Global Immune Health Supplements Market with Covid-19 Pandemic
PROPHECY MARKET INSIGHTS
The global immune system supplement market was valued at $ 17.4 billion in 2020 and is estimated at $ 33.6 billion by 2029. The CAGR is expected to be 7.5%.
The immune system is important to our survival and has several important functions that protect the physical body. It protects against damage, disease and infectious organisms including bacteria, fungi, parasites and viruses in the environment. It can also recognize and destroy abnormal cells derived from host tissues.
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In April 2017, Solaray Inc., a manufacturer of nutritional supplements, launched the liposomal turmeric root extract with non-genetically modified and vegan properties. The product also does not contain any fillers, blinkers or additives. It offers various benefits including immune support, anti-inflammatory properties, and others.
In February 2019, an Australian wellness brand, Swisse, launched Vitamin C Manuka honey chewable tablets. The product also contains lemon and acerola cherry extract, which supports the immune system.
By region, the global Immune System Supplements Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The European region dominates the immune system nutritional supplement market, followed by the Asia-Pacific region.
The increasing rate of intestinal disease in European countries such as Germany and France has increased the demand for immune system supplements in this region, which is expected to fuel the growth of the market during the reporting period.
In addition, government support for new product launches is seen as the main driving force in this region.
In addition, the increasing consumption of immune health supplements related to supporting intestinal health in developing countries such as India, Brazil and China is expected to revitalize the global immune health supplement market over the forecast period.
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Growing awareness of self-care and wellbeing
The global immune system supplement market is expected to be driven by increasing consumer health awareness. The further development of product development in connection with technological improvements is also seen as a major reason for the increasing growth of the market for food supplements for the immune system in the forecast period. In addition, growth in the health and wellness sector has pushed market growth to an elevated level.
Innovation and formulation of a new immunity booster
For manufacturers, innovation has been a stable part of advances in the immune supplement business, as well as opportunities and business expansion. The introduction of new products with multiple health benefits increases the demand for innovative products to supplement immunity.
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