The global Immunity-Boosting Food Products Market size in the historic forecast period that had ended in 2021 and is expected to reach at USD 18.4 Billion in 2030 and is projected to grow at a CAGR of 7.90% during the current forecast period that will be ending in 2030. The globally rising demand for immunity-boosting food products is increasing owing to the limelight that has been enjoyed by the increasing number of health issues amongst the global target audience. The rising consciousness regarding health and wellness among the global Immunity Boosting Food Products Market individuals has been one of the significant factors behind the growth of the immunity-boosting food products market during the period that will be ending in 2030. There is a lack of proper and timely diet, which leads to health issues like stress, smoking, and other unhealthy lifestyle-related choices that are responsible for weakening the body’s immune system. There has been a rising intake of adequate amounts of health and immune-boosting food products that results in increasing the metabolism rate of the body of the global target audience.
COVID 19 Analysis
The COVID-19 arrival and outbreak and especially the subsequent lockdown that has been imposed have had a brutal impact on the functioning of the global industries and companies. With the temporary shutdown of several manufacturing facilities, there is weakened consumer demand for most of the market products and services. The globally functional economy has witnessed devastating effects of the SARS-CoV-2 pandemic, and therefore, the market players are now more focused on bolstering their demand and supply chains and accelerating their operations to develop a wider range of products, to once again capture the attention of the global target consumers. Also, with the imposition of the temporary and permanent lockdown being lifted across countries and the novel coronavirus seemingly under control, the production, supply, and demand for the global Immunity Boosting Food Products Market have been picking up traction, resulting in market growth during the forecast period that will be ending in 2030. However, the case of the global Immunity Boosting Food Products Market stands different since the outbreak.
Over the last few months, the target consumers across the world have changed in massive proportions and are further, continually developing new habits. Amongst them all, the most pronounced has been the massive shift in the target consumer perspective towards health and wellness during such unfortunate times. The last few months have seen the target consumers taking a more proactive approach to healthier eating and exercising more – for maintaining health, your system, and immunity, strongness, and resiliency. They are now, more than ever, inclined towards wholesome and healthy food products and are thus, bringing along tastes and preferences that promise vitamins, minerals, and other healthy immunity-boosting ingredients.
Additionally, the global Immunity Boosting Food Products Market share is witnessing an increasing number of chronic illnesses and diseases worldwide and has further been driving the immunity food products market during the forecast period that will be ending in 2030. Global pandemics such as H1N1, COVID-19, and others like cholera have been instrumental in creating awareness of better eating habits and a healthy food lifestyle.
This fact is anticipated to drive the global Immunity Boosting Food Products Market during the forecast period that will be ending in 2030. Furthermore, the growing aging population across the global market premises is expected to boost the overall Immunity Boosting Food Products Market. With increasing age, immunity is emerging as an important human body tendency that tends to decrease, which results in an increasing number of chronic diseases.
The Immunity Boosting Food Products Market value is witnessing the lack of awareness about immune-boosting food products that are likely to hamper the global growth of the market during the ongoing forecast period that will be ending in 2030. The high prices of specialized immunity-boosting food products are another prominent factor that is restricting the market to grow as per the predictions that have been laid down for the forecast period.
According to data and important sinformation that has been published and circulated by the United Nations, the older population that is the one aged 65 & above during the historic forecast period that had ended in 2019 is 9% out of the total population. This is further, anticipated to reach up to 16% by the end of 2050. The number of individuals aged above 80 years is projected to triple from 143 million in the historic forecast period that ends in 2019 to 426 million by 2050. Therefore, with a growing old-aged population, the global demand for Immunity Boosting Food Products Market is anticipated to increase in the next few years, as a part of the forecast period that will be ending in 2030.
The immunity boosting food products market has been segmented based on the following:
By Product Type
Fruits and Vegetables: This segment of the global Immunity Boosting Food Products Market has been accounted for the largest market share in 2019 and is further anticipated to dominate during the forecasted period that ends in 2030. Fruits and vegetables are emerging as some of the most common immunity-boosting food products. Its easy accessibility, affordability, and suitability for people belonging to various age groups.
Probiotics and Prebiotics
By Distribution Channel
The North American region of the immunity boosting food products market had dominated the immunity-boosting food products market during the historic forecast period that had ended in 2021. The main reason behind this is the increasing awareness regarding healthy lifestyles and wellness. Additionally, the expansion of the high purchasing capacity of consumers and the presence of numerous manufacturers of immunity-boosting food products have resulted in the dominance of the North American market on the international market scale. The US, as a part of the North American market, is the major Immunity Boosting Food Products Market with the presence of some of the key global producers and manufacturers of immunity-boosting food products.
The Asian Pacific region is also expected to be a revenue pocket for immunity-boosting food products. The trends regarding the increasing number of emerging economies, especially in South East Asia, are further, anticipated to create an opportunistic market for the existing players.
The global immunity boosting food products market is witnessing the emergence of competition owing to the performance of the following market companies:
The Immunity Boosting Food Products Market report has been prepared to project the growth patterns for the market that are likely to have relevance with the market trends that prevail during the forecast period that will be ending in 2030. The global market report helps to draw a competitive market scale amongst the players based on the recent developments that have been undertaken by them for expansion during the period that ends in 2030. The report also covers the industry analytics and dynamics in the period. The growth rate of this market will accelerate in the forecast period.
|Market Size||USD 18.4 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, Distribution Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Danone SA (France), Nestle S.A. (Switzerland), Blue Diamond Growers (US), Diamond Foods, LLC. (US), Dole Food Company, Inc. (US), Pinnacle Foods Corp. (US), Olam International (Singapore), Hines Nut Company (US), Fonterra group Cooperative Limited (New Zealand), Associated British Foods Plc (UK)|
|Key Market Opportunities||Rising Awareness of Health and Wellness|
|Key Market Drivers||
Danone SA (France), Nestle S.A. (Switzerland), Blue Diamond Growers (US), Diamond Foods, LLC. (US), Dole Food Company, Inc. (US), Pinnacle Foods Corp. (US), Olam International (Singapore), Hines Nut Company (US), Fonterra group Cooperative Limited (New Zealand), Associated British Foods Plc (UK)
The North American market will establish domination in the global market premises.
The global market is expecting to expand at a CAGR of 7.90%.
The APAC region is likely to emerge as a prominent growing region.