Europe Iron Bisglycinate Market was valued at USD 0.03 Billion in 2022 and is projected to reach USD 0.06 Billion by 2030, growing at a CAGR of 11.0% from 2024 to 2030.
The European iron bisglycinate market has experienced significant growth in recent years, driven by its superior bioavailability and minimal gastrointestinal side effects compared to traditional iron supplements. This chelated form of iron has become increasingly popular among consumers and industries alike, leading to a surge in demand across various sectors.
**Market Overview and Growth Drivers**
Iron bisglycinate, a chelated iron supplement, has gained prominence due to its enhanced absorption and reduced gastrointestinal discomfort. The European market for iron bisglycinate was valued at approximately USD 100 million in 2023 and is projected to reach around USD 200 million by 2030, growing at a compound annual growth rate (CAGR) of about 8% during this period. This growth is primarily attributed to:
Increasing Health Awareness: Consumers are becoming more health-conscious, leading to a higher demand for supplements that offer superior bioavailability and fewer side effects.
Rising Incidence of Iron Deficiency: With a growing awareness of iron deficiency anemia, both preventive and therapeutic use of iron supplements has risen, boosting the demand for iron bisglycinate.
Preference for Chelated Minerals: The food and beverage industry is incorporating chelated minerals like iron bisglycinate into their products to enhance nutritional profiles, catering to the health-conscious consumer base.
**Types of Iron Bisglycinate Products**
Iron bisglycinate supplements are available in various forms to cater to diverse consumer preferences and industry requirements. The primary product types include:
Capsules and Tablets: These are the most commonly used forms due to their convenience, precise dosing, and longer shelf life. Capsules are particularly favored for their ease of consumption and ability to mask the metallic taste of iron.
Powder: Used primarily in the food and beverage industry for fortification purposes, powder form offers flexibility in application, allowing manufacturers to incorporate the iron supplement into various products such as cereals, dairy products, and beverages. It is also used in the preparation of customized dietary supplements, catering to specific consumer needs.
Liquid: Liquid forms of iron bisglycinate are gaining traction due to their ease of consumption and suitability for individuals who have difficulty swallowing pills. They are also used in certain pharmaceutical formulations and pediatric supplements.
**Industry Requirements and Applications**
Various industries utilize iron bisglycinate to meet their specific requirements:
Dietary Supplements: The largest application segment, driven by the increasing focus on preventive healthcare and the rising incidence of iron deficiency anemia. Consumers are increasingly turning to dietary supplements to meet their nutritional needs, and iron bisglycinate is favored for its high bioavailability and efficacy in combating iron deficiency.
Pharmaceuticals: Used in the formulation of iron supplements and medications prescribed for the treatment of iron deficiency and anemia. The medical community's recognition of iron bisglycinate's superior absorption and lower side effects compared to other iron salts has led to its increased adoption in pharmaceutical products.
Food and Beverages: Manufacturers are incorporating iron bisglycinate into their products to enhance nutritional profiles and cater to the growing consumer demand for fortified foods. Iron-fortified products such as cereals, bread, dairy products, and beverages offer a practical solution to address iron deficiency in the population.
Animal Feed: The livestock industry is increasingly focusing on improving the nutritional value of animal feed to enhance animal health and productivity. Iron bisglycinate is being used to fortify animal feed, driven by the growing demand for high-quality meat and dairy products.
The European iron bisglycinate market continues to evolve, influenced by consumer preferences, industry innovations, and a heightened focus on health and wellness. As industries adapt to meet the growing demand for bioavailable iron supplements, iron bisglycinate is poised to play a pivotal role in addressing iron deficiency across the continent.
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Thorne
G&G Vitamins
New Roots Herbal
DFS
Vitazan Professional
Golden Naturals
NOW
HealthAid
Natures Aid
REFLEX
Cambridge Commodities
Bioclinic Naturals
Albion Minerals
Solgar
Pure Encapsulations
Doctor's Best
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Iron Bisglycinate Market
Iron Bisglycinate Capsules
Iron Bisglycinate Tablets
Iron Bisglycinate Powder
Pharmaceuticals
Food & Beverages
Dietary Supplements
Animal Feed
Healthcare Providers
Consumers
Healthcare Institutions
Solid Formulation
Liquid Formulation
Online Retailers
Offline Retailers
Direct Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Iron Bisglycinate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Iron Bisglycinate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Iron Bisglycinate Market, By Type
6. Europe Iron Bisglycinate Market, By Application
7. Europe Iron Bisglycinate Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Iron Bisglycinate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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