The plant-based iron supplements market is expected to grow at a 5.4% CAGR between 2022 and 2032. It is anticipated that the market for plant-based iron supplements would reach a valuation of US$ 352.9 million by 2032, up from US$ 208.5 million in 2022.
Plant-based products are healthier and safer than animal products. The need for plant-based iron supplements is being driven by the growing acceptance of veganism on a global scale. The main factors driving increased demand for plant-based iron supplements are their wide range of applications and rising consumer appeal.
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There is evidence that the body’s iron reserves fall after taking iron supplements made of plants. The effects of various forms of iron supplements on absorption were examined in a study that was published in the Journal of Nutrition. Although other studies have indicated that plant-based iron supplements are not as well absorbed as those obtained from animals, this recent study reveals that plant-based iron supplements may still offer some benefits.
For those seeking a low-cost way to supplement their diet, plant-based iron supplements are an excellent choice because they are frequently more available and affordable than animal-based supplements. The market for plant-based iron supplements will develop over the next ten years as a result of rising customer 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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