Market Size of Fertility Supplement Industry
|2019 - 2029
|Market Size (2024)
|USD 2.53 Billion
|Market Size (2029)
|USD 3.53 Billion
|CAGR (2024 - 2029)
|Fastest Growing Market
*Disclaimer: Major Players sorted in no particular order
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Fertility Supplements Market Analysis
The Fertility Supplement Market size is estimated at USD 2.53 billion in 2024, and is expected to reach USD 3.53 billion by 2029, growing at a CAGR of 6.83% during the forecast period (2024-2029).
The COVID-19 pandemic had a positive impact on the demand for fertility supplements as it was found that the virus had an impact on a person's level of fertility. According to the article titled "Potential Role of Zinc in the COVID-19 Disease Process and its Probable Impact on Reproduction", published in January 2021, zinc supplements can restrict or minimize damage to egg and sperm cells caused by the body's immune response to the coronavirus by enhancing immunity. In February 2021, researchers at the Wayne State University School of Medicine reported that people who were attempting to conceive during the pandemic might have a chance to enhance immunity against the virus. They might also be able to prevent mitochondrial damage in young eggs and sperm cells. Such studies have increased the demand for fertility supplements during the pandemic, thus having a positive impact on the market.
According to an article published in January 2021, zinc supplements help prevent or reduce the damage that the body's immune response to the virus might cause to the egg and sperm cells by boosting immunity. These research and developments have increased the demand for fertility supplements, thus positively impacting the market's growth.
The data published by the CDC, in April 2021, found that female and male factors were identified in 35% of the couples suffering from infertility. Only male factor was identified in 8% of couples suffering from infertility. Thus, the increasing incidences of infertility among men and women are increasing the demand for fertility supplements, which is anticipated to boost the market's growth over the forecast period.
The launch of fertility supplements is also expected to drive the market. For instance, in April 2022, Wellbeing Nutrition launched SLOW, a time-conscious range of nutraceuticals for men and women, which comprises 13 supplements. Each formulation has been specifically designed for a host of unique health and wellness needs, such as fertility support.
However, the government regulations to control birth rate and lack of awareness about the available products are expected to hamper the market's growth over the forecast period.