Number of pages: 100 | Report Format: PDF | Published date: November 09, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
The global immune health supplement market was pegged at US$ 19.70 billion in 2021 and is expected to witness a CAGR of 10.05% during the forecast period.
Supplements for immune health are well known for their value in treating chronic illnesses like obesity, diabetes, constipation, malabsorption, indigestion, and malabsorption. Regular use of these supplements promotes a healthy lifestyle, lowers the risk of nutrient shortages, encourages a balanced appetite, and shields the body from a variety of illnesses.
The rising incidence of infectious diseases, diabetes, and several other problems brought on by a lack of immunity is the main factors propelling market expansion. Over the forecast period, the market for immune health supplements is anticipated to be driven by the rising inclination for plant-based diets and the rising use of immune health supplements in a variety of goods. The recent coronavirus outbreak, which emphasized the significance of a robust immune system in preventing infection, is another key reason boosting demand for immune health supplements.
During the forecast period, the global market for immune health supplements will face additional challenges due to a lack of consumer awareness about these products.
The global immune health supplement market has been analyzed from five perspectives: product, application, form, distribution channel, and region.
Immune Health Supplement Market by Product
Based on the product, the global immune health supplement market has been divided into, probiotic supplements, herbal supplements, and vitamin and mineral supplements. The global immune health supplements market was dominated by the vitamin and mineral supplement segment. This is attributed to the consumers' growing choice of supplements to strengthen their immune systems across the globe. The ubiquitous availability of multivitamins, vitamins C, D, and B complex, as well as minerals like zinc and selenium that strengthen the immune system and their known health advantages, are driving the segment's expansion.
Immune Health Supplement Market by Application
Based on the application, the global immune health supplement market is subdivided into gut health, hair growth, and respiratory tract infection. The global immune health supplements market is dominated by the respiratory tract infection segment. Since the COVID-19 epidemic, the demand for the use of immune support supplements has grown dramatically. During the forecast period, the gut health segment is predicted to rank second in terms of revenue contribution to the market.
Immune Health Supplement Market by Form
Based on the form, the global immune health supplement market is subdivided into capsules, gel, softgel, tablets, powder, liquid, and others. The tablet segment dominated the global market. The growing popularity of immune health supplements in the form of pills due to their easy and well-defined dosage is expected to propel this segment over the forecast period.
Immune Health Supplement Market by Distribution Channel
Based on the distribution channel, the global immune health supplement market is subdivided into e-commerce, pharmacies/drug stores, supermarkets and hypermarkets, and others. The pharmacies/drug store segment ruled the marketplace. Rising customer alternatives and availability of an extensive kind of merchandise is predicted to reinforce the best sale of the goods in pharmacies or drug shops.
Immune Health Supplement Market by Region
Based on region, the global immune health supplement market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the immune health supplements market. The highest consumer base for immune health supplements and growing awareness among individuals are the factors anticipated to fuel the regional growth in the immune health supplements market over the forecast years. In addition, an increasing trend in the U.S. population to invest in preventive supplements is also expected to drive market growth in this region.
Some of the prominent players operating in the global immune health supplement market are: -
The global immune health supplement market is expected to grow at a CAGR of 10.9% in the forecast period.
Pfizer Inc., Herbalife Nutrition of America Inc., etc. are a few key players in the global immune health supplement market.
The respiratory tract infection segment dominates the global immune health supplement market.
Asia Pacific region is expected to witness the highest global immune health supplement market growth in the forecast period.
*Insights on financial permanence is subject to availability of information in public domain