USD 55.45 billion
Report ID: SQSG30I2048 | Region: Global | Published Date: November, 2022 | Pages: 245 | Tables: 125 | Figures: 73
Nutritional Immunology Market was valued at USD 55.45 billion in 2021, and USD 56.2 Billion in 2022 and the market size is estimated to reach USD 116.80 billion by 2030, at a CAGR of 11.8% over the forecast period (2023-2030).
Nutritional Immunology is a science that is always investigating how good diet affects immune system activities. It conducts study on certain plant dietary ingredients that have high levels of phytochemicals, antioxidants, and polysaccharides that assist the immune system.
The rising frequency of infectious diseases, diabetes, and a range of other conditions caused by a lack of immunity are significant drivers driving market growth. In recent years, there has been a surge in the use of supplements to boost the body's immunity all over the world. Supplement goods for boosting immunity, such as vitamins, minerals, herbal products, and probiotics, have seen a surge in popularity in recent years. People all across the world are becoming more concerned about their immunological health and overall quality of life. The expanding aging population and improved knowledge among adults to strengthen the body's immunity have raised demand for nutritional immunology, which is driving market growth.
US Nutritional Immunology Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 55.45 billion
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The global Nutritional immunology market is segmented based on ingredient type, form, source type, distribution channel and region. Based on ingredient type, the Nutritional Immunology Market is segmented into Vitamins, Minerals, Herbal Botanical Extracts, Probiotics, Amino Acids, Omega 3-fatty acids, Others. Based on form, the Nutritional Immunology Market is segmented into Soft Gels/Capsules, Tablets, Powder, Liquids, Others. Based on source type, the Nutritional Immunology Market is segmented into Plant-Based, Animal-Based. Based on distribution channel, the Nutritional Immunology Market is segmented into Pharmacies and Drug Stores, Hypermarket/Supermarket, Online Stores, Specialty Store, Others. Based on region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Nutritional Immunology Market Analysis by Ingredient Type
The market has been segmented into vitamin, mineral, herbal extracts, probiotics, Omega-3 fatty acids, amino acids, and others based on the ingredient type. In 2021, the vitamins category retained a commanding market share. The increased intake of vitamin supplements is to blame for the domination. Because of the rising number of new product releases containing omega-3 fatty acids, the omega-3 fatty acids market is expected to grow at a faster CAGR by 2028. It is also available in liquid and tonic versions.
Furthermore, the herbal extract segment is predicted to expand due to increased demand and application in a variety of meals.
The probiotics segment, on the other hand, is predicted to increase at a substantial CAGR during the forecast period due to an increasing desire to fortify food products with natural additions. Probiotics are expected to revolutionize the supplement business. Rising investments, mergers and acquisitions, government initiatives, increased awareness of probiotics, and substantial market growth potential in emerging markets are projected to propel the category.
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North America led the market in 2021, accounting for the largest revenue share of 37.1%. The largest customer base for immune health supplements and rising individual awareness are expected to drive regional growth in the nutritional immunology market over the forecast years. Furthermore, a rising trend in the United States population to spend in preventative supplements is likely to boost market expansion in this region.
The Asia Pacific market is expected to grow at the fastest rate of 12.8% over the forecast period. Growing per capita income and an expanding customer base in Asian nations such as China, India, and South Korea are expected to fuel demand for nutritional immunology in these regions over the next several years. Furthermore, increased awareness and expenditure on health-enhancing goods are major causes driving this region's fastest development throughout the anticipated years.
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Nutritional Immunology Market Driver
Innovation and Formulation of New Immunity Boosters to Drive Market Growth
Nutritional Immunology Market Restraint
Adverse Effects of Immunity Health Supplements to Restrict Adoption
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Key companies are primarily focusing on new product invention and development. For instance, in April 2019, Bayer AG developed a new approach on triple-action supplement to combat immunity issues during the Ramadan fasting period. Abbott released a new Pedialyte hydration product to enhance immunological health in December 2020. Pedialyte with Immune Support contains prebiotics, vitamin B12, vitamin C, vitamin E, and zinc, all of which have been specifically chosen for their role in immune system support.
Nutritional Immunology Market Top Players Company Profiles
Nutritional Immunology Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, immune health supplements are a rapidly growing global market, with demand being influenced by rising consumer awareness of health issues, rising consumer interest in maintaining a healthy lifestyle and a good health profile, and the popularity of wellness trends. A crucial trend is a preference for individualized diet, particularly among people suffering from minor metabolic abnormalities or gut-related health conditions that frequently fall beyond the scope of generic therapy. Another significant element driving demand for immune health supplements is the recent epidemic of coronavirus infection, which highlighted the need of a healthy immune system in keeping illnesses at bay. Consumer interest in immunity care is growing as a result of changing lifestyles, hectic schedules, and rising health concerns.
|Market size value in 2021||USD 55.45 billion|
|Market size value in 2030||USD 56.2 Billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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KEY COMPANY PROFILES
For the Global Nutritional Immunology Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Nutritional Immunology Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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