Market Research Blog

Herbal Tea Market is poised for remarkable growth, expected to reach a value of USD 7,693.5 million by 2033, exhibiting an impressive 7.3% CAGR, starting from USD 3,962.7 million in 2023.

The great demand for organic and natural products makes a perfect opportunity to grow the herbal tea market. But there is tough competition from other beverages like coffee, tea, and juice in the market.

New companies are entering the herbal tea market, so the competition to become a leading company is challenging this is a thread to the herbal tea market.

Market Opportunities

Customers are becoming health-conscious nowadays and demanding natural and healthy products, so herbal tea is an excellent fit for them as it is made with natural ingredients and has many health benefits. There is also a rise in e-commerce, which creates a perfect opportunity to reach customers of the herbal tea market.

Herbal tea has many benefits, such as reducing stress, improving sleep, boosting immunity, improving digestion, and weight loss. With this, the demand for herbal tea is increasing daily. Herbal tea blends are in demand by customers, and customers are looking for new ways to enjoy herbal tea.

Key Takeaways

• The industry has maintained an excellent CAGR of 7.3% from 2023 to 2033, indicating a consistent upward trajectory and favorable prospects for the market.
• The global herbal tea industry is on track to flourish and reach a remarkable revenue milestone of US$ 7,693.5 million by 2033.
• United States demonstrated dominance by capturing a substantial 21.7% share of the herbal tea market, outperforming competitors.
• Germany established itself as a leader with a significant market share of 7.8% in the herbal tea market.
• Japan showcased its competitive edge by capturing a substantial 3.5% market share in the herbal tea industry.
• India positioned itself as a key player in the herbal tea market, capturing a significant market share of 6.4%.

Competitors Winning Strategies

Competitors in the herbal tea market are making new products with new flavors, blends, and attractive packaging. This gives customers a variety of options to choose what they want. They are making their brand so that customers can easily recognize their product as well as they can trust.

They are also doing marketing with helps the customer in raising awareness of herbal tea. They are running their advertisements on many platforms to get more new customers.

Nestle, The Republic of Tea, Stash Tea, and Barry’s Tea are some of the leading competitors of the herbal tea market.

Recent Developments:

• Tata Global Beverages: Tata Global Beverages released an innovative brand of herbal teas named “Teavana Wellness Teas.”
• Unilever: Unilever purchased Pukka Herbs Ltd., a famous herbal tea firm. This purchase will assist Unilever to extend its offering of natural and organic goods.
• Associated British Foods: Associated British Foods said it will invest $10 million in its herbal tea business. This money will enhance the company’s manufacturing capacity and create new goods.
• Mountain Rose Herbs: Mountain Rose Herbs developed a new range of single-origin herbal teas. These teas are prepared using herbs that are acquired from a particular place, which guarantees that they have a constant taste and quality.

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Key Segments Profiled in the Herbal Tea Industry Survey

Herbal Tea Market by Raw Material Type:

• Black Herbal Tea
• Green Herbal Tea
• Yellow Herbal Tea

Herbal Tea Market by Product Type:

• Herbal Tea Instant Premixes
• Liquid Herbal Tea
• Powdered RTD Herbal Tea
• Herbal Tea Syrup

Herbal Tea Market by Flavor Types:

• Lemongrass Herbal Tea
• Peppermint Herbal Tea
• Fruit Herbal Tea
• Hibiscus Herbal Tea
• Ginger Herbal Tea
• Chamomile Herbal Tea

Herbal Tea Market by Packaging Type:

• Herbal Tea Can Packaging
• Herbal Tea Carton Packs
• Herbal Tea Bags
• Herbal Tea Paper Pouches
• Loose Herbal Tea

Herbal Tea Market by Region:

• North America Herbal Tea Market
• Latin America Herbal Tea Market
• Europe Herbal Tea Market
• Asia Pacific Herbal Tea Market
• Middle East and Africa Herbal Tea Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global health and wellness product market size value is estimated to be around USD 7,235 million in 2024. The overall market size, in terms of value, was around USD 4,947 million in 2019, and it expanded at a rate of 7.9% per year between 2019 and 2023.

The pandemic instigated a behavioral change among people from all walks of life to spend more on preventive healthcare and wellness products. Based on the recent emerging trend in holistic wellness products market, the market is forecast to witness a year-on-year growth rate of 8.2% from 2024 to 2034.

Consumer tastes are evolving fast through social media channels, creating a higher demand for rare and unique health and wellness products. So, the health and wellness product industry is anticipated to register a valuation of US$ 15,982 million by 2034 end.

“Innovations in fitness supplement ingredients and beauty care product formulations are expected to be the fundamental factor for the advancement of the market. But personalization and customization trends in the health and wellness market are expected to reward more business to new market players through products already in supply,” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Key Takeaways from the Health and Wellness Product Market Study Report

• In Europe, Germany is expected to witness an astounding CAGR of 11.8% in demand for health and wellness products till 2034.

• The United Kingdom follows behind Germany in wellness trends as its regional market is expected to progress at a CAGR of 6.9% through 2034.

• In Asia, China captures a sizable market share for health and wellness products and is likely to grow at a rate of 5.5% per year till 2034.

• India is a remarkably growing natural health product market, and it is anticipated to witness a 9.8% CAGR through the projected years.

Competitive Landscape for the Health and Wellness Product Market Participants

The overall market for health and personal care products is highly competitive, as numerous small and big industry players are currently active in this sector. Leading market players are expanding fast and investing more in research and development to diversify their product lines to cater to their customers looking for specialized solutions.

The global food safety testing services market value is likely to jump from USD 15,836.90 million in 2023 to USD 30,061.73 million by 2033. This anticipated growth is expected to be driven by a steady CAGR of 7.0% in food safety testing services demand over the next decade.

Although comprising the last component of the food manufacturing process, testing food items is considered an extremely important phase. Food product testing is required to ensure that the food is safe to eat and free of physical, chemical, and biological hazards.

The food safety testing services market is heavily regulated. This industry utilizes both classic methods, such as culture-based and immunoassays, as well as novel approaches, such as DNA-based and fast testing.

With the rising food sector and increased concern about food safety, the food safety testing market is positioned for continuing success and expansion. The development of cost-effective and novel testing technology is going to be critical to its continuing success, ensuring that people can have trust in the food they eat.

Individuals who have growing sensitivity to allergens such as gluten and dairy are propelling allergy-free product development globally. As a result, allergy-free products have been introduced, with manufacturers frequently testing packaged and processed food items to trace particles.

Chemical testing in organic food products is also becoming more popular in the market as a result of firms testing these products all over the world for evidence that they contain listed or banned chemicals in order to meet the requirements of different country-level regulatory organizations.

The food business in developing countries is extremely fragmented, posing a higher risk of contamination. Food control systems may be split across national, state, and local organizations, and the efficacy of their execution is dependent on the power and effectiveness of the organization in charge at each level. Consumers are unlikely to be safeguarded to the same level across the country, and evaluating the success of initiatives by national, state, or municipal authorities can prove difficult.

With increased illness occurrences and public awareness of foodborne diseases worldwide, the present food safety testing industry is transitioning toward quick culture-independent molecular or microbiological testing methods. Rising consumer fascination with food quality has spurred significant technological improvements, propelling the food safety testing industry in emerging and developed countries.

“With the development of processed and composite food products, the potential for contamination and safety risks also grows. This trend is set to propel revenue growth in the food safety testing service industry, presenting a significant opportunity for providers,” opines a lead food and beverage analyst at FMI.

Key Takeaways from the Food Safety Testing Services Market:

• In 2022, the United States asserted its dominance in the food safety testing services industry, boasting a commanding 26.1% global market share.
• The food safety testing services industry in the United Kingdom is poised for substantial growth, with a projected CAGR of 4.4% through 2033.
• 3.3% market share was recorded in the Japan food safety testing services sector in 2022.
• India’s rapid development in the food safety testing services industry is evident through its projected CAGR of 6.2% during the forecast period.
• Germany exhibited a 6.7% share of the global food safety testing services industry in 2022.
• China is anticipated to rise speedily in the food safety testing services industry, with a projected CAGR of 10.7% over the forecast period.

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Key Players and Strategies for Success in the Food Safety Testing Services Market

The food safety testing services industry has evolved as a vibrant and fast-increasing segment of the global food safety market in recent years. Leading firms in this ever-evolving landscape adopt several kinds of approaches to address the changing desires of customers and create a presence in a market that is becoming increasingly competitive. The following are essential aspects concerning key competitors and success methods in the food safety testing services market:

• Putting resources into research to create unique and effective food safety testing services.
• Construct effective branding and marketing initiatives to stand out in a competitive market.
• Remain informed on rules and verify that the products comply with regulatory criteria.
• Establish relationships with food service companies to increase distribution.
• Remain adaptive to shifting consumer demands and prevailing market trends.

Recent Developments in the Food Safety Testing Services Market

In March 2022, Bureau Veritas opened its sixth Canadian Microbiology library in Winnipeg, Manitoba. The new laboratory is going to supply both quick pathogen testing and indicators.

In February 2021, SGS SA confirmed a collaboration with RLP AgroScience. The aim is to enable complicated personalized tests for pesticide, chemical, biocide, and medication/veterinary drug ecological and human safety evaluations.

Key Companies Profiled in the Global Food Safety Testing Business Report

• Accugen Laboratories
• Adpen Laboratories
• Aegis Food Testing Laboratories (Vanguard Sciences)
• ALS Limited
• Asureuality Limited
• Avomeen Analytical Services
• Bio-Rad Laboratories
• Bureau Veritas SA
• Campden BRI
• Det Norske Vertias AS (DNV)
• EMSL Analytical Inc.
• Eurofins Scientific
• Exova Food Hygiene & Health Laboratory
• Genon Laboratories Ltd.
• Idexx Labora

Key Segments of Food Safety Testing Services Industry Survey

By Test:

• Allergen Testing
• Chemical and Nutritional Testing
• Genetically Modified Organism Testing
• Microbiological Testing
• Residue and Contamination Testing
• Others

By Application:

• Meat, Poultry and Seafood Products
• Dairy and Dairy Products
• Beverages
• Processed Food
• Cereals & Grains

By Technology:

• Polymerase Chain Reaction (PCR)
• Immunoassay-based
• Chromatography and Spectrometry
• Other Technologies

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The functional water market is expected to grow at a 6.2% CAGR from 2023 to 2033, increasing from USD 15,234.39 million in 2023 to USD 27,281.72 million by 2033. This growth is driven by rising demand for flavored functional waters, celebrated for their refreshing taste and enhanced nutritional profiles, with popular flavors like lemon, berry, and lime leading the charge.

Innovations in flavor and packaging are significantly boosting the market, as flavored functional waters are gaining popularity for their ability to enhance mental stamina by reducing stress and promoting relaxation among health-conscious consumers. Market players are focusing on low-calorie options and investing in effective marketing strategies to support this trend.

Key drivers of market expansion include the benefits of healthy hydration, nutritional value, and the refreshing qualities of functional ingredient-infused waters. Noteworthy advancements in this sector feature products aimed at improving sleep quality and aiding body detox. Functional beverages are increasingly favored over traditional soft drinks due to their lower sugar content and absence of synthetic ingredients like artificial colors, flavors, and preservatives.

The growing demand for fortified beverages enriched with essential nutrients—such as vitamins, minerals, amino acids, and proteins—is expected to propel the functional ingredient-enhanced water market. As consumers become more aware of obesity and diet-related issues, the food and beverage industry is focusing on incorporating fiber into drinks to promote benefits like calorie reduction, weight management, and improved digestive health.

Increased public interest in health and wellness is shifting the focus toward functional nutrition, with consumers seeking fortified options that provide additional benefits, such as enhanced energy, relaxation, mental clarity, and overall health support. In response, manufacturers are introducing products that go beyond basic hydration. For example, PepsiCo Inc. has launched Drift Well, a beverage designed to promote relaxation before bedtime, containing 200 mg of L-theanine and offering 10% of the daily magnesium requirement.

Key Takeaways

• The functional water market is expected to capture a CAGR of 6.2% during the forecast period 2023 to 2033.
• Growing popularity of functional water among the working class and millennial population, as well as creative product advancements, are likely to improve and accelerate the market growth over the projection period.
• North America dominated the functional water market.

Competitive Landscape

Prominent Players in the market

• Danone
• Coca-Cola
• Pepsico
• Dr. Pepper Snapple Vitamin Well AB
• Triamino Brands LLC
• New York Spring
• Herbal Water
• Vichy Catalan Corporation
• San Benedetto
• Unique Foods (Canada)

Key Developments

• October 2022 – CENTR Brands Corporation announced the addition of CENTR Enhanced, a non-CBD functional sparkling water, to its growing array of health and wellness products.
• July 2022 – As a part of Flow Beverage Corp.’s most recent product launch, the Flow Vitamin-Infused Water range of products was offered to consumers in three new organic flavors: Cherry, Citrus, and Elderberry.
• March 2022 – Nirvana Water Sciences Corp.  introduced their Nirvana HMB + Vitamin D3 spring water as part of Expo West in Anaheim, California. Nirvana HMB + Vitamin D3 is one of the most recent additions to the repertoire. It provides both muscular rehabilitation and immunological support.
• May 2021 – PepsiCo Inc., a renowned worldwide food and beverage business, introduced Soul boost, improved sparkling water produced with beneficial additives. The drink comes in two flavors: Lift and Ease. The Lift has 200 mg of ginseng, which aids in mental stamina, and Ease contains 200 mg of theanine, which aids in relaxation.
• March 2021 – Nestlé S.A. announced the acquisition of Essentia Water, a premium functional water brand located in Washington. The company’s portfolio is being expanded to include international mineral and premium water brands, as well as healthy hydration products such as functional water.

Uncover all the data—grab the full report today.

Key Segments Profiled in the Market

By Type:

• Vitamin
• Protein
• Others

By Distribution Channel:

• Specialty Stores
• Supermarket/Hypermarket
• Online Stores
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

 

The processed meat market is predicted to develop at an impressive 6.5% CAGR from 2023 to 2033, exceeding the lower 6.1% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the processed meat market, increasing the market value from USD 349.5 billion in 2023 to USD 634.5 billion by 2033.

The demand for fresh processed meat has been driven by varying preservation methods and urban consumers’ preference for convenience. Hot dogs’ popularity and fast-paced lifestyles both contribute to the potential for growth in the worldwide processed meat business, which is supported by current fast-food standards.

The rapid growth of fast-food chains in developed areas, together with low-cost meal plans and promotions, has greatly aided in the rise in processed meat consumption. The inclination for quick meal options and the rising incomes of urban populations have helped to increase the demand for processed meat on the global market.

The demand for ready-to-eat meat fuels the expansion of the processed meat industry, but problems like elevated cholesterol and fat levels, which cause unhealthy lifestyles and rising obesity rates, limit market growth. The industry is further hampered by the difficulty of supplying the rising demand without sacrificing the freshness of the meat.

Key Takeaways

• The processed meat industry in India is expected to develop at a 6.4% CAGR by 2033, driven by changing consumer preferences, urbanization, and rising disposable incomes.
• The market for processed meat in the United Kingdom is projected to increase at a CAGR of 4.6% by 2033, indicating stable expansion supported by rising convenience food demand and changing dietary preferences.
• China’s processed meat industry is expected to expand significantly due to changing lifestyles, a growing middle class, and a need for various dietary options, with an outstanding 10.9% CAGR.
• Australia’s processed meat market is expected to develop at a relatively slower rate, 2.4% CAGR by 2033, due to increased health awareness, interest in plant-based alternatives, and higher regulatory standards.
• Japan’s processed meat market has moderate growth potential, with a CAGR of 3.5% predicted by 2033, thanks to changing consumer preferences, an aging population, and a move towards higher-end, healthier goods.

“Processed meat market research survey, FMI has conducted a thorough and comprehensive analysis of all the significant factors influencing market growth at both regional and global levels.” opines an analyst at FMI.

Competitive landscape

Leading multinational corporations with a significant presence in the processed meat business include Tyson Foods, Inc., JBS SA, Hormel Foods Corporation, and WH Group Limited (formerly Shuanghui International Holdings). To keep a competitive edge, these businesses make use of their broad distribution networks, well-known brands, and economies of scale. In order to launch new product varieties and enhance production procedures, they also make research and development investments.

The competitive environment has taken on a new dimension as plant-based substitutes and vegetarian/vegan diets have become more popular. In order to appeal to the burgeoning market of environmentally conscious and health-conscious consumers, businesses are now diversifying their product lines to include plant-based alternatives to processed meat.

Key Companies Profiled in the Processed Meat Market are

• JBS
• NH Foods Ltd
• Smithfield Foods, Inc.
• Cargill Incorporated
• ConAgra Foods Inc.
• National Beef Packing Company, LLC
• Tyson Foods Inc.
• Cherkizovo Group PJSC
• OSI Group

Recent developments

• The largest cultured meat company in Spain was fully acquired by JBS SA in May 2022, and the company has also chosen a location for a new biotech R&D facility. In a purchase that was first disclosed in November of last year, JBS now holds a 51% share in BioTech Foods, a Spanish producer of cultured meat. On the northern coast of Spain, close to the French border, San Sebastián will have a production facility for cultivated meat. When it starts operating in the middle of 2024, the US$ 40 million factory should have a 1,000-ton capacity annually.
• In place of standard processed meats, a variety of plant-based alternatives have been developed by Beyond Meat that mimic their flavor, texture, and appearance. These goods satisfy the rising demand among consumers looking to cut back on their use of goods derived from animals for healthier and more environmentally friendly solutions.

Uncover all the data—grab the full report today.

Key Segments Covered in the Processed Meat Industry Analysis

By Type:

• Hamburgers
• Fried Sausages
• Kebab
• Chicken Nuggets

By Packaging:

• Chilled
• Frozen
• Canned

By Meat Type:

• Beef
• Pork
• Chicken
• Mutton
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global market for fish meal alternatives achieved a valuation of USD 1,924.2 million in 2023. The market’s primary growth drivers are attributed to its expanding nutritional value and wide-ranging applications. Sales of fish meal alternative products are forecasted to grow robustly at a CAGR of 7.1% from 2023 to 2033, reaching approximately USD 3,674.0 million by the end of 2033.

Consumers are increasingly adopting healthy and vegan food habits due to their numerous health and environmental benefits. Fish meal alternatives are gaining popularity as a means to achieve broad social acceptance and support diets that exclude animal products.

Market Overview: A Sustainable Future for Aquaculture

Traditional fish meal, derived from small fish, has long been a staple in aquaculture feed. However, concerns about overfishing and the environmental impact of this practice are prompting a shift towards sustainable alternatives. Fish meal alternatives, primarily derived from plant-based sources and insect protein, offer a viable solution with a lower environmental footprint.

Demand on the Rise: Ethical and Sustainable Food Production Takes Center Stage

The demand for ethical and sustainable food production practices is fueling the growth of the fish meal alternative market. Consumers are increasingly conscious of the environmental impact of their food choices and are seeking out products raised on sustainable feed sources. This trend is expected to continue, creating a long-term opportunity for fish meal alternative manufacturers.

Several key factors are propelling the fish meal alternative market forward:

• Sustainability Concerns: The environmental impact of traditional fish meal production is a major driver of the market. Fish meal alternatives offer a more sustainable solution, appealing to environmentally conscious consumers and producers alike.
• Rising Protein Demand: Global protein demand is expected to rise in tandem with population growth. Fish meal alternatives offer a valuable source of protein, addressing food scarcity concerns while lowering the carbon footprint of food production.
• Organic Food Boom: The burgeoning demand for organic poultry products is driving the fish meal alternative market. Plant-based alternatives are viewed favorably due to their high protein content, omega-3 fatty acids, and digestibility.

Market Scenario

• The rapid surge in the vegan population in North America has boosted the market growth in several countries. The United States held a global market value of 20.1% dominating the global market for fish meal alternatives.
• The fish meal alternative market in Germany is valued at 7.6% shares of the global market. This rise can be attributed to the rising consumer awareness of the importance of eating healthy food and the rise in health concerns.
• Over the projection period, the fish meal alternative market in India is likely to see a rise in demand with a CAGR of 3.4%. The developments in technology and availability of more realistic alternatives with a higher nutritional value in the global market leads the producers to invest more in emerging economies such as India.
• The fish meal alternative market will increase with a CAGR of 5.3% in the United Kingdom because of the significant optimism about animal activism and welfare.

Competiton among Key Players

FMI identified Archer Daniels Midland, Angel Yeast Co. Ltd, Cargill Corporation, Lallemand Inc., Alltech and Nutreco N.V as the major players in the fish feed alternative market. These players are continuously working towards developing strategies to launch new products and innovate new techniques to diversify their customer base.

The market is expected to attract many investments from both established players and startups in the forecast period. Market players are aiming to expand their market presence by adopting strategies such as partnerships, collaborations, acquisitions and mergers to increase their revenue share.

For instance,

• Archer-Daniels-Midland Company ADM announced expansion plans in April 2022 to meet the growing demand for alternative proteins. ADM intends to invest approximately $300 million to expand its alternative protein production in Decatur, Illinois.
• Cargill announced in March 2022 that it will attempt to incorporate algal oil into all feed delivered to the Norwegian market. Algae oil is one of the few alternative ingredients for aquaculture that can replace fishmeal and oil without sacrificing omega-3 levels.
• In June 2023, Angel Yeast signed a partnership agreement with PhaBuilder to widen the scope of synthetic biology.
• 2023 Alltech Agri-food Outlook released by Alltech highlighted the global feed production data. It states that despite the challenges faced in 2022, production remained steady in 2022 and feed production in several regions, including Latin America, North America and Oceania increased.

Gain Exclusive Access to Growth Strategies in Fish Meal Alternative Market Grab Your Essential Report

Key Segments of Fish Meal Alternative Industry Survey

Type:

• Organic
• Conventional

Source:

• Plant
• Peas
• Lupins
• Corn
• Rice
• Canola
• Rapeseed
• Barley
• Wheat
• Animal
• Micro-organism

By Application:

• Feed
• poultry
• livestock
• pet food
• Treats
• Fertilizers
• Pharmaceuticals
• Dietary

By Region:

• North America
• Latin America
• Europe
• East Asia

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The immune health supplements market is estimated to be worth USD 25,456.2 million in 2023. The market is expected to reach an astounding USD 63,457.4 million by 2033, representing a CAGR of 10.4% from 2023 to 2033. The rising awareness of overall health and wellness has prompted consumers to prioritize preventive healthcare measures. As individuals increasingly understand the vital role a robust immune system plays in safeguarding their well-being, they are turning to immune health supplements to fortify their defenses.

Elderly people, who are frequently more susceptible to ailments, have become a prominent demographic driving the industry’s expansion. The need for immune-boosting supplements specifically designed to meet the demands of seniors has significantly increased due to an increasing elderly population globally. Additionally, the industry’s growth is strongly related to ongoing developments in dietary supplements.

While the immune health supplements industry enjoys robust growth, it has challenges and restraints. One notable restraint is the intensifying competition within the market. As more companies enter the space to capitalize on the growing demand for these supplements, competition for market share has become fierce. This heightened competition can make it challenging for individual brands to maintain their competitive edge.

The immune health supplements industry presents several exciting opportunities for growth. One notable opportunity lies in the growing preference for natural and herbal immune supplements. Consumers are increasingly turning to herbal supplements like elderberry, echinacea, and astragalus due to their perceived natural and holistic benefits. Meeting this demand by developing and marketing high-quality herbal products presents a significant opportunity for industry players.

The broader health and wellness trend encourages consumers to seek preventive health measures, including supplement consumption. Educating consumers about the benefits of immune health supplements and how they fit into a holistic wellness routine is a promising avenue for growth.

One of the ongoing trends shaping the immune health supplements industry is the surge in demand for elderberry supplements. These supplements are experiencing increased popularity due to their antioxidant and immune-boosting properties. Manufacturers are seizing this opportunity by introducing new elderberry-based products to cater to the growing demand. Furthermore, the importance of vitamin D in immune function has come into focus, particularly in regions with limited sun exposure. Products fortified with vitamin D are on the rise, and consumers are showing heightened interest in these formulations, driving further innovation in this segment.

Key Takeaways from the Immune Health Supplements Market:

• Immunity booster powder is poised for significant growth, capturing a substantial market share.
• Herbal supplements are expected to witness rapid growth, driven by awareness of their benefits.
• Pharmacies and drug stores are expected to experience increased demand for immune support products.
• Gummies and powders in the immune health segment are on the rise.
• The United States dominates the global market with a 22.6% share, driven by a health-conscious population and research and development efforts.
• Germany has a 6.5% market share and is known for its quality standards and preference for herbal supplements.
• Japan holds a 3.2% market share due to an aging population and a focus on traditional ingredients.
• Australia focuses on natural and sustainable products, holding a 3% market share.
• China’s significant market share of 10.5% is driven by a massive population and health awareness.
• India accounts for 6.4% of the market share, with eCommerce platforms driving growth.

Owing to rising health concerns, consumers are rapidly inclining towards the consumption of those products that would provide them with immunity-boosting properties. This factor is projected to drive growth in the immune health supplements market,” says a Future Market Insights analyst.

Competitive Landscape of the Immune Health Supplements Industry

The immune health supplements industry is a bustling arena featuring a multitude of players vying for a slice of the market share. In this industry, pharmaceutical behemoths like Bayer AG, armed with global reach and robust research and development capabilities, offer diverse immune support products. Pfizer Inc., renowned in healthcare, capitalizes on its trusted name to promote its immune support offerings. Swisse Wellness Pty Ltd., with its premium wellness products and focus on natural ingredients, stands tall as a formidable competitor. Glaxo SmithKline Inc., a leading pharmaceutical player, leverages its research expertise and worldwide presence to further intensify competition.

Continuous investments in research and development yield unique immune health supplements, often infused with probiotics and herbal extracts. Personalized supplements tailored to individuals’ health data and genetic profiles are gaining traction for their potential to boost immune support.

Key Companies in the Market

• Bayer AG
• Pfizer Inc.
• Sun Pharmaceuticals Industries Ltd.
• Swisse Wellness Pty Ltd.
• Glaxo SmithKline Inc.
• Abbott Laboratories
• Amway Corp
• The Nature’s Bounty Co.
• Herbalife Nutrition of America, Inc.
• Himalaya Global Holdings Ltd
• American Health
• Unilever
• Sanofi
• Danone SA
• Nestle SA

Recent Developments in the Immune Health Supplements Market:

• Glanbia plc, a global nutrition and wellness company, announced in February 2023 that it acquired the probiotics company BioGaia for around US$ 1.7 billion.
• Nature’s Sunshine Products, a leading direct-selling health and wellness company, launched in March 2023 a new line of immune health supplements called ‘Immune Defense.’
• NOW Foods, a leading manufacturer and distributor of dietary supplements introduced in April 2023 a new line of immune health supplements called ‘NOW Immune.’
• Jamieson Wellness, a leading Canadian manufacturer and distributor of vitamins and supplements, launched in May 2023 a new product called ‘Jamieson Immune Defense.’
• Solgar, a leading manufacturer and distributor of dietary supplements, introduced in June 2023 a new product called ‘Solgar Immune Support.

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Key Segments

By Product Type:

• Vitamin & Mineral Supplements
• Herbal Supplements
• Probiotic Supplements
• Amino Acids & Proteins
• Omega-3 Fatty Acids
• Others

By Form:

• Powder
• Liquid
• Capsules & Soft Gels
• Tablet
• Pills
• Gummies
• Bars

By Customer Orientation:

• Men
• Women
• Senior Citizen
• Others (Kids & Toddlers)

By Sales Channel:

• Hypermarkets/Supermarkets
• Convenience Stores
• Departmental Stores
• Pharmacies & Drug Stores
• Online Retail Stores
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa

About Future Market Insights (FMI)

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