Immune Health Supplements Market Report
Immune Health Supplements Market Trends, Dynamics & Market Insights See less
Immune Health Supplements Market Trends, Dynamics & Market Insights
Immune Health Supplements Market, By Type (Vitamins & Minerals, Herbal/Botanical Extracts, Amino Acids, Probiotics, Omega-3 Fatty Acids), By Source (Animal-Based, Plant-Based), By Form (Soft Gels, Tablets, Powder, Liquid), and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global immune health supplements market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Immune Health Supplements Market, By Type (Vitamins & Minerals, Herbal/Botanical Extracts, Amino Acids, Probiotics, Omega-3 Fatty Acids), By Source (Animal-Based, Plant-Based), By Form (Soft Gels, Tablets, Powder, Liquid), and Region<...
The Immune Health Supplements Market is estimated to grow from USD 15.5 billion in 2020 to USD 23.6 billion by 2026 at a healthy CAGR of 7.4% during the forecast period.
Immune health supplements are vital for the management of several chronic conditions such as malabsorption, diabetes, constipation, obesity, and indigestion. It also helps to improve appetite and food intake, maintain a healthy lifestyle, lower the risk of nutrient deficiencies, and other health conditions.
Key players operating in the immune health supplements market are-
The growth of immune health supplements is majorly propelled by consumer know-how regarding their daily health issues, coupled with a rise in the popularity of wellness trends. Also, the preference for personalized nutrition is one of the key market trends, which is likely to boost market growth. The trend for personalized nutrition is rising, mainly among individuals with gut-related medical conditions, where generic treatment is not effective. The launch of various immune health supplement products is anticipated to bolster the industry growth during the forecast period.
Based on type, the market has been classified into vitamins & minerals, herbal/botanical extracts, amino acids, probiotics, and omega-3 fatty acids. The vitamins & minerals segment accounted for a substantial market share in 2020. Vitamins are among the most vital nutrients which are required to strengthen the immune system. Vitamin D is a fat-soluble nutrient, important for the health and proper functioning of the immune system whereas Vitamin C supports the functions of various immune cells, and improves the ability to protect against infections, which further boosts the segment growth.
The market in Asia-Pacific accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly attributed to favorable government initiatives and the increasing prevalence of various chronic diseases such as diabetes, GI tract infections, etc. Also, rising purchasing power has eventually boosted the growth of the health supplement industry, which further proliferates regional growth.
The COVID-19 outbreak positively influenced the growth of the Immune Health Supplements market. Rising cases of coronavirus across the globe put a heavy strain on the healthcare sector. The COVID-19 pandemic has increased the demand for immune health supplements as people are consuming these products to prevent the transmission of coronavirus around the globe. Hence, several manufacturers are trying to develop new products to keep up with the high demand, thus boosting the market growth.
Here is the list of the group of customers that the immune health supplements market hopes to have the greatest opportunity to convert-
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The immune health supplements market is expected to witness an impressive growth of 7.4% CAGR in the coming years.
Amway Corp (US), Bayer AG (Germany), NOW Foods (US), Koninklijke DSM N.V. (Nether-lands), The Himalayan Drug Company (India), Glanbia, Plc (Ireland), and NutriGold Inc. (US) are among the key players in the immune health supplements market.
The immune health supplements market size is expected to reach USD 23.6 billion in the foreseeable future.
The vitamins & minerals segment accounted for a substantial share in the immune health supplements market in 2020.
Asia-pacific is expected to remain dominant in the immune health supplements market in the next five years.
Immune Health Supplements distributors, Immune Health Supplements suppliers, Immune Health Supplements manufacturers, Hospitals, Government bodies are the target audience in the immune health supplements market.