Emphasis on Ingredient (Natural, and Synthetic/Blend of Natural & Synthetic); Product (Capsules, Tablets, Soft Gels, Powder, and Liquid); End-User (Men and Women); Distribution (OTC and Prescribed); and Region/Country
Global Fertility Supplement Market is expected to grow at a significant rate of around 7.8% during the forecast period. Fertility supplement contains nutrients, such as folic acid, fish oil, selenium, vitamin E, vitamin D, and others to enhance the fertility of the individuals. Surge in the prevalence of infertility globally and rising rates of obesity are the key drivers boosting the growth of the market. For instance, according to the World Health Organization, in 2021, there were around 48 million couples, and 186 million individuals suffering from infertility disease globally. Apart from this, an increase in disposable income and the high adoption of a sedentary lifestyle is also having a positive impact on the market during the forecast period.
Fairhaven Health; Coast Science; Lenus Pharma GesmbH; Bionova; Vitabiotics Ltd.; Orthomol; Exeltis USA, Inc.; The Bird and Be Co. Inc.; VH Nutrition LLC, and TTK HealthCare Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, tablet category to witness higher CAGR during the forecast period”
Based on product, the market is categorized into capsules, tablets, soft gels, powder, and liquids. The tablets segment is expected to grow with high CAGR rates during the forecast period. Excipients in high-quality supplements help in tablet absorption and disintegration. Although the natural coating enhances dissolution, several other factors including efficacy and quality influence absorption. These factors are expected to drive the growth of the market during the forecast period. Apart from this, the product’s ease of absorption, cost-effectiveness, and disintegration are other factors propelling the growth of the market.
“Amongst end-user type, the female to hold a significant share in the market in 2020”
On the basis of end-user, the fertility supplement market is segmented into men and women. Women held the maximum share in the global market due to an increase in fertility issues among married infertile women. Moreover, companies are rapidly launching their product in the global market which is also driving the growth of the market during the forecast period. For instance, in May 2020, WellSource Nutraceuticals launched Methyl-NX to specifically address the unique design criteria to support in vitro fertilization and fertility programs. It was created to provide sufficient quantities of bioactive folate, essential B vitamins and omega-3.
“North America to hold a significant share in the market”
In 2020, North America held a significant share of the global fertility supplement market which is due to the rising population of infertile men and women. According to the data from the Centers for Disease Control and Prevention (CDC), in 2017, around 6 million women which are estimated to be around 10% of the US women population have difficulty in conceiving a child. Additionally, in the US, there were more than 15 out of every 100 adults aging 18 or more smoke, according to the CDC. Similarly, the healthcare expenditure of the U.S. is high which is another factor driving the market’s growth.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Fertility Supplement Market
6. Fertility Supplement Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Ingredient
8. Market Insights By Product
9. Market Insights By End User
10. Market Insights By Distribution
11. Market Insights By Region
12. Fertility Supplement Market Dynamics
13. Fertility Supplement Market Opportunities
14. Fertility Supplement Market Trends
15. Demand And Supply-side Analysis
16. Value Chain Analysis
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Fertility Supplement Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global fertility supplement market were the three major steps undertaken to create and analyze the adoption of fertility supplements in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global fertility supplement market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the fertility supplement market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the fertility supplement market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as ingredient, product, end-user, and distribution. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the fertility supplement market. Further, we conducted factor analysis using dependent and independent variables such as various ingredient, product, end-user, and distribution of fertility supplement. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the fertility supplement market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global fertility supplement market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global fertility supplement market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, application, disease, and distribution channel in the global fertility supplement market.
The main objective of the Global Fertility Supplement Market Study
The current & future market trends of the global fertility supplement market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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