Market Size –
The immune health supplements market size has grown rapidly in recent years. It will grow from <b>$61.24 billion in 2023 to $68.47 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. </b> The growth in the historic period can be attributed to increased health consciousness, epidemic and pandemic events, rising aging population, consumer education, e-commerce growth.
The immune health supplements market size is expected to see rapid growth in the next few years. It will grow to <b>$110.16 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. </b> The growth in the forecast period can be attributed to ongoing public health concerns, advanced nutraceutical research, personalized nutrition trends, global health and wellness trends, digital health platforms, collaborations for product development. Major trends in the forecast period include innovation in delivery formats, immunity-boosting food and beverage products, product innovation, strategic marketing emphasis on wellness, partnerships and collaborations in research.
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Scope Of Immune Health Supplements Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Immune Health Supplements Market Overview
Market Drivers –
The increasing prevalence of infectious diseases is expected to drive the immune health supplements market going forward. Infectious diseases refer to disorders produced by organisms, such as bacteria, viruses, fungi, or parasites. Immune health supplements help immune cells operate properly and improve their capacity to fight infectious diseases. For instance, according to the report by the Australian Institute of Health and Welfare, an Australia-based national agency for information and statistics on the country’s health and welfare, over 4,700 hospitalizations were reported to have COVID-19 infection in 2020–2021. Viral pneumonia (24% of cases), “”COVID-19 infection”” (19%), and symptoms including cough (9.9%), fever (6.6%), and breathing problems (4.8%) were the most frequent primary diagnosis recorded alongside other infectious diseases. Thus, the increasing prevalence of infectious diseases will drive the growth of the immune health supplements market going forward.
Market Trends –
Innovation and formulation of new immunity boosters is a key trend gaining popularity in the immune health supplements market. Major companies in the immune health supplements market are focusing on innovations to gain a competitive edge in the market. For instance, in July 2021, Solabia – Algatech Nutrition, an Israel-based manufacturer of unique active ingredients introduced BioGlena– a premium, all-natural source of beta-glucan. BioGlena is generated from the microalgae Euglena gracilis. A complete protein, vital vitamins and minerals, and at least 55% linear 1,3 beta glucans are all present in BioGlena. BioGlena does not require a difficult, solvent-based extraction process, in contrast to other beta-glucan products. This substance is pure and natural.
The immune health supplements market covered in this report is segmented –
1) By Ingredients Type: Vitamins, Minerals, Herbal Botanical Extracts, Probiotics, Amino Acids, Omega 3 – Fatty Acids
2) By Form: Soft Gels Or Capsules, Tablets, Powder, Liquid, Other Forms
3) By Source Type: Plant-Based, Animal-Based
4) By Distribution Channel: Pharmacies and Drug Stores, Hypermarket or Supermarket, Online Stores, Speciality Stores, Other Distribution Channels
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Regional Insights –
North America was the largest region in the immune health supplements market share in 2023. The regions covered in the immune health supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the immune health supplements market report are Bayer AG, Abbott Laboratories, Amway Corporation, C H Boehringer Sohn AG & Co, Danone SA, Glanbia plc, Herbalife Nutrition Ltd., Himalaya Wellness Company, Nestle SA, Novartis AG, Pfizer Inc., Sanofi SA, The Nature’s Bounty Co., Unilever plc, Bio-Tech Pharmacal Inc., BioGaia AB, Biothera Pharmaceuticals Inc., Country Life LLC, Daflorn Ltd., Douglas Laboratories, EuroPharma Inc., Garden of Life LLC, Jarrow Formulas Inc., Metagenics Inc., Nature’s Plus Inc., Nordic Naturals Inc., Nutraceutical Corporation, Pure Encapsulations Inc., Solgar Inc., Source Naturals Inc., Thorne Research Inc.
Table of Contents
1. Executive Summary
2. Immune Health Supplements Market Report Structure
3. Immune Health Supplements Market Trends And Strategies
4. Immune Health Supplements Market – Macro Economic Scenario
5. Immune Health Supplements Market Size And Growth
…..
27. Immune Health Supplements Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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