According to World Health Organization (WHO), even in developing countries, every second pregnant women and 40% of pre-school children are suffering from anemia. Anemia is caused due to the deficiency of iron in blood, which is a serious and widespread nutritional deficiency disorder all over the world.
Through several researches and studies, a new way of curing or preventing anemic disorders has been developed. Food fortification is the globally accepted method through which anemia can be wiped away from the globe very effectively.
There are various iron sources available for food fortification in market, for e.g., ferrous fumarate, zinc sulfate, ferrous gluconate, ferrous succinate, and electrolytic iron. Ferrous fumarate is proving to be the most economical and effective medical treatment for iron deficiency among the public.
Ferrous fumarate (C4H2FeO4), often termed as Iron (II) fumarate is the iron salt of fumaric acid. Ferrous fumarate is a reddish orange or reddish brown powder which is commonly used to supplement iron intake.
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Ferrous Fumarate Market: Market Dynamics
In today’s world, people are becoming conscious about their weight and cholesterol levels. But the concept of balanced diet seems to disappear faster, resulting in a diet that lacks some vital minerals and vitamins such as iron. Deficiency of iron sources in diet can lead to anemia, which will impact the day-to-day activities and performance negatively.
According to WHO, about two billion people i.e. 30% of world’s population is suffering from anemia and even larger number of people are suffering from iron deficiency. Anemia mostly affects all population group, although it is mostly found among pregnant women and children. Public awareness and government support will drive the growth of ferrous fumarate market in such regions.
The advanced communication technology has provided platform to reach out to a large number of population in the country to keep them conscious about healthy diet by providing health care tips and precaution against severe diseases.
Furthermore, online forums and magazines related to health & fitness give knowledge about all kinds of diseases and offer details about medicines and precautionary steps related to each. These sources of information act as indirect key growth drivers for global ferrous fumarate market.
Global population is growing faster and is expected to reach more than eight billion by the end of 2030. Growing population is boosting the demand for food and beverages in the world, which in turn promote the necessity of organized and packaged food and beverages.
Food industry is not only limited to satisfying the hunger of people, but it is also meant to provide vital nutrients through the food humans intake. Furthermore, consumption of ferrous fumarate as iron fortification sources in different food products such as energy powder, food and beverages is fuelling the demand for ferrous fumarate, and in that way the market is expanding unconditionally.
Ferrous Fumarate Market: Region-wise Outlook
Asia Pacific is expected to witness significant growth in ferrous fumarate market. China and India are expected to show growth in production of ferrous fumarate during the forecast period due to availability of raw materials and advanced production facility which are pushing production in Asia Pacific region.
North America is expected to show considerable growth in ferrous fumarate market due to food fortification acceptance from government and consumers.
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Ferrous Fumarate Market: Market Participants
Examples of some of the market participants in the global ferrous fumarate market identified across the value chain include: Hindustan basic drugs, Jost Chemical, P J Chemicals, Ferro Chem, Salvichem, FOODCHEM, Abhishek Organics Private Limited. among others.
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