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 growing problem that leads to the deterioration of the health structure. It has a detrimental effect on working hours and therefore leads to a loss of income for companies. Stress is a natural biological response to the challenges we face every day. There have been several changes over the past few decades that have resulted in people perceiving their work and other responsibilities differently. The compatibility of work and private life is unimaginably disrupted in several areas of the region. Several medical researchers are looking at yoga and regular exercise as a means of managing stress. However, most people do not follow proper exercise routines due to the restricted work hours. The market for stress reliever supplements is on the rise.
The factors driving the market growth in Asia Pacific are increasing stress and anxiety disorders in the population are boosting the demand for stress relief supplements market in the region. The increasing use of social media platforms has led to an increased level of stress among people. Therefore, the need for stress relief supplements to reduce stress has increased. As the stigma of mental disorders such as stress, depression, and anxiety gradually declines, the use of stress relief supplements and drugs to reduce stress is more normal today than ever. As the product becomes known consumer demand for stress relief supplements to reduce stress is increases. Multiple sources of information highlighting the positive and negative effects of stress relief supplements will help consumers make the right choice.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Asia Pacific stress relief supplements market. In addition, complete analysis of changes on the Asia Pacific stress relief supplements market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Asia Pacific economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The increasing number of COVID-19 infections in the region and strict imposed lockdown has negatively 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 country.
By source the stress relief supplements market consists ashwagandha, chamomile, lavender, melatonin, rhodiola, l-theanine. Ashwagandha is known for reducing stress and anxiety is promising to improve mental health and also improves sleep. L-theanine has anti-stress effects and have been demonstrated in research it is helpful for improving focus, memory, and verbal ability. Melatonin is a hormone made in the pineal gland, is released when it gets dark, helping keep your internal clock on track and prime your body for sleep.
On the basis of supplement stress relief supplements market is segmented into tryptophan, zinc, magnesium, vitamin B, iron supplement. Magnesium is a mineral the body uses to regulate dozens of processes, from the functioning of nerves and muscles to the synthesizing of protein and bone. Tryptophan is an essential amino acid that plays a part in creating serotonin. Serotonin is a hormone present in various parts of the body, including the brain. The serotonin in the brain helps regulate a person’s mood, anxiety, and levels of happiness. Zinc is an essential micronutrient that needed for numerous functions in the body. It’s also important for a strong immune system and helps keep your skin, eyes, and heart healthy.
Various forms in which stress relief supplements are available in the market that is segmented into capsules & tablets, oils, powders. 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. Stress relief oils are essential supplement to take care of your mental health it works as stress buster it helps in relieving different types of physical pain.
By category the Asia Pacific stress relief supplements market is segmented into natural and chemical based. Natural stress relief supplements are produced from ingredients grown using conventional farming practices. The natural based supplements help in boosting immunity and help to fight anxiety and disorders without causing any adverse side effects. Organically grown produce has lower detectable levels of pesticide residue as compared to chemically grown produce. The chemical based stress relief supplements are readily available in the market but also they show adverse side effects.
Based on distribution channel, the stress relief supplements are segmented into online and offline. The offline segment is expected to grow and hold major market share in the forecasted period. Due to the easily availability of supplements in supermarket and hypermarkets the offline segment is expected to grow and boost the stress relief supplements market. This channel is preferred specifically for the prescribed supplements and small servings such as tablets and capsules. Due to the emergence of COVID-19 there has been tremendous growth in online sales and purchase of stress relief supplements in the region. This channel is preferred specifically for the prescribed supplements by the doctor. Online channels have account for the maximum sale of stress relief supplements in the COVID-19 pandemic in the Asia Pacific region.
The Asia Pacific stress relief supplement is studied for the following countries like China, India, Japan and Rest of Asia Pacific among others. The market in Asia Pacific is anticipated to expand at a considerable pace during the forecast period. The consumption of stress relieving supplements is increasing in the region. The demand for stress relief supplements in region is due to rising disruption between work-life balance and increasing stress and anxiety amongst the population in the region. The consumers in the region are inclining towards preventive healthcare owing to the increasing health consciousness among the population. Moreover, with increasing awareness and consumer demand for stress relief supplements is rising. 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. and Teva Pharmaceutical Industries Ltd., 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 country. By source the stress relief supplements market consists ashwagandha, chamomile, lavender, melatonin, rhodiola, l-theanine. L-theanine has anti-stress effects and have been demonstrated in research it is helpful for improving focus, memory, and verbal ability. On the basis of supplement stress relief supplements market is segmented into tryptophan, zinc, magnesium, vitamin B, iron supplement. Magnesium is a mineral the body uses to regulate dozens of processes, from the functioning of nerves and muscles to the synthesizing of protein and bone. Various forms in which stress relief supplements are available in the market that is segmented into capsules & tablets, oils, powders. 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. By category the Asia Pacific stress relief supplements market is segmented into natural and chemical based. Natural 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 is expected to grow and hold major market share in the forecasted period. Due to the easily availability of supplements in supermarket and hypermarkets the offline segment is expected to grow and boost the stress relief supplements market. The Asia Pacific stress relief supplement is studied for the following countries like China, India, Japan and Rest of Asia Pacific among others.
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