Market Overview:
The global iron supplement market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to factors such as an increase in the prevalence of iron deficiency, rising awareness about the benefits of taking iron supplements, and growing demand for convenience-based products. Based on type, the global iron supplement market can be segmented into pills, capsules, and others. Capsules are expected to account for a larger share of the market than other types due to their convenience and portability. Based on application, the market can be segmented into adult and kids segments. The adult segment is expected to account for a larger share of the market than the kids segment owing to higher rates of iron deficiency among adults across regions.
Product Definition:
Iron is an essential mineral that the body needs to function properly. It helps make red blood cells, which carry oxygen throughout the body. A lack of iron can lead to anemia, a condition in which not enough red blood cells are produced, resulting in fatigue, shortness of breath and other symptoms.
A person who does not get enough iron from their diet may need to take an iron supplement. Iron supplements come in pill form and are available over-the-counter or by prescription.
Pill:
Pill is a form of dietary supplement consumed to improve body performance. It contains ingredients such as vitamins, minerals and amino acids. The main function of pill is to facilitate the absorption of nutrients by the body tissues where as food cannot be absorbed due to illness or any other reason. Pill also helps in increasing nutrient levels in the human body along with providing energy for proper functioning of muscles, heart and brain.
Capsule:
Capsule is a small package that contains medicine and it's used to protect the drug and keep it stable until its reach to the target. Capsules are available in different sizes, shapes, colors and can be manufactured using different materials like glass & plastic. The size of capsule depends upon the amount of medicine that needs to be administered at one time. Capsules are widely used by pharmaceutical companies for packaging their medicines so that they can sell them without refrigeration or prior expiration date.
Application Insights:
The adult segment held the largest share of over 70.0% in 2017. The application of iron supplements is majorly seen among adults as it helps in maintaining hemoglobin level and energy levels by increasing oxygen-carrying capacity of blood cells. However, a small percentage of population below 18 years still suffers from anemia caused due to low Iron Level Dietary Reference Intake (DRI). Thus, these products are primarily targeted at the adult population above 18 years for improving their dietary intake.
Iron deficiency is very common among children globally owing to factors such as geography, diet and lifestyle that prevent proper absorption and utilization of iron by body tissues including muscles and liver cells. As per WHO Global Database on Body Mass Indexes 2014 data, around 54 million children under 5 years suffer from anemia while about 3 billion people across the world have low Iron Stores Data Sheet (SDS) published by WHO in 2016 states that prevalence rate for kids between 6-59 months suffering from IDH was 15%.
Regional Analysis:
Europe was the largest market for iron supplements accounting for a share of more than 30.0% in 2017. The region is expected to continue its dominance over the forecast period as well, owing to high prevalence of anemia among pregnant women and children as well as high level of awareness regarding nutritional enrichment among consumers.
Asia Pacific is anticipated to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 due rising population coupled with increasing health concerns related to poor dietary habits and lifestyle changes in developing countries such as China and India are expected drive demand for iron supplements over the forecast period.
North America accounted for a significant share in 2017 owing rising incidence associated anemia among kids & adults coupled with increasing obesity levels especially in U.S.
Growth Factors:
- Increasing awareness about the health benefits of iron supplements among consumers.
- Rising prevalence of iron deficiency anemia, which is driving demand for iron supplements.
- Growing popularity of preventive healthcare, which is boosting demand for dietary supplements including iron supplements.
- increasing disposable income and changing lifestyle trends among consumers are propelling growth of the global Iron Supplement market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Iron Supplement Market Research Report
By Type
Pill, Capsule, Others
By Application
Adult, Kids
By Companies
Nature Made, Nature's Bounty, Solgar, Rainbow Light, NOW Foods, Amway, Garden of Life, Spring Valley, GNC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Iron Supplement Market Report Segments:
The global Iron Supplement market is segmented on the basis of:
Types
Pill, Capsule, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adult, Kids
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nature Made
- Nature's Bounty
- Solgar
- Rainbow Light
- NOW Foods
- Amway
- Garden of Life
- Spring Valley
- GNC
Highlights of The Iron Supplement Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pill
- Capsule
- Others
- By Application:
- Adult
- Kids
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Iron Supplement Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Iron is a mineral that helps the body produce red blood cells and other proteins. Iron supplements are taken by people who do not get enough iron from their diet or who have an iron deficiency.
Some of the key players operating in the iron supplement market are Nature Made, Nature's Bounty, Solgar, Rainbow Light, NOW Foods, Amway, Garden of Life, Spring Valley, GNC.
The iron supplement market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Iron Supplement Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Iron Supplement Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Iron Supplement Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Iron Supplement Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Iron Supplement Market Size & Forecast, 2018-2028
4.5.1 Iron Supplement Market Size and Y-o-Y Growth
4.5.2 Iron Supplement Market Absolute $ Opportunity
Chapter 5 Global Iron Supplement Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Iron Supplement Market Size Forecast by Type
5.2.1 Pill
5.2.2 Capsule
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Iron Supplement Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Iron Supplement Market Size Forecast by Applications
6.2.1 Adult
6.2.2 Kids
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Iron Supplement Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Iron Supplement Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Iron Supplement Analysis and Forecast
9.1 Introduction
9.2 North America Iron Supplement Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Iron Supplement Market Size Forecast by Type
9.6.1 Pill
9.6.2 Capsule
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Iron Supplement Market Size Forecast by Applications
9.10.1 Adult
9.10.2 Kids
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Iron Supplement Analysis and Forecast
10.1 Introduction
10.2 Europe Iron Supplement Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Iron Supplement Market Size Forecast by Type
10.6.1 Pill
10.6.2 Capsule
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Iron Supplement Market Size Forecast by Applications
10.10.1 Adult
10.10.2 Kids
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Iron Supplement Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Iron Supplement Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Iron Supplement Market Size Forecast by Type
11.6.1 Pill
11.6.2 Capsule
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Iron Supplement Market Size Forecast by Applications
11.10.1 Adult
11.10.2 Kids
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Iron Supplement Analysis and Forecast
12.1 Introduction
12.2 Latin America Iron Supplement Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Iron Supplement Market Size Forecast by Type
12.6.1 Pill
12.6.2 Capsule
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Iron Supplement Market Size Forecast by Applications
12.10.1 Adult
12.10.2 Kids
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Iron Supplement Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Iron Supplement Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Iron Supplement Market Size Forecast by Type
13.6.1 Pill
13.6.2 Capsule
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Iron Supplement Market Size Forecast by Applications
13.10.1 Adult
13.10.2 Kids
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Iron Supplement Market: Competitive Dashboard
14.2 Global Iron Supplement Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nature Made
14.3.2 Nature's Bounty
14.3.3 Solgar
14.3.4 Rainbow Light
14.3.5 NOW Foods
14.3.6 Amway
14.3.7 Garden of Life
14.3.8 Spring Valley
14.3.9 GNC
