This report titled Iron Supplements Market - Growth, Future Prospects, and Competitive Analysis, 2022 - 2030 offers strategic insights into the trends in the global iron supplements market along with the market size and forecast for the duration 2020 to 2030. The said research study incorporates in-depth analysis of multiple market segments based on form, application and geographical distribution.
The global iron supplements market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across Asia Pacific, North America, and Europe.
Based on product form, the global iron supplements market is categorized into tablet, liquid, capsules, syrup, and others (gel caps and soft gels). On the basis of application, this segment is further categorized into additional supplements, sports nutrition, and medicinal supplements.
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global iron supplements market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in manufacturing of acoustic insulation. The major companies profiled in this report include Cipla Medpro, FoodState, Inc., Glanbia PLC, Keryx Biopharmaceuticals, Inc., Mead Johnson & Company, LLC., Mission Pharmacal Company, Mylan N.V., NOW Foods, Rexall Sundown, Inc., Sanofi Aventis, Solgar Inc., and Strides Shasun Limited.
By product form, iron supplements market is categorized into tablet, liquid, capsule, syrup and other forms. Among these, tablet and capsule segments together dominated the market in terms of revenue share contribution in 2021 and is further expected to remain dominant during the forecast period of 2022 to 2030. The market is witnessing growth on account of increasing focus on healthy lifestyles, rise in disposable incomes in emerging economies, and rising awareness about wellness products and shift from care to preventive health. Moreover, these are the most convenient form of iron intake. New packaging and product availability on various distribution channels with healthier and safer formulations is another factor contributing towards the market growth.
Among the considered applications, additional supplements segment holds the largest market share in 2016 of 71.13% and is expected to maintain its dominance throughout the forecast period. Increasing population of people suffering from various forms of iron deficiency is the major factor driving the market growth. According to World Health Organization (WHO), two billion people over 30% of the world population are anemic, many due to iron deficiency. Furthermore, rising awareness towards maintaining a healthy lifestyle among adults, and availability of the product on various distribution channels are other factors contributing towards the market growth. Increasing prevalence of premature births on the global level is expected to promote the use of medicinal supplements over the forecast period.
North America accounted for 34.72% share of the global market and is projected to maintain its dominance during the forecast period. This growth has been attributed primarily to the rising prevalence of iron deficiency and favorable government policies. Moreover, the presence of large multinationals is making iron supplements products more accessible to the consumers. The U.S. is the largest market and is projected to grow at a rate of 8.9% from 2022 to 2030. Europe has shift towards healthy lifestyle, growing healthcare costs, and rising aging population are some of the factors driving the growth of iron supplements market in Europe. Rest of Europe offers untapped market potential over the forecast period. Asia Pacific accounted for 29.80% share of the market and is projected to witness fastest growth. Rise in disposable income coupled with increase in consumer awareness and extensive product availability are the major factors driving the market growth.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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The global iron supplements market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across Asia Pacific, North America, and Europe.
Based on product form, the global iron supplements market is categorized into tablet, liquid, capsules, syrup, and others (gel caps and soft gels). On the basis of application, this segment is further categorized into additional supplements, sports nutrition, and medicinal supplements.
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global iron supplements market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in manufacturing of acoustic insulation. The major companies profiled in this report include Cipla Medpro, FoodState, Inc., Glanbia PLC, Keryx Biopharmaceuticals, Inc., Mead Johnson & Company, LLC., Mission Pharmacal Company, Mylan N.V., NOW Foods, Rexall Sundown, Inc., Sanofi Aventis, Solgar Inc., and Strides Shasun Limited.
By product form, iron supplements market is categorized into tablet, liquid, capsule, syrup and other forms. Among these, tablet and capsule segments together dominated the market in terms of revenue share contribution in 2021 and is further expected to remain dominant during the forecast period of 2022 to 2030. The market is witnessing growth on account of increasing focus on healthy lifestyles, rise in disposable incomes in emerging economies, and rising awareness about wellness products and shift from care to preventive health. Moreover, these are the most convenient form of iron intake. New packaging and product availability on various distribution channels with healthier and safer formulations is another factor contributing towards the market growth.
Among the considered applications, additional supplements segment holds the largest market share in 2016 of 71.13% and is expected to maintain its dominance throughout the forecast period. Increasing population of people suffering from various forms of iron deficiency is the major factor driving the market growth. According to World Health Organization (WHO), two billion people over 30% of the world population are anemic, many due to iron deficiency. Furthermore, rising awareness towards maintaining a healthy lifestyle among adults, and availability of the product on various distribution channels are other factors contributing towards the market growth. Increasing prevalence of premature births on the global level is expected to promote the use of medicinal supplements over the forecast period.
North America accounted for 34.72% share of the global market and is projected to maintain its dominance during the forecast period. This growth has been attributed primarily to the rising prevalence of iron deficiency and favorable government policies. Moreover, the presence of large multinationals is making iron supplements products more accessible to the consumers. The U.S. is the largest market and is projected to grow at a rate of 8.9% from 2022 to 2030. Europe has shift towards healthy lifestyle, growing healthcare costs, and rising aging population are some of the factors driving the growth of iron supplements market in Europe. Rest of Europe offers untapped market potential over the forecast period. Asia Pacific accounted for 29.80% share of the market and is projected to witness fastest growth. Rise in disposable income coupled with increase in consumer awareness and extensive product availability are the major factors driving the market growth.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Iron Supplements market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Iron Supplements market and their expected impact during the forecast period.
Market Segmentation
Product
- Tablet
- Liquid
- Capsules
- Syrup
- Others (Gel caps and soft gels)
Application
- Additional Supplements
- Sports Nutrition
- Medicinal Supplements
Key Questions Answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Iron Supplements market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Iron Supplements market?
- Which is the largest regional market for Iron Supplements market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Iron Supplements market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Iron Supplements market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Iron Supplements Market
2.2. Global Iron Supplements Market, By Product, 2021 (US$ Million)
2.3. Global Iron Supplements Market, By Application, 2021 (US$ Million)
2.4. Global Iron Supplements Market, By Geography, 2021 (US$ Million)
2.5. Impact of Covid 19
2.6. Attractive Investment Proposition by Geography, 2021
2.7. Competitive Analysis
2.7.1. Market Positioning of Key Iron Supplements Market Vendors
2.7.2. Strategies Adopted by Iron Supplements Market Vendors
2.7.3. Key Industry Strategies
3. Iron Supplements Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Iron Supplements Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Iron Supplements Market: By Product, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Tablet
4.3.2. Liquid
4.3.3. Capsules
4.3.4. Syrup
4.3.5. Others (Gel caps and soft gels)
5. Iron Supplements Market: By Application, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Additional Supplements
5.3.2. Sports Nutrition
5.3.3. Medicinal Supplements6. North America Iron Supplements Market, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Iron Supplements Market: By Product, 2020-2030, USD (Million)
6.3. Iron Supplements Market: By Application, 2020-2030, USD (Million)
6.4.Iron Supplements Market: By Region, 2020-2030, USD (Million)
6.4.1.North America
6.4.1.1. U.S.
6.4.1.2. Canada
6.4.1.3. Rest of North America
7. UK and European Union Iron Supplements Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Iron Supplements Market: By Product, 2020-2030, USD (Million)
7.3. Iron Supplements Market: By Application, 2020-2030, USD (Million)
7.4.Iron Supplements Market: By Region, 2020-2030, USD (Million)
7.4.1.UK and European Union
7.4.1.1. UK
7.4.1.2. Germany
7.4.1.3. Spain
7.4.1.4. Italy
7.4.1.5. France
7.4.1.6. Rest of Europe
8. Asia Pacific Iron Supplements Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Iron Supplements Market: By Product, 2020-2030, USD (Million)
8.3. Iron Supplements Market: By Application, 2020-2030, USD (Million)
8.4.Iron Supplements Market: By Region, 2020-2030, USD (Million)
8.4.1.Asia Pacific
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. India
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Rest of Asia Pacific
9. Latin America Iron Supplements Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Iron Supplements Market: By Product, 2020-2030, USD (Million)
9.3. Iron Supplements Market: By Application, 2020-2030, USD (Million)
9.4.Iron Supplements Market: By Region, 2020-2030, USD (Million)
9.4.1.Latin America
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
10. Middle East and Africa Iron Supplements Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Iron Supplements Market: By Product, 2020-2030, USD (Million)
10.3. Iron Supplements Market: By Application, 2020-2030, USD (Million)
10.4.Iron Supplements Market: By Region, 2020-2030, USD (Million)
10.4.1.Middle East and Africa
10.4.1.1. GCC
10.4.1.2. Africa
10.4.1.3. Rest of Middle East and Africa
11. Company Profile
11.1. Cipla Medpro
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Portfolio
11.1.4. Strategic Initiatives
11.2. FoodState, Inc
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Portfolio
11.2.4. Strategic Initiatives
11.3. Glanbia PLC
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Portfolio
11.3.4. Strategic Initiatives
11.4. Keryx Biopharmaceuticals, Inc.
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Portfolio
11.4.4. Strategic Initiatives
11.5. Mead Johnson & Company, LLC.
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Portfolio
11.5.4. Strategic Initiatives
11.6. Mission Pharmacal Company
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Portfolio
11.6.4. Strategic Initiatives
11.7. Mylan N.V.
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Portfolio
11.7.4. Strategic Initiatives
11.8. NOW Foods
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Portfolio
11.8.4. Strategic Initiatives
11.9. Rexall Sundown, Inc.
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Portfolio
11.9.4. Strategic Initiatives
11.10. Sanofi Aventis
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Portfolio
11.10.4. Strategic Initiatives
11.11. Solgar Inc.
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Portfolio
11.11.4. Strategic Initiatives
11.12. Strides Shasun Limited
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Portfolio
11.12.4. Strategic Initiatives
List of Figures
Figure 1. Global Iron Supplements Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Iron Supplements Market: Quality Assurance
Figure 5 Global Iron Supplements Market, By Product, 2021
Figure 6 Global Iron Supplements Market, By Application, 2021
Figure 7 Global Iron Supplements Market, By Geography, 2021
Figure 8 Global Iron Supplements Market, By Product, 2021 Vs 2030, %
Figure 9 Global Iron Supplements Market, By Application, 2021 Vs 2030, %
Figure 10 U.S. Iron Supplements Market (US Million), 2020 - 2030
Figure 11 Canada Iron Supplements Market (US Million), 2020 - 2030
Figure 12 Rest of North America Iron Supplements Market (US Million), 2020 - 2030
Figure 13 UK Iron Supplements Market (US Million), 2020 - 2030
Figure 14 Germany Iron Supplements Market (US Million), 2020 - 2030
Figure 15 Spain Iron Supplements Market (US Million), 2020 - 2030
Figure 16 Italy Iron Supplements Market (US Million), 2020 - 2030
Figure 17 France Iron Supplements Market (US Million), 2020 - 2030
Figure 18 Rest of Europe Iron Supplements Market (US Million), 2020 - 2030
Figure 19 China Iron Supplements Market (US Million), 2020 - 2030
Figure 20 Japan Iron Supplements Market (US Million), 2020 - 2030
Figure 21 India Iron Supplements Market (US Million), 2020 - 2030
Figure 22 Australia Iron Supplements Market (US Million), 2020 - 2030
Figure 23 South Korea Iron Supplements Market (US Million), 2020 - 2030
Figure 24 Rest of Asia Iron Supplements Market (US Million), 2020 - 2030
Figure 25 Brazil Iron Supplements Market (US Million), 2020 - 2030
Figure 26 Mexico Iron Supplements Market (US Million), 2020 - 2030
Figure 27 Rest of Latin America Iron Supplements Market (US Million), 2020 - 2030
Figure 28 GCC Iron Supplements Market (US Million), 2020 - 2030
Figure 29 Africa Iron Supplements Market (US Million), 2020 - 2030
Figure 30 Rest of Middle East and Africa Iron Supplements Market (US Million), 2020 - 2030
List of Tables
Table 1 Global Iron Supplements Market By Product, 2020-2030, USD (Million)
Table 2 Global Iron Supplements Market By Application, 2020-2030, USD (Million)
Table 3 North America Iron Supplements Market By Product, 2020-2030, USD (Million)
Table 4 North America Iron Supplements Market By Application, 2020-2030, USD (Million)
Table 5 UK and European Union Iron Supplements Market By Product, 2020-2030, USD (Million)
Table 6 UK and European Union Iron Supplements Market By Application, 2020-2030, USD (Million)
Table 7 Asia Pacific Iron Supplements Market By Product, 2020-2030, USD (Million)
Table 8 Asia Pacific Iron Supplements Market By Application, 2020-2030, USD (Million)
Table 9 Latin America Iron Supplements Market By Product, 2020-2030, USD (Million)
Table 10 Latin America Iron Supplements Market By Application, 2020-2030, USD (Million)
Table 11 Middle East and Africa Iron Supplements Market By Product, 2020-2030, USD (Million)
Table 12 Middle East and Africa Iron Supplements Market By Application, 2020-2030, USD (Million)
Companies Mentioned
- Cipla Medpro
- FoodState Inc
- Glanbia PLC
- Keryx Biopharmaceuticals Inc.
- Mead Johnson & Company LLC.
- Mission Pharmacal Company
- Mylan N.V.
- NOW Foods
- Rexall Sundown Inc.
- Sanofi Aventis
- Solgar Inc.
- Strides Shasun Limited.
