Stress Relief Supplements Market Overview:
Stress Relief Supplements Market Size is expected to grow at a CAGR 6.75% to meet the target of USD 756.6 million by the end of the year 2028. Our bodies' natural response to the difficulties we experience every day is stress. Stress management is crucial since it has a direct impact on mental health. Self-care techniques can lower and manage stress levels, but there are occasions when supplements are needed. These supplements offer a focused nutritional strategy for reducing stress.
The issue of stress management has gained international attention, which has weakened the healthcare system, negatively impacted working hours, and cost organisations a lot of money. Workers that experience stress miss roughly 205 million working days annually in the United States, which results in decreased production. With the rising prevalence of stressful lifestyles and the rising number of sleep-deprived people, stress relief pills are the healthcare sector's fastest-growing field. People are increasingly turning to natural or herbal remedies like chamomile and ashwagandha like a stress reliever as they become more aware of the negative side effects of conventional stress relievers. Over the ensuing years, it is predicted that this will be a prominent trend on the global market.
Market Segmentation:
By Source
According to the source, the market for supplements for reducing stress has been segmented into ashwagandha, chamomile, lavender, melatonin, rhodiola, L-theanine, and many others. The ashwagandha market sector had the most market share in 2020.
By Category
The industry for supplements for stress relief has been segmented depending on form into capsules and tablets, oils, powder, and others. In 2020, the sector for capsules and tablets held the biggest market share.
Using Category
The market for supplements for reducing stress has been segmented into organic and conventional products depending on category. The ashwagandha market sector had the most market share in 2020. The materials used to make conventional supplements for stress alleviation are farmed using standard farming methods.
By Distribution Channel
The market for stress-relieving supplements has been divided into store-based as well as non-store-based segments depending on distribution channel. In 2020, the category located in stores held the biggest market share. Supermarkets and hypermarkets, specialty shops, as well as other stores make up the store-based component.
Regional Classification:
The Stress Relief Supplements Market Overview in Europe, North America, Asia-Pacific, as well as the rest of the world have been segmented.
Market in North America
In terms of market share, North America held the largest position in the international market for supplements for stress reduction in 2020 and is anticipated to hold that position during the projection timeframe. Because customers in the area are becoming more health concerned, they are gravitating toward preventive healthcare. In the US, there is a very high demand for stress-relieving supplements, which is fueled by factors such as an ageing population, an emphasis on preventative healthcare, growing consumer awareness, plus internet sales.
Asia-Pacific Market
It is projected that Asia-Pacific would be a lucrative market for companies who make supplements for reducing stress. During the projected period, Asia-Pacific is expected to grow at the quickest rate. The expansion of the organized retail market plus manufacturer promotions on social media are two additional major drivers of the selling of supplements for reducing stress, particularly in emerging nations.
Top Key Players:
Prominent players in the global Stress Relief Supplements Market include ADM (US), PharmaLinea Ltd. (Slovenia), Virtue Vitamins, LLC (US), NaturesPlus (US), The Himalaya Drug Company (India), Plant Therapy Essential Oils Corporate (US), Cureveda (India), Naturalife Asia Co., Ltd. (Korea), Ricola (Switzerland), and Nutraceutical International Corporation (US)
Industry News:
Adopting healthy lifestyles is also being influenced by growing worries about the incidence of lifestyle disorders like malnutrition, obesity, as well as nutritional deficiencies. As a result, the adoption of new technology and treatments, excessive use of tests and procedures, and a loss of transparency as well as information regarding the costs and quality of medical services have all contributed to a dramatic rise in healthcare expenditures.
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