Report: Health and Wellness Sales Remain Strong
The NPD Group found retail sales in category steady as pandemic fears fade.
March 15, 2022
Nearly two years after the COVID-19 pandemic hit the U.S., retail sales of products in health and wellness categories continue to match peak growth rates, according to The NPD Group.
"Comparisons to 2020 show that revenue growth of health and wellness categories slowed in 2021 but that's just part of the story," says Marshal Cohen, chief retail industry advisor, NPD. "Retail sales revenue from those same categories, compared to 2019, have continued to grow by double-digits. This growth seems to indicate that health and wellness is an enduring pandemic trend, which could provide opportunities for continued consumer spending."
The general consumer focus on health encompasses the mind, body and home, and is evident in the many industries exhibiting growth from food and apparel to books and beauty. Leading the way are air purifier filters, massaging appliances, free-weight equipment and sound machines. Sales revenue in each of these categories more than doubled in 2021 versus 2019. Many categories related to cleaning, fitness and food preparation, storage and preservation continued to grow by double digits last year, as did books about home, gardening, crafts, hobbies, self-help and cooking.
"As consumers get out into the world and start to spend more on vacations and other experiences, health and wellness is likely to continue to play a role in their lives," says Cohen. "Now it's time for retailers and manufacturers to not only retain, but also generate new consumer attention in a retail landscape where competition for the shopper's share of wallet will soon expand."
Read more about:
NPDAbout the Author(s)
You May Also Like