Serotonin Supplement Market Size was valued at USD 939.6 Mn in 2023 and is predicted to reach USD 1,355.5 Mn by 2031 at a 4.8% CAGR during the forecast period for 2024-2031.
Serotonin supplement is a neurotransmitter that helps control appetite, sleep, and mood; increasing blood levels of the neurotransmitter is the major objective of serotonin supplements. Mood, sleep, and mental health issues are common reasons people take these supplements. Demand in this market has been driven by rising awareness of mental health issues and a growing inclination for natural, non-pharmaceutical methods to control behavioral and mood disorders. The market for serotonin supplements serves a wide range of customers looking for non-pharmaceutical options for enhancing mental well-being and general health.
The global market for serotonin supplements is growing due to the rising demand from health-conscious customers who are becoming more knowledgeable about the benefits of serotonin supplements. Furthermore, serotonin supplements are seeing increased demand worldwide as a consequence of the growing number of working people in metropolitan areas, which is impacting nutritional consumption through fast food consumption. Moreover, the market for serotonin supplements is expanding due to consumer demand for organic goods and awareness of the health benefits of supplements. These factors also have an impact on the market for serotonin supplements that support mental health.
However, the market growth is hampered by the lack of awareness of serotonin supplements, and the complicated regulations and constraints greatly hinder the expansion of the market. Furthermore, a significant cause for alarm is the epidemic of population obesity. This illness hurts the population's physical and mental health, which in turn slows down the market. The disruption of the supply chain of serotonin supplement nutrition by the COVID-19 pandemic has had a detrimental effect on the worldwide serotonin supplement nutrition market. The COVID-19 economic crisis impacts supplements if the supply chains for nutrient-rich supplements like probiotics, prebiotics, and serotonin supplements are disrupted. Moreover, there is a rising demand for serotonin supplements due to the aging population and the increased awareness of brain health. The digital age and sedentary lives among younger people are contributing to cognitive deterioration, which in turn has led to a rise in the demand for these supplements.
Competitive Landscape
Some of the Major Key Players in the Serotonin Supplement Market are
- Natural Stacks
- Dr. Maxwell
- Vital Nutrition
- Twinlab
- Nature Made
- Amrita Nutrition
- Zhou Nutrition
- Quality of Life
- BrainMD
- LIDTKE
- Sumatra
Market Segmentation:
The serotonin supplement market is segmented based on functionality, form, and sales channel. Based on functionality, the market is segmented into depression relief, insomnia relief, appetite gain, mood disorder treatment, weight loss, and cognitive health improvement. By form, the market is segmented into tablets/pills, capsules, liquid, powder, gummies/chewable, and others. By sales channel, the market is segmented into hypermarkets/supermarkets, specialty stores, E-commerce, drug stores & pharmacies, health & wellness stores, convenience stores, departmental stores, and others.
Depression Relief Segment is Accounted as a Major Contributor to the Serotonin Supplement Market
The depression relief segment is expected to hold a major global market share in 2023 because with more and more people becoming diagnosed with mental health disorders, especially depression, more and more people are looking for non-pharmaceutical ways to manage their symptoms. One such remedy is serotonin tablets, which are known to improve mood. Additionally, these supplements are in high demand because of the rising stress levels caused by contemporary lives.
The Powder Segment to Witnessed Growth at a Rapid Rate
The powder segment is expanding rapidly in the serotonin supplement market because the dosage of powdered supplements can be more easily adjusted to suit individual needs and tastes, making them a more versatile option. Because of their extended shelf life and lower cost compared to capsules or tablets, powder forms might be an economical alternative for frequent users, and this can be especially tempting for individuals managing diseases.
North America Region Holds a Significant Revenue Share
The North American serotonin supplement market is expected to register the highest market share in revenue in the near future. It can be attributed to an expanding middle class, higher disposable incomes, and urbanization. In addition, there is more understanding and acceptance of mental health issues among the general public. In addition, Asia Pacific is projected to grow rapidly in the global serotonin supplement market because of the widespread use of these products in response to stress and mental health issues, as well as the substantial advertising and educational campaigns that promote them. The constant growth of serotonin supplements in the region market is due to investments being made by key companies in the area.
Recent Developments:
- In February 2024, Nature Made has introduced a new range of goods dubbed “Wellness Plus” that aim to promote many aspects of overall health, including the immune system, the brain, and the joints. The vitamin C, probiotic, and omega-3 supplement items in the range are made with substances that have been evaluated in clinical settings.
- In January 2024, Nutri Advanced has been providing the UK and ROI with high-quality, effective nutritional supplements.
Global Serotonin Supplement Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 939.6 Mn |
|
Revenue Forecast In 2031 |
USD 1,355.5 Mn |
|
Growth Rate CAGR |
CAGR of 4.8% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Functionality, By Form, By Sales Channel and By Region |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
|
Competitive Landscape |
Natural Stacks, Dr. Maxwell, Vital Nutrition, Twinlab, Amrita Nutrition, Nature Made, Zhou Nutrition, Quality of Life, BrainMD, LIDTKE and Sumatra |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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