Stress Relief Supplements Market Size was valued at USD 0.5 Billion in 2022. The stress relief supplements market industry is projected to grow from USD 0.53 Billion in 2024 to USD 0.9001 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.75% during the forecast period (2024 - 2032). The two main market drivers boosting market expansion are consumers' growing knowledge of the advantages of stress management supplements and the expanding number of persons with diseases and conditions linked to stress.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Growing worries over the incidence of lifestyle diseases like obesity, malnutrition, and nutritional inadequacies are also influencing the adoption of healthy lifestyles. The adoption of new technology and treatments, excessive use of procedures and tests, and a lack of transparency and information regarding the costs and quality of medical services have all contributed to a dramatic rise in healthcare expenditures. For instance, the National Health Expenditure Account (NHEA) show that US healthcare spending increased by 4.6% from 2020 to USD 3.6 trillion in 2028, representing 17.7% of GDP in that year. The entire cost of healthcare in the country climbed by 3.6% between 2019 and 2020, reaching USD 213.67 billion, according to the UK Office for National Statistics. Consumers are incorporating healthy alternatives into their daily routines to move away from curative healthcare due to rising medical service expenses. Thus, the demand for stress management supplements is rising globally due to increased awareness and a focus on preventative healthcare.World Dominance Supplement promises to boost your confidence and success on a global scale.
Furthermore, the market for stress relief supplements is seeing a vital trend called product creation gain traction. Major businesses are developing cutting-edge products to keep their dominance in the market for stress relief supplements. For instance, the pharmaceutical company Cosmos Holdings, based in the US, debuted its exclusive Sky Premium Life Brainlit in March 2022. It is an advanced formulation made to maintain and enhance brain function. Even though there is a significant unmet need for effective treatment for sadness, anxiety has recently been on the rise. Thus, driving the stress relief supplements market revenue.
The stress relief supplements market segmentation, based on source includes ashwagandha, chamomile, lavender, melatonin, rhodiola, l-theanine and others. The ashwagandha segment dominated the market. Ashwagandha is a herb that is frequently used in ayurvedic medicine. It has adaptogenic properties that lessen the detrimental effects of long-term stress by supporting the adrenal glands' normal functioning. The adrenal glands create the stress hormones cortisol and adrenaline. A well-liked supplement called ashwagandha is both risk-free and efficient at lowering stress.
The stress relief supplements market segmentation, based on form includes Capsules & Tablets, Oils, Powder and Others. The capsules & tablets segment dominated the market. Tablets often come at affordable prices and offer high-quality substitutes. They last longer than other forms do. Capsules are typically preferred because they are easier to ingest than tablets, even though they cost more and have a shorter shelf life than other forms.
The stress relief supplements market segmentation, based on category includes conventional and organic. The conventional segment dominated the market. The ingredients used to create traditional stress-reducing supplements are grown using regular farming practices. Contrary to organic growth, conventional component growing uses synthetic chemicals, including pesticides, fertilizers, hormones, and antibiotics. Organic produce contains lower levels of pesticide residue than stuff grown conventionally.
The stress relief supplements market segmentation, based on distribution channel, includes store based and non-store based. The store-based category generated the most income. The store-based component comprises supermarkets and hypermarkets, specialty shops and other retailers. Supermarkets and hypermarkets are predicted to be the largest sub-segment because these sales channels account for most of the sales of supplements that reduce stress. Specialty stores are heavily reliant on the selling of supplements for stress management. It is projected that it will grow the quickest during the review time.
Figure 1: Stress Relief Supplements Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American stress relief supplements market area will dominate this market. Customers in the area are turning towards preventive healthcare as they become more worried about their health. Several variables, including an ageing population, a focus on preventative healthcare, increased consumer awareness, and internet sales, are driving up demand for stress-relieving supplements in the US. The Population Reference Bureau's Population Bulletin predicts that by 2060, there will be 95 million Americans aged 65 and older, nearly double from 52 million in 2018. Thus, the ageing population and rising healthcare costs are anticipated to fuel market growth in North America.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: STRESS RELIEF SUPPLEMENTS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe stress relief supplements market accounts for the second-largest market share. Due to the region's increased emphasis on preventative healthcare and growing health consciousness, the market for supplements that reduce stress is experiencing explosive growth. Demand is high due to the rapidly growing geriatric population, strong consumer awareness, and skyrocketing popularity of internet platforms. Further, the German stress relief supplements market held the largest market share, and the UK stress relief supplements market was the fastest growing market in the European region
The Asia-Pacific Stress relief supplements Market is expected to grow at the fastest CAGR from 2023 to 2032 supported by the increasing efforts made by the suppliers of supplements for stress alleviation. Due to the increasing emphasis on brand promotion by businesses on well-known social media platforms and the expansion in organized retailing, the region may have the quickest growth rate in the future. Moreover, China’s stress relief supplements market held the largest market share, and the Indian stress relief supplements market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the stress relief supplements market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, stress relief supplements industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the stress relief supplements industry to benefit clients and increase the market sector. In recent years, the stress relief supplements industry has offered some of the most significant advantages to market. Major players in the stress relief supplements market attempting to increase market demand by investing in research and development operations include ADM (US), PharmalineaLid (sloyenia), Virtue Vilamins LIC (US), NaturesPlus (US), The Himalaya Drug Company (india), Plant Therapy Essential Oil: Corporate (US), Cureveda (india), Naturalite Asia Co.Lid. (Koreo), Ricola (Swizedland), and Nutraceutical international Corporation.
An international personal care and drug company established in Bangalore is Himalaya Wellness Company (formerly Himalaya Drug Company). It was first founded in 1930 in Dehradun by Mohammad Manal. Ayurvedic elements are used in the health care products this company produces, which goes by the name Himalaya Herbal Healthcare. Its operations are dispersed among locations in India, the United States, the Middle East, Asia, Europe, and Oceania, and its goods are sold in 106 nations worldwide.
The company Nutraceutical International Corporation produces and sells dietary supplements. The business sells soaps, creams, dietary supplements, and other items for personal care. Nutraceutical International serves an international clientele. To and via distributors and retailers of natural and health products, Nutraceutical markets and distributes branded nutritional supplements around the world. The primary objective of Nutraceutical is to buy, operate, and merge natural products companies that produce, sell, and distribute branded nutritional supplements.
Stress Relief Supplements Industry Developments
February 2023: PreCon Health Inc. will be acquired, according to Thorne HealthTech Inc. Thorne and PreCon collaborated to develop two formulations for improved brain health that can prevent traumatic brain injuries and help people who have already sustained them.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.5 Billion |
| Market Size 2024 | USD 0.53 Billion |
| Market Size 2032 | USD 0.9001 Billion |
| Compound Annual Growth Rate (CAGR) | 6.75% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Source, Form, Category, Distribution Channel and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | ADM (US), PharmalineaLid (sloyenia), Virtue Vilamins LIC (US), NaturesPlus (US), The Himalaya Drug Company (india), Plant Therapy Essential Oil: Corporate (US), Cureveda (india), Naturalite Asia Co.Lid. (Koreo), Ricola (Swizedland), and Nutraceutical international Corporation |
| Key Market Opportunities | Increasing demand for organic supplements |
| Key Market Dynamics | Focus on preventive healthcare |
Frequently Asked Questions (FAQ) :
The stress relief supplements market size was valued at USD 0.5 Billion in 2022.
The market is projected to grow at a CAGR of 6.75% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are ADM (US), PharmalineaLid (sloyenia), Virtue Vilamins LIC (US), NaturesPlus (US), The Himalaya Drug Company (india), Plant Therapy Essential Oil: Corporate (US), Cureveda (india), Naturalite Asia Co.Lid. (Koreo), Ricola (Swizedland), and Nutraceutical international Corporation.
The conventional category dominated the market in 2022.
The store based had the largest share in the market.
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