Immune Health Supplements Market to Surpass US$ 31.1 Bn by 2030
Global Immune Health Supplement Market, By Ingredients (Vitamins, Omega-3 Fatty Acids, Probiotics, Minerals, and Others), By Source (Plant-based, and Animal-based), By Form (Tablets, Capsules, Powder, and Liquid), By Distribution Channel (Supermarkets, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 18.9 Billion in 2023 and is expected to exhibit a CAGR of 7.4% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
The key market players are focused on adopting growth strategies such as product launches as well as partnerships, which will drive the global immune health supplements market during the forecast period. For instance, in October 2021, MegaFood, a vitamin and supplement brand, announced the launch of three new additions to their multivitamin line: a multivitamin for daily energy, a Multivitamin for Daily Immune Support, and a Multivitamin for Daily Stress Relief. The new Multivitamins include 100% or more of the recommended daily value of 19 essential nutrients per serving and include specific ingredients with secondary benefits to support the daily needs and optimal health and wellness of adults.
Global Immune Health Supplement Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems with regard to the transportation of drugs from one place to another.
COVID-19 had a positive impact on the global immune health supplement market owing to the immune health supplements helps to prevent Covid-19 and hasten healing the patients by boosting their immunity. For instance, in April 2021, according to a study published by Harvard Health Publishing, the researchers found that people receiving the supplements, whether individually or combined, had an improvement in symptoms or a faster recovery when compared with otherwise similar patients receiving neither supplement.
Global Immune Health Supplement Market: Key Developments
In March 2021, DSM Nutritional Products AG, a purpose-led global science-based company in nutrition, health, and sustainable living, announced the launch of ampli-D, a fast-acting form of vitamin D for dietary supplements in Australia. Ampli-D is a faster and more effective way for Australian consumers to boost vitamin D levels in the body in just days and weeks instead of months to support immune health.
On April 18, 2023, Well Traveled, a U.S.-based supplement company, launched Immune Activator dietary supplement with BeniCaros from NutriLeads BV to help consumers stay well amid the stress and The impact that travel has on one's routines, diet, sleep, hydration, and the immune system.Well Traveled Immune Activator strengthens the body’s natural defenses and accelerates immune responses.
In August 2022, Optimum Nutrition (ON), a global company in sports nutrition, announced the launch of its new Gold Standard Protein Shake. The new, versatile drink option provides the ON standard of delicious, designed to delight in chocolate and vanilla flavors, and formulated with 24 grams of protein per serving, so consumers can fuel their day with anytime, anywhere nutrition to meet their performance goals without slowing down. The shake is fortified with a blend of 24 essential vitamins and minerals to help the body recover and refuel including vitamins A, C, D, E, and zinc to help support a healthy immune system; calcium to help support healthy teeth and bones; B vitamins help convert food to cellular energy; and vitamins A, C and E for antioxidant support.
In March 2021, PanTheryx, a nutrition and biotechnology company, announced that it has acquired TruBiotics, a daily probiotic supplement brand, and its trademarks from Bayer HealthCare LLC. TruBiotics is one of the most recognized probiotics brands in the U.S. and is available at food, drug, and mass channel retailers as well as e-commerce outlets. The TruBiotics brand will join PanTheryx’s current brands and ingredient offerings, including Life’s First Naturals, dairy colostrum, and prebiotics, to create a full spectrum of nutritional supplements that support comprehensive digestive and immune health at all stages of life.
Browse 34 Market Data Tables and 26 Figures spread through 220 Pages and in-depth TOC on “Global Immune Health Supplement Market”- Forecast to 2030, Global Immune Health Supplement Market, By Ingredients (Vitamins, Omega-3 Fatty Acids, Probiotics, Minerals, and Others), By Source (Plant-based, and Animal-based), By Form (Tablets, Capsules, Powder, and Liquid), By Distribution Channel (Supermarkets, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/immune-health-supplements-market-4065
Key Takeaways of the Global Immune Health Supplement Market:
- The global immune health supplement market is expected to exhibit a CAGR of 7.4% during the forecast period. Collaboration with emerging economies offers lucrative growth opportunities for players in the global immune health supplement market. For instance, in April 2021, MaxVera Wellness, a distributor of raw materials for the Food, Healthcare, Sports, and Animal Nutrition industries, established a partnership with Nebo Manufacturing and Intermountain Nutrition, both of which specialize in cannabidiol (CBD) products. MaxVera's non-CBD-related formulae for vitamins, minerals, lotions, creams, and other immune health supplements are made by the collaboration. MaxVera is a private and white-label nano supplements market leader, with products sold worldwide.
- Among Distribution channel, the online pharmacies segment is expected to grow in the global immune health supplement market over the forecast period, owing to the increased access, lower transaction and product costs, convenience, and greater anonymity for consumers. For instance, in June 2020, according to the news published by Hindustan Times Digital Streams Ltd., an Online Media company, sales of multivitamins and immunity boosters saw a jump in 2020, especially on online pharmacy platforms, as wary customers rushed to shield themselves from covid-19.
- Among Source, the plant-based segment is expected to hold a dominant position in the global immune health supplement market during the forecast period and this is attributed owing to the increasing demand for vegetarian supplements as most of the vitamins are plant-based supplements. Due to Covid-19, the demand for vitamins increased in the form of gummies, chewable tablets, etc. So, key players are focusing on strategies such as product launches for the global immune health supplement market growth. For instance, in March 2020, Eu Natural, a wellness brand that creates plant-powered formulas to meet your body's needs, announced the launch of its IMMUNITY bundle, which is available for purchase. The IMMUNITY Bundle unites three powerful herbal supplements to support your immune health: Astragalus, Echinacea, and Andrographis. All of the supplements are natural, contain zero additives, binders or fillers, are 100% vegetarian, made-in-the-US, and easy-to-swallow soft capsules.
- Major players operating in the global immune health supplement market include Abbott, Bayer AG, Glanbia PLC, EuroPharma USA, Bio-Tech Pharmacal, Vital Nutrients, Herbalife International of America, Inc., Vitabiotics Ltd., NutriGold Inc., BioGaia, NIC (Natural Immunogenics Corporation), Blackmores, Wellbeing Nutrition, NutriScience Innovations LLC, DSM Nutritional Products AG, and Nutramax Laboratories Veterinary Sciences, Inc.
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