Pune, India, April 14, 2021 (GLOBE NEWSWIRE) -- The global Immune Health Supplements Market is likely to grow astonishingly backed by the increasing popularity of non-GMO and organic ingredients amongst the masses. The trend is further resulting in the rising purchase of organic immunity health supplements worldwide. This information is given by Fortune Business Insights™ in a report, titled, “Immune Health Supplements Market Size, Share &COVID-19 Impact Analysis, By Ingredient Type (Vitamins, Minerals, 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 Store, Others) and Regional Forecast, 2020-2027.” The report further states that the immune health supplements market size was USD 16.32 billion in 2019 and is projected to reach USD 29.40 billion by 2027, exhibiting a CAGR of 7.4% during the forecast period.
Fortune Business Insights™ lists out the names of all the immune health supplements producers operating in the global market. They are as follows:
- Herbalife Nutrition (California, United States)
- Nutramax Laboratories (Maryland, United States)
- BioGaia (Stockholm, Sweden)
- Blackmores Limited (New South Wales, Australia)
- Glanbia, Plc (Kilkenny, Ireland)
- Royal DSM (Heerlen, Netherlands)
- Alticor Inc. (Amway) (Michigan, United States)
- USANA Health Sciences (Utah, United States)
- Bayer AG (Leverkusen, Germany)
- NOW Foods (Illinois, United States)
- Pfizer (New York, United States)
- Other key market players
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A Need to Reconsider Health Owing to COVID-19 will Skyrocket Demand
The COVID-19 pandemic is surging the demand for immune health supplements across the globe. This growth is attributable to the rising reconsideration of health and well-being by the masses.They are persistently striving to dodge any type of infectious disease by consuming immunity boosters equipped with omega-3 fatty acids, mineral supplements, herbal extracts, and vitamins. One of the significant challenges that may occur is the disruptions in the supply chain network. The Nutrition Business Journalmentioned that in April 2020, the purchase of these health supplements increased at a fast pace.
However, some of these supplements may cause adverse effects if blended with other medicines or consumed before surgery. Many of these products remain untested on pregnant ladies and children. This is a major factor that may hamper the immune health supplements market growth during the forthcoming years.
Vitamins Segment to Dominate Fueled by Their High Consumption Rate
Based on ingredient type, the market is grouped into omega-3 fatty acids, probiotics, amino acids, herbal extracts, minerals, vitamins, and others. Out of these, the vitamins segment held 32.7% marketshare in 2019 and would dominate throughout the coming years. This growth is attributable to the rising consumption of vitamin supplements worldwide.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
The recent coronavirus outbreak has brought major businesses to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global Heparin market and discusses how major companies are coping with this.
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Heparin Market Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
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This Report Answers the Following Questions:
- Which are the market drivers, hindrances, and dynamics?
- Will the companies adopt new strategies to compete in the market?
- Which segment is expected to dominate the market in terms of share?
- How will COVID-19 help in generating more sales of immune health supplements?
North America to Lead Owing to Rising Prevalence of Obesity & Diabetes
Geographically, North America procured USD 5.89 billion in 2019 in terms of revenue. This region is set to lead in the near future backed by the rising awareness among people about health and self-wellness. Besides, the increasing prevalence of lifestyle diseases, such as diabetes and obesity would contribute to the market growth in this region. The region will be followed by Asia Pacific because of the rapid urbanization that is further making people shift towards immunity health supplements. Coupled with this, the increasing changes in lifestyle and rising health consciousness would propel the market growth in this region.Owing to COVID-19, the region is experiencing high demand for products infused with elderberry, zinc, vitamin C, and D.
Immune Health Supplements Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Immune Health Supplements market
Key Players Aim to Gain Competitive Edge by Developing Novel Supplements
The companies present in the market are mainly focusing on scientific researchactivities to develop innovative immune health supplements for generating more sales. Some of them are also adopting the strategy of mergers and acquisitions to strengthen their product portfolio. Below are two of the latest industry developments:
- May 2020: Ancient Nutrition launched a new range of SBO Probioticsconsisting of four innovative products, namely, Men's and Women's, Gut Restore, and Ultimate. These are created by combining superfoods and strain-diverse soil-based organisms (SBO) probiotics. These would help in supporting the immune system and gut health.
- April 2020: Royal DSM successfully acquired Glycom A/S, a supplier of Human Milk Oligosaccharides (HMO). The deal required an investment of €765 million.It would aid Royal DSM in adding HMOs to its product offerings and in providing novel solutions to its consumers.
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Table Of Content :
- Introduction
- Market Scope
- Market Segmentation
- Market Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Snapshot of Parent/Related: Immune Health Supplements Market
- Impact of COVID-19 Outbreak on Immune Health Supplements Market
- Supply Chain Challenges
- New Product Launch
- Technological Advancements
- Key Industry Developments - Mergers, Acquisitions, and Partnerships
- Global Immune Health Supplements Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Ingredient Type
- Vitamins
- Minerals
- Herbal Botanical Extracts
- Probiotics
- Amino Acids
- Omega 3-fatty acids
- Others
- Market Analysis, Insights and Forecast – By Form
- Soft Gels/Capsules
- Tablets
- Powder
- Liquids
- Others
- Market Analysis, Insights and Forecast – By Source Type
- Plant-Based
- Animal-Based
- Market Analysis, Insights and Forecast – By Distribution Channel
- Pharmacies and Drug Stores
- Hypermarket/Supermarket
- Online Stores
- Specialty Store
- Others
- Market Analysis, Insights and Forecast – By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Global Immune Health Supplements Market Segmentation :
By Ingredient Type
- Vitamins
- Minerals
- Herbal Botanical Extracts
- Probiotics
- Amino Acids
- Omega 3-fatty acids
- Others
By Form
- Soft Gels/Capsules
- Tablets
- Powder
- Liquids
- Others
By Source Type
- Plant-Based
- Animal-Based
By Distribution Channel
- Pharmacies and Drug Stores
- Hypermarket/Supermarket
- Online Stores
- Specialty Store
- Others
By Geography
- North America
- By Ingredient Type
- By Form
- By Source Type
- By Distribution Channel
- By Country
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