Global Fertility Supplements Market - 2022-2029

Global Fertility Supplements Market - 2022-2029

Market Overview

Fertility Supplements Market size was valued at USD 1,977.30 million in 2021 and is estimated to reach at a compound annual growth rate (CAGR) of 9.60% over the forecast period 2022 to 2029.

Fertility assists in producing offspring; however, in certain cases, failure in this process leads to infertility. To overcome such issues, there has been developed by pharmaceutical companies with the introduction of medicines in the form of soft gels, capsules, powders, liquids, and others. These drugs assist in treating infertility problems in men and women. Fertility supplements, also termed fertility drugs, are medications that improve reproductive fertility. For women, a fertility supplement is used to promote follicle development of the ovary. The increasing embracing of herbal medicines due to the rising concerns involving the harmful effects linked with conventional pharma drugs is likely to create growth opportunities for product manufacturers. Several government initiatives for generating awareness about innovations in supplement research and superior technology have helped consumers make supplement choices.

Market Dynamics

The demand for fertility supplements is expected to rise over the forecast period. The rising geriatric population and the increasing interest in preventive healthcare solutions are certain factors encouraging the growth of the market across the globe. With the rise in the education system, there is a rise in the preference for natural ingredients. There is an apparent rise in the demand for fertility supplements that contain ingredients, such as red clover, primrose oil, or grape seed extracts. These efforts are likely to have an encouraging impact on the overall market growth.

Moreover, doctors often recommend fertility supplements to assist couples and parents cope with their fertility concerns. This is expected to have a positive impact on the global market.

However, amendments in family planning regulations in China. With the introduction of the “one-child-per-couple” policy in China, the fertility of women has been negatively impacted.

Market Segmentation: The powder segment accounted for the highest share in global fertility supplements market.

The fertility supplements market has been classified into capsules, tablets, soft gels, powders, and liquids based on the product.

The fertility supplement powder segment dominated the market in 2022. It is owing to increasing awareness regarding the nutritional benefits linked with these products. These products facilitate unique mixes of ingredients, reduce gastrointestinal irritation, and ensure oil and fat-soluble nutrient delivery.

Based on the end-users, the fertility supplements market has been classified into men and women. The men segment accounted significant market share in the fertility supplements market during the forecast period. Immune system factors, varicocele, hypogonadism, systemic disease, urogenital infection, sexual factors, and undescended testicles are some of the major factors leading to fertility problems in men. In the last 50 years, sperm concentration has fallen considerably by 52% among men in Western countries. The drop is alarming as sperm concentration below 40 million per milliliter is considered below normal and can worsen fertility. All these factors have resulted in an increasing demand for fertility supplements for men.

Geographical Penetration: North America is the dominating region during the forecast period.

North America contributed the largest revenue share to the global fertility supplements market in 2022. This dominance is due to the presence of several key market players in the region, especially in the US. Moreover, the increasing health concerns among consumers further support the market growth in the region. Additionally, the growing prevalence of obesity and the rising number of diabetic patients in the region is augmenting the demand for fertility supplements in North America. However, Asia Pacific is projected to grow at the fastest CAGR in the global fertility supplements market over the forecast period. This growth is attributed to the change in the lifestyle of customers and the increase in health consciousness among the consumers. The market in this region is observing a radical transformation regarding rapid urbanization, diet diversification, and liberal trade policies in the food sector. Furthermore, an increase in the inclination of consumers toward healthy food products and a surge in purchasing power are certain factors offering growth opportunities for fertility supplements manufacturers in the region.

Competitive Landscape:

The fertility supplements market is highly competitive, owing to the presence of big food brands. The critical fertility supplements players which are contributing to the growth of the global market include Fairhaven Health, Coast Science Lenus, Pharma GesmbH, Active Bio Life Science GmbH, Orthomol Exeltis USA, Inc. PregPrep LLC, TTK Healthcare Ltd., Best made Natural Products, Curivo Healthcare Llp, Nutrifactor Laboratories (Pvt.) Limited, Xiamen Yuanzhidao Biotechnology Co., Ltd. and Shenzhen Hemp Bio-Tech Co., Ltd., among others. The major players are adopting new launches based on new material launches and expansion strategies for global growth in the fertility supplements market. In August 2022, Youtheory, a supplement brand, expanded its new line of liquid dietary supplements. This company is acquired by Canadian firm Jamieson wellness in a deal of $210 million. In April 2022, Ovaterra launched New Prenatal Vitamins in the market for fertility treatment. The supplements, designed in collaboration with fertility author Rebecca Fett, contain the full recommended daily allowance of choline. These two supplements are named Advanced Prenatal and Advanced Prep 35-39. Advanced Prep 35-39 includes 25mg of patented FERTINATAL, a micronized DHEA and is designed specifically for women aged 35-39, the more advanced reproductive age range.

COVID-19 Impact: Positive impact on the global fertility supplements market.

COVID-19 has led to an increase in fertility supplements amidst the pandemic. The company engaged in the fertility supplements market has witnessed a nominal surge in revenue during the pandemic. This is because COVID-19 certainly impacts the fertility level of a person, owing to which an intake of supplements has increased for fertility supplements post the outbreak of COVID-19.