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March 14, 2023 (The Expresswire) -- The market for immune health supplements is expected to reach $18.22 billion in 2020. Due to the staggering and unprecedented global impact of the COVID-19 pandemic, demand for immune health supplements immune health increased. worldwide. Compared to the average annual growth from 2017 to 2019, according to our analysis, the global market grew significantly by 11.6% in 2020. The market is expected to grow at a CAGR of 6.6% between 2021 and 2028, compared to $20.18 billion in 2021. to $31.50 billion in 2028 . After the end of the epidemic, the demand and growth of this market will return to the pre-epidemic level. which explains the sharp drop in CAGR.
The use of probiotics and probiotics can also affect the immune system response. The market is likely to grow owing to factors such as growing health awareness, changing lifestyles, and increase in weight management programs. For example, consumers are looking for more benefits or safety in the foods and beverages they consume every day. According to a study published at the Natural Products Expo, 65% of US consumers seek additional functional benefits from food and beverages. This will likely increase the demand for immune health supplements over the forecast period.
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Major players are trying to gain competitiveness by developing new additions
The market is consolidating with the presence of several companies that are mainly focusing on research activities to create unique immune health supplements to appeal to more consumers. Some of the others are involved in mergers and acquisitions to strengthen their product portfolio. Below is one of the latest developments in the industry.
- March 2020 . Switzerland introduced its products to the Indian market. The company will offer high quality products to Indian consumers. It has adopted a digital strategy in the country and its main target is the millennial population under the age of 35.
A rapidly growing segment of online channels as internet penetration increases
Based on the type of ingredients, this market includes omega-3 fatty acids, probiotics, amino acids, herbal extracts, minerals, vitamins and more. According to the form: capsules/capsules, tablets, powders, liquids, etc. According to the type of source, it is divided into vegetable and animal.
Finally, according to the sales channels, these are hypermarkets/supermarkets, parapharmacies and pharmacies, online stores, specialized stores, etc. The e-commerce segment is expected to grow significantly over the next few years and account for a major share of the immune health supplements market, supported by growing internet penetration and increased usage of e-commerce sites.
This report focuses on the immune health supplements market in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications. Another very comprehensive part of the study and analysis of the global market presented in the report is the regional analysis. This section highlights sales growth in various regional and national markets. It provides detailed and accurate country-level volume analysis and regional analysis of the global market size for the historical and forecast period till 2028.
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List of immune supplement manufacturers operating in the global market.
- Herbalife Nutrition (California, USA)
- Nutramax Laboratories (Maryland, USA)
- BioGaia (Stockholm, Sweden)
- Blackmores Limited (New South Wales, Australia)
- Glanbia, Plc (Kilkenny, Ireland)
- Royal DSM (Heerlen, Netherlands)
- Alticor Inc. (Amway) (Michigan, USA)
- USANA Health Sciences (Utah, USA)
- Bayer AG (Leverkusen, Germany)
- NOW Foods (Illinois, USA)
- Pfizer (New York, USA)
- Other Major Market Players
Purpose of the report -
The objective of our research report is to estimate the future growth potential and size of the Immune Health Supplements industry. It covers growth drivers such as challenges, opportunities, restraints, and industry drivers. The report also includes various secondary sources, databases and directories such as US FDA, North American Health and Safety Council (SEHSC), Bloomberg, etc.
Increased interest in health and fitness to promote growth
Millions of customers around the world are looking for immune supplements fortified with probiotics, herbal extracts and vitamins to promote good health. This is mainly due to the growing interest in health and fitness. Today, doctors are raising awareness of the importance of the immune system in the fight against various chronic diseases.
Many public and private organizations also provide funds for the implementation of RandD activities. For example, Embria Health Sciences has funded extensive research on EpiCore. However, in combination with other medications or when taken before surgery, these supplements may cause side effects. This might hamper the growth of the immune health supplements market in the near future.
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Raising awareness of well-being and well-being for the field in North America
Regionally, North America generated $6.58 billion in revenue in 2020. With people's growing awareness of health and wellness, it is expected to remain at the forefront for the foreseeable future. At the same time, the increasing prevalence of diseases such as diabetes and obesity will drive regional growth.
On the other hand, the Asia-Pacific region will remain second due to rapid urbanization, which has prompted people to quickly seek dietary supplements to boost their immune system. In addition, lifestyle changes and growing health awareness among the population will contribute to the growth of this region. Currently, the COVID-19 pandemic has created a high demand in this region for immune-boosting supplements containing blackcurrant, zinc, vitamins C and D.
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The press release was distributed by The Express Wire
See the original express wires immunity supplements market to reach $31.50 billion by 2028 at a CAGR of 6.6%
COMTEX_426548572/2598/2023-03-14T01:54:35
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