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.
Products made from plants are healthier and safer than those made from animals. The need for plant-based iron supplements is being driven by the growing acceptance of veganism on a global scale. The main factors contributing to the increasing demand for plant-based iron supplements are their expanding consumer appeal and their wide range of applications.
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There is evidence that using iron supplements made from plants lowers the body’s reserves of the mineral. The effects of several forms of iron supplements on absorption were examined in a study that was published in the Journal of Nutrition. Although past research revealed that plant-based iron supplements are not as effectively absorbed as those made from animals, this new study shows that they may still have some advantages.
Compared to animal-based iron supplements, plant-based supplements are frequently less expensive and more widely available, making them a suitable choice for anyone searching for an inexpensive way to supplement their diet. The market for plant-based iron supplements will grow over the next ten years as a result of consumers’ rising wants.
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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