Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Stress management is a rising issue globally which leads to deteriorating healthcare structure. It impacts adversely on working hours and thus causes loss of revenue to the organizations. Many things, such as job, money, health, or relationship factors, can cause stress. Stress management supplements and sleep aids are the fastest growing type of healthcare system. Several vitamins and other supplements have been linked to reduced stress symptoms which help increase your body’s resistance to life’s stressors. However individuals deprived of sleep are one of the main factors causing stress among the people whereas it is necessary to consult to your doctor before trying a new supplement.
Stress management has become a global concern, resulting in weaker healthcare structure, severely affecting working hours and causing huge revenue losses to organizations which are expected to propel the growth of the stress relief supplements market globally. Due to workers facing stress, which causes low productivity has become a serious issue worldwide. Stress relief supplements form the fastest-expanding field in the healthcare sector, backed by the soaring number of sleep-deprived people and surging prevalence of hectic lifestyles. Stress relief supplements form the fastest-expanding field in the healthcare sector, backed by the soaring number of sleep-deprived people and surging prevalence of hectic lifestyles.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global stress relief supplements market. In addition, complete analysis of changes on the global stress relief supplements market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The lockdown imposed following the COVID-19 outbreak resulted in a massive economic downfall worldwide which had negative impact on the market and affected the stress relief supplements market.
The stress relief supplements market comprises of different market segment like by source, supplement, form, nature, distribution channel and geography.
By source the stress relief supplements market consists ashwagandha, chamomile, lavender, melatonin, rhodiola, l-theanine. Ashwagandha dominates the stress relief supplements market and is expected to grow in the forecast period as it is herbal and has extensive use in ayurvedic medicines also it benefits include decrease in side effects related to chronic stress by improving the functioning of adrenal glands. Adrenal glands are responsible for the production of stress hormones, cortisol, and adrenaline. With people progressively realizing the side effects of traditional stress relief medicines, the preference for natural or herbal supplements.
On the basis of supplement stress relief supplements market is segmented into tryptophan, zinc, magnesium, vitamin b, iron supplement. The B- vitamins are intimately involved in the function of the nervous system, and so can play a role in helping to counter some of the negative effects of stress. Research on individual using B vitamins has also revealed important roles where stress and the nervous system are concerned. The ability of humans to respond to stress can be influenced by nutritional status including the status of key B vitamins. In humans, iron supplementation in anemic women has been reported to alter emotional processes such as anxiety or depression.
Various forms in which stress relief supplements are available in the market that is segmented into capsules & tablets, oils, powders. The capsules & tablets form dominates the market holding the largest share in the stress relief supplements market. The capsules & tablets form is expected to witness tremendous growth in the forecasted period due to its maximum sale. As stress management is an increasingly global issue that causes deteriorating healthcare structure, adversely impacting working hours and thus loss of revenue to the organizations. Tablets are generally low in price and offer high-potency options. They have a longer shelf life than the other form. The capsules are readily available in the market and are convenient to use in terms of proportionate intake.
By category the global stress relief supplements market is segmented into conventional and organic. The conventional segment dominates the market accounting the market accounting for the largest market share. Conventional stress relief supplements are produced from ingredients grown using conventional farming practices. Conventional growing of ingredients is opposite to organic growing, that is not free from synthetic chemicals such as pesticides, fertilizers, hormones, and antibiotics. Organically grown produce has lower detectable levels of pesticide residue as compared to conventionally grown produce. The conventional segment is expected to boost the growth of stress relief supplements market in the forecast period.
Based on distribution channel, the stress relief supplements are segmented into online and offline. The offline segment accounted for the largest market share and expected to dominate in the forecast period. The offline segment has been segregated into supermarkets and hypermarkets, specialty stores, and others. Supermarkets and hypermarkets are expected to be the largest sub-segment as these channels account for the maximum sale of stress relief supplements. Specialty stores play a significant role in the distribution of stress relief supplements. It is projected to be the fastest-growing sub-segment during the review period. This channel is preferred specifically for the prescribed supplements and small servings such as tablets and capsules.
The global stress relief supplements market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America accounted for the largest market share in the global stress relief supplements market and is expected to dominate in the forecast period. The consumers in the region are inclining towards preventive healthcare owing to the increasing health consciousness among the population. The consumption of stress relief supplements is extremely high in the North America region which drives the demand for the stress relief supplements in the region. Asia-Pacific is expected to be a lucrative region for manufacturers of stress relief supplements. Asia-Pacific is assumed to grow at the fastest pace in the forecast period. Promotional activities by manufacturers on social media platforms and the expanding organized retail market are also key factors fueling the sale of stress relief supplements in the Asia Pacific region.
The key players in stress relief supplements market are Alkermes Plc, Allergan Plc, Bristol Myers Squibb Co, Eli Lilly And Co., Glaxosmithkline Plc, H. Lundbeck, Herbalcart, Inc , Interhealth , Ion Labs Inc., Merck & Co. Inc., Naturalife Asia Co., Ltd. , Nutraceutical International Corporation , Pfizer Inc., Pharmalinea Ltd. , Plant Therapy Essential Oils Corporate , Ricola , Takeda Pharmaceutical Co. Ltd., Teva Pharmaceutical Industries Ltd. and Vitalized Body among others.
September 2021: Nutraceutical firms have reported a higher uptake of sleep aid and stress relief supplements amid the COVID-19 pandemic, according to New Zealand brand GO healthy and Spanish saffron ingredient supplier Pharmactive.
December 2020: ASX- listed MGC Pharma is in talks with South East Asia countries to make its clinically backed oral supplement trademarked ArtemiC commercially available for COVID-19 patients.
The report analyses the stress relief supplements market based on by source, supplement, form, nature, distribution channel and geography. By source the stress relief supplements market consists ashwagandha, chamomile, lavender, melatonin, rhodiola, l-theanine. Ashwagandha dominates the stress relief supplements market and is expected to grow in the forecast period as it is herbal and has extensive use in ayurvedic medicines. On the basis of supplement stress relief supplements market is segmented into tryptophan, zinc, magnesium, vitamin b, iron supplement. The B- vitamins are intimately involved in the function of the nervous system, and so can play a role in helping to counter some of the negative effects of stress. Various forms in which stress relief supplements are available in the market that is segmented into capsules & tablets, oils, powders. The capsules & tablets form dominates the market holding the largest share in the stress relief supplements market. By category the global stress relief supplements market is segmented into conventional and organic. The conventional segment dominates the market accounting the market accounting for the largest market share. Conventional stress relief supplements are produced from ingredients grown using conventional farming practices. Based on distribution channel, the stress relief supplements are segmented into online and offline. The offline segment accounted for the largest market share and expected to dominate in the forecasted period. The offline segment has been segregated into supermarkets and hypermarkets, specialty stores, and others. The global stress relief supplements market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW).
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