Ferrous Sulfate Market Analysis

Application (Agriculture, Food Fortification, Pharmaceuticals)

The agriculture segment is projected to gain the largest share of the global ferrous sulfate market in the year 2037. The growth of the segment is impelled by the growing demand for organic food. The demand for organic food is growing, and Ferrous Sulfate is approved for use in organic farming as a source of iron. This is expected to drive demand for Ferrous Sulfate in the agriculture segment in the coming years. In a survey, 66% of consumers in the United States reported buying organic food at least occasionally, and 23% reported buying organic food always or most of the time.

End Use Industry (Pharmaceuticals, Food, and Beverage, Water Treatment)

Ferrous sulfate market from the pharmaceuticals segment is poised to garner a significant share in the year 2037. The growth of the segment is impelled by the growing aging population. As the global population ages, the incidence of iron deficiency anemia increases due to factors such as decreased iron absorption, chronic diseases, and the use of certain medications. This demographic trend is expected to drive demand for Ferrous Sulfate in the pharmaceutical segment. There is increasing awareness of the importance of iron supplementation in preventing and treating iron deficiency anemia. This is leading to greater demand for iron supplements, including Ferrous Sulfate, in the pharmaceutical industry.

Our in-depth analysis of the global market includes the following segments: