The plant-based iron supplements market is expected to grow at a CAGR of 5.4% from 2022 to 2032. The plant based iron supplements market is projected to be valued at US$ 208.5 Million in 2022 and is anticipated to reach US$ 352.9 Million by 2032.
Compared to products made from animals, products made from plants are safer and healthier. The growing acceptability of veganism on a global scale is driving the demand for plant-based iron supplements. The key factors influencing their increased adoption are the rising consumer appeal of plant-based iron supplements and the product’s versatility in terms of application.
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There is proof that taking iron supplements derived from plants causes the body’s iron levels to drop. A study that was written up in the Journal of Nutrition looked at the effects of several types of iron supplements on absorption. This current study reveals that even while earlier studies suggested that plant-based iron supplements are not as efficiently absorbed as those produced from animals, they may still have some benefits.
Iron supplements made from plants are often less expensive and more readily available than those made from animals, making them a good option for anyone looking for a cheap way to supplement their diet. Customers’ desires have increased as a result, which will spur the market for plant-based iron supplements during the next ten years.
The rising acceptance of plant-based diets is another factor influencing the sales of iron supplements derived from plants. For reasons related to their health, the environment, or morality, more and more people are trying to cut back on their meat consumption. They are now relying on plant-based sources of nutrients like iron as a result. Manufacturers of plant-based iron supplements are coming up with creative ways to insert their products into a variety of processed foods in order to keep up with market trends.
Key Takeaways: Plant Based Iron Supplements Market
- India currently has a plant-based iron supplements market share of around 8% in South Asia.
- By type, the ferrous gluconate segment is expected to generate a plant-based iron supplements market share of 4% in 2022.
- Based on application, the sports nutrition segment is set to account for a plant-based iron supplements market share of 2% in 2022.
- During the forecast period, the plant-based iron supplements market in the U.K. is expected to grow at a rapid CAGR of 0%.
- During the forecast period, the Germany plant-based iron supplements market is likely to grow at a high CAGR of 5%.
“Demand for plant based iron supplements is set to surge at a fast pace in recent years owing to a rapidly growing number of vegans and increasing health awareness among consumers. Development of energy-rich offerings and rising need for clean label ingredients, especially in developed countries are projected to spur the market in the next ten years,” says a lead analyst at Future Market Insights.
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Competitive Landscape: Plant Based Iron Supplements Market
Top 5 manufacturers of plant-based iron supplements are Naturelo, Garden of Life, MegaFood, and New Chapter. Together, these companies are currently holding 20% to 30% of the plant-based iron supplements market share.
Companies are using plant-based iron supplements to increase their employees’ health and productivity. Iron is an essential mineral that helps to transport oxygen to cells and produces energy in the body. Unfortunately, iron deficiency is common, especially among women of childbearing age.
Supplementing with iron can help prevent fatigue, improve work performance, and reduce the risk of health problems associated with iron deficiency. With increasing research & development activities and technological advancements, companies are finding new techniques to effectively use plant-based iron supplements to their maximum potential.
Plant-based iron supplements are used by companies like Naturelo. The main source of iron in these supplements comes from plants such as spinach and kale. Some products also include other ingredients such as vitamin C, which can help improve absorption. Iron is an important mineral for maintaining health. It plays an important role in helping to transport oxygen in the blood and supports a healthy immune system. Many people do not get enough iron in their diet and so taking a supplement can be helpful.
Get More Valuable Insights on Plant Based Iron Supplements Market
Future Market Insights, in its new offering, provides an unbiased analysis of Plant-Based Iron Supplements presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study provides valuable insight on the plant-based iron supplements market based by type (ferrous sulfate, ferrous gluconate, ferric citrate, ferric sulfate), by form (tablet, liquid, capsules, syrup) by application (additional supplements, sports nutrition, medicinal supplements), and region.
Frequently Asked Questions
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