Ferrous Sulfate Market on Track to Reach USD 1,069.41 Million by 2030

The global ferrous sulfate market is anticipated to experience substantial growth, projected to achieve a valuation of USD 1,069.41 million by 2030. This significant increase is driven by a variety of factors, including rising demand in the healthcare sector, expanding applications in water treatment, and robust growth in construction activities.

Market Drivers and Trends

Healthcare Applications: Ferrous sulfate plays a crucial role in treating iron deficiency anemia, a condition affecting millions worldwide. According to the WHO, anemia remains a significant health issue, particularly among women of reproductive age and children under five. The prevalence of iron deficiency anemia fuels the demand for ferrous sulfate supplements, as it is an effective remedy for increasing hemoglobin and red blood cell counts. The product's use extends to managing chronic conditions such as chronic kidney disease and in enhancing pre-surgical outcomes, given its ability to elevate iron levels and improve patient recovery​​. Regional Insights Asia Pacific leads the market, accounting for the largest share of 38% in 2022, driven by high demand in dietary supplements and robust industrial growth. The region's significant prevalence of anemia and increasing health awareness contribute to the rising consumption of ferrous sulfate supplements. Additionally, ongoing research into its potential benefits for conditions like restless leg syndrome and preeclampsia further boosts market growth in the region​​

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