Fertility Supplements Market to Grow with a CAGR of 8.07% through 2028
Increased fertility concerns, delayed childbearing,
and heightened awareness are expected to drive the Global Fertility Supplements
Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Fertility
Supplements Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Fertility Supplements
Market stood at USD 1.87 billion in 2022 and is anticipated to grow with a CAGR
of 6.29% in the forecast period, 2024-2028. This can be attributed to product
diversity and competition. The fertility supplements market is characterized by
a diverse range of products, each with its own unique formulation and marketing
strategy. This diversity fosters healthy competition among manufacturers and
allows consumers to choose products that align with their specific needs and
preferences.
Moreover, fertility supplements are diversifying
beyond traditional pill and capsule formats. Consumers are showing interest in
alternative delivery methods, such as gummies, powders, and liquid
formulations. These formats can offer convenience and variety, making it easier
for individuals to incorporate supplements into their daily routines.
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The market is expected to experience growth in the
coming years due to declining fertility rates, which can be attributed to an
increase in the number of smokers and the rising consumption of alcohol and
caffeine. Factors such as rising healthcare costs, changing lifestyles, food
innovations, and medical advancements have also contributed to the demand for
fertility products. Additionally, the global fertility supplement market is
expanding due to delayed pregnancies among women and ongoing declines in
fertility rates. Interestingly, the COVID-19 pandemic had a positive impact on
the demand for fertility supplements because research indicated that the virus
could affect fertility levels. A study published in January 2021, titled
"Potential Role of Zinc in the COVID-19 Disease Process and its Probable
Impact on Reproduction," suggested that zinc supplements could help
mitigate damage to egg and sperm cells caused by the body's immune response to
the coronavirus, thereby boosting immunity and increasing demand for fertility
supplements.
In the United States, the American Society for
Reproductive Medicine estimates that 35% of men and 30% of women of
reproductive age smoke cigarettes. Smoking has been linked to decreased
fertility, and it may render some fertility treatments, such as IVF, less
effective for women who smoke. Consequently, manufacturers of fertility
products are actively seeking ingredients that can counteract the negative
effects of smoking on fertility, presenting expansion opportunities for these
companies in the country.
The increasing use of fertility-boosting foods like
olive oil, whole grains, avocados, and high-fat dairy products is expected to
drive growth in the functional foods and beverages market, potentially slowing
the overall growth of the fertility supplement industry. However, consumers'
growing concerns about the adverse side effects of conventional pharmaceutical
drugs are anticipated to lead to increased adoption of herbal or botanical
medicines, benefiting product manufacturers. Government initiatives to raise
awareness about developments in supplement research and advanced technology
have also influenced consumers to make health-conscious choices when selecting
supplements, placing less emphasis on marketing and packaging.
The market is further driven by the growing preference
for infertility prevention measures, including maintaining a healthy diet and
increasing consumption of nutritional supplements. Infertility rates have risen
due to various factors, including sexually transmitted diseases (STDs) and
conditions that affect fertility, which is expected to contribute to the rapid
growth of the fertility supplement market in the near future. Consumers in
Argentina and Brazil have recently shown a heightened interest in improving
their sexual health and overall well-being, leading them to invest more in
suitable products. Consequently, it is anticipated that the demand for
fertility supplements will continue to rise in the coming years.
The Global Fertility Supplements Market is segmented into
ingredient, product, end-use, distribution channel, regional distribution, and
company.
Based on its product, the capsules segment dominated
the market. Nevertheless, the powder segment is poised for significant growth
with an impressive CAGR forecasted for the upcoming period. This growth is
driven by increased awareness of the nutritional benefits provided by powdered
products, their delightful flavors, and ease of incorporation into meals. These
products offer the flexibility to combine unique ingredients, minimize
gastrointestinal irritation, safeguard sensitive components, and ensure the effective
delivery of oil and fat-soluble nutrients, contributing to the segment's
expansion. However, the adoption of capsule formulations is expected to be
hampered by the high costs associated with blister packaging methods during the
projected timeframe.
The tablets segment emerged as the second-largest
product category in 2022. High-quality supplements contain excipients that
enhance tablet absorption and disintegration. While natural coatings improve
dissolution, factors like efficacy and quality play a crucial role in
absorption. These factors are anticipated to drive demand for fertility
supplements in tablet form over the forecast period. Furthermore, the ease of
absorption, cost-effectiveness, and disintegration properties are expected to
fuel the growth of this segment. Nonetheless, the size of tablets presents a
drawback, as they can be challenging to swallow and lack the dosing flexibility
offered by liquids and powders, potentially limiting growth in the near future.
Based on distribution channel, the largest market
share was attributed to over-the-counter segment in 2022. The market is
characterized by fragmentation due to heightened demand, the ready availability
of raw materials, and relatively relaxed regulations. To enter this fiercely
competitive market, companies should focus on incorporating FDA-regulated
ingredients backed by a substantial number of clinical trials or research
studies. An important trend within the OTC segment is the increasing use of
self-medication to address fertility issues. Moreover, factors such as
cost-effectiveness and the convenience of direct purchase are expected to
create opportunities for manufacturers of OTC fertility supplements in the near
future.
On the other hand, the prescribed segment is projected
to exhibit significant growth at an attractive CAGR from 2023 to 2030. This
growth is anticipated due to stringent regulations imposed by governing bodies
in certain regions, concerns regarding the efficacy of products not prescribed
by medical professionals, and a lack of awareness among individuals.
Additionally, the increasing expenditure on research and development, along
with financial support from both the public and private sectors, is expected to
drive demand for prescribed fertility supplements during the forecast period.
Major companies operating in
Global Fertility Supplements Market are:
- Fairhaven Health LLC
- Coastal Sciences
- LENUS Pharma GesmbH
- Orthomol Pharmazeutische Vertriebs
GmbH
- Exeltis USA Inc
- PrepMe LLC
- Bionova Inc
- TTK Healthcare Ltd
- Vitabiotics Ltd
- VH Nutrition LLC
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“The global fertility supplements market is entering
an exciting phase of growth and innovation. With a focus on personalized
supplements, science-backed formulations, natural ingredients, and diverse
product formats, the industry is poised to meet the evolving needs and
preferences of consumers. The inclusion of male-focused products and the
integration of telehealth services further demonstrate the market's commitment
to holistic reproductive wellness. As these trends continue to shape the
landscape, individuals and couples seeking fertility solutions can look forward
to a broader range of options that cater to their unique requirements and
aspirations,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Fertility Supplements Market By
Ingredient (Natural, Synthetic/ Blend of Natural
& Synthetic), By Product (Capsules, Tablets, Soft Gels, Powders, Liquids),
By End-use (Men, Women), By Distribution Channel (OTC, Prescribed), By Region, By Competition Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Fertility Supplements Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Fertility
Supplements Market.
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