What is the current size and annual growth rate of the sleep supplements market?
The sleep supplements market size has grown strongly in recent years. It will grow from $7 billion in 2024 to $7.46 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to a strong preference for natural and clean products, a growing incidence of sleep disorders, an increase in stress levels, a shift in consumer behavior, and an increasingly aging population.
The sleep supplements market size is expected to see strong growth in the next few years. It will grow to $9.5 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing lifestyle diseases, increasing per capita income, changing lifestyles, an increase in mental health issues, and educational campaigns. Major trends in the forecast period include technological advancements, digital technologies, integration of health apps, internet of things for sleep disorders, and innovative products.
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Which major factors have contributed to the expansion of the sleep supplements market?
The increase in work-related stress levels is expected to propel the growth of the sleep supplement market going forward. Work-related stress is the physical, emotional, and psychological strain arising from work demands and conditions. The rise in work-related stress is due to increased workload, job insecurity, high expectations, and poor work-life balance. Sleep supplements help manage sleep levels by promoting relaxation and regulating sleep-inducing hormones such as melatonin. For instance, in December 2022, according to the American Psychiatric Association, a US-based medical association for psychiatrists and trainee psychiatrists, nearly two out of five Americans (37%) rated their mental health as fair or poor in 2023, up from 31% the previous year. Additionally, more than one in four (26%) anticipated experiencing higher stress at the start of 2023, compared to one in five (20%) the previous year. Therefore, the increase in work-related stress levels is driving the sleep supplement market.
How is the sleep supplements market segmented?
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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Who are the top competitors 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
Which key trends are expected to influence the sleep supplements market in the coming years?
Major companies operating in the sleep supplements market are focused on developing innovative products such as clean ingredients-based gummies to enhance effectiveness and appeal. Clean ingredients-based gummies refer to sleep supplements made with natural, non-toxic ingredients free from artificial additives and preservatives. For instance, in May 2024, Natrol LLC, a US-based manufacturer of nutritional and herbal supplements, launched time-release melatonin gummies. Time-release melatonin gummies are dietary supplements that combine quick-release and extended-release melatonin, designed to help users fall asleep faster and stay asleep longer. They often include additional ingredients, such as L-theanine, to promote relaxation. These gummies aim to mimic the body’s natural melatonin release pattern for sustained sleep throughout the night.
Which regional trends are influencing the sleep supplements market, and which area dominates the industry?
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.
What Does The Sleep Supplements Market Report 2025 Offer?
The sleep supplements market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Sleep supplements are dietary products designed to support and improve sleep quality and duration. They typically contain natural or synthetic ingredients that may help regulate sleep patterns, promote relaxation, and address insomnia or disrupted sleep. These supplements are often used as a complementary approach to improving sleep hygiene and addressing sleep-related issues.
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