The global fertility supplements market size is poised to surge at an impressive CAGR of 7.8% between 2020 and 2030. Consumers around the world have become more aware about their wellbeing. In emerging nations such as Brazil and Argentina, there is increasing focus on improving sexual health. As a result they have become more willing than ever before to spend on relevant products. This is expected to have positive impact on the fertility supplements market.
The report discusses some of the more crucial factors chalking the market’s growth trajectory. It makes observation on prevailing trends and gauges the impact of the same on the overall market. This observation is supported by relevant data, graphs, infograph and expert opinions to offer a holistic study on the global fertility supplements market.
It includes in-depth insights into the market. Some of these are:
- The estimated value of the market was at US$ 1.47 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- Regionally, North America is the largest market for fertility supplements in the world.
- Asia Pacific follows closely, emerging as second-leading regional market.
- Through the course of the forecast period, the APEJ market is expected to report growth at the highest pace.
- In terms of ingredient, consumers seem to prefer natural ones more than the rest.
Rising Awareness about Importance Overall Well-being among Consumers is Enabling Growth
Lifestyle prevalent today does more harm to common man than ever before. According to the American Society for Reproductive Medicine, a considerable section of both men and women of reproductive age in the U.S. smoke cigarettes. Cigarette smoking has harmful impact on the overall health and wellbeing of an individual. It also may adversely impact their fertility. Even the latest technologies might find it difficult to help a women conceive if she is exposed to excessive smoking. A rising awareness about the ongoing situation, coupled with information on potential cures will favour the expansion of the fertility supplements market.
The same factor, which is rising degree of awareness, is likely to pave way for the market’s growth in emerging economies as well.
Who is Winning?
Some of the leading players operating in the fertility supplements market are Fertility Nutraceuticals LLC, Exeltis USA, Inc., TTK HealthCare Ltd., PregPrep LLC, Orthomol pharmazeutische Vertriebs GmbH, Active Bio Life Science GmbH, Fairhaven Health, LLC, Lenus Pharma GesmbH, ZenithNutrition, and INVO Bioscience.
As a result of increasing competition, leading manufacturers are focusing on expanding their product portfolio and improving sourcing process. Their expansion strategies include investment in research and development activities and product launches. These companies are particularly focusing on catering to changing consumer preference across various nations.
In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.
FREQUENTLY ASKED QUESTIONS ABOUT FERTILITY SUPPLEMENTS MARKET
What drives the fertility supplements market?
Government support and initiatives adopted to educate the masses about importance of nutritional enrichment will support the market’s expansion
Which factors are likely to restrain fertility supplements market?
High prices of fertility supplements may discourage their purchase to an extent, especially in underdeveloped economies.
Which region leads the global fertility supplements market?
North America currently dominates the global fertility supplements market. However, during the course of the forecast period growth rate exhibited by the APEJ market is expected to be higher.
Which ingredient segment will hold highest share in fertility supplements market?
The natural segment is expected to hold dominance in the fertility supplements market.
Which segment based on end user will emerge dominant in fertility supplements market?
Women are likely to constitute higher share in the market in terms of end user.