Ferrous Sulfate Market Size

Ferrous Sulfate Market size was over USD 11.76 billion in 2024 and is poised to reach USD 32.58 billion by the end of 2037, growing at around 8.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ferrous sulfate is assessed at USD 12.53 billion..

The market growth is attributed to the increasing demand for iron supplements and the growing awareness of iron-deficiency anemia. The World Health Organization (WHO) estimates that over 30% of the world's population suffers from anemia, and iron-deficiency anemia is the most common form of anemia.

In addition to this, ferrous sulfate is also used in the water treatment, agriculture, and textile industries. It is used as a flocculating agent in water treatment plants, as a nutrient for crops in agriculture, and as a dye in the textile industry. According to the Food and Agriculture Organization of the United Nations (FAO), global agricultural production is expected to increase by 1.2% per year over the next decade, driven by population growth and increasing demand for food.