USD 53.01 billion
Nutraceutical & Vaccine Market Size, Share, Growth Analysis, By Type(Nutraceutical and Vaccine), By End-User(Adult and Children), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2337 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
59
|Figures:
75
Nutraceutical & Vaccine Market Insights
Global Nutraceutical & Vaccine Market size was valued at USD 53.01 billion in 2022 and is poised to grow from USD 57.04 billion in 2023 to USD 102.49 billion by 2031, growing at a CAGR of 7.60% during the forecast period (2024-2031).
The global nutraceutical and vaccine market has witnessed significant growth in recent years. Nutraceuticals, which encompass functional foods, dietary supplements, and herbal products, are gaining popularity due to their potential health benefits and preventive properties. Rising consumer awareness regarding the importance of nutrition and wellness has fueled the demand for nutraceutical products. On the other hand, the vaccine market has experienced a surge in demand, driven by increased emphasis on disease prevention, advancements in vaccine technology, and expanding immunization programs worldwide. Governments worldwide are committed to ensuring universal access to immunization, regardless of social or economic status. In May 2012, the World Health Organization (WHO) introduced the 'Global Vaccine Action Plan (GVAP),' which received authorization from 194 member states of the World Health Assembly. This plan focuses on strengthening routine immunization to prevent the spread of communicable diseases. Regular assessments are conducted to evaluate progress in meeting national vaccination coverage goals. The involvement of government and non-governmental organizations has become increasingly important in this field, providing a significant boost to the sector. UNICEF and the WHO have published guidelines, such as the comprehensive Multi-Year Plan (cMYP), which aims to ensure equal access to vaccination and increase stakeholder participation. Financial strategies are developed to assess program costs and enhance accountability. The global immunization coverage has steadily increased, leading to a thriving market. In 2014, 115 million infants worldwide received the Diphtheria, Pertussis, and Tetanus (DPT3) vaccine, with approximately 129 countries achieving nearly 90% vaccination coverage for DPT3. Nutraceuticals are products that offer additional nutrition and health benefits to the body. They include fortified nutrients like taurine, CoQ10, omega-3, calcium, zinc, and antioxidants, which contribute to overall well-being. Nutraceuticals are known to prevent various medical conditions, including hypertension, diabetes, heart diseases, and allergies. As consumers increasingly prioritize their health and well-being, the demand for nutraceuticals is rising globally. Consumers believe that proper nutrition can reduce healthcare expenses and social security costs, thereby benefiting governments and promoting a healthier population.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Nutraceutical
Fastest Growth
Vaccine
Growth Rate
7.60% CAGR
Global Nutraceutical & Vaccine Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Nutraceutical & Vaccine Market Segmental Analysis
Global Nutraceutical & Vaccine market is segmented by type, platform, and region. Based on type, the market can be segmented into nutraceutical, and vaccine. Based on platform, the market is segmented into adult and children. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Nutraceutical & Vaccine Market Analysis by Type
By type, the market can be segmented into nutraceutical, and vaccine. The nutraceutical segment dominated the market. This is due to the rising demand for natural and organic supplements to address various health concerns such as weight management, cognitive health, and immune system health. Functional foods and beverages are also significant segments of the nutraceutical market, and are expected to continue growing due to their convenience and ease of consumption.
The vaccine segment is fastest growing segment in the market, which are designed to prevent infectious diseases such as influenza, HPV, and hepatitis. This is due to the increasing global emphasis on vaccination programs to prevent the spread of diseases, especially in developing countries. Combination vaccines, which provide immunity against multiple diseases, are also a significant segment of the vaccine market. The therapeutic vaccine segment, which aims to treat diseases such as cancer and autoimmune disorders, is a smaller but fast-growing segment of the market.
Global Nutraceutical & Vaccine Market Analysis by End-User
By end-user, the market can be segmented into adult, and children. The adult segment dominates both the nutraceutical and vaccine markets, as adults make up the largest segment of the population. In the nutraceutical market, adults are the primary consumers of dietary supplements, functional foods, and functional beverages, as they seek to improve their overall health and wellness. In the vaccine market, adults are the primary target for prophylactic vaccines, as they are more susceptible to infectious diseases due to a weakened immune system.
The fastest-growing segment in the nutraceutical market is the children's segment, driven by rising awareness among parents about the importance of proper nutrition and supplementation for their children's health. Parents are increasingly seeking out natural and organic supplements to address various health concerns such as growth and development, cognitive health, and immunity in their children. In the vaccine market, the fastest-growing segment is also the children's segment, as governments and healthcare providers are increasingly prioritizing childhood vaccination programs to prevent the spread of infectious diseases and ensure healthy development.
Global Nutraceutical & Vaccine Market Size By Type (%)
To get detailed analysis on other segments, Request For Free Sample Report
Nutraceutical & Vaccine Market Regional Insights
North America dominated the global nutraceutical and vaccine market, with a significant market share. The region's dominance can be attributed to several factors, including a well-established healthcare infrastructure, robust research and development activities, high consumer awareness about health and wellness, and favorable government regulations. The United States, in particular, plays a crucial role in driving market growth in North America, owing to its strong pharmaceutical industry and extensive vaccine manufacturing capabilities.
The Asia-Pacific (APAC) region is experiencing rapid growth and is considered one of the fastest-growing markets for nutraceuticals and vaccines. Factors contributing to this growth include a large population base, increasing disposable incomes, rising healthcare expenditure, and growing awareness about preventive healthcare measures. In APAC, countries like China, India, and Japan are emerging as key players in the market, driven by their expanding healthcare infrastructure, supportive government initiatives, and a rising middle class with a focus on personal well-being.
Global Nutraceutical & Vaccine Market By Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Nutraceutical & Vaccine Market Dynamics
Global Nutraceutical & Vaccine Market Drivers
Increasing emphasis on preventive healthcare
- One significant driver in the global nutraceutical and vaccine market is the increasing emphasis on preventive healthcare. With growing awareness about the importance of maintaining overall well-being and preventing diseases, there is a rising demand for products that offer health benefits and enhance the immune system. Consumers are actively seeking out nutraceuticals and vaccines as part of their proactive approach to healthcare. This driver is fueled by factors such as changing lifestyles, aging populations, and a desire to reduce healthcare costs by preventing illnesses rather than treating them.
Global Nutraceutical & Vaccine Market Restraints
Stringent regulatory frameworks and approval processes
- One notable restraint in the global nutraceutical and vaccine market is the stringent regulatory frameworks and approval processes. The development and commercialization of nutraceuticals and vaccines require rigorous testing, clinical trials, and regulatory approvals to ensure safety, efficacy, and quality. These processes can be time-consuming and costly, posing challenges for market players, especially smaller companies with limited resources. Stringent regulations may also result in delays in product launches and increased compliance costs, hindering market growth and innovation in the nutraceutical and vaccine sectors.
Request Free Customization of this report to help us to meet your business objectives.
Nutraceutical & Vaccine Market Competitive Landscape
The global nutraceutical and vaccine market is characterized by a diverse range of players, including pharmaceutical companies, biotechnology firms, and food and beverage manufacturers. These companies strive to develop innovative products and technologies to gain a competitive edge. Key strategies employed by market players include product launches, mergers and acquisitions, collaborations, and partnerships to expand their market presence and strengthen their product portfolios. Additionally, investments in research and development activities, clinical trials, and regulatory compliance are crucial for sustaining competitiveness in this dynamic market.
Top Player’s Company Profiles in Global Nutraceutical & Vaccine Market
- Pfizer Inc. (US)
- Johnson & Johnson (US)
- Novartis International AG (Switzerland)
- Merck & Co., Inc. (US)
- GlaxoSmithKline plc (UK)
- Sanofi S.A. (France)
- AstraZeneca plc (UK)
- Abbott Laboratories (US)
- Eli Lilly and Company (US)
- Gilead Sciences, Inc. (US)
- Amgen Inc. (US)
- Bristol Myers Squibb (US)
- Moderna, Inc. (US)
- Roche Holding AG (Switzerland)
- Novo Nordisk A/S (Denmark)
- Takeda Pharmaceutical Company Limited (Japan)
- Bayer AG (Germany)
- Astellas Pharma Inc. (Japan)
- Daiichi Sankyo Company, Limited (Japan)
- AbbVie Inc. (US)
Global Nutraceutical & Vaccine Market Recent Developments
- In April 2023, Novartis announced a partnership with Bluebird Bio to develop gene therapies for rare genetic diseases.
- In February 2023, Johnson & Johnson announced the acquisition of Idorsia Pharmaceuticals, a leading provider of treatments for neurological disorders.
- In January 2023, Nestle Health Science announced the launch of its new line of personalized nutrition products, created using AI and other advanced technologies.
- In August 2022, Roche announced the launch of its new oncology drug, Evrysdi, for the treatment of spinal muscular atrophy.
- In June 2022, Danone announced the acquisition of Follow Your Heart, a leading provider of plant-based foods and supplements.
Nutraceutical & Vaccine Key Market Trends
- One key market trend in the global nutraceutical and vaccine industry is the growing demand for personalized and targeted healthcare solutions. Consumers are increasingly seeking products that cater to their specific health needs and genetic makeup. This trend is fueled by advancements in technologies such as genomics, personalized medicine, and data analytics, which allow for customized nutrition and vaccination approaches. Market players are responding to this trend by developing personalized nutraceuticals and vaccines, offering tailored formulations and treatment plans that address individual health concerns and optimize outcomes. This trend reflects the shift towards precision healthcare and the recognition of individual variations in health requirements.
Nutraceutical & Vaccine Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global nutraceutical and vaccine market analysis, the increasing emphasis on preventive healthcare and rising consumer awareness about the importance of overall well-being are driving the demand for nutraceuticals and vaccines. However, stringent regulatory frameworks and approval processes pose challenges for market players, particularly smaller companies. The market is dominated by established players in North America, while the Asia-Pacific region is emerging as a fast-growing market with untapped potential. Personalized and targeted healthcare solutions are gaining traction, reflecting the trend towards precision medicine and individualized treatment approaches.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 53.01 billion |
| Market size value in 2031 | USD 102.49 billion |
| Growth Rate | 7.60% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Nutraceutical & Vaccine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Nutraceutical & Vaccine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Nutraceutical & Vaccine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nutraceutical & Vaccine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nutraceutical & Vaccine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nutraceutical & Vaccine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
