Frequently Asked Questions
The global plant-based iron supplements market was valued at USD 195.8 Million in 2022.
The plant-based iron supplements market is expected to grow at a CAGR of 4.80% between 2023 and 2030, reaching USD 271.9 Million 2030.
Ferrous gluconate is the leading segment by type, holding over 43% share in terms of value in 2022.
The sports nutrition segment governs the demand for plant-based iron supplements in the world, holding a massive share of over 80% in 2022.
The capsules segment is expected to post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the plant-based iron supplements industry, with an over one-third share in 2022.
The top players include Vitacost, NOW Foods, Garden of Life, Nature’s Way, Himalaya Herbal Healthcare, FoodScience Corporation, Healthspan, Nature’s Bounty, and Life Extension. Dabur India, Emami, GlaxoSmithKline Consumer Healthcare, IPCA Laboratories, Zandu Pharmaceutical Works, MegaFood, New Chapter, Rainbow Light, Solgar, Source Naturals, Swanson Health Products.
The rising demand for these products, because they help ensure correct nutrient intake, manage weight, increase immunity, etc, are the major market drivers.
A lack of knowledge and widespread misunderstandings about new-age treatments concerning iron supplements are the major market restraints.
there will be new growth prospects due to the myriad ethical issues surrounding the usage of animal components. Additionally, vegan supplements are thought to be safer and healthier than alternatives derived from animals are the major opportunities in the plant-based iron supplements industry.