Ferrous Fumarate is a type of iron supplement commonly used to treat iron deficiency anemia. The global ferrous fumarate market is primarily driven by the increasing prevalence of iron deficiency anemia, particularly among women and children. Additionally, the growing demand for dietary supplements and the rising awareness about the importance of proper nutrition and health are expected to drive market growth. However, the high prevalence of side effects associated with ferrous fumarate supplements, such as constipation and gastrointestinal distress, may hinder market growth. The availability of alternative iron supplements and the low consumer awareness in developing regions are also expected to impact market growth. The market is segmented by product form, application, and distribution channel, and is primarily dominated by North America and Europe, with Asia Pacific expected to witness significant growth during the forecast period.
Top Companies in the Ferrous Fumarate Industry:
1. Vifor Pharma
Vifor Pharma is a Swiss pharmaceutical company founded in 2007 and headquartered in St. Gallen, Switzerland. It specializes in the development and production of iron deficiency treatments, including ferrous fumarate. In May 2020, Vifor Pharma announced the acquisition of rights to commercialize a novel iron deficiency treatment in Europe and other international markets.
2. Ironwood Pharmaceuticals
Ironwood Pharmaceuticals is a US-based pharmaceutical company founded in 1998 and headquartered in Cambridge, Massachusetts. It focuses on developing treatments for gastrointestinal and other chronic diseases, including iron deficiency anemia. In March 2021, Ironwood Pharmaceuticals announced the FDA approval of a new treatment for iron deficiency anemia in adults.
3. Galenica group
Galenica group is a Swiss healthcare company founded in 1927 and headquartered in Bern, Switzerland. It operates in the areas of pharmaceuticals, healthcare, and logistics, and offers a range of iron supplements, including ferrous fumarate.
4. Allied Biochem Pvt. Ltd.
Allied Biochem Pvt. Ltd. is an Indian pharmaceutical company founded in 1979 and headquartered in Mumbai, India. It produces and supplies a range of pharmaceuticals and active pharmaceutical ingredients, including ferrous fumarate.
5. Lonye Technology Limited
Lonye Technology Limited is a Chinese manufacturer and supplier of chemical products, founded in 2003 and headquartered in Guangzhou, China. It produces and supplies a range of chemical products, including ferrous fumarate.
6. Shreeji Industries
Shreeji Industries is an Indian manufacturer and exporter of chemicals and pharmaceuticals, founded in 1983 and headquartered in Vadodara, India. It produces and supplies a range of pharmaceuticals, including ferrous fumarate.
7. Henan Sinotech Import & Export Corporation
Henan Sinotech Import & Export Corporation is a Chinese company founded in 1977 and headquartered in Zhengzhou, China. It operates in the areas of chemicals, minerals, and metallurgy, and supplies a range of chemical products, including ferrous fumarate.
*Definition- Ferrous fumarate is a type of iron supplement that is used to treat or prevent iron-deficiency anemia. It works by helping the body produce red blood cells.
