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 is the body’s response to pressure. Many different situations or life events can cause stress and it is often triggered when we experience something new, unexpected or that threatens our sense of self, or when we feel we have little control over a situation. Preventing and managing long-term stress can lower your risk for other conditions like heart disease, obesity, high blood pressure, and depression. Several vitamins and other supplements have been linked to reduced stress symptoms. Stress relief supplements market is fastest-expanding field in the healthcare sector due to the soaring number of sleep-deprived people and surging prevalence of hectic lifestyles. Patents and licenses have emerged as a key factor in determining the growth of the market vendors. It is essential for pharmaceutical companies to get approvals from designated regional authorities before selling stress management supplements. Following factor is expected to boost the growth of the market.
The demand for stress relief supplements in the area is driven by the increasing disruption between work-life balance and increasing stress and anxiety in the area's population. Depending on the country, the United States is expected to gain significant market share in the forecast period. Due to the presence of major manufacturer in the country and the growing demand for stress reliever supplements is increasing due to the number of depression sufferers in the area. The consumption of stress relieving supplements is extremely high in the United States. Hence, the United States stress relief supplements market is expected to trace a lucrative growth path in the forecast period.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the United States stress relief supplements market. In addition, complete analysis of changes on the United States stress relief supplements market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on United States 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 and distribution channel.
By source the stress relief supplements market consists ashwagandha, chamomile, lavender, melatonin, rhodiola, l-theanine. Ashwagandha segment has gained the largest market share and is expected to dominate the market in the forecast period. Ashwagandha is a very common herb used in ayurvedic medicine. It has adaptogenic properties which help in reducing side effects associated with chronic stress by supporting the function of adrenal glands. L-theanine is an amino acid found in green tea and is believed to have a relaxing effect. L-theanine’s anti-stress effects have been demonstrated in research as it can also be 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. Tryptophan is an essential amino acid that creates serotonin. 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. Magnesium is a mineral the body uses to regulate number of processes, from the functioning of nerves and muscles to the synthesizing of protein and bone. 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. Iron also plays a vital role in immune system function, treating anemia, boosting hemoglobin.
Various forms in which stress relief supplements are available in the market that is segmented into capsules & tablets, oils, powders. The capsules & tablets segment is expected to dominate the market as they are low in price and as they have loner shelf life than any other form the segment is expected to witness huge demand in the forecast period. Quick absorption, rapid onset of action and reduction in drug loss properties following are the advantages of this dosage. Also stress relief oils are essential supplement to take care of mental health as it works as stress buster it helps in relieving different types of physical pain.
By category the United States stress relief supplements market is segmented into natural and chemical based. The natural segment is expected to dominate the market as the natural supplements help in boosting immunity and help to fight anxiety and disorders without causing any adverse side effects. The natural supplements are easily available in the market. The chemical based supplements that are available in the market are made to mimic the way natural nutrients act in our bodies. Also the chemical based supplements have adverse effects due to extra dosage.
Based on distribution channel, the stress relief supplements are segmented into online and offline. The offline segments accounts for major market share due to the availability of supplements in supermarket and hypermarkets. Moreover, with increasing awareness and product visibility, consumer demand for stress relief supplements is rising for the offline mode distribution channel. Since the emergence of COVID-19 there has been tremendous growth in online sales and purchase of stress relief supplements in the country. The online distribution channel is expected to grow due to the availability of product at the door step which also saves the time.
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 and distribution channel. By source the stress relief supplements market consists ashwagandha, chamomile, lavender, melatonin, rhodiola, l-theanine. Ashwagandha segment has gained the largest market share and is expected to dominate the market in the forecast period. . It has adaptogenic properties which help in reducing side effects associated with chronic stress by supporting the function of adrenal glands. On the basis of supplement stress relief supplements market is segmented into tryptophan, zinc, magnesium, vitamin B, iron supplement. Tryptophan is an essential amino acid that creates serotonin. Serotonin in the brain helps regulate a person’s mood, anxiety, and levels of happiness. Various forms in which stress relief supplements are available in the market that is segmented into capsules & tablets, oils, powders. The capsules & tablets segment is expected to dominate the market as they are low in price and as they have loner shelf life than any other form the segment is expected to witness huge demand in the forecast period. By category the United States stress relief supplements market is segmented into natural and chemical based. The natural segment is expected to dominate the market as the natural supplements help in boosting immunity and help to fight anxiety and disorders without causing any adverse side effects. Based on distribution channel, the stress relief supplements are segmented into online and offline. The offline segments accounts for major market share due to the availability of supplements in supermarket and hypermarkets.
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