The supplement industry accounts for about 37 billion dollars a year in sale, and is expected to reach a whopping 270 billion by the year 2024. At least that’s what analyst are predicting. Google has opened a whole new world to both the young and old. With health research just a keystroke away, and sponsored advertising flooding our social media news feeds, consumers are gobbling up nutraceuticals like never before. It’s true that shopping has never been easier, but with easy shopping comes fierce competition. Manufacturers should be investigating every option available to capture as much market share as possible. The smart money will invest research on what younger buyers want. One critical element not to be overlooked is packaging. Below we examine what type of nutraceutical packaging is important to millennials and generation z as consumers.
Nutraceutical Packaging that Drives Sales
Sustainable Packaging – Sustainable packaging is not a fad. Younger buyers not only hope to find green packaging while shopping, many insist upon it. Eco-friendly and biodegradable packaging both appeal to millennials and gen z’s, while at a minimum they expect their nutraceutical packaging to be recyclable.
On the Go Packaging – Millennials and gen z’s are on the move, and they want their nutraceuticals to be easy to transport. Travel size packaging that takes up less space, and allows for easy storage will be very attractive to these consumers.
Convenience – With a smarter, faster-moving generation, comes the need for smarter, faster packaging. Convenience is the name of the game, so single use packaging with premeasured dosage is a big win with these consumers.
Product packaging and labels play a critical role in customer selection, and in the case of millennials and gen z’s their tastes are even more refined. Today’s investment in state of the art nutraceutical packaging will go a long way in creating customer loyalty with younger consumers.
Ready to Shop Nutraceutical Packaging?
At Flexo-Graphics, we have years of experience with creative packaging and labeling. Our knowledgeable team can help you choose the right materials and processes to provide nutraceutical packaging that will stand out from the competition and set your brand apart. Our team is ready to help you work out all the details to create the best packaging available! Call us today, or simply fill out our contact form for more information.