According to the report by Expert Market Research (EMR), the global fertility supplements market size reached a value of approximately USD 1.93 billion in 2022. Aided by the increasing awareness about fertility issues, rising infertility rates across the globe, the market is projected to further grow at a CAGR of 8.3% between 2023 and 2031 to reach a value of USD 3.95 billion by 2031.
Fertility supplements are products aimed at enhancing the chances of conception. They are commonly used to correct nutrient deficiencies that affect reproductive health. These supplements typically contain vitamins, minerals, antioxidants, and herbal extracts. They are increasingly sought after due to their role in improving reproductive health, boosting fertility, and reducing the risks associated with child conception and birth.
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The rising awareness of reproductive health issues and the increasing preference for supplements to enhance fertility are major drivers of global fertility supplements market growth. In addition, there has been a notable shift towards the consumption of fertility supplements with the growing knowledge about the significant role that nutrition plays in reproductive health. The escalating prevalence of infertility worldwide due to various factors, such as delayed marriages, lifestyle changes, and increasing age, has further amplified the demand for fertility supplements.
The expanding use of fertility supplements in the healthcare sector also contributes substantially to the market growth. Fertility supplements are increasingly recommended by healthcare professionals to patients struggling with fertility issues. They are also widely used in fertility clinics, hospitals, and by gynaecologists for managing patients’ fertility issues.
Moreover, ongoing research and development efforts aimed at formulating effective fertility supplements with minimum side effects boost prospects for fertility supplements market. Also, the advent of personalised or individualised fertility supplements based on genetic makeup or specific nutrient deficiencies represents a significant breakthrough in the industry.
Additionally, growing health consciousness, especially among women, the rise in disposable incomes, and the increasing availability of fertility supplements online and over-the-counter have further accelerated the fertility supplements market expansion. The market is further propelling due to a number of public campaigns to increase consumer knowledge of fertility supplement improvements and their superior technology.
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Fertility Supplements Market Segmentation
The market can be divided based on ingredient type, product type, procedure, end user, distribution channel, and region.
Market Breakup by Ingredient Type
• Natural
• Synthetic/Blend of Natural and Synthetic
Market Breakup by Product Type
• Capsules
• Tablets
• Soft gels
• Powders
• Liquids
Market Breakup by Procedure
• IVF with ICSI
• IUI
• Surrogacy
• IVF without ICSI
• Others
Market Breakup by End User
• Fertility Clinics
• Hospitals
• Surgical Centres
• Clinical Research Institutes
• Others
Market Breakup by Distribution Channel
• Over The Counter (OTC)
• Prescribed
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global fertility supplements companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• CARE Fertility
• Xytex Corporation
• FUJIFILM Irvine Scientific
• INVO Bioscience
• ALABAMA FERTILITY
• Shivani Scientific
• IVFtech Aps
• WebMD LLC
• Coast Science
• Ocean Healthcare Private Limited
• Genea Limited
• Medicover AB
• Monash IVF Australia
• Progyny, Inc
• Apollo Fertility
• Carolinas Fertility Institute
• Bayer AG
• Zenith Nutrition
• SUPPLEMENA
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