Global Fertility Supplements Market

Fertility Supplements Market Size, Share, Growth Analysis, By End-Use(Men, and Women), By Distribution Channel(OTC, and Prescribed), By Product(Capsules, Tablets, Soft Gels, Powders), By Ingredient Type(Natural, Synthetic/ Blend of Natural & Synthetic), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2247 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 61 | Figures: 75

Fertility Supplements Market Insights

Fertility Supplements Market size was valued at USD 1.94 Billion in 2022 and is poised to grow from USD 2.10 Billion in 2023 to USD 3.88 Billion by 2031, at a CAGR of 8% during the forecast period (2024-2031).

The purpose of the fertility supplements market is to provide individuals with an alternative solution to improve their reproductive health and increase their chances of conceiving. The increasing prevalence of infertility is a major driving factor for the fertility supplements market. Additionally, rising awareness of the benefits of using dietary supplements to improve reproductive health and the availability of these supplements over the counter are also contributing to the growth of the market. 

The lack of regulatory oversight and inconsistent product quality is a significant restraining factor for the fertility supplements market. Additionally, the high cost of some supplements may also limit their accessibility to some individuals. The absence of scientific proof demonstrating these supplements' ability to increase fertility is one of the major obstacles facing the market for fertility supplements. Furthermore, the stigma attached to infertility and some people's unwillingness to seek treatment could have an effect on the market's growth. It is anticipated that new market prospects would arise from the growing use of e-commerce platforms and the availability of a greater variety of fertility supplements. Furthermore, the growing popularity of customized nutrition and the creation of novel goods and formulas could propel market expansion. In the upcoming years, it is anticipated that the global market for fertility supplements would expand further as more people look for non-traditional ways to enhance their reproductive health.

The lack of regulatory oversight and inconsistent product quality is a significant restraining factor for the fertility supplements market. Additionally, the high cost of some supplements may also limit their accessibility to some individuals. The significant challenges faced by the fertility supplements market is the lack of scientific evidence supporting the effectiveness of these supplements in improving fertility. Moreover, the stigma associated with infertility and the reluctance of some individuals to seek treatment may also impact the market growth. The increasing adoption of e-commerce platforms and the availability of a wider range of fertility supplements is expected to create new opportunities in the market. Additionally, the growing trend of personalized nutrition and the development of new products and formulations may also stimulate market growth. The global fertility supplements market is expected to continue to grow in the coming years as more individuals seek alternative solutions to improve their reproductive health. The market faces several challenges that need to be addressed, including regulatory oversight and product quality, to ensure the safety and efficacy of these supplements.

US Fertility Supplements Market is poised to grow at a sustainable CAGR for the next forecast year.

 

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Fertility Supplements Market size was valued at USD 1.94 Billion in 2022 and is poised to grow from USD 2.10 Billion in 2023 to USD 3.88 Billion by 2031, at a CAGR of 8% during the forecast period (2024-2031).

The global fertility supplements market is highly competitive in nature with the presence of various key players. The market is fragmented due to the presence of numerous local and international players, and the high degree of competition is leading to continuous innovation, development, and launching of new products. The competitive landscape of the global fertility supplements market is expected to remain intense, with companies focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive advantage. 'TTK HealthCare (India)', 'Fairhaven Health LLC (U.S.)', 'Zenith Nutritions (India)', 'INVO Bioscience (U.S.)', 'Vitabiotics Ltd (U.K.)', 'Bionova Lifesciences (India)', 'Exeltis USA Inc. (U.S.)', 'Fujifilm Irvine Scientific, Inc. (U.S.)', 'Coast Science (U.S.)', 'Orthomol (Germany)', 'Theralogix LLC (U.S.)', 'Mira (U.S.)', 'Proxeed Plus (U.S.)', 'Fertility Nutraceuticals LLC (U.S.)', 'Fertility Focus Limited (U.K.)', 'DCC plc (Ireland)', 'Purelife Bioscience Co. Ltd. (Taiwan)', 'Fertility Smart (Australia)', 'Concepta Diagnostics (U.K.)', 'TTK Prestige Ltd (India)'

Fertility Supplements Market Drivers 

Increasing demand for natural and organic supplements: Consumers are increasingly opting for natural and organic fertility supplements as they are perceived to be safer and have fewer side effects. These supplements are made from natural ingredients such as herbs, vitamins, and minerals, and do not contain any synthetic substances. For instance, In folic, a natural supplement made from myo-inositol and folic acid, has gained popularity in the market due to its natural composition and effectiveness in promoting fertility.

North America held the largest share in the global fertility supplements market. Data from the Centers for Disease Control and Prevention (CDC) update indicated that 14.1% of women aged 15 to 49 in the U.S. had impaired fertility, while 15.1% of married women aged 15 to 49 had impaired fertility. In addition, 7% of married women were found to be infertile, which has increased the demand for fertility products in the region. Furthermore, the market in Canada is expected to grow rapidly due to initiatives by the government and nonprofit organizations such as Fertility Matters Canada to raise awareness about fertility medication and treatment, as well as the rising rates of obesity and sexually transmitted infections.

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Global Fertility Supplements Market

Report ID: SQMIG30I2247

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