Regulatory issues
Cost/Lack of Capital
Lack of Time
Natural Health Products NZ
Industry Survey 2019
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The Natural Health Products industry contributes
$2.3 billion to the economy annually
Since 2014 this contribution has grown at 10% CAGR (Compounding Annual Growth Rate)
Employs approx. 4,019 people.
SMEs (5-49 FTE) make up 51% of companies.
The industry paid $225M in salaries and wages in the last financial year. 41% of companies pay more than $1M in salaries.
The rate of R&D in the natural products sector is 4x higher than the NZ average.
44% of firms spend 5% or more of turnover on R&D
Business’s ability to conduct R&D was hampered by:
Regulatory issues
Cost/Lack of Capital
Lack of Time
In 5 years, exports
have increased
125% to $642 million
74% of the sector
are exporters
Our biggest trading partners are
China
Australia
USA
Canada
21% predict REVENUE growth in excess of
30% in the next 3 yrs
27% predict EXPORT growth in excess of
30% in the next 3 yrs
Overall top identified barriers to growth:
New Zealand government regulations
Increased
competition
International government regulations
Increased
operating cost
Cost of getting product to market
New Zealand’s historical focus on agriculture and food production, its natural environment, and wealth of unique resources have combined to create a lucrative and growing natural health and nutraceuticals sector.
From harnessing the antibacterial properties of manuka honey, to research and development that has identified a bioactive in New Zealand grown boysenberries to assist with lung health, the country has a long track record of identifying and utilising the medicinal and nutritional uses of natural products.
Exports include mussel extract powder, plant and marine oils, kiwifruit-based specialised ingredients, berry fruit powders and concentrates, natural honey products, deer velvet, skincare, botanical and dairy products.
Natural Health Products NZ is a national industry organisation representing the natural products, functional foods, complementary medicines, cosmeceuticals, and nutraceuticals industries.
We were established in 2002 by industry and with support of New Zealand Trade & Enterprise.