The fertility supplement market witnessed a notable year-on-year growth rate of 8.3%, amounting to 243,820 metric tons. Projections indicate a sustained momentum with a significant Compound Annual Growth Rate (CAGR) of 8.3% through 2031, leading to a market valuation of USD 4,382 million.
Research conducted by the American Society for Reproductive Medicine highlights that male partners contribute to infertility in approximately 40% of infertile couples. Moreover, pharmaceutical interventions, including fertility supplements like herbal, natural, and vegan variants, are utilized in the treatment of 80%–90% of these cases, thus contributing to the expansion of the fertility supplements market.
Fertility supplements market analysis conducted by FMI encompasses crucial insights such as recent advancements by key manufacturers, projected production capacities, pricing dynamics along the supply chain, and strategies for price optimization across the value chain. Additionally, it includes an economic assessment of fertility supplements manufacturing.
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“Fertility supplement market has a promising future due to the demand for the product among the consumers worldwide. The trend of having an unhealthy diet, increasing sterile cases, and willingness to have children has played important role in promoting the growth of this segment,” – Nandini Roy Choudhury, Client Partner at Future Market Insights
Key Takeaways:
- Because today’s lifestyle causes more harm to the ordinary person than it has ever been, the United States fertility supplements consumer market is predicted to rise at a ( compound annual growth rate) CAGR of 8.9% by the year 2031.
- In 2021, Germany will have a market share of 20.9 percent in the Europe region of the fertility supplement industry, with an 8.6 percent annual growth rate over the analysis period.
- India has a market share of about 42.1 percent in the South Asian region for the fertility supplements consumer market in the year 2021, with a 10.9 percent growth rate throughout the forecast timeline.
- Brazil’s fertility supplements consumer market will be worth USD 77.0 million in the year 2021 and will grow with a CAGR (Compound annual growth rate) of 7.1% through 2031.
- Fertility supplement product sales in China are expected to account for about 51.6 percent of the whole East Asian region of the market in the year 2021, with an annual growth rate of 7.6%.
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Way ahead for market’s growth
Owing to the increased consumer demand for fertility supplements in different regions of the world, the competition among various players is growing. Manufacturers are focusing their efforts on R&D to better segment the business scope and market and simultaneously innovate products to keep up with the competitors, such as non-GMO, organic, and so on.
Many trends like excessive smoking, unhealthy lifestyle, and rising rate of sterile cases have been major drivers for this market segment growth. Companies are working on innovation to bring products that best suits their consumers, have no harmful reactions and are safe for consumption with the best effect towards fertility. Owing to the introduction of new products and technological advancements such as fitness trackers, nutrition trackers, and others in the medical and healthcare industry, the natural fragment of the fertility supplements consumer market is valued at US$ 1,057.3 Mn and is expected to grow at a rate of 56.7 percent by the year 2031. Increased use of plant-extracted products to maintain a healthy lifestyle and reduced risk of adverse reaction is estimated to propel the growth of this segment even further.
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Market Segments Covered in Fertility Supplements Industry Analysis
By Type :
- Capsules
- Soft gels
- Powders
- Liquids
- Others
By Form :
- Natural
- Synthetic
- Blend
By End User :
- Men
- Women
By Sales Channel :
- Over the counter
- Prescribed
Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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