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Ferrous Fumarate Market is seeking business across the pharmaceutical products by 2024

Author : Ronak Bora | Published Date : 2019-04-09 

The report presenting a comprehensive exploration of the global Ferrous Fumarate Market encloses the rate of growth of the market over the projected duration. Providing a concise synopsis, the report determines the valuation and size of the industry in the near future. It also includes the major contributing factors to the growth of the global Ferrous Fumarate Industry as well as the dominating players in the market coupled with their market share.

Due to negligible potential side effects, ferrous fumarate market is set to witness substantial growth in the forecast period. The United States Food and Drug Administration (FDA) and European Medicines Agency have also regulated the product’s use in pharmaceutical products like tablets and capsules for fueling iron contents in the human bodies.

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Global Ferrous Fumarate Market Size will witness robust growth owing to its extensive use as an iron supplement. Ferrous fumarate, also popularly known as iron fumarate, is an odorless reddish-brown or reddish-orange powder, with iron content of almost a third in pure form.

Apart from products, the global ferrous fumarate market can also be classified on the basis of end-user industries such as food, pharmaceutical and chemical. The product is added to several foods such as malt based energy drinks for children and other milk based drinks to enhance the iron content in the food. In pharmaceutical industry, the product is used in different medicines, tablets, and capsules as a supplement for iron deficiency whereas in the chemicals industry, the product finds its use for chemical syntheses

The global ferrous fumarate market is growing rapidly owing to huge expansions in the pharmaceutical industry. The pharmaceutical industry is the major end user industry and was valued at over USD 750 billion in 2016. Due to presence of international drug manufacturers and a mature pharmaceutical market, North America has a considerable ferrous fumarate business share. Asia Pacific is considered as the fastest growing market due to increasing number of pharmaceutical manufacturing activities in developing countries such as India and China. These countries are the largest product consumers in this region. India is also one of the largest exporter of the product.

 

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The ferrous fumarate market demand is growing consistently in Europe despite of the economic slowdown in the region. This is due the presence of pharmaceutical manufacturers on a large scale in the countries such as Italy, Germany, and Belgium. Considering Latin America and Middle East & Africa, the ferrous fumarate industry demand is comparatively low due to lesser presence of pharmaceutical producers in these regions. Furthermore, gradual development in Latin America in near future is expected to fuel the ferrous fumarates market demand in that region.

Prominent players operating in the global ferrous fumarate market include Henan Sinotech, Shreeji Industries, Lonye Technology, Allied Biochem, Galenica group, Ironwood Pharmaceuticals, Vifom Pharma, Abhishek Organics, Foodchem, Salvichem, Ferro Chem, P J Chemicals, Jost Chemical, Hindustan basic drugs, Ganesh Benzoplast, Triveni chemicals, Salvi Chemical Industries, Nitika Chemicals, ChemNet and SRS Pharmaceuticals Pvt. Ltd. to name a few.

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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