The Elderberry Supplements Market has witnessed a remarkable surge, with revenues estimated at US$ 1.1 billion in 2022 and projected to grow at a CAGR of 8.9% from 2023 to 2033, as per a recent Future Market Insights report. By the end of 2033, the market is anticipated to reach a valuation of US$ 2.9 billion, with capsule-type supplements dominating the market at a projected CAGR of 8.8% over the same period.
Elderberry supplements are available in various forms, including capsules, liquids, syrups, gummies, teas, lozenges, and powder, primarily renowned for their immunity-boosting properties owing to their rich vitamin and antioxidant content.
Elderberry supplements have gained traction as a means to prevent and treat cold symptoms such as fever and fatigue during flu season, with a study of over 300 airplane passengers during flu season revealing faster recovery among those who took elderberry supplements. Moreover, consumer preference for immunity-boosting supplements has been further accentuated by the impact of COVID-19, with 25% of U.S. consumers associating elderberry supplements with immunity. During the pandemic, elderberry supplement sales surged by 169%, reaching up to US$ 265.8 million in the U.S., and are expected to remain popular post-pandemic due to a shift in consumer behavior.
Key players in the market, including Jarrow Formulas, Inc., Solgar, Inc., Nature’s Bounty, and others, are responding to the increasing demand for organic and vegan options by manufacturing elderberry supplements in various forms and launching new products to cater to evolving consumer needs.
Recent market developments include the launch of an organic version of elderberry extract by Spain-based Nektium, the introduction of a new black elderberry tonic by Gaia Herbs, and the addition of vegan elderberry supplements to the product line of U.S.-based company Cymbiotika. These developments underscore the industry's commitment to meeting consumer demand for natural and organic ingredients.
Future Market Insights offers an unbiased analysis of the Elderberry Supplements Market, providing historical market data (2018-2022) and forecast statistics for the period from 2023 to 2033, including extensive segmentation by form, end-use industry, distribution channel, and region.
The Elderberry Supplements Market continues to show promising growth prospects, with ongoing market coverage in the food and beverage domain, including projections for the herbal supplement industry, calcium supplements market, gut health supplement sales, algae-based supplement market, and L-carnitine supplements market.
The future of the Elderberry Supplements Market is poised for substantial growth, presenting significant opportunities for industry players and consumers alike.
