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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
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
Questions Answered in the Cold and Flu Supplements Report
Cold and Flu Supplements Market Report Highlights
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Key Market Players | GlaxoSmithKline Plc, The Vitamin Shoppe, Nordic Naturals, Wakunaga of America co., Ltd., Pfizer Inc., klaire labs, Himalaya Global Holdings Ltd., Nature's Way Products, LLC, Neurobiologix Inc., FineVine, Flora Inc. |
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