh/organic foods as a result of COVID-19. Of these people,
6%
intend to spend a lot more, and
18%
intend to spend somewhat more.
23%
of consumers have increased their spending on preventive health care because of COVID-19. Of these people,
4%
intend to spend a lot more, and
19%
intend to spend somewhat more.
An additional
19%
of consumers intend to spend more on vitamins, minerals, herbs, and/or supplements, of which
4%
plan on spending a lot more an
15%
plan to spend somewhat more.
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