A recent report published by Infinium Global Research on the fertility supplements market provides an in-depth analysis of segments and sub-segments in the global as well as regional fertility supplements market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional fertility supplements market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global fertility supplements market. According to the report, the global fertility supplements market is projected to grow at a CAGR of over 7% over the forecast period of 2022-2028.
The global fertility supplements market was valued at nearly USD 1800 million in 2022 and is expected to reach over USD 2700 million in 2028, with a CAGR of over 7% during the forecast period. The increase in smokers, which has resulted in decreased birth rates, as well as the increased intake of alcohol and caffeine, are expected to drive market expansion in the upcoming years. Factors including rising healthcare costs, altering lifestyles, new food innovations, and medical developments have fueled the demand for the product. Furthermore, as a result of women delaying pregnancies and continuous fertility rate reductions, the market for fertility supplements is growing globally. Because it was discovered that the COVID-19 virus affected a person's degree of fertility, the COVID-19 pandemic had a favorable effect on the market for fertility supplements. Additionally, zinc supplements can limit or minimize damage to egg and sperm cells caused by the body's immune response to the coronavirus by boosting immunity, according to the article "Potential Role of Zinc in the COVID-19 Disease Process and its Probable Impact on Reproduction" published in January 2021. Such research raised consumer demand for reproductive supplements during the epidemic, which benefited the industry.
One of the main factors fueling the surge is the increase in fertility rates caused by rising alcohol, caffeine, and cigarette intake. It is anticipated that this trend will be fueled by the decreased birth rates among smokers and the growth in alcohol and caffeine consumption. The growing geriatric population, rising prices for human services, changing lifestyles, clinical discoveries, and perceptions about the high cost of fertility supplements have all fueled market growth and product demand. Further, increasing the significance of foods like avocados, olive oil, whole grains, and high-fat dairy products used in boosting fertility is necessary to increase the scope of functional food and beverages in the future. The growing elderly population and the growing preference for reproductive prevention measures, including fertility supplements, are significant causes. In addition, the rise in infertility rates is caused by a number of illnesses, including sexually transmitted infections (STDs) and conditions that affect fertility. Therefore, it is projected that the market for fertility supplements would develop more rapidly as infertility rates rise in the near future. However, increasing consumer concern over the negative side effects of conventional pharmaceutical drugs is expected to hamper the market growth.
Over the course of the projection period, Asia Pacific is anticipated to grow extremely quickly. Growing nutritional awareness in China and India is anticipated to continue to be advantageous for the region's development. Additionally, the expansion of the retail market in developing nations like China, India, Malaysia, and Indonesia as a result of regulatory support for investment is predicted to increase purchasers' access throughout the course of the projected period. Government policies like the "one-child-per-couple" rule, which forced women to have abortions or forced sterilizations, decreased fertility. However, it is anticipated that significant revisions to family planning legislation and the abolition of the one- and two-kid per couple laws will have a significant impact on fertility rates.
The report on the global fertility supplements market covers segments such as ingredient, product, and end-use. On the basis of ingredient, the sub-markets include natural, and synthetic/ blend of natural & synthetic. On the basis of product, the sub-markets include capsules, tablets, soft gels, powder, and liquids. On the basis of end-use, the sub-markets include men, and women.
The report provides profiles of the companies in the market such as Fairhaven Health, LLC, Nordic Naturals, Coast Science, Exeltis USA, Inc., Bionova, Ovaterra, Vitabiotics Ltd., Zenith Nutrition, Orthomol pharmazeutische Vertriebs GmbH, and VH Nutrition LLC.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the fertility supplements market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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