Thursday, April 25, 2024

Healthy insights at the 2018 Naturally Good Expo

The 2018 Naturally Good Expo was held at the International Convention Centre Sydney on April 29-30. It offered retailers and manufacturers alike an opportunity to understand what is available in terms of the latest in natural and organic products across a variety of categories.

This year’s event saw over 350 exhibitors across food and beverage as well as complementary medicines, health and beauty. The 2018 expo also featured an educational program with presentations from manufacturers, retailers and industry insiders.

One such session introduced Natural Products Consulting founder and Director, Bob Burke, who discussed the latest in natural product trends across the globe. Mr Burke noted that now is a time of great disruption around how consumers get products.

“There’s been absolutely explosive growth within commerce, certainly led by Amazon,” he said. “Direct to consumer is growing too with a lot of brands launching with their own website, then going on to Amazon for six months to a year before showing up in their first store. That has really upended the traditional route to market for a lot companies.”

Mr Burke explored the increasing digitalisation of daily lives with services such as ‘click and collect’ becoming commonplace among retailers while new concepts continue to emerge.

“For example, Instacart is essentially crowdsourced, so people will shop for you and same-day deliver it to your home,” he explained. “The point of sale isn’t so much the store or the website – it’s the consumer, and that’s certainly enabled by technology.”

Aside from the changes in services, Mr Burke also discussed popular and emerging food trends, such as adaptogens – herbs and other products that promote the body’s resistance to stress and boost the immune system.

Other key highlights from Mr Burke included the growing popularity of probiotic and prebiotic products; lab-grown meats and meat substitutes; trends around collagen, activated charcoal, and nootropics; the emergence of CBD oil and hemp-based foods; as well as the increasing sensibility around by-products and food waste. One example of this is Tasmanian-based Grandvewe Cheeses, which uses leftover sheep whey to produce vodka and gin.

Naturally Good also heard insights from Growth Tank Strategist James Purcell, who looked at the consumer mindset of Gen-Z (those born between 1995 to 2009). Mr Purcell looked at how these consumers are more health focused and environmentally conscious compared to their predecessors. Mr Purcell also discussed the importance of company transparency in building customer loyalty with these young shoppers. “Gen-Z are service loyal rather than brand loyal, and they’re buying purpose, not products – so it’s important to stand for something.”

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