ACGrace, Twinlab, NovaFerrum, Ferro Sequels, Nature Made, Mineral BioSciences, Walgreens, Olly Nutrition, Pronova Corporation and Amieson are the major players in the global iron supplements market.
Douglas – Isle of Man, 08 Dec. 2022 (GLOBE NEWSWIRE) — One of the world’s leading comparison search engines, Douglas Insights has added industry trends, projections, drivers, restraints and opportunities for the iron supplements market as part of its latest expansion. Industry experts, organizations, market researchers and analysts can access in-depth data analysis, market research and insights using the full Douglas Insights report. Both market researchers and data analysts can greatly benefit from a comprehensive selection of private and public market reports that include a table of contents, publisher’s rating, price, and publication date.
Market overview
More than 2.32 billion tons of iron supplements were consumed worldwide in 2021, and this number is expected to increase significantly in the coming years. North America was the global market leader in iron consumption in 2021. The increase in chronic diseases caused by the reduction in iron levels in the body has led to an increase in the need for iron supplements. Anemia caused by iron deficiency is the major driver of the iron supplements market. When the body does not absorb enough iron from red blood cells, the condition begins to manifest.
During the projected period, the global iron supplements market is expected to grow owing to the expansion of the pharmaceutical and healthcare sectors, especially in emerging markets. One of the main drivers of demand for iron supplements is the increase in consumer health concerns and the expansion of its uses.
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The increase in chronic diseases caused by the decrease in iron levels in the body has led to an increase in the need for iron supplements. Reduced iron levels can sometimes lead to complaints, including hemodilution anemia, fatigue, and concentration problems. The consequences of insufficient iron levels in the body can be reversed through the use of iron supplements. For these vitamins, there are tablets, pills, and oral alternatives to treating red blood cells. The elemental iron in these supplements, which binds to hemoglobin and raises iron levels in the body, is present in varying concentrations. Unfortunately, these supplements can cause nausea and diarrhea in some cases. Additionally, iron supplements are frequently prescribed to pregnant women to prevent hemodilution anemia, which is further driving the growth of the market.
The growth of the iron supplements market is expected to be limited by a lack of knowledge and widespread assumptions about new treatments. Additionally, the use of iron supplements can cause nausea, diarrhea, and cramping in some people. To avoid this problem, you may need to consume iron with a significant amount of meals.
Due to the country’s expanding population and rising health awareness among its citizens, the North American region is expected to become one of the most lucrative markets over the forecast period. Latin America is expected to become the second largest market as there are more pregnant women, children and teenage girls worried about anemia. Europe is expected to have a large market share owing to the increase in health issues such as iron deficiency among the population. Asia-Pacific is expected to be among the growing economies, particularly in India and China, due to the increased prevalence of anemia and increased disposable income. Last but not least, Africa and the Middle East will likely be among the most lucrative opportunities for iron supplements due to growing medical concerns.
ACGrace, Twinlab, NovaFerrum, Ferro Sequels, Nature Made, Mineral BioSciences, Walgreens, Olly Nutrition, Pronova Corporation and Amieson are the top players in the global iron supplements market by value and volume. To maximize the production of their iron supplements and gain a globally competitive market share, these key manufacturers are focusing on product innovation and technology development. In addition, some regional and national players are making significant investments to diversify their product offering and boost their sales.
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The countries covered in the report are:
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North America – United States, Canada and Mexico
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Europe – UK, Germany, France, Italy, Russia, Spain and Rest of Europe
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Asia-Pacific – China, India, Japan, South Korea, Australia and rest of APAC
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Latin America – Brazil, Argentina, Peru, Chile and Rest of Latin America
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Middle East and Africa – Saudi Arabia, United Arab Emirates, Israel, South Africa
Global iron supplements market segmentation-
By form
By request
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Additional supplements
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sports nutrition
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Medicinal Supplements
Key questions answered by this report
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Impact Analysis of COVID 19 on Global Iron Supplements Industry.
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What are the current market trends and dynamics in the Iron Supplements market and valuable opportunities for emerging players?
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What is driving the Iron Supplements Market?
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What are the main challenges to market growth?
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Which segment represents the fastest CAGR during the forecast period?
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Which product type segment has the largest market share and why?
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Are low- and middle-income economies investing in the iron supplement market?
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Key growth pockets based on regions, types, applications, and end-users
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What is the market trend and dynamics in emerging markets such as Asia-Pacific, Latin America, Middle East and Africa?
Unique data points in this report
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Iron supplement statistics and spending around the world
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Recent trends in different regions in terms of adoption of iron supplements in industries
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Notable developments taking place in the industry
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Attractive investment proposition for segments as well as geography
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Comparative scenario for all segments for the years 2018 (actual) and 2028 (forecast)
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