The latest market report published by Credence Research, Inc. “Global Plant-Based Iron Supplements Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global plant-based iron supplements market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 4.80% between 2023 and 2030. The market was valued at USD 195.8 million in 2022 and is expected to reach USD 271.9 million in 2030.
Plant-Based Iron Supplements Market has been experiencing remarkable growth in recent years, and the key growth trends have brought significant changes to the industry. As more individuals adopt plant-based diets or choose alternatives to animal-derived supplements, the demand for plant-based iron supplements has skyrocketed. This surge can be attributed to various factors, including increased awareness of the health benefits associated with a plant-based lifestyle and concerns about sustainability and animal welfare. Additionally, advancements in technology have allowed manufacturers to develop innovative formulations that deliver optimal levels of iron derived from plants.
Plant-based iron supplements are typically derived from natural sources such as:
Ferrous bisglycinate: Extracted from legumes, this form of iron is highly bioavailable and is known to cause fewer gastrointestinal side effects compared to traditional iron supplements.
Iron-rich plants: Some plants naturally contain higher levels of iron. Examples include spinach, kale, spirulina, moringa, and lentils. These plant-based sources can be processed into iron supplements.
Iron-fortified foods: Manufacturers also enrich certain plant-based food products with iron to increase their nutritional value.
The market for plant-based iron supplements has seen a surge in the number of products and brands offering various formulations, including tablets, capsules, powders, and liquid supplements. Additionally, the rise of e-commerce platforms and health-focused retail stores has made these products more accessible to consumers worldwide.
Key factors driving the growth of the plant-based iron supplements market include:
- Health consciousness: The increasing awareness of the health benefits associated with plant-based diets has encouraged consumers to seek iron supplements that align with their dietary choices.
- Rising vegan and vegetarian populations: As more people adopt vegan or vegetarian lifestyles, the demand for iron supplements from plant sources has risen significantly.
- Reduced side effects: Plant-based iron supplements are often considered gentler on the digestive system compared to traditional iron supplements, attracting individuals who may have experienced discomfort with other forms of iron.
- Sustainable and ethical considerations: Consumers are increasingly concerned about the environmental impact of their choices and prefer plant-based alternatives that are more sustainable and cruelty-free.
- Product innovation and marketing: Manufacturers are continuously developing new formulations and marketing strategies to cater to the specific needs and preferences of plant-based consumers.
- Government initiatives: Some governments and health organizations are promoting plant-based diets for their potential health benefits, indirectly driving the demand for related supplements.
Browse 210 pages report Plant-Based Iron Supplements Market By Type (Ferrous Sulfate, Ferrous Gluconate, Ferric Citrate, Ferric Sulfate) By Application (Additional Supplements, Sports Nutrition, Medical Supplements) – Growth, Future Prospects & Competitive Analysis, 2016 – 2030)- https://www.credenceresearch.com/report/plant-based-iron-supplements-market
Benefits Driving the Growth of Plant-Based Iron Supplements
Plant-based iron supplements are known to have higher absorption rates and less gastrointestinal side effects compared to their synthetic counterparts. This is largely because they are made from whole food sources, which provide a more bioavailable form of iron.
Market Segmentation:
The market for plant-based iron supplements can be classified based on type, application, and distribution channel.
By Type
The types of plant-based iron supplements include iron extracted from legumes, grains, fruits, and vegetables.
By Application
These supplements find their application in treating iron deficiency anemia, boosting immunity, improving muscle strength, and enhancing cognitive function.
By Distribution Channel
Distribution channels range from retail pharmacies to online stores and supermarkets/hypermarkets.
Competitive Landscape and Key Players
A variety of companies are making their mark in the plant-based iron supplements market, but a few stand out due to their innovative products and extensive market reach. These include companies such as Garden of Life, Solgar Inc., and Thorne Research.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Plant-Based Iron Supplements Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- Major nations in each region with their import/export statistics
- The global Plant-Based Iron Supplements Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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