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The global stress supplements market is witnessing significant growth due to the rising awareness among individuals about mental health. Additionally, the increasing prevalence of mental illness, such as depression, anxiety, and substance abuse, is leading to an increased demand for these supplements. Stress supplements are intended to maintain the hormonal homeostasis in individuals. This includes vitamins, minerals, amino acids, and other adaptogenic substances that are used to stabilize the physiological processes and promote homeostasis.
Increasing Awareness about Mental Health to Boost Market Growth
Globally, the fast-paced lifestyles and socio-economic pressures are increasing stress, anxiety, and other mental illnesses in individuals. There has been a cultural shift toward the de-stigmatization of mental health issues, leading to an increased openness in discussing stress, anxiety, and depression. This has augmented the awareness among people and encouraged individuals to seek solutions for managing their well-being, which includes the adoption of stress supplements. Additionally, government initiatives are expected to increase mental health awareness among the population and the demand for these supplements is expected to grow significantly over the forecast period.
The bar graph illustrates the prevalence of various mental illness in the U.S. The data suggested that 59.3 million adults are living with any mental illness which is around 20% of the adults in the U.S. Furthermore, it shows that 48.7 million people in the U.S., had substance use disorder and 28.8 million people have experienced eating disorder in 2022. The survey was conducted by Substance Abuse and Mental Health Services Administration (SAMHSA) for 2022 in the U.S.
Limited Regulations for Stress Supplements May Limit Market Growth
The lack of standardized regulations can lead to significant variations in product quality, efficacy, and safety. Additionally, the limited regulations increase the misleading labeling of the products that can result in adverse effects and could potentially hamper the market growth.
Product Innovations in Stress Supplements to Bolster Growth Opportunities
In recent years, several R&D activities have been undertaken for the development of innovative stress supplements. The combination of compounds that include vitamins, minerals, and herbal extracts can act synergistically to offer better stress relief solutions.
The rising investments in R&D activities to offer new products could offer new opportunities in the market.
By Type | By Form | By Distribution Channel | By Geography | |
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The report covers the following key insights:
Based on type, the market is fragmented into natural and synthetic.
The synthetic segment accounted for a significant revenue share in the market. The synthetic segment includes products that have melatonin, magnesium, L-theanine, and other chemically derived compounds. These synthetic supplements have demonstrated robust clinical evidence supporting their efficacy. Additionally, the target formulation of these products is increasing the adoption of these products and is expected to drive market growth across the globe.
By form, the market is categorized into tablets, capsules, and others.
The capsules segment accounted for a significant market share. The segmental growth can be attributed to its wide availability in terms of multiple dosing options. Additionally, these capsules allow for the encapsulation of a diverse range of stress-life ingredients with minimal excipients. Furthermore, the capsules are easier to swallow and can accommodate various filling materials, including granules, pellets, and liquids, making them a favored choice. Moreover, the launch of new and advanced products is expected to drive the market growth.
By distribution channel, the market is fragmented into hospital pharmacies, drug stores & retail pharmacies, online pharmacies, and others.
The online pharmacies segment accounted for a substantial share in the global market. The growth of e-commerce has made stress relief supplements more accessible to consumers. Online platforms provide convenient purchasing options, allowing individuals to explore and buy these products. These advantages are expected to increase the growth of these online pharmacies across the globe.
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Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for the largest market share in 2023. Factors such as the increasing cases of depression, anxiety, eating disorders, and other mental illnesses and focus on preventive medicine are contributing to the regional market growth. Additionally, the advanced product launches such as encapsulated, comprehensive health supplements are the factors expected to drive the regional growth during the forecast period.
Europe holds a considerable market share. This was owing to preventive lifestyles and increasing demand for stress relief supplements in the region. Additionally, strategic initiatives by key players are expected to increase the expansion of stress supplements in the region.
The Asia Pacific market is expanding at a high CAGR during the study period. Rising awareness of stress control and an increasing number of local players are the factors making the Asia Pacific region a potential market.
The global stress relief supplements market is fragmented and report includes the profiles of the following key players:
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