Global Immune Health Supplements Market Size study & Forecast, by Product (Vitamin and Mineral Supplements, Herbal Supplements, Probiotic Supplements, Others), by Form (Capsules, Tablets, Powder, Others), by Application (Hair growth, Gut health, Respiratory tract infection, Others), by Distribution Channel (Pharmacies/Drug Stores, Supermarkets and Hypermarkets, E-commerce, Others) and Regional Analysis, 2022-2029
Global Immune Health Supplements Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Immune health supplements are healthcare product that helps in maintaining a reduces risk of nutrient deficiencies, healthy lifestyle, boost a healthy appetite, and protects many health conditions. Factors such as the increasing number of weight management programs, the growth of the wellness industry, and rising incidences of infectious diseases, diabetes, and several other disorders are driving the market growth across the globe.
According to a Statista report, in 2019, the global wellness market was estimated to account for approximately USD 4.91 billion. Also, it is anticipated that the market is constantly growing and is likely to reach USD 6.99 billion by the year 2025. Accordingly, the increasing demand for wellness products is exhibiting a positive influence on the growth of the Immune Health Supplements Market. In addition, rising innovation and formulation of new immunity boosters, as well as an increasing number of strategic initiatives by the key market players are creating lucrative prospects for market growth over the forecasting years. However, adverse effects associated with the immunity health supplements are hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Immune Health Supplements Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the space in terms of revenue, owing to the increasing consumer spending on immune health supplements and rising emphasis on health care. Whereas, the Asia Pacific is expected to grow significantly during the forecast period. Factors such as the rising purchasing capacity of the population, as well as an increasing population, are burgeoning the market growth in the forecasting years.
Major market player included in this report are:
Bayer AG
Pfizer Inc.
Sun Pharmaceutical Industries Limited
Swisse Wellness Pty Ltd.
GlaxoSmithKline Inc.
Abbott Laboratories
Amway Corp.
The Nature's Bounty Co.
Herbalife Nutrition of America, Inc.
Himalaya Global Holdings Ltd.
Recent Developments in the Market:
In December 2020, Abbott launched a newly developed Pedialyte hydration solution for supporting immune health. Pedialyte with immune support involves vitamin B12, vitamin C, prebiotics, vitamin E, and zinc, which are nutrients specifically chosen because of their role in supporting the immune system.
In April 2019, Bayer AG announced the introduction of a new redox-on triple-action supplement in order to overcome immunity challenges during the Ramadan fasting period.
Global Immune Health Supplements Market Report Scope:
Historical DataCompanies Mentioned
Bayer AG
Pfizer Inc.
Sun Pharmaceutical Industries Limited
Swisse Wellness Pty Ltd.
GlaxoSmithKline Inc.
Abbott Laboratories
Amway Corp.
The Nature's Bounty Co.
Herbalife Nutrition of America, Inc.
Himalaya Global Holdings Ltd.
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