During the projected period, the plant based iron supplements market is expected to grow at a CAGR of 5.5% from 2022 to 2032. The plant based iron supplements market is projected to be valued at USD 208.5 Million in 2022 and is anticipated to reach USD 352.9 Million by 2032.
Demand for plant based iron supplements is set to surge in the next ten years as people are becoming more aware of the health benefits of plant-based diets. Iron is an essential mineral that helps to transport oxygen around the body and is vital for maintaining good health.
However, many people do not get enough iron from their diet, and this can lead to fatigue, weakness, and other health problems. That is why plant based iron supplements are gaining high popularity, especially in emerging economies.
Plant based iron supplements are a great way to boost one’s iron intake, and they are especially beneficial for those who follow vegan or vegetarian diets. There are different types of plant based iron supplements available on the market.
Thus, it is important to do one’s research before choosing a particular product. If an individual is considering taking a plant-based iron supplement, they should speak to their doctor first to make sure it is right for them.
Iron is naturally present in numerous food products and fruits such as green leafy vegetables, bananas, pomegranates, and others. In addition to some food products, it is now available as a dietary supplement. Iron is an important component of hemoglobin, an erythrocyte protein that transfers oxygen from the lungs to the tissues.
Demand for plant based iron supplements is set to surge at a fast pace in recent years owing to a rapidly growing number of vegans and increasing health awareness among consumers. The development of energy-rich offerings and the rising need for clean-label ingredients, especially in developed countries are projected to spur the market in the next ten years.
Moreover, numerous ethical concerns over the use of animal ingredients are set to create new growth opportunities in the forecast period. Vegan supplements are also considered to be healthier and safer than animal-based alternatives.
As per the Vegan Society, in 2021, the organization registered an impressive 16,439 products under the Vegan Trademark and more than 82% of its products have come in the last five years. Besides, the Vegan Trademark has over 50% of products registered that are coming from key players based outside of the United Kingdom These numbers are projected to surge at a rapid pace in the next ten years, thereby pushing the demand for plant based iron supplements worldwide.
| Attributes | Key Insights |
|---|---|
| Global Plant Based Iron Supplements Market Estimated Size (2022E) | USD 208.5 Million |
| Projected Market Valuation (2032F) | USD 352.9 Million |
| Value-based CAGR (2022 to 2032) | 5.4% |
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The plant based iron supplements market is expected to grow at a rapid pace in the forecast period as more people become aware of the health benefits of these supplements. Plant based iron supplements are a convenient and effective way to get the iron one’s body needs, and they are also gentle on the stomach and do not cause constipation like some other types of iron supplements.
There are many different brands and formulations of plant based iron supplements on the market. With so many benefits, it is no wonder that the plant based iron supplements market is expected to continue to grow in the evaluation period.
The adoption of plant-based iron supplements is expanding in the USA. This is because more people are becoming aware of the many health advantages of iron and because more individuals are exploring alternate sources of this crucial vitamin. The country's plant-based iron supplements share is anticipated to expand at a CAGR of 7.8% between 2022 and 2032.
Numerous factors, such as the increased incidence of anemia and iron deficiency, the need for natural and organic products, and the popularity of vegan diets, are responsible for the USA plant based iron supplements market growth. The demand for plant based iron supplements in the USA is likely to increase as more people become aware of the importance of iron for a healthy diet. Plant based iron supplement manufacturers in the country are likely to have new opportunities; as a result, to create cutting-edge items to satisfy the escalating demand.
Principal Consultant
Japan has the fastest pace of growth in the global plant based iron supplements market. This is due to a variety of reasons, including greater knowledge of the health advantages of plant-based diets, an increase in the number of vegetarians and vegans in the country, and the simple availability of more inexpensive and convenient plant based iron supplements.
The popularity of plant-based iron supplements is rising in Japan as more individuals become aware of the advantages of a plant-based diet for their health. Demand for these items is also being fueled by the country's rising vegetarian and vegan population. Additionally, plant-based iron supplements are now more readily accessible and more reasonably priced, which is expected to open up new development prospects for foreign businesses attempting to join the Japan plant based iron supplements market.
The Europe plant based iron supplements market is projected to develop at a CAGR of 5.8% from 2022 to 2032. The market is estimated at USD 61.8 billion in 2021. A growing number of Europeans are using nutritional supplements to help them meet their dietary objectives as they are becoming more conscious of their health and fitness. The rapidly growing elderly population throughout the sub-continent has increased the need for natural and organic products, as well as for plant-based goods and functional meals.
The demand for immune-suppressing supplements and multivitamins has increased significantly in European nations like Germany. During COVID, a shift in mindset toward fitness and health, as well as a more holistic approach to achieving fitness and health objectives by employing functional foods and nutritional supplements, acquired a lot of popularity, and the trend is only expected to increase. This is a key factor in the expansion of the German plant based iron supplements market.
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The Korean plant based iron supplements market has seen several changes as a result of the rise of the conscious consumer. Particularly, there has been a lot of innovation in the supplement industry. Due to the rising popularity of veganism or the vegan diet, people have become quite curious about vegan supplements. Supplements made without animal products are typically thought to be healthier and safer. Furthermore, expansion is being driven by ethical issues related to the use of animal products.
According to the research, the number of vegans in Korea increased by over three times between 2018 and 2022. Depending on their age group, Koreans who identify as vegans make up between 2 to 3 percent of the population. Given the prevalence of well-known athletes who follow vegan diet trends, the ability of vegan supplements to boost endurance is probably going to have an impact on Korea plant based iron supplements market growth.
Rising Prevalence of Anemia in the USA to Boost Sales of Plant-Based Iron Tablets
In the USA, the use of plant based iron supplements is on the rise. This is due to increasing awareness of the various health benefits of iron, as well as the rising number of people who are looking for alternative sources of this essential nutrient. The plant based iron supplements market is expected to grow at a CAGR of 7.8% between 2022 and 2032 in the country.
This growth is attributed to a large number of factors, including the increasing prevalence of iron deficiency and anemia, growing demand for natural & organic products, and the rising popularity of vegan diets. As more people are becoming aware of the importance of iron in their diet, it is likely that the demand for plant based iron supplements will continue to grow in the USA This will further provide new opportunities for manufacturers in the country to develop new and innovative products to meet the growing demand.
High Demand for Natural Products to Fuel Sales of Plant-Based Iron Pills in India
The performance of the Indian plant based iron supplements market has been mixed. Some products have been found to be effective in treating anemia, while others have not. Overall, the market is growing as more and more people seek out natural solutions to their health problems. There are a number of reasons why plant based iron supplements may be more effective than other forms of supplementation. They are more easily absorbed by the body and thus are anticipated to be demanded across India.
Iron Supplement Companies to Invest in Unique Advertising Campaigns to Attract Chinese Consumers
The plant based iron supplements market is expected to grow at a considerable rate in China due to the country's large population and increasing awareness about the health benefits of plant based iron supplements among consumers. Key players will need to target Chinese consumers with effective marketing and advertising campaigns. They will also have to develop a strong distribution network in order to reach Chinese consumers.
Increasing Trend of Veganism in Japan to Push the Demand for Vegetable-Based Iron Supplements
The plant based iron supplements market in Japan is growing at a faster rate than in any other country. This is due to a number of factors, including increasing awareness of the health benefits of plant-based diets, a growing number of vegetarians & vegans in the country, and easy availability of more affordable & convenient plant based iron supplements.
Plant-based iron supplements are becoming increasingly popular in Japan as people become more aware of the health benefits of plant-based diets. A growing number of vegetarians and vegans in the country are also driving demand for these products. In addition, more affordable and convenient plant based iron supplements are now available on the market, which is set to create new growth opportunities for international companies trying to enter the Japanese market.
Plant Based Multivitamins with Iron are to Be Demanded by Athletes by the End of 2032
The sports nutrition industry is booming and is projected to continue to grow in the forecast period. Within this industry, sports drinks are the top-selling category, followed by protein powders and bars. Sports nutrition products are popular among athletes and active individuals who are looking to improve their performance or recovery. However, there is some uncertainty surrounding the future of the sports nutrition market.
A recent report from Euromonitor International found that growth in the global sports nutrition market has slowed down in recent years. In addition, the report estimated that growth will continue to be gradual over the next five years. There are a number of factors that could impact the future of the sports nutrition industry. Increasing competition from other categories such as functional foods and beverages may slow down growth. Also, many countries have implemented taxes on sugary drinks, which could discourage consumers from purchasing sports drinks.
Organic Plant Based Iron Supplements Infused with Ferrous Gluconate to Aid Growth
By product, ferrous gluconate is set to remain at the forefront in the global plant based iron supplements market during the forecast period. The product comes in tablet form and is taken orally. It is important to follow the directions on the bottle, as taking too much can cause stomach upset. Some people may also experience constipation when taking this supplement. Overall, however, ferrous gluconate is safe and easy-to-use product.
Ferrous sulfate, on the other hand, is a chemical compound that has a wide variety of uses. It is most commonly used as an iron supplement for people who are deficient in iron. It can also be used as a color developer in photography and as a coagulant in water treatment.
The global market for plant based iron supplements is highly fragmented and competitive due to the presence of several local and regional players. Key players are using a wide range of marketing strategies such as partnerships, expansions, mergers & acquisitions, and collaborations to compete with their rivals.
Some of the leading companies operating in the plant based iron supplements market are Vitacost, NOW Foods, Garden of Life, Nature’s Way, Himalaya Herbal Healthcare, FoodScience Corporation, Healthspan Ltd., Nature’s Bounty Co., and Life Extension. Dabur India Ltd., Emami Ltd., GlaxoSmithKline Consumer Healthcare Ltd., IPCA Laboratories Ltd., Zandu Pharmaceutical Works Ltd., MegaFood, New Chapter, Rainbow Light, Solgar, Source Naturals, and Swanson Health Products among others.
For instance,
Can’t Get Enough Iron? Naturelo, Garden of Life, and Mega Food offer Plant Based Iron Supplements to Promote Health & Wellness!
Companies using plant based iron supplements are making their products more beneficial by using natural ingredients to provide their customers with unique supplements that can help individuals maintain strong energy levels while getting rid of fatigue. Plant based iron supplements are easy to consume as they do not require prescriptions from doctors for buying.
Products manufactured by Naturelo are popular among natural health food enthusiasts and those seeking to improve their overall wellness. The company is well-known for its Probiotic Super Blend and also makes a number of other products, including an energy drink that contains cordyceps mushrooms and noni fruit. Some of the company’s other products include protein powders, herbal supplements, probiotics, and more.
Naturelo was founded in 2009 by Chris Howard and has since grown into one of America’s leading natural health product companies. The company’s products can be found on Amazon, as well as at select retailers across North America. They have recently expanded into international markets with offices in Canada and Australia, as well as distributors in several other countries around the world.
Mega Food is another renowned company that has helped pave a clear path for other firms to follow. It offers more than 400 different supplements. The brand has established itself as a premier source of healthy supplements and aims to make a positive impact on not only how people feel but how they live.
The company was founded in 1986 by two individuals who were inspired by their own experiences with wellness to bring health-supporting products into homes across America. With its dedication to quality products, MegaFood has become one of America’s favorite nutritional brands.
According to a recent survey conducted by Harris Poll, MegaFood ranked among the top five most trusted natural product brands in America. In addition to providing consumers with high-quality vitamins and supplements, MegaFood also works to ensure sustainability within its supply chain. By using ingredients from organic farms around the world, including those certified under the United States Department of Agriculture (USDA) Organic standards, MegaFood can ensure that all ingredients are grown without chemical pesticides or fertilizers.
Similarly, Garden of Life is another popular American natural health product manufacturer. While it does produce some traditional supplements like multivitamins and vitamin D3, it is perhaps best known for its Organic Raw Food vitamins, which contain ingredients like sprouted barley grass juice powder and raw organic greens blend. As a vegan company, many of its products are free from animal ingredients (like gelatin), while still containing high-quality nutrients that support good health.
The company offers several types of vitamins, supplements, and protein powders that are all made from natural ingredients. One of its most popular products is the vitamin code raw meal, which offers high-quality nutrients in an easy-to-digest form. It is great for those who do not like taking pills or struggle with digestion. This product also comes in powder form and so it can be mixed into smoothies or other beverages.
In 2019, Garden of Life used NASA technology to create its new seed-based vegan multivitamin, offering full nutrition from a simple superfood. The product is also certified non-GMO and gluten-free. Similarly, in December 2021, the company announced the release of Blood Builder Liquid Iron Once Daily. Blood Builder Liquid Iron is a handy type of iron that is designed to sustain healthy energy levels while being soft on the stomach and non-constipating.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 208.5 Million |
| Projected Market Valuation (2032) | USD 352.9 Million |
| Value-based CAGR (2022 to 2032) | 5.4% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD Million) |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa(MEA) |
| Key Countries Covered | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, United Arab Emirates(UAE) |
| Key Segments Covered | Type, Form, Application, Region |
| Key Companies Profiled | Vitacost; NOW Foods; Garden of Life; Nature’s Way; Himalaya Herbal Healthcare; FoodScience Corporation; Healthspan Ltd.; Nature’s Bounty Co.; Life Extension. Dabur India Ltd.; Emami Ltd.; GlaxoSmithKline Consumer Healthcare Ltd.; IPCA Laboratories Ltd.; Zandu Pharmaceutical Works Ltd.; MegaFood; New Chapter; Rainbow Light; Solgar; Source Naturals; Swanson Health Products |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities, and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The plant based iron supplements market size is set to reach USD 208.5 Million by 2022.
The plant based iron supplements market is expected to rise at a CAGR of 5.4% from 2022 to 2032.
The North America plant based iron supplements market is expected to register a 33.4% CAGR between 2022 and 2032.
The USA, China, Canada, Germany, and Mexico are the major countries driving demand in the plant based iron supplements market.
The China plant based iron supplements market is projected to grow at a CAGR of around 5.3% over the next ten years.
The German plant based iron supplements market is projected to grow at a CAGR of around 26.5% over the next ten years.
The Europe plant based iron supplements market is expected to grow at 6.0% CAGR between 2022 and 2032.
Naturelo, Garden of Life, MegaFood, and New Chapter is expected to be the top players in the plant based iron supplements market.
The global plant based iron supplements market is anticipated to surpass USD 352.9 Million by the end of 2032.
1. Executive Summary | Plant Based Iron Supplements Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Ferrous Sulfate 5.2. Ferrous Gluconate 5.3. Ferric Citrate 5.4. Ferric Sulfate 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Additional Supplements 6.2. Sports Nutrition 6.3. Medicinal Supplements 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 7.1. Tablet 7.2. Liquid 7.3. Capsules 7.4. Syrup 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa (MEA) 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Vitacost 18.2. NOW Foods 18.3. Garden of Life 18.4. Nature’s Way 18.5. Himalaya Herbal Healthcare 18.6. FoodScience Corporation 18.7. Healthspan Ltd. 18.8. Nature’s Bounty Co. 18.9. Life Extension. Dabur India Ltd. 18.10. Emami Ltd. 18.11. GlaxoSmithKline Consumer Healthcare Ltd. 18.12. IPCA Laboratories Ltd. 18.13. Zandu Pharmaceutical Works Ltd. 18.14. MegaFood 18.15. New Chapter 18.16. Rainbow Light 18.17. Solgar 18.18. Source Naturals 18.19. Swanson Health Products 19. Assumptions & Acronyms Used 20. Research Methodology
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Plant Based Iron Supplements Market
