The Future Market Insights report on the Elderberry Supplements Market reveals that global sales totaled USD 1.1 billion in 2022. With a projected growth rate of 8.9% from 2023 to 2033, the market is anticipated to reach USD 2.9 billion by the end of the forecast period. Among the various forms of elderberry supplements, capsules are expected to generate the highest revenue, with a forecasted CAGR of over 8.8% from 2023 to 2033.
Elderberry supplements are experiencing rising demand due to their notable health benefits, including alleviating flu symptoms and enhancing immune function. Packed with vitamins, antioxidants, and flavonoids, these supplements bolster immune health and neutralize free radicals. The COVID-19 pandemic has further intensified the demand for immune-boosting products, leading to a significant increase in sales of elderberry supplements.
Elderberry supplements come in a variety of forms, including capsules, liquids, syrups, gummies, teas, lozenges, and powders. These supplements are predominantly used for boosting immunity, thanks to their high content of vitamins and antioxidants.
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Growing Factors:
- Health Benefits: Elderberry supplements are known for their immune-boosting properties, aiding in flu prevention and symptom alleviation. The rise in flu cases globally and the increased awareness of the importance of immunity have contributed to the growing demand for elderberry supplements.
- COVID-19 Impact: The pandemic has led to a substantial increase in demand for elderberry supplements, with sales witnessing significant growth. Changed consumer behavior towards health supplements is expected to sustain post-pandemic, driving continued demand for elderberry supplements.
- Cholesterol Management: Research suggests that elderberry supplements may help lower blood cholesterol levels, presenting an additional benefit that can drive market growth, especially in regions with high cholesterol prevalence.
Key Takeaway for Investors:
- Lucrative Growth Potential: The elderberry supplements market offers promising growth prospects, with a projected CAGR of 8.9% and a valuation of $2.9 billion by 2033. Investors can capitalize on this growth trajectory by investing in companies involved in elderberry supplement production and distribution.
- Health and Wellness Trends: The increasing focus on health and wellness, coupled with the demand for immunity-boosting supplements, presents attractive opportunities for investors. Elderberry supplements, with their proven health benefits, are well-positioned to capitalize on these trends.
- Regional Analysis: Regions like North America, the United Kingdom, South Korea, and China offer significant growth opportunities in the elderberry supplements market. Investors should explore investment opportunities in companies operating in these regions to maximize returns.
- Product Form and Application: Capsules are expected to witness the fastest growth in the elderberry supplements market, presenting investment opportunities in companies specializing in capsule formulations. Additionally, the pharmaceutical industry is projected to witness significant growth in elderberry supplement sales, emphasizing the medicinal benefits of these supplements.
Competitive Analysis:
Key players in the Elderberry Supplements Market
- Jarrow Formulas, Inc.
- Solgar, Inc.
- Nature’s Bounty
- Ancient GreenFields Pvt. Ltd.
- Gaia Herbs
- Now Foods
- Archer Daniels Midland Company
- Glanbia plc
- Blackmores
- Nutraceutical International Corporation
The companies are manufacturing elderberry supplements in the form of capsules, syrups, and gummies. They are also launching new products to match up with the consumers’ needs for organic and vegan options for these immunity supplements.
A few of the recent developments in the Elderberry Supplements Market are:
- In August 2022, Spain-based Nektium launched an organic version of elderberry extract to match up with the growing demand for natural and organic ingredients from consumers.
- In July 2021, S. brand Gaia Herbs launched a new black elderberry tonic to expand its line of best-selling elderberry products. The product got certification from USDA as an organic immunity health product to support daily immunity needs.
- In November 2020, a U.S.-based company Cymbiotika added new vegan elderberry supplements to their product line named Liposomal Elderberry Defense. They announced it to be the first elderberry supplement produced with their patented liposomal delivery system.
- In July 2020, S. brand Gaia Herbs launched three USDA-certified Organic black elderberry gummies for extra strength, daily immunity requirements, and children’s health.
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Segmentation of the Elderberry Supplements Market
By Form:
- Capsules
- Liquid
- Gummies
- Syrups
- Teas
- Lozenges
- Powder
- Others
By End Use Industry:
- Food & beverages
- Pharmaceuticals
By Distribution Channel:
- Supermarkets and Hypermarkets
- Drug Stores and Pharmacies
- Online Sales
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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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.
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