The plant-based iron supplements market is anticipated to expand between 2022 and 2032 at a CAGR of 5.4%. The market for plant-based iron supplements is expected to be worth US$ 208.5 million in 2022 and US$ 352.9 million by 2032.
Compared to animal products, plant-based products are safer and healthier. The increasing global acceptance of veganism is driving the demand for plant-based iron supplements. The broad range of applications and growing consumer appeal of plant-based iron supplements are the primary drivers driving greater demand for them.
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There is proof that taking plant-based iron supplements causes the body’s iron reserves to decrease. A study that was published in the Journal of Nutrition looked at the effects of several types of iron supplements on absorption. This new study suggests that plant-based iron supplements may still have some benefits even if previous research has shown that they are not as well absorbed as those derived from animals.
Plant-based iron supplements are often more affordable and accessible than animal-based supplements, which makes them a good option for anyone looking for a low-cost approach to complement their diet. Over the next 10 years, the market for plant-based iron supplements will expand due to growing consumer demand.
Another issue affecting the sales of plant-based iron supplements is the growing popularity of plant-based diets. More and more people are attempting to reduce their meat consumption for moral, environmental, or health-related reasons. As a result, they are increasingly depending on nutrient-rich plant sources, such as iron. In an effort to stay ahead of market trends, producers of plant-based iron supplements are developing inventive ways to include their goods into a range of processed foods.
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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