What are the Historical Developments and Current Growth Metrics of the Sleep Supplements Market?
The sleep supplements market has seen considerable growth due to a variety of factors.
• In recent times, we've witnessed impressive growth in the market size of sleep supplements. The market, valued at $7 billion in 2024, is expected to grow to $7.46 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.5%.
Some of the factors contributing to this growth include a rising preference for natural and pure products, an escalation in sleep disorder instances, heightened stress levels, shifts in consumer tendencies, and an aging population.
What is the Forecasted Market Size and CAGR for the Sleep Supplements Market?
The sleep supplements market is expected to maintain its strong growth trajectory in upcoming years.
• The market for sleep supplements is anticipated to experience substantial expansion in the coming years, reaching a valuation of $9.5 billion in 2029, with a compound annual growth rate (CAGR) of 6.2%.
This growth during the prediction period is connected to factors such as an increase in lifestyle diseases, higher per capita income, shifts in lifestyle, a surge in mental health concerns, and educational programs. Significant trends throughout the projected period are marked by technological enhancements, the prevalent use of digital technologies, the amalgamation of health applications, the application of the Internet of Things for detecting sleep disorders, and the introduction of innovative products.
What Key Factors and Trends Are Driving The Growth Sleep Supplements Market?
The surge in work-related stress is predicted to fuel the expansion of the sleep supplement market in the future. This type of stress constitutes the physical, emotional, and psychological tension resulting from job demands and circumstances. Increased workload, job instability, elevated expectations, and an imbalanced work-life situation contribute to the escalation in work-related stress. Sleep supplements aid in the regulation of sleep by promoting relaxation and controlling sleep-inducing hormones like melatonin. For instance, data from the American Psychiatric Association, a medical association for American psychiatrists and students, revealed in December 2022, that about 37% of Americans deemed their mental health as fair or poor in 2023, a noticeable increase from the previous year's 31%. In addition, over one in four individuals (26%) expected to endure higher stress at the outset of 2023, as compared to the previous year's one in five (20%). Thus, the augmented work-related stress levels appear to be a significant factor propelling the growth of the sleep supplement market.
What Are The Market Segments In The Sleep Supplements Market?
The sleep supplements market covered in this report is segmented –
1) By Product Type: Minerals, Vitamin, Melatonin, Valerian Root, Other Product Types
2) By Source: Synthetic, Natural
3) By Dosage Form: Tablets, Capsules, Powders, Liquid
4) By Indication: Insomnia, Sleep Apnea, Narcolepsy, Other Sleep Disorders
5) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Online Pharmacies, Specialty Stores
Subsegments:
1) By Minerals: Magnesium, Calcium, Zinc, Iron, Potassium
2) By Vitamin: Vitamin D, Vitamin B6, Vitamin B12, Niacin (Vitamin B3), Folate (Vitamin B9)
3) By Melatonin: Synthetic Melatonin Supplements, Natural Melatonin Sources, Extended-Release Melatonin Formulations, Melatonin Combinations With Other Ingredients
4) By Valerian Root: Valerian Root Extracts, Valerian Root Teas, Valerian Supplements With Other Herbal Ingredients, Standardized Valerian Extracts
5) By Other Product Types: Herbal Supplements, Amino Acids, Adaptogens, CBD Oil And Cannabinoids, Sleep-Promoting Formulations (Combination Products)
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What Trends Are Shaping The Sleep Supplements Market?
Key players in the sleep supplements market are turning their attention towards the creation of innovative products like gummies made of clean ingredients to improve their effectiveness and allure. These clean ingredient gummies are sleep supplements composed of natural, non-toxic elements free of any artificial preservatives or additives. For example, Natrol LLC, a nutritional and herbal supplement manufacturing company in the US, introduced time-release melatonin gummies in May 2024. These are dietary additives that merge quick-release and extended-release melatonin to assist users in falling asleep quicker and maintaining sleep for longer. They typically contain additional elements like L-theanine, which aids in relaxation. These gummies are designed to replicate the natural melatonin release process of the body to ensure continued sleep throughout the night.
Who Are the Key Players In The Sleep Supplements Market?
Major companies operating in the sleep supplements market are:
• Amorepacific Corporation
• Pharmavite LLC.
• Thorne HealthTech
• Jarrow Formulas
• Life Extension Foundation
• Gaia Herbs Inc.
• Natrol Inc.
• Douglas Laboratories
• SmartyPants Vitamins
• Pure Encapsulations LLC
• Solgar Inc.
• Makers Nutrition LLC
• Herb Pharm LLC
• Nature’s Bounty Inc.
• Moon Juice
• Persona Nutrition
• RidgeCrest Herbals
• Sandland Sleep
• Galventa AG
• Wilson Lau
• Som Sleep Inc.
• SMPNutra Inc.
• Source Naturals
What Are The Regional Insights Into The Sleep Supplements Market?
North America was the largest region in the sleep supplements market in 2024. The regions covered in the sleep supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
