Cold and Flu Supplements Market Statistics 2030:
Cold and flu supplements are safe and effective drugs that are available at local stores and pharmacies and sold without prescription as over-the-counter medicines. The supplements contain antihistamines, cough suppressants, decongestants, and pain relievers.
Echinacea is an herbal supplement associated with the prevention and treatment of colds. This plant is endorsed as an immune system stimulant. Elderberry is commonly used for treating the flu, as it exhibits antioxidant and immune-modulating properties. Many patients take garlic as a preventative for the common cold. Both Panax ginseng and Panax quinquefolium have been evaluated for their use in upper respiratory tract infections. Vitamin C is a water-soluble vitamin that has an important role in various physiological processes. Zinc inhibits the replication of the cold virus. Owing to these effects, zinc supplements are thought to be effective in preventing and treating common cold.
COVID-19 Impact Analysis
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the cold and flu supplements market.
Top Impacting Factors
- Changing lifestyle along with easy access to supplements through offline and online stores has been generating demand for cold and flu supplements.
- Furthermore, improving buyers’ knowledge about the medicinal properties of several natural ingredients is driving the demand for cold and flu supplements.
- Moreover, increasing purchasing power of the consumers is projected to raise the spending on cold and flu supplements.
- To boost immunity and prevent the occurrences of diseases, the demand cold and flu supplements have been increasing among consumers.
- The growing government’s supports to offer free flu immunization is propelling the growth of the cold and flu supplements market.
- Moreover, the growing aging population all across the globe is likely to boost the global market growth during the forecast period.
Market Trends
New product launches to flourish the market
June 09, 2020 Rapid Nutrition has been awarded an Innovation Connections grant to further develop and commercialize the formula. Sponsored by the Australian Government, the grant will facilitate a partnership between Rapid Nutrition and one of Australia’s leading universities for ongoing clinical trials.
On August 1, 2019, GSK announced that it would completed transaction with Pfizer to combine consumer healthcare businesses into a new world-leading Consumer Healthcare Joint Venture. Within three years of the closing of the transaction, it intends to separate the Joint Venture via a demerger. With future intention to separate, the transaction presents a clear pathway to create a new global pharmaceuticals/vaccines company, and a new world-leading consumer healthcare company.
Surge in usage to enhance immunity
Products or supplements categorized with natural and immunity-boosting claims have a wide opportunity among the consumers as they highlight the buyers’ requirements. The cold and flu supplements are available in different popular forms such as tablets and capsules. Product innovations and brand extensions have been leading the growth of the cold and flu supplements industry. In addition, the outbreak of COVID-19 has severely increased the sales of preventive products, such as vitamins and minerals supplements across the globe. Especially, the demand for vitamin C has been witnessing a remarkable increase.
Key Benefits of the Report
- This study presents the analytical depiction of the cold and flu supplements along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Cold and Flu Supplements Report
- Which are the leading players active in the cold and flu supplements market?
- What are current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is "Cold and Flu Supplements "?
- What is "Cold and Flu Supplements” Market prediction in the future?
- Who are the leading global players in the "Cold and Flu Supplements” Market?
- What are the current trends and predicted trends?
- What are the key benefits of the "Cold and Flu Supplements” Market report?
Cold and Flu Supplements Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By End User |
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 By Region |
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 Key Market Players | Himalaya Global Holdings Ltd., Pfizer Inc., FineVine, Flora Inc., Nordic Naturals, klaire labs, The Vitamin Shoppe, Nature's Way Products, LLC, Wakunaga of America co., Ltd., GlaxoSmithKline Plc, Neurobiologix Inc. |
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