Press release
COVID-19 Impact on Immunity Boosting Food Products Market Impressive Growth | Size, Value Share, Emerging Audience and Forecast to 2025
Global Immunity Boosting Food Products Market size was valued at USD 15.4 Billion in 2020 and is projected to grow at CAGR 7.6% during the forecasted period. The demand for immunity boosting food products is increasing owing to the rising number of health issues among consumers worldwide. The immunity boosting food products market has registered tremendous growth in the last few years. Lack of immunity owing to the prevalence of unhealthy lifestyles has triggered the growth of immunity boosting food products market.
Key players in the market are undertaking requisite measures in shifting consumer preference towards the consumption of healthy food ingredients by increasing its geographical presence through strategic merger and acquisitions, product launches, and joint ventures. For instance, in 2019, Danone SA, a France based dairy company, announced its plans for re-entering the Indian dairy industry by joint venturing with Epigamia, a dairy-based company in India. Investment in the market is anticipated to have a significant impact on global immunity boosting food products market during the forecasted period.
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Key Players
Danone SA (France)
Nestle S.A. (Switzerland)
Blue Diamond Growers (US)
Diamond Foods, LLC. (US)
Dole Food Company, Inc. (US)
Pinnacle Foods Corp. (US)
Olam International (Singapore)
Hines Nut Company (US)
Fonterra group Cooperative Limited (New Zealand)
Associated British Foods Plc (UK)
Growth Opportunities in the Market
Preference for Fruits & Vegetables: The fruits and vegetables segment dominated the global immunity boosting food products market in 2020 and is expected to remain the largest during the forecast period. Fruits and vegetables are the most common and readily available food products worldwide. Its affordability, as well as easy accessibility for various age groups, makes its dominant segment during the forecasted period.
Non-Store-Based Distribution Channels Gaining Popularity Across the Globe: The non-store-based segment is projected to register the higher growth rate during the forecast period. Manufacturers of immunity boosting food products are inclining toward non-store-based distribution channels for the sales of their products. Presence of companies with broad product portfolios offering their products affordable rates and the convenience of online purchases are some of the reasons behind the growing popularity of non-store-based distribution channels.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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