USD 0.68 billion
Prenatal Vitamin Supplement Market Size, Share, Growth Analysis, By Type(Tablets, and Capsules), By Distribution Channel(Offline Market, and Online Market), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2136 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
61
|Figures:
75
Prenatal Vitamin Supplement Market Insights
Global Prenatal Vitamin Supplement Market size was valued at USD 0.68 billion in 2022 and is poised to grow from USD 0.74 billion in 2023 to USD 1.43 billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Tablets
Fastest Growth
Tablets
Growth Rate
6.6% CAGR
Global Prenatal Vitamin Supplement Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Prenatal Vitamin Supplement Market Segmental Analysis
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.
Global Prenatal Vitamin Supplement Market Size By Type, 2021 (%)
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Prenatal Vitamin Supplement Market Regional Insights
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.
Global Prenatal Vitamin Supplement Market By Geography, 2021-2030
- Largest
- Fastest
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Prenatal Vitamin Supplement Market Dynamics
Prenatal Vitamin Supplement Market Drivers
Rising awareness about the importance of proper nutrition and medication
- The rising awareness about the importance of proper nutrition and medication during pregnancy is a major driver of the global market. Sedentary and stressful lifestyles have led to a deficiency of essential vitamins and minerals among pregnant women, resulting in negative consequences for both mother and baby. Prenatal vitamins supplement , containing vital nutrients such as folic acid and iron, help bridge the nutritional gaps in a woman's diet during pregnancy. Increasing awareness about the benefits of these supplements, along with government initiatives and higher disposable income, is driving the growth of the prenatal vitamins supplement market.
Prenatal Vitamin Supplement Market Restraints
Side effects associated with prenatal vitamins supplement
- One major restraint of the market is the side effects associated with prenatal vitamins supplement , such as nausea, constipation, and other digestive problems. These side effects may discourage pregnant women from consuming prenatal vitamins supplement , thereby limiting the growth of the market. Moreover, the high cost of prenatal vitamins supplement may also act as a restraint for market growth, particularly in developing countries where the population has lower disposable income. These factors need to be addressed to ensure sustained growth of the prenatal vitamins supplement market.
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Prenatal Vitamin Supplement Market Competitive Landscape
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
- MegaFood (US)
- Nutramark, LLC (US)
- Biotics Research Corporation (US)
- Thorne Research Inc. (US)
- Country Life, LLC (US)
- New Chapter, Inc. (US)
- Twinlab Consolidation Corporation (US)
- Nordic Naturals, Inc. (US)
- Nature's Way Products, LLC (US)
- Nestlé S.A. (Switzerland)
- Bayer AG (Germany)
- S.A. Mason Vitamins Inc. (US)
- Metagenics, Inc. (US)
- DSM Nutritional Products AG (Switzerland)
- Jamieson Laboratories Ltd. (Canada)
- GNC Holdings, Inc. (US)
- Pharmavite LLC (US)
Prenatal Vitamin Supplement Market Recent Developments
- In April 2023, US-based company, Garden of Life, launched a new prenatal vitamin supplement containing probiotics and digestive enzymes.
- In February 2023, UK-based company, GSK Consumer Healthcare, launched a new prenatal vitamin supplement containing omega-3 fatty acids.
- In January 2023, US-based company, The Clorox Company, announced its acquisition of US-based company, SmartyPants Vitamins, which produces a range of nutritional supplements including prenatal vitamins.
- In August 2022, Canadian company, Jamieson Wellness Inc., launched a new line of prenatal vitamin supplements containing plant-based ingredients.
- In June 2022, Chinese company, By-Health, acquired US-based company, Life Extension, which produces and sells a range of nutritional supplements including prenatal vitamins.
Prenatal Vitamin Supplement Key Market Trends
- One key market trend in the prenatal vitamins supplement market is the growing demand for natural and organic prenatal vitamins supplement. Consumers are becoming more health-conscious and seeking products that are free from harmful chemicals and additives. This has led to an increased demand for natural and organic prenatal vitamins supplement , which are made from plant-based ingredients and are free from synthetic additives. Additionally, there is a growing trend of incorporating probiotics and digestive enzymes into prenatal vitamins supplement , which are believed to aid in digestion and promote a healthy gut microbiome in both the mother and baby.
Prenatal Vitamin Supplement Market SkyQuest Analysis
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 0.68 billion |
| Market size value in 2031 | USD 1.43 billion |
| Growth Rate | 6.6% |
| Forecast period | 2024-2031 |
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Prenatal Vitamin Supplement Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Prenatal Vitamin Supplement Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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