The Latin America, Middle East and Africa Immunity Boosting Food Market would witness market growth of 11.1% CAGR during the forecast period (2023-2029).
Supplement sales for immune health are being driven by rising sales of mineral and vitamin products as well as a growing consumer focus on preventative healthcare. Consumption of immune-boosting foods has increased due to consumers' increased awareness of their health and dietary supplements. As a result, consumer preferences for the supplement's form are evolving as dietary supplement items have become an essential component of their daily diet.
Recent years have seen a significant economic shift in emerging nations. Consumers' knowledge of health issues and dietary supplement use has also grown. As a result, immunity-boosting foods consumption is significantly rising in many developing nations. The availability of numerous supplement items, including immune health supplements, has expanded due to large international firms concentrating on providing their goods to developing economies. In these nations, the market environment for products containing immune health supplements is improving due to increased consumer purchasing power and the availability of various brands.
Non-communicable diseases, such as heart disease (increased by 44%), diabetes (up 87%), and stroke (up 35%), are now responsible for a greater number of early deaths and disabilities in the Middle East and North Africa region than they did in the past. Poor diets, high blood pressure, a high body mass index, and smoking are all potentially preventable risk factors adding to the region's rising non-communicable disease burden.
The Brazil market dominated the LAMEA Immunity Boosting Food Market by Country in 2022; thereby, achieving a market value of $769.2 million by 2029. The Argentina market is exhibiting a CAGR of 11.7% during (2023 - 2029). Additionally, The UAE market would experience a CAGR of 10.8% during (2023 - 2029).
Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarkets & Hypermarkets, Convenience Stores and Online Sales Channel. Based on Nature, the market is segmented into Conventional and Organic. Based on End Use, the market is segmented into Adults and Infants & Children. Based on Product, the market is segmented into Superfoods, Probiotics & Prebiotics and Dairy-based Products. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Immunity Boosting Food Market is Projected to reach USD 39.4 Billion by 2029, at a CAGR of 7.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Fonterra Co-operative Group Limited, Associated British Foods PLC (Wittington Investments Limited), Olam International Limited, Dole plc, Conagra Brands, Inc. (Pinnacle Foods Corp), Cargill, Incorporated, Blue Diamond Growers, Inc., Diamond Foods, LLC (Blue Road Capital), and Hines Nut Company
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