Iron Supplement Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global iron supplement market is anticipated to grow at a CAGR of 6.3% during the forecast period (2022-2028). Increased demand for iron supplements has resulted from an increase in the number of common conditions caused by low iron levels in the body. In some circumstances, low iron levels can cause symptoms like poor concentration, weariness, sickness, and hemodilution anemia. Iron supplements can assist to reverse the effects of low iron levels in the body. Tablets, capsules, and oral liquids are all options for these vitamins. These supplements include various amounts of elementary iron, which binds to the bloodstream and raises the body's iron levels.

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Iron supplements are commonly suggested for pregnant women to help them deal with any phases of hemodilution anemia that may arise. Iron supplements are popular among the elderly, who are at a higher risk of iron deficiency due to decreased efficiency in natural body metabolism all these factors are anticipated to grow the market of the iron supplement market. Iron supplements are also commonly utilized by athletes to raise awareness among aspiring athletes about their muscle flexibility during the off-season, as well as the rise in popularity of sports such as calisthenics and karate, which necessitate improved body metabolism. As a result, it is anticipated to boost the iron supplement market.

After COVID-19, people are more alert and active in doing regular body check-ups, with the increase in the number of health checkups, the number of iron deficiency cases rises due to poor eating habits and not taking all the vital supplements in their diet, so the need for iron supplements increases as well as the market of the iron supplement market rises. Awareness regarding proper nutrition and a healthy diet is spreading nowadays, as the membership in health and fitness clubs are increasing and information and importance regarding iron deficiency are increasing.

Some major players in the market include Pharmacosmos AS, AMAG Pharmaceuticals Inc., AbbVie Inc., Pieris Pharmaceuticals, Inc., Sanofi SA, Guardian.in, International Vitamin Corp., Jamieson Laboratories Ltd., OLLY Public Benefit Corp., Pronova Corp., ECMOHO Ltd ., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in May 2021 ECMOHO Ltd. launched Puxue Oral Liquid, which is a supplement designed for iron and vitamin B12 deficiency in children aged one to seventeen, adults, pregnant women, and nursing mothers.

Company Product Portfolio
Jamieson Laboratories Ltd. offers Jaimeson Iron Timed Release 50mg, used to aid in the prevention or treatment of iron-deficient anemia. Iron distributes oxygen throughout the body and aids in the creation of red blood cells, making a person feel energized and helping to prevent anemia.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Form
o By End-User

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

Competitive Landscape- Pharmacosmos AS, AMAG Pharmaceuticals Inc., AbbVie Inc., Pieris Pharmaceuticals, Inc., Sanofi SA, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Iron Supplement Market Report by Segment

By Form
• Oral
• Parenteral

By End-User
• Pregnancy Consumer
• Anemia Consumer

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This release was published on openPR.