Welcome to New Nutrition Business
We are a service like no other, dedicated to the business of food, beverages and health. Since 1995 we have supplied the world's most innovative food and drink businesses with unrivalled insights and practical case studies. Our unique, high quality information enables hundreds of businesses to successfully refine and implement their strategies
We are led by internationally respected expert Julian Mellentin
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Seniors and their need for healthy ageing is the most important market
In a 6-minute video interview at a recent industry conference on Healthy Ageing - held in Amsterdam and organised by Bridge2Food - Julian talked about a few of the key issues for anyone developing a product for seniors:
- Feel the benefit
- Taste and texture
- How to make protein more convenient for the over-70s
- And how to manage senior management's unrealistic expectations of quick success
As the pressure on healthcare systems builds, consumers will more and more be expected to take steps to manage and preseve their own health and independence.
And healthcare costs are not a problem in the distant future - the problem is here already. Healthcare budgets are being eaten up by the costs of caring for people over the age of 70 and who are in the last two years of their life:
- In Brazil over 70% of healthcare costs are incurred in the 12 months before death
- In the US acute hospital care accounts for 55% of spending on Medicare beneficiaries in the last two years of their life
- In Europe healthcare in the last two years of life adds up to 80% of healthcare costs
For industry, the attractions of seniors include:
- They are ideal for science-based companies because they want something that actually works and fixes a problem, not a vague promise of "wellness"
- When they commit to a brand they become very loyal customers with repeat purchase rates of 80% and better - compared to 45% more the most successful brands targeting families and younger consumers
- They are a low-volume, but high-value market, because they are willing to pay for products that actually deliver the benefits they need. They are at a life-stage where they prioritise their household budget around looking after their health.
Senior nutrition has become the key driver of innovation in the food and health market with consumers over 50 already making up the most important group of buyers for most health brands.
And that is how our market is likely to be for some years to come.
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