Ferrous Bisglycinate Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 9.2% from 2026 to 2033.
South Korea's Ferrous Bisglycinate Market is witnessing notable growth, driven by a surge in demand for high-bioavailability iron supplements across various industries. This chelated iron compound, known for its superior absorption and minimal gastrointestinal side effects, is increasingly favored in pharmaceutical, nutraceutical, and food sectors.
In 2023, the global Ferrous Bisglycinate market was valued at approximately USD 2.23 billion, with projections indicating a rise to USD 4.1 billion by 2032, reflecting a CAGR of 7.01%.
South Korea's mineral supplements market, encompassing iron supplements like Ferrous Bisglycinate, generated revenue of USD 662.8 million in 2023 and is expected to reach USD 972.3 million by 2030, growing at a CAGR of 5.6%.
Ferrous Bisglycinate is available in various forms to cater to diverse industry needs:
Capsules and Tablets: Predominantly used in pharmaceuticals and dietary supplements due to their convenience and precise dosing.
Powder Form: Utilized in the food and beverage industry for fortification purposes, offering easy integration into various products.
Liquid Form: Preferred in pediatric and geriatric nutrition for ease of consumption.
The demand for Ferrous Bisglycinate in South Korea is influenced by several factors:
Pharmaceutical Industry: Increasing cases of iron-deficiency anemia have led to a higher demand for effective iron supplements.
Nutraceutical Sector: Growing consumer awareness about health and wellness is driving the demand for high-quality dietary supplements.
Food and Beverage Industry: There's a rising trend of fortifying foods and beverages with iron to address nutritional deficiencies.
Moreover, the shift towards plant-based diets and the emphasis on preventive healthcare are contributing to the market's expansion. Manufacturers are focusing on developing vegan-friendly and hypoallergenic formulations to cater to a broader consumer base.
South Korea maintains stringent regulations to ensure the safety and efficacy of dietary supplements. Ferrous Bisglycinate products are required to adhere to Good Manufacturing Practices (GMP), ensuring consistent quality and compliance with international standards.
In conclusion, the Ferrous Bisglycinate Market in South Korea is poised for significant growth, fueled by increasing health consciousness, technological advancements in supplement formulations, and supportive regulatory frameworks. Industries are expected to continue investing in innovative solutions to meet the evolving nutritional needs of the population.
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Global Calcium
Aditya Chemicals
Muby Chemicals
Selleck
Kd Chem Pharma Private Limited
WorldOfChemicals
DM Pharma
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 South Korea Ferrous Bisglycinate Market
Powder
Tablets
Capsules
Liquid
Dietary Supplements
Pharmaceuticals
Food Fortification
Nutraceuticals
Healthcare Providers
Retail Consumers
Fitness Industry
Food Manufacturers
Online Retail
Pharmacies
Health Food Stores
Supermarkets/Hypermarkets
Synthetic Sources
Natural Sources
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Ferrous 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. South Korea Ferrous Bisglycinate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Ferrous Bisglycinate Market, By Type
6. South Korea Ferrous Bisglycinate Market, By Application
7. South Korea Ferrous Bisglycinate Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Ferrous Bisglycinate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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