PUBLISHER: Grand View Research | PRODUCT CODE: 1446569
PUBLISHER: Grand View Research | PRODUCT CODE: 1446569
The global fertility supplements market is expected to reach USD 3.52 billion by 2030, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 8.1% during the forecast period and is driven by factors such as rising healthcare costs, changing lifestyles, and medical advancements. Furthermore, the rising trend of women delaying pregnancies and rising concerns over the ongoing decline in fertility rates will boost market growth.
Synthetic/blend of natural and synthetic fertility supplements accounted for the largest market share. These supplements contain a mix of vitamins and natural ingredients to assist in boosting fertility. Selenium, zinc, folic acid, vitamin C, vitamin B6, CoQ1, and Myo-Inositol are among the major synthetic ingredients that are in demand and are easily available.
The capsules, tablets, and soft gels were the prominent product segments in the market. Capsules held a major share in 2022 owing to microencapsulation in the health and wellness industry. It ensures the controlled release and quick absorption of finished products and helps protect sensitive compounds such as polyphenols or probiotics. This is expected to prompt manufacturers to opt for capsule dosage forms over the forecast period. However, high prices incurred during the blistering packaging method are projected to refrain manufacturers from using capsule formulation over the forecast period.
Tablets are highly used because of their cost-effectiveness. Quality tablets and supplements largely use excipients which assist in quicker absorption and disintegration of tablets. Moreover, the natural coating provides better dissolution, while there are some other factors that determine the absorption based on efficacy and quality. All these factors are expected to drive the demand for tablet-type fertility supplements in the forecast period.
The use of plant-derived products has risen globally due to the increasing vegan population and emphasis on reducing the risk of side effects when consuming supplements. This trend will bode well for natural fertility supplements over the forecast period. According to an article published by the World Health Organization in May 2023, approximately 40% of the pharmaceutical products today are drawn from nature and traditional knowledge.