Planet Nutrition Holdings, Inc. (pnhl.pk)
Retail
- Proven Effectiveness: A recent study conducted in 2007 that included a systematic literature review of the most rigorous scientific research available found that over the next five years, appropriate use of select dietary supplements would improve the health of key populations and save the nation more than $24 billion in healthcare costs. Appropriate use of calcium with Vitamin D for the Medicare population shows potential avoidance of approximately 776,000 hospitalizations for hip fractures over five years, as well as avoidance of stays in skilled nursing facilities for some proportion of patients. The five-year (2008-2012) estimated net cost associated with avoidable hospitalization for hip fracture is approximately $16.1 billion. Also, the study concluded that if just 11.3 million of the 44 million American women who are of childbearing age and not taking folic acid began taking 400 mcg of folic acid on a daily basis, neural tube defects could be prevented in 600 babies, saving as much as $344,700,000 in the first year. Over five years, taking into account the cost of the supplement, $1.4 billion could potentially be saved. In addition, the estimate of the potential five-year savings in health care expenditures resulting from a reduction in the occurrence of coronary heart disease (CHD) among the population over age 65 through daily intake of approximately 1800 mg of omega-3 is $3.2 billion. Approximately 374,301 hospitalizations and associated physician fees due to CHD could be avoided (Source: Dietary Supplement Education Alliance).
- Rapid Industry Growth: According to the latest United States Economic Census data, the Food and Health Supplement industry generated $4.68 Billion in 2002, up more than 34% from the $3.49 Billion tallied in 1997 (Source: U.S. Census Bureau). Several sectors within this industry are experiencing rapid growth and are responsible for driving the increased performance of the industry. Packaged Facts estimates that retail sales of sports nutritionals topped $3.1 Billion in 2003, up 11.0% from $2.9 Billion in 2002. Considering a number of mostly positive market drivers—predominantly the trend towards a more general “wellness” marketing approach, increased diversification of product categories and brands, and more effective appeals to specific groups of consumers, especially youth markets, women, and the active-but-aging Baby Boomers—Packaged Facts projects that the retail market for sports nutritional products will top $5.6 billion by 2008. This projection reflects growth of 13% in 2004, tapering off slightly to 11% by 2006, for a compound annual growth rate of 12% for the 2003-2008period (Source: MarketResearch.com).
- Epidemic Proportions: America’s “overweight epidemic”—owing primarily to our excessive consumption of sugar and starch—has only just begun to come into the media spotlight, just as the opportunities this represents for food and beverage marketers (including those not traditionally associated with weight loss) are just beginning to be tapped. Sales of diet candy, for example, rose 51% for the 52-week period ending October 5, 2003, with market leader Russell Stover seeing sales rise by 70% (Source: MarketResearch.com). Planet Nutrition offers a wide array of products in this surging sector, as well as numerous others.
Company Contact Information
230 East WT Harris Blvd.
Charlotte, NC, 28262
USA
- Phone:336-723-0908
- Fax:336-723-5544
- E-mail:contact@planetnutritiononline.com
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