Mood Support Supplements Market Forecasts to 2030 – Global Analysis By Type (Vitamin D, S-Adenosyl-L-Methionine, Omega-3s, Vitamin B, Ashwagandha, Magnesium and Other Types), Form, Distribution Channel, Application and By Geography

Mood Support Supplements Market Forecasts to 2030 – Global Analysis By Type (Vitamin D, S-Adenosyl-L-Methionine, Omega-3s, Vitamin B, Ashwagandha, Magnesium and Other Types), Form, Distribution Channel, Application and By Geography

According to Stratistics MRC, the Global Mood Support Supplements Market is accounted for $670.0 million in 2023 and is expected to reach $1045.0 million by 2030 growing at a CAGR of 6.5% during the forecast period. Mood support supplements are products designed to help regulate and enhance mood. They typically contain a combination of vitamins, minerals, herbs, and other natural compounds that are believed to have a positive impact on emotional well-being. These supplements are often used by individuals experiencing mood imbalances, stress, anxiety, or depression as a complementary approach to traditional treatments or as a proactive measure for maintaining mental health.

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.

Market Dynamics:

Driver:

Increasing mental health awareness

As mental health awareness continues to grow, the market is witnessing a significant shift. More consumers are seeking products that not only address mood imbalances but also promote overall mental well-being. Companies are responding by emphasizing transparency, quality ingredients, and scientific backing in their formulations. This trend reflects a broader societal focus on mental wellness, driving innovation and accessibility in the market.

Restraint:

Lack of conclusive scientific evidence

While many products tout benefits for mood enhancement, anxiety reduction, and overall well-being, the actual efficacy is frequently debated due to limited rigorous clinical studies. Despite anecdotal support and some preliminary research, the absence of large-scale, long-term trials with diverse populations makes it challenging to draw definitive conclusions about the true effectiveness and safety of these supplements. Thus, the market often lacks conclusive scientific evidence to substantiate its claims.

Opportunity:

Preference for natural and herbal products

Consumers are increasingly seeking alternatives that are derived from plant-based sources, free from synthetic additives and chemicals. This preference stems from a desire for holistic well-being and a perception that natural ingredients offer gentler, more sustainable solutions for managing mood and emotions. As a result, brands emphasizing these qualities are gaining traction and reshaping the landscape of mood support products.

Threat:

Potential for side effects and interactions

In the market, potential side effects and interactions can vary widely depending on the specific ingredients used. Common side effects may include digestive issues, headaches, or allergic reactions. Interactions can occur with medications such as antidepressants or blood thinners, leading to adverse effects or reduced efficacy. It's crucial for consumers to consult healthcare professionals before starting any new supplement to minimize risks and ensure compatibility with existing treatments.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the Mood Support Supplements market as people prioritized mental well-being. Increased stress, anxiety, and disrupted routines led to heightened demand for mood-enhancing products. Companies adapted by focusing on online sales, digital marketing, and promoting immune-boosting properties in their supplements. Despite initial supply chain challenges, the market witnessed steady growth due to heightened awareness and the growing trend of self-care amidst the pandemic's uncertainties.

The ashwagandha segment is expected to be the largest during the forecast period

The ashwagandha segment is expected to be the largest during the forecast period. As consumers increasingly prioritize mental well-being, products featuring ashwagandha have gained popularity for their natural approach to mood enhancement. Its inclusion in formulations often targets mood stabilization, promoting a sense of calmness and overall emotional balance. This herb's presence underscores the growing demand for holistic so lutions in the wellness industry, driving innovation and diversity in mood support offerings.

The anxiety reduction segment is expected to have the highest CAGR during the forecast period

The anxiety reduction segment is expected to have the highest CAGR during the forecast period. These supplements often contain ingredients like ashwagandha, chamomile, and L-theanine, known for their stress-relieving properties. As more people seek natural alternatives for managing anxiety, this segment of the market continues to grow, offering consumers a range of options to support their mental well-being.

Region with largest share:

North America is projected to hold the largest market share during the forecast period driven by increasing awareness about mental health and wellness. Consumers are seeking natural and holistic solutions to manage stress, anxiety, and mood disorders. This trend has led to a surge in demand for mood-enhancing supplements containing ingredients like herbal extracts, vitamins, and amino acids. With a focus on emotional well-being, the market is expected to continue expanding as more people prioritize mental health in their lifestyles.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. Factors such as urbanization, changing lifestyles, and a focus on holistic well-being have contributed to this growth.T here's a growing preference for products that are free from artificial additives and are perceived as safe with minimal side effects. These supplements are distributed through various channels such as pharmacies, health food stores, online retailers, and supermarkets.

Key players in the market

Some of the key players in Mood Support Supplements market include Purelife Bioscience Co. Ltd., Solgar Inc., OLLY, Nature’s Bounty, Nature’s Way, GNC, Holland & Barrett, Source Naturals, Swisse Wellness PTY LTD., Blackmores, Centrum, Gaia Herbs, Teva Pharmaceutical Industries Ltd., Life Extension, Nature Made and Accelerated Intelligence Inc.

Key Developments:

In September 2023, Gaia Herbs introduced four new products designed to support the menstrual cycle. Expanding their existing range of offerings tailored to women of all age groups, these new products have been developed by women with a focus on addressing specific symptoms related to menstruation during the childbearing years.

In March 2023, Life Extension introduced its latest product Omega-3 Fish Oil Gummy Bites. While fish oil gummies provide an alternative to softgels, the majority of existing formulations are high in sugars and contain lower levels of omega-3 fatty acids.

Types Covered:
• Vitamin D
• S-Adenosyl-L-Methionine
• Omega-3s
• Vitamin B
• Ashwagandha
• Magnesium
• Other Types

Forms Covered:
• Powder
• Capsules
• Oils

Distribution Channels Covered:
• Pharmacy Stores
• Online Sales
• Supermarkets/Hypermarkets
• Specialty Stores

Applications Covered:
• Anxiety Reduction
• Mood Enhancement
• Sleep Support
• Cognitive Function
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements