The global vitamins supplements market is anticipated to grow from US$ 100.51 billion in 2021 to $161.56 billion in 2028 at a CAGR of 6.1% in the forecast period. The rise of immune supplements is driven mostly, as consumers understand exactly their day-to-day difficulties and the adoption of fitness trends. In addition, the demand for personalized nutrition is one of the main trends in the industry, which may further boost market growth. In particular, persons with intestinal health issues with generic medication not effective are becoming more and more concerned personalized nutrition.?
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Increasing prevalence of chronic diseases and other disorders in geriatric patients
Due to the growing incidence of chronic conditions and other ailments among the geriatric population, a substantial increase in the immune health supplements market is projected over the forecast period. According to the September 2019 report of the WHO, for example, about 50 million individuals throughout the world suffer from dementia. Alzheimer's disease is the most prevalent kind of dementia according to the same source and can account for 60%-70% of the total cases.
In addition, the introduction of new vitamin supplement products for immunological health is projected to boost worldwide immune market growth of vitamin supplements throughout the predicted time. Conagen, a biotechnology firm, for example, claimed in March 2020 that it has produced a sustained unique lactoferrin protein, which reflects lactoferrin's nutritional qualities from breast milk.
Significant factors that impede the growth in global vitamin supplements for immune health include adverse effects and high costs for vitamin supplements and the lack of information in low- and middle-income economies about the nutritious diet. There is little knowledge of nutritional goods and nutritionally-related illnesses in rural and middle-income countries of Africa and APAC. The use of medical nutritional products in these regions is likely to result in slowing down and therefore impair market growth.
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Asia-Pacific is expected to witness significant growth
During the past couple of years, numerous national and multinational enterprises have entered the region of the APAC claiming their growth potential. The increasing population, together with the growing buying power finally helped the vitamin supplements business to expand. Both raw resources such as Biloba ginkga and new product lines, such as herbal tones, beverages based on traditional Medicine and Indian Ayurveda, are found in the Asia-Pacific area. In addition it is the popularity that has drawn worldwide and regional investment in the APAC region, with traditional items such as Ayurveda, focused on exports to demand centres, such as Europe and the US. Countries such as Vietnam, China, India, and Indonesia have organized their investment in digital infrastructure, making e-commerce a significant avenue for distribution of consumer products.
The Impact of Covid-19 on the Vitamin Supplements for Immune Health Market
The COVID-19 epidemic has had three major effects on the economy: directly impacting production and demand, disrupting distribution networks, and having a financial impact on companies and financial markets. Several nations, including Saudi Arabia, China, India, Egypt, and others, are experiencing transit issues as a result of countrywide lockdowns.
Another effect of the worldwide pandemic is an increase in demand for immunity and respiratory health supplements. Vitamins and minerals, herbal nutrition, and protein supplements are in high demand. The COVID-19 pandemic is increasing global demand for vitamin supplements for immunological health. This increase can be attributed to the overall public's growing interest in health and well-being. COVID-19 mainly comes with symptoms such as cold and flu. As a result, Vitamins B, C and D, as well as zinc might be helpful in boosting one’s immune system
Some of these vitamin supplements, however, may have negative side effects if combined with other medications or taken before to surgery. Many of these products have yet to be tested on pregnant women or children. This is a significant factor that may impede the growth of the vitamin supplements for immune health market during the forecast period.
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Vitamin Supplements for Immune Health Market:
- By Category
- Specialty Vitamins
- General Vitamins
- Single Vitamins
- By Supplement Type
- By Type
- Vitamin C
- Vitamin B6
- Vitamin E
- By Distribution Channel
- By Geography
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America