Study: Ethnic HBC market remains robust despite economic hard times
ROCKVILLE, Md. — The market for health and beauty care products targeted to minorities continues to advance at a healthy pace, and marketers should be ramping up in new products and marketing campaigns sooner rather than later, according to a new report released from Packaged Facts.
According to the "Ethnic Hair, Skin and Cosmetic Products in the U.S." report, the market posted growth of nearly 13% during 2010, and the market continued to advance at a healthy pace in 2011 to approach $3 billion.
With the rapid expansion of racial and ethnic minorities in the United States over the next 10 years, ethnic health and beauty care product marketers have a fast-growing target market. Hispanic, African-American and Asian population growth is far outpacing that of whites, with minorities expected collectively to be the majority of the U.S. population as soon as 2042.
Compared with many consumer packaged goods categories, ethnic hair and beauty care products did remarkably well during the recession, continuing to chart steady growth, even though U.S. minorities were especially hard hit by the economic downturn, stated Packaged Facts, a division of MarketResearch.com. The loyalty of African-American and other minority communities to their HBC products kept the market on track to resume impressive growth as soon as economic conditions began to improve.
As more ethnic health and beauty care products are introduced, they are meeting the needs of people of color that had previously been either ignored or mistargeted. As of 2012, market drivers include a desire for more natural products; greater participation in HBC categories on the part of men overall, but especially men of color; and a surge of innovative, better-quality products, Packaged Facts noted.
At the same time, minority consumers still spend vastly more on general market HBC products than they do on targeted ones, a dynamic that, according to the report, highlights the continued opportunity for specialized HBC marketers to expand their reach, and for general HBC marketers to sharpen their focus.
Takeda: Edarbyclor demonstrates statistically superior blood-pressure reductions
DEERFIELD, Ill. — A Takeda drug designed to treat hypertension was statistically superior to a competing drug in reducing systolic blood pressure among patients in a late-stage clinical trial.
Takeda said a fixed dose combination of its drug Edarbyclor (azilsartan medoxomil and chlorthalidone) in the 40/25-mg strength, when compared with fixed-dose combination of olmesartan medoxomil-hydrochlorothiazide in the 40/25-mg strength, more effectively lowered blood pressure at each hour of the 24-hour period between doses (reduction of 42.5 mm Hg from baseline versus 37.1 mm Hg from baseline). The results, demonstrated in a 12-week, head-to-head, phase-3 study, were published online in Hypertension, a journal of the American Heart Association.
"Hypertension and its impact on cardiovascular health have long been studied; the goal of this particular study was to determine whether a fixed-dose combination of a well-established yet underutilized diuretic paired with a new angiotensin II receptor blocker would provide an effective option to help control hypertension," said study co-author Michael Weber, professor of medicine at the State University of New York Downstate College of Medicine. "The data showed that Edarbyclor exhibited superior blood-pressure reductions, compared to a commonly-used combination treatment."
A&P to be exclusive retailer of BrightFarms’ Brooklyn-grown produce
NEW YORK and MONTVALE, N.J. — Grocer A&P has inked an exclusive partnership with BrightFarms, becoming the only retailer of BrightFarms’ Brooklyn-grown produce from the world’s largest rooftop farm.
“Partnering with BrightFarms is a phenomenal opportunity to provide our customers with the freshest, local and most sustainable produce in the supermarket aisle,” stated Sam Martin, president and CEO of A&P. “We are committed to being the No. 1 food and drug store in the neighborhoods we serve, and this partnership gets us one step closer to achieving that goal.”
BrightFarms finances, builds and operates greenhouses at or near supermarkets, bringing the farmer’s market to the supermarket. The multi-acre farm, a state-of-the-art hydroponic greenhouse, will be built on 100,000 sq. ft. of rooftop space, establishing a new national model for urban agriculture.
The partnership between A&P and BrightFarms confirms that a new produce supply chain — one that is thousands of miles shorter — is well under way. The BrightFarms’ Brooklyn greenhouse is the world’s largest rooftop farm, growing up to 1 million lbs. of local produce per year. Now customers will be able to purchase local lettuce, tomatoes and herb varieties at their neighborhood A&P, The Food Emporium, Pathmark or Waldbaum’s in the New York metropolitan area.
A&P’s new marketing campaign reflects its commitment to providing better products and shortening its supply chain. Under the campaign, entitled “Shopping Just Got a Whole Lot Better,” A&P is adapting each store to reflect the neighborhoods it serves. A&P is working to increase the availability of local foods and improve the shopping experience at every store.
A greenhouse groundbreaking event is scheduled for September. A ribbon cutting ceremony is scheduled for the opening of the greenhouse in first quarter 2013.