Market Size of North America Prenatal Supplements Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.11 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Prenatal Supplements Market Analysis
The North America prenatal supplements market is forecasted to witness a CAGR of 6.11% during the forecast period (2020 - 2025).
- The US had by far the highest number of births among developed markets, at some four million a year. Moroever, United States and Canada are one of the two most developed market for pregnancy and baby goods, with average spending remaining high among parents-to-be, and new parents, owing to the the government welfare schemes for pregnant women, higher consumer awareness and professional advice from the doctors, which is driving the North America prenatal supplements market in the North American region and also at a global level.
- Moreover, with the advent of the COVID19, more pregnant women particularly in the United States, are expected to increase the consumption of these supplements, so as to keep their and their baby immunity intact.
- According to the 2018 report by the Centers for Disease Control and Prevention, the U.S. birthrate had also fallen again in 2018, to 3,788,235 births, representing a 2% drop from 2017. It was the lowest number of births in 32 years as per the report. The numbers also sank the U.S. fertility rate to a record low. Therefore this has been the major factor that has been restraining the prenatal supplements market growth in the North American.
