USD 0.68 billion
Report ID:
SQMIG35I2136 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
61
|Figures:
75
Prenatal Vitamin Supplement Market size was valued at USD 0.74 Billion in 2023 and is poised to grow from USD 0.79 Billion in 2024 to USD 1.52 Billion by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).
The increasing awareness about the significance of a healthy diet and proper medication during pregnancy is a major driving force behind the prenatal vitamin supplements market. The sedentary and stressful lifestyle of pregnant women has resulted in a deficiency of essential vitamins and minerals. This deficiency can have negative consequences, including improper nutrition for the baby, birth defects, and other health issues. Additionally, the awareness regarding the benefits of prenatal vitamins supplement is contributing to the growth of the market. From conception, it is crucial to maintain a healthy diet and consume the appropriate nutritional components to ensure the birth of a healthy baby. In the United States, almost all obstetricians recommend these supplements to pregnant women. Research conducted by the UC Davis MIND Institute found that women who did not take daily prenatal vitamins supplement during the first month of pregnancy had a higher likelihood of giving birth to a child with autism spectrum disorder. The sale of prenatal vitamins supplement has also increased due to higher income levels and promotional activities by market vendors. The market is driven by the rising awareness among pregnant women. Governments and health organizations have launched campaigns to educate the public about the importance of pre and post-natal care, institutional delivery, and immunization, which has further increased the demand for prenatal vitamin supplements. These supplements are specifically designed to provide vitamins, calcium, iron, folic acid, and other minerals required during pregnancy. Folic acid is essential in preventing brain and spinal cord abnormalities in babies, while iron prevents anemia and helps in the growth and development of the baby. Prenatal vitamins supplement also aid in the healthy delivery of the baby. They are not a replacement for food, but they act as additional nutrition to complement a healthy diet and bridge any nutritional gaps. The growing awareness regarding the benefits of prenatal vitamin supplements among women has contributed to the market growth in both urban and rural areas globally.
US Prenatal Vitamin Supplement Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 0.68 billion
Largest Segment
Tablets
Fastest Growth
Tablets
Growth Rate
6.6% CAGR
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Global Prenatal Vitamin Supplement market is segmented by type, distribution channel, and region. Based on type, the market can be segmented into tablets and capsules. Based on distribution channel, the market is segmented into offline market and online market. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Prenatal Vitamin Supplement Market Analysis by Type
By type, the market can be segmented into tablets and capsules. Tablets currently hold the dominant share of the global prenatal vitamin supplement market. This is due to the ease of manufacturing and handling, as well as the high level of consumer acceptance for tablet-based prenatal vitamin supplements. Additionally, tablets can be easily stored and have a longer shelf life than other forms such as gummies or liquids.
However, the capsules segment is expected to witness significant growth in the coming years. Capsules are gaining popularity due to their ease of swallowing and the ability to provide a more targeted release of nutrients. Additionally, capsules can be manufactured with higher doses of nutrients than tablets, making them ideal for consumers with specific nutrient deficiencies. Furthermore, capsules are also vegan-friendly and are a popular choice for consumers looking for plant-based alternatives to traditional prenatal vitamins.
Prenatal Vitamin Supplement Market Analysis by Distribution Channel
By distribution channel, the market can be segmented into offline market and online market. The offline market dominated the global prenatal vitamin supplement market. This is because offline channels such as pharmacies and drug stores provide easy accessibility to consumers and allow them to physically examine the products before making a purchase. Additionally, customers can receive expert advice from pharmacists and healthcare professionals in selecting the right prenatal vitamin supplements for their needs.
However, the online market is expected to be the fastest-growing segment in the coming years. The increasing trend of e-commerce and the growing number of online retailers providing prenatal vitamin supplements are the key factors driving the growth of the online market. Online channels offer the convenience of shopping from home and access to a wide range of products, making it easier for consumers to compare prices and select the best option for them. Additionally, online channels often offer discounts, special offers, and free home delivery, making it an attractive option for consumers.
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North America dominated the global prenatal vitamin supplements market due to the increasing adoption of prenatal vitamins supplement among pregnant women in the region. The United States has the largest market share in the North American region due to the presence of a large number of market vendors and higher disposable income among the population. Additionally, government initiatives to create awareness about the benefits of prenatal vitamins supplement have contributed to the growth of the market.
On the other hand, APAC is expected to witness the fastest growth rate during the forecast period. The growth of the market in this region can be attributed to rising awareness among pregnant women about the importance of proper nutrition and medication during pregnancy. Countries like India, China, and Japan are expected to witness significant growth in demand for prenatal vitamins supplement due to the large population of pregnant women in these countries. Additionally, the increasing disposable income in these countries and the availability of a wide range of prenatal vitamins supplement are driving the market growth.
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Prenatal Vitamin Supplement Market Drivers
Rising awareness about the importance of proper nutrition and medication
Prenatal Vitamin Supplement Market Restraints
Side effects associated with prenatal vitamins supplement
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The global for prenatal vitamin supplements market is highly fragmented, with the presence of numerous local and international players. The market is characterized by intense competition among the players, with a focus on product innovation, quality, and pricing strategies. The companies operating in the market are investing in research and development activities to develop new products and improve the existing ones. Additionally, companies are also adopting various marketing strategies such as mergers and acquisitions, partnerships, and collaborations to expand their product portfolios and geographical presence. The competitive landscape of the market is expected to remain intense over the forecast period.
Prenatal Vitamin Supplement Market Top Player’s Company Profiles
Prenatal Vitamin Supplement Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global prenatal vitamin supplements market analysis, the market is expected to witness significant growth over the forecast period, driven by increasing awareness about the importance of proper nutrition during pregnancy. The sedentary and stressful lifestyles of pregnant women have led to a rise in vitamin and mineral deficiencies, leading to a greater need for prenatal vitamins supplement. Additionally, the growing trend of natural and organic supplements and the inclusion of probiotics and digestive enzymes in prenatal vitamins supplement are expected to drive market growth. The market is highly fragmented, with intense competition among players focusing on product innovation, quality, and pricing strategies.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 0.74 Billion |
Market size value in 2032 | USD 1.52 Billion |
Growth Rate | 6.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Prenatal Vitamin Supplement Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Prenatal Vitamin Supplement Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Prenatal Vitamin Supplement Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Prenatal Vitamin Supplement Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35I2136
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