Global Immune Boosting Supplement Market Overview:
As customers grow increasingly worried about their health, immunity care has become an important aspect of today's hectic lifestyle. Nutritional supplements are being used by today's time-conscious consumers, especially those who maintain healthy, balanced diets. Consumers all around the world are feeling compelled to strengthen their immune systems in order to avoid the negative consequences of infectious diseases. The rising prevalence of infectious diseases, diabetes, and other ailments caused by a lack of immunity are among the primary drivers driving market expansion. In recent years, there has been a global trend toward increased supplement use to boost the body's immunity.
As per latest study released by AMA Research, the Global Immune Boosting Supplement market is expected to see growth rate of 20.3%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Adoption of Nanotechnology in Immune Supplements and Anti - Oxidative and Anti-Ingredients Are Gaining Popularity across the Globe
Market Growth Drivers:
Rising Prevalence of Infectious Diseases, Diabetes, and Several Other Disorders due to Lack of Immunity and Increased Demand for Immune Supplements Due to COVID19 Pandemic
Challenges:
Various Side-Effects of Immune Supplements to Hinder the Market Growth
Restraints:
High Cost of Immune Boosting Supplements and Availability of Cheaper Substitutes for Immune Boosting Supplements
Opportunities:
Growing Awareness among Adult Individuals to Boost the Body's Immunity have Increased the Demand for Immune Supplements
Competitive Landscape:
The demand for immune boosting supplement is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Bayer, Sanofi, Novartis, Nestle and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders such as Bayer, Sanofi, Novartis, Nestle demonstrate a market-defining vision of how immune boosting supplement can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are Bayer (Germany), Sanofi (France), Novartis (Switzerland), Boehringer Ingelheim (Germany), Nestle (Switzerland), PanTheryx, Inc. (United States), Sun Pharmaceutical Industries Limited (India), GlaxoSmithKline Inc. (United Kingdom), Abbott Laboratories (United States), Amway (United States), Himalaya Global Holdings Ltd. (India) and GNC Holdings (United States). Additionally, following companies can also be profiled that are part of our coverage like The Nature's Bounty Co. (United States) and Swisse Wellness Ltd. (Australia). Analyst at AMA Research see United States Vendors to retain maximum share of Global Immune Boosting Supplement market by 2030. Considering Market by Form, the sub-segment i.e. Capsules will boost the Immune Boosting Supplement market. Considering Market by Sales Channel, the sub-segment i.e. Pharmacies/Drug Stores will boost the Immune Boosting Supplement market.
Latest Market Insights:
In March 2021 PanTheryx, Inc had announced the acquisition of TruBiotics Brand from Bayer HealthCare LLC. PanTheryx's acquisition of TruBiotics is in line with the company's goal of accelerating expansion by acquiring synergistic brands in fast-growing key areas. TruBiotics will complement PanTheryx's existing brands and ingredient offerings, such as Life's First Naturals, dairy colostrum, and prebiotics, to create a comprehensive range of nutritional supplements that promote digestive and immunological health at all stages of life.
In December 2021 Nestle had announced the launch of Nestle Boost Original. Nestle Boost original is a nutritional food drink that assists older persons in obtaining the nourishment they require as part of a balanced diet in order to maintain a healthy and active lifestyle. Nestle Boost original provides protein to help maintain muscle strength, as well as 16 vitamins and minerals to promote immunity, including vitamin C, D, zinc, and iron. It also has a low glycemic index and is low in fat.
What Can be Explored with the Immune Boosting Supplement Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Immune Boosting Supplement Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Immune Boosting Supplement
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Immune Boosting Supplement market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Immune Boosting Supplement market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Distributors/Suppliers, Raw Material Supplier, End-use industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.