Mood Support Supplements Market look forward to 8.8% CAGR & $1157.59 million by 2032

Mood Support Supplements Market Size Worth $1,157.59 Million By 2032 | CAGR: 6.5%


The global mood support supplements market size is expected to reach USD 1,157.59 million by 2032, according to a new study by Polaris Market Research. The report “Mood Support Supplements Market Share, Size, Trends, Industry Analysis Report, By Type (Omega 3s, Vitamin B, Vitamin D, Magnesium, Ashwagandha, and S-Adenosyl-L-Methionine); By Form: By Distribution Channel; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising preference for natural and herbal solutions for mood support and the rapid emergence of modern lifestyles that often include a high level of stress due to numerous factors like financial concerns, work pressure, and societal expectation all results in higher demand for mood support supplements and acting as a key market driver over the years. Continuous development in formulation, delivery methods, and packaging, coupled with the launch of new supplements with enhanced characteristics, has made mood support supplements more appealing and convenient for consumers and pushed the market growth forward.

  • For instance, in March 2023, OLLY announced the launch of its new adaptogen supplements that will be used to boost mood and reduce the effects of stress.

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In recent years, several leading companies in the market have been increasing their investments in research & development activities to explore the use of personalized nutrition and supplementation based on an individual's genetic makeup, lifestyle, and specific mood-related issues. With the growing emphasis on this approach that tailors supplement formulations to meet the unique needs and requirements of consumers, the demand for mood support supplements is drastically increasing.

Furthermore, mood support supplements are becoming increasingly popular all over the world as an effective adjunct to several conventional treatments for depression, as they contain natural ingredients like omega-3 fatty acids, vitamin B, and ashwagandha, among others. Thus, with the increase in the number of individuals suffering from depression and other related issues, the adoption and demand for mood support or enhancement supplements are likely to gain traction at a rapid pace.

  • For instance, according to the World Health Organization, approx. 280 million people across the globe have depression, which makes up about 3.8% of the world’s total population, and more than 7,00,000 people die every year due to suicide or as a result of depression.

Mood Support Supplements Market Report Highlights

  • The ashwagandha segment accounted for noteworthy share, mainly due to its numerous beneficial characteristics and use in various traditional medicines.
  • Capsules segment held the maximum market share, on account of its advantageous including easy to swallow, convenient to adopt, and easy storage and transportation.
  • Online sales segment will grow at highest growth rate, due to rising internet penetration and surge in the number of consumers shifting towards online channels.
  • North America dominated the global market with considerable share, owing to region’s higher spending on health & wellness products and rising stress levels among people.
  • The key market players include Gaia Herbs, Nature Made, Nature’s Bounty, Blackmores, Accelerated Intelligence, Purelife Bioscience, and Swisse Wellness.

Polaris Market Research has segmented the mood support supplements market report based on type, form, distribution channel, and region:

Mood Support Supplements, Type Outlook (Revenue - USD Million, 2023 - 2032)

  • Omega 3s
  • Vitamin B
  • Vitamin D
  • Magnesium
  • Ashwagandha
  • S-Adenosyl-L-Methionine

Mood Support Supplements, Form Outlook (Revenue - USD Million, 2023 - 2032)

  • Capsules
  • Oil Powder

Mood Support Supplements, Distribution Channel Outlook (Revenue - USD Million, 2023 - 2032)

  • Online Sales
  • Supermarkets & Hypermarkets
  • Specialty Stores
  • Pharmacy Stores

Mood Support Supplements, Regional Outlook (Revenue - USD Million, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Mood Support Supplements Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 656.21 million

Revenue forecast in 2032

USD 1,157.59 million

CAGR

6.5% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Type, By Form, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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