Immune Health Supplements Market 2021 Size & Share | Market worth USD 29.40 billion with 7.4% CAGR by 2027
Major Immune Health Supplements Market Key players covered in the report include:
• 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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Our 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 and 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.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for market to figure out and study the market’s needs, market size, and competition.
Immune Health Supplements Market Analysis 2021:
Drivers & Restraints-
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.
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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.
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:
o Market Scope
o Market Segmentation
o Market Methodology
o Definitions and Assumptions
• Executive Summary
• Market Dynamics
o Market Drivers
o Market Restraints
o Market Opportunities
• Key Insights
o Snapshot of Parent/Related: Immune Health Supplements Market
o Impact of COVID-19 Outbreak on Immune Health Supplements Market
o Supply Chain Challenges
o New Product Launch
o Technological Advancements
o Key Industry Developments - Mergers, Acquisitions, and Partnerships
• Global Immune Health Supplements Market Analysis, Insights and Forecast, 2016-2027
o Key Findings / Summary
o Market Analysis, Insights and Forecast – By Ingredient Type
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