Immune Health Supplements Market: Segmented By Ingredient type (Vitamins, Mineral, Herbal Botanical extracts, Probiotics, Amino Acids, Omega 3-fatty acids, Others); By Form (Soft Gels/ Capsules, Tablets, powder, liquids and others); By Source type (Plant-Based, Animal-Based); By Distribution Channel (Pharmacies and Drug stores, Hypermarket/Supermarket, Online stores, Specialty stores) and Region - Global Analysis of Market Size, Share & Trends for 2019 - 2020 and Forecasts to 2030
As customers grow more worried about their health, immunity care has become an important element of today's hectic lifestyle. Nutritional supplements are used by today's time-conscious customers, even those who maintain healthy, balanced diets. Consumers all around the globe are feeling the need to strengthen their immune systems to prevent the negative consequences of infectious illnesses. Immune health supplements are essential for managing chronic diseases including diabetes, obesity, constipation, malabsorption, and indigestion. It also aids in the maintenance of a healthy lifestyle, the improvement of appetite and food intake, and the reduction of the danger of vitamin deficiencies and other health problems. Immune health supplements are advised for patients of all ages, including babies, adults, and geriatrics, who are at risk for diabetes, obesity, renal failure, chronic diseases, neurological diseases, and other illnesses.
Global Immune Health Supplements Market is expected to project a notable CAGR of 6.65% in 2030.
Global Immune Health Supplements Market to surpass USD 30.93 billion by 2030 from USD 16.24 billion in 2020 at a CAGR of 6.65% in the coming years, i.e., 2020-30. The market is estimated to proliferate owing to the increasing awareness related to health matters, wellness trends, and changing routines. In addition, increasing trend of customized products based on health claims is predicted to fuel the growth of the market. Furthermore, the need for immunity-based health supplements is increasing as the population ages, in order to prevent or treat existing illnesses.
Recent highlights in the Global Immune Health Supplements Market
Vitamins and minerals segment to grow with the highest CAGR during 2020-30
Global Immune health supplements market is divided by Ingredient type into Vitamins, Minerals, probiotics, Amino acids, Omega 3-fatty acids, and others. Among these Vitamins and Minerals held the largest share in the year 2020. The domination of vitamins and minerals in a plant-based health supplement contributes significantly to the segment's growth. The influence of COVID-19 has increased demand for vitamin C in the form of candies and chewable made from elderberry, cranberry, and other fruits, causing the market to expand even faster. The growing demand for plant-based Omega 3, the availability of herbal doses in powder and liquid forms, and the relevance of vegan claims in immune supplements are all elements that might propel the industry forward in the future years.
Hypermarkets and Supermarkets to grow with the highest CAGR during 2020-30
Under distribution, channel category Hypermarkets/ Supermarkets are held the largest share in 2020. In 2020, the supermarkets and hypermarkets category dominated, and this trend is projected to continue during the projection period. Immune health supplements are purchased from convenience stores in markets such as India, Indonesia, and Brazil, which contributes to the overall income creation.
Increasing number of chronic cases
The overall immune health market is expected to develop at a significant rate due to the rising demand for health supplements to boost immunity. Additionally, the growing incidence of chronic illnesses throughout the world is a significant driver of market development during the projection period. The need for immune health supplements is likely to rise as the world's lifestyle disorders change.
Innovation & Formulation of Novel Immune Supplements
The rise of the dietary supplement market, as well as the expansion of commercial prospects for producers, has been fueled by innovation. Consumers are also being influenced to test these new revolutionary supplements by the introduction of new products with greater health advantages. In addition, the increased usage of novel and conventional components in supplement production is a significant role in the development of new creative dietary supplements.
Lack of awareness about the immune healthy supplement
During the projected period, the lack of awareness about immune health supplements in various developing nations is expected to provide a challenge to the market expansion of immune health supplements.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Immune Health Supplements Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa. Global Immune Health Supplements Market in North America held the largest market share in the year 2020. North America will continue to dominate the global Immune Health Supplements market owing to the region's well-developed healthcare system, along with the population's high disposable income. Additionally, increasing the paints and coating and pharmaceuticals industry in the region is the major factor propelling the market growth. Moreover, the rising aging population and increasing incidence of chronic diseases is anticipated to support the market.
Global Immune Health Supplements Market is further segmented by region into:
Immune Health Supplements Segments:
|Market size value in 2020||USD 16.24 billion|
|Revenue forecast in 2030||USD 30.93 billion|
|Growth Rate||CAGR of 6.65% from 2021 to 2030|
|Base year for estimation||2020|
|Quantitative units||Revenue in USD billion and CAGR from 2021 to 2030|
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Ingredient type, Form, Source type, Distribution channel|
|Regional scope||North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)|
|Key companies profiled||Alticor, Inc., Bayer AG, Biotech Pharmacal Inc., Cellderm, Technologies Inc., DuPont Nutrition & Health, EuroPharma Inc, Glanbia PLC, Kerry Group PLC, Koninklijke DSM NV, Now Foods, Nutramax Laboratories, Inc., Nutrigold Inc., Seroyal USA LLC Other Prominent Players.|
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