Global Cold & Flu Supplements Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Cold & Flu Supplements Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global cold & flu supplements market has been segmented on the basis of product, as well as regions and countries.
Cold & flu supplements are manufactured products that are intended to provide essential nutrients which are either extracted from natural or synthetic supplements, and are intended to improve the immune system of an individual, in order to combat the effects of the common cold & flu respectively.
The rapid changing lifestyles of individuals, coupled with the growing awareness among people concerning the beneficial medicinal properties of several naturally therapeutic ingredients is leading to an increase in the demand for these health products, and subsequent revenue growth of the global cold & flu supplements market in the years to come
As per studies undertaken by the World Health Organization, up to 650,000 individuals lose their lives to the flu each year. This is major reason that has contributed to an increasing number of individuals purchasing supplements to improve their immune systems and to thwart the onset of preventable illnesses - another factor that is expected to contribute to the future market growth of this global industry.
In light of the recent COVID-19 outbreak, there has been an exponential number of individuals purchasing preventive supplement products such as minerals and vitamins, especially vitamin C, and this is expected to have a profound impact on the revenue growth of the global cold & flu supplements market in the foreseeable future.
Numerous initiatives being undertaken by private and government organizations towards the development of improved supplements, as well as in boosting the awareness levels among individuals concerning these products is another factor that is anticipated to fuel future market growth.
Segmentation of the global cold & flu supplements market is as follows:
On the basis of product, the vitamins & minerals segment accounted for the highest number of revenue shares of the global cold & flu supplements market in 2019. However, the revenue growth of the herbal extracts segment is expected to increase considerably in the coming years, due to the increasing awareness among individuals concerning the organically therapeutic benefits of these products in combating the onset and prolongment of the common cold & flu.
Regional Segmentation and Analysis:
Markets in the APAC region accounted for the majority revenue share of the global cold & flu supplements market in 2019. This can be accredited to factors such as, the increasing number of initiatives being undertaken by private and government organizations to promote the use of these types of preventable medications, booming geriatric populations, as well as the growing purchasing power of individuals in this region.
The markets in Europe are expected to register the fastest rate of revenue growth over the next 10 years, due to the increasing adoption of natural supplements by individuals in this region.
Segmentation of the Global Cold & Flu Supplements Market:
Segmentation by Product:
- Natural Molecules
- Herbal Extracts
- Vitamins & Minerals
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- WAKUNAGA OF AMERICA CO. LTD.
- Neurobiologix Inc.
- The Vitamin Shoppe
- KLAIRE LABS
- Nordic Naturals
- Himalaya Global Holdings Ltd.
- Nature's Way Products LLC. (Dr. Willmar Schwabe GmbH & Co. KG)
- Flora Inc.
- Pfizer Inc.
- GlaxoSmithKline Plc.
- NOW Foods
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