Cold and Flu Supplements Market Analysis Report 2023-2030: A $36.6 Billion Market by 2030, with CAGR of 11.5% During 2023-2030

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Jan 08, 2024, 11:30 ET

DUBLIN, Jan. 8, 2024 /PRNewswire/ -- The "Cold And Flu Supplements Market Size, Share & Trends Analysis Report By Product (Herbal Extracts, Natural Molecules), By Distribution Channel (Pharmacies & Drug Stores, Online), And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global cold and flu supplements market size is expected to reach USD 36.61 billion in 2030, growing at a CAGR of 11.5% from 2023 to 2030.The increasing awareness about health and well-being has encouraged consumers to take a proactive approach toward managing their health, including preventing and treating cold and flu symptoms. People are no longer satisfied with simply treating the symptoms; instead, they are taking a more preventive approach by boosting their immune system to reduce the risk of developing flu & cold. Consumers now recognize the crucial role of a strong immune system in combating illnesses like colds and flu.

They are actively seeking ways to enhance their immune function and are turning to supplements that claim to provide immune support. These supplements often contain various vitamins, minerals, antioxidants, and herbal ingredients believed to boost immune function and promote overall wellness. Natural molecule-based supplements are often perceived as safer than pharmaceutical drugs, as they are derived from natural sources and are generally considered to have a lower risk of adverse effects. This perception of safety resonates with consumers who prefer a gentler and more natural approach to managing cold & flu symptoms. Furthermore, natural molecule-based supplements are increasingly available in various distribution channels, including pharmacies, hypermarkets & supermarkets, health food stores, online platforms, and specialty retailers.

Their visibility and accessibility are expected to drive their demand and consumption during the forecast period. Collaborations aimed at the distribution of nutritional and mineral supplements are likely to support market growth. For instance, in October 2022, Animine, a France-based company known for its production and distribution of precision minerals, partnered with Grupo ISA for the exclusive distribution of its products and solutions in Mexico. This collaboration is expected to strengthen Grupo ISA's portfolio of nutritional solutions and enable the company to offer a wider range of innovative products to the North American market.

Cold And Flu Supplements Market Report Highlights

The vitamins & minerals segment accounted for the largest share of 40.1% in 2022. These essential nutrients play a vital role in supporting immune function and overall well-being. Thus, they are commonly incorporated into cold and flu supplements to enhance immunity and aid in recovery
The pharmacies & drug stores segment accounted for the largest share of 48.5% in 2022. The primary reason behind the increased sales through this distribution channel is the presence of knowledgeable pharmacists who can offer expert guidance and advice to consumers seeking cold & flu supplements. This expertise instills consumer trust and contributes to higher sales figures
North America accounted for the largest share of over 36.4% of the global market in 2022. This can be attributed to the rising health consciousness among consumers in the region leading to a heightened interest in maintaining a healthy diet and lifestyle
The region's focus on wellness and preventive healthcare also drives the demand for cold & flu supplements

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Cold and Flu Supplements Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Profit Margin Analysis
3.3. Market Dynamics
3.4. Industry Analysis - Porter's Five Forces Analysis
3.5. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis
4.1. Demographics Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Key Observations & Findings

Chapter 5. Cold and Flu Supplements Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Vitamins & Minerals
5.3. Natural Molecules
5.4. Herbal Extract

Chapter 6. Cold and Flu Supplements Market: Distribution Channel Range Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
6.2. Pharmacies & Drug Stores
6.3. Hypermarkets & Supermarkets
6.4. Online
6.5. Others

Chapter 7. Cold and Flu Supplements Market: Regional Estimates & Trend Analysis

Chapter 8. Competitive Analysis

Wakunaga of America, Co. Ltd
Neurobiologix, Inc.
KLAIRE LABS
Nordic Naturals
Himalaya Global Holdings Ltd.
Nature's Way Products, LLC
NU SKIN
Flora Inc.
Pfizer Inc.
Amway
NOW Foods
Nature's Sunshine Products, Inc.
The Vitamin Shoppe.

For more information about this report visit https://www.researchandmarkets.com/r/a415oz

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