Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Introduction to Immune Health Supplements
The immune health supplements are primarily consumed to improve the immunity of the individual. The increasing penetration of the bacteria and germs inside the body weakens the immune system. The immune health supplements increases the metabolism rate in the body. This in turn enhances the consumption of the immune health supplements. There are various immune health supplements such as vitamin A, vitamin B2, vitamin B6 and vitamin C. used to boost the immunity of the individual. The immune health supplements helps in neutralizing the toxins throughout the body.
Market Size and Forecast
The immune health supplements market is witnessing robust growth on the account of increasing consumer awareness regarding the benefits of the consumption of the supplements. The growing disposable income of the population across the globe is anticipated to increase the spending towards various immune health supplements .This is anticipated to drive the growth of the overall immune health supplements market during the forecast period.
Immune health supplements market is anticipated to record a CAGR of 7.5% over the forecast period. It is expected to attain the total market size of USD 28 billion by 2027. The immune health supplements market is expected to showcase a vibrant growth by the end of the forecast period. The market is segmented on the basis of ingredient, source, and form and sales channel. On the basis of ingredient, it is sub-segmented into vitamins, minerals, herbal/botanical extracts, amino acids, probiotics, omega-3 fatty acids and others. Vitamins is anticipated to be the largest sub-segment during the forecast period. It accountred nearly 40% of the total market share in 2017. The wide application of the vitamins in various supplements is anticipated to be the factor driving the growth of the sub-segment during the forecast period. On the basis of source, it is sub-segemnted into plant-based and animal-based. On the basis of form, it is sub-segmented into soft gels/pills, powder, tablets and liquid.CLICK TO DOWNLOAD FREE SAMPLE
On the basis of sales channel, it is sub-segmented into online retailing and store based retailing. Store based retailing sub-segment is expected to hold the largest market share during the forecast period. However, online retailing sub-segment is antipctaed to record the highest CAGR during the forecast period.
Growth Drivers
Rising number of chronic diseases
The increasing demand for the health supplements to improve the immunity is anticipated to be the major growth driver for the overall immune health market. Additionally, rising prevalence of the chronic diseases across the globe is also major reason for the growth of the overall market during the forecast period. The changing lifestyle disorder across the globe is expected to increase the demand for the immune health supplements. According to Indian Council of Medical Research, the estimated proportion of deaths due to non-communicable diseases (NCDs) has increased to 61.8% in 2016.
Increasing ageing population
The rising ageing population across the globe coupled with the increasing number of chronic diseases is anticipated to witness robust growth during the forecast period. According to the United Nations, the population of over age 80 or over is anticipated to be tripled by 2050. It is expected to rise from 137 million in 2017 to 425 million in 2050 .Additionally the growing healthcare cost is also increasing demand for the immune health supplements.
Restraints
Lack of awareness regarding the immune healthy supplement
The lack of awareness regarding the immune health supplements in the various developing countries is anticipated to challenge the market growth of the immune health supplements during the forecast period.
Market Segmentation
Our-in depth analysis of the global immune health supplements market includes the following segments:
By Ingredient:
By Source:
By Form:
By Sales Channel:
By Region
On the basis of regional analysis, global immune health supplements market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is anticipated to account the largest market share for the overall market. It is estimated to hold the total market share of 38% in 2017. The highly developed healthcare infrastructure in the region coupled with high disposable income of the population is anticipated to boost the growth of the overall market in the region. Asia-Pacific region is anticipated to showcase vibrant growth during the forecast period. The growing ageing population in the region coupled with increasing prevalence of the chronic diseases is anticipated to be the major reason for the expansion of the market in the region.
Global immune health supplements market is further classified on the basis of region as follows:
Key Players
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