This study intends to unfurl the multiple facets of global fertility supplement market and thereby examine how the short-term growth of the market will unfold during the stipulated time span.
Rise in Fertility Rate to Augment Growth of Fertility Supplement Market
Growing rate of infertility, and impaired fertility among both men, and women worldwide continues to influence the fertility supplement market. Individuals are being focused on improving their sexual wellbeing and are willing to spend on fertility supplements. Moreover, rising consumption of alcohol and smoking has prevailed as a major aspect leading to infertility. This has further fuelled the demand for products like infertility drugs, fertility enhancers, consequently auguring well for the fertility supplement market.
Natural Fertility Enhancers to Gain Significant Traction, Consequently Facilitating Expansion of Fertility Supplement Market
Over past several years, the demand for natural and organic products has witnessed an upswing and this consumer sentiment has penetrated every industry. Nutraceuticals and health and wellness sector being no exception, the consumer inclination towards natural fertility supplements has grown significantly. Mainly driven by the growing incidences of infertility, patients are preferring natural fertility boosting medications rather than their synthetic counterparts. Individuals are consuming products derived from plants, and organic sources to maintain healthy lifestyle alongside lowering risks of side effects. Moreover, importance of biologically derived pharmaceutical drugs has been growing significantly, which is expected to boost the demand for natural fertility supplements, consecutively impacting the growth of fertility supplement market.
Demand for Fertility Drugs in Capsule Form to Reign Supreme, Thereby Complementing Fertility Supplement Market Growth
Fertility supplements are available in different formats such as capsules, soft gels, liquids, powders, and tablets. Among these, the consumption of fertility supplements through capsules has been reflecting an upward trend and is expected to maintain status quo in the forthcoming years. Major functional benefits offered by capsules such as quick absorption, fast acting capability and tamper resistance have fuelled their adoption in the distribution of fertility supplements. In addition, they are tasteless and facilitate higher absorption of drugs, which further uplifted their demand in the fertility drug sector. In this backdrop, momentous increase in sales of capsules is expected to largely contribute towards the revenue growth of the fertility supplement market.
North America to Present Potential Opportunities from an Investment Standpoint Apropos to Fertility Supplement Market
Developed nations in North America are poised to showcase high attractiveness with regards to consumption of fertility supplements. Both men, and women have been using fertility supplements to ensure wellbeing and overall health. In addition, rising prevalence of impaired fertility has become a topic of concern among both sexes. This has resulted in growing economic and mental burden among individuals that are opting for treating fertility impairment by adopting costly options of infertility treatment. This in turn translated into potential opportunities for the use of fertility supplements to avoid the economic burden. For instance, according to 2021 report of Centers for Disease Control and Prevention (CDC), around 14.1% of total women population in the United States in the age range of 15 – 49 years suffered from impaired fertility and around 6% of the women were infertile.
In addition, according to the United States Department of Health and Human Services (US HHS) data in its 2022 report, in the United States more than 40% of the male population in the age range of 20 years and above are obese and more than 15% of men in the same age range smoke frequently. Moreover, around 30.9% of men population with age more than 18 years consume more than five drinks each day and more than 50% of men in the country in the age range of 20 years and above suffer from hypertension. These negative health factors, especially hypertension and smoking are likely to invite infertility or impaired fertility and associated problems. This in turn has resulted in an increase in the sales of both men and women fertility supplements in the region. In this backdrop, the growth of the fertility supplement market in North America is expected to gain momentum in the coming years, making it a lucrative region from an investment standpoint.
Fertility Supplement Market: Competitive Scenario
Key players in the fertility supplement market have been focusing on enhancing patient outcome and success rates by carrying out research and development activities. They have been involved in the development of new product and their commercialization and provide improved fertility pills and vitamins for individuals. For instance, in April 2022, SLOW was introduced by Wellbeing Nutrition. This time conscious nutraceutical line is applicable for both women and men and includes 13 supplements that are designed for a wide range of health and wellness needs for individuals including fertility support. Same year, Ovaterra by Fertility Nutraceuticals launched new prenatal vitamin supplements, the Advanced Prenatal and Advanced Prep 35-39. These new fertility supplements include formulations with a recommended percentage of choline and are designed especially for nursing and pregnant women.
In February 2022, a new recyclable medication packaging for fertility – Slim Pack – was launched by EMD Serono. Made from fully recycled cardboard, this fertility packaging is designed to help pregnancy and ovulation among women who suffer from infertility caused by reasons apart from primary ovarian failure. Slim Pack is also designed to enhance efficiency, provide convenience, and improve portability without any compromise on the fertility medication quality it offers. Moreover, the recyclable packaging of this fertility product will also reduce the company’s carbon footprint by 33% worldwide. Similarly, in May 2022, a new prenatal fertility supplement for men and women was launched by WeNatal. Same year in November an Indian pharmaceutical company – Anglo-French Drugs and Industries Ltd. – announced its entry in the fertility supplement market space with the introduction of Lyber Range. This range includes fertility products and supplements that boost sperm count and quality. Such developments and new launches are likely to boost the growth of the fertility supplement market.
A few of the major players in the fertility supplement market include Fairhaven Health, Bionova, Vitabiotics Ltd., Coast Science, Exeltis USA Inc., LENUS Pharma GesmbH, and PregPrep LLC.
The Global Fertility Supplement Market is Segmented as Below:
By Distribution Channel
By End User
Key Elements Included In The Study: Global Fertility Supplement Market
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