Mood Support Supplements Market

Mood Support Supplements Market Outlook (2023 to 2033)

Newly-released mood support supplements market analysis report by Fact.MR reveals that global sales of mood support supplements market in 2022 was held at US$ 656 million. With 6.4% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 1.3 Billion by the end of forecast period.

Mood support capsules are expected to be the highest revenue-generating type in the market, which is projected to grow at a CAGR of over 6.2% from 2023 to 2033.

Attributes	Details
Global Mood Support Supplements Market Size In 2022	US$ 656 million
Global Mood Support Supplements Market Size at End of Forecast (2033)	US$ 1.3 billion
Global Mood Support Supplements Market CAGR (2023 to 2033)	6.4%
U.S. Mood Support Supplements Market CAGR (2023 to 2033)	6.2%
Key Companies Covered	Blackmores Holland & Barrett Gaia Herbs GNC Life Extension Nature Made Centrum Nature's Way Solgar Inc. Nature's Bounty OLLY Swisse Wellness PTY LTD Source Naturals Natrol

Revenue of Mood Support Supplements Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033

As per the research of the Mood Support Supplements Market by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 8.2% CAGR. With an absolute dollar opportunity of US$ 596.2 million, the market is projected to reach a valuation of US$ 1.3 billion by 2033.

What Key Drivers are Influencing the Market Expansion?

Mood support supplements are a category of dietary supplements that are designed to support and promote positive mood, emotional balance, and mental well-being. These supplements often contain a variety of natural ingredients, such as herbs, vitamins, minerals, and amino acids that have been shown to have mood-enhancing properties.

According to data published by the American Botanical Councils journal, in 2019, ashwagandha was the fifth-prominent-selling herbal ingredient in the U.S. natural retail channel, with US$ 13.7 million in total sales. Ashwagandha supplements saw the third-prominent sales growth behind cannabidiol and elderberry supplements, with 45.2% sales growth to reach US$ 10.8 million in sales.

Ashwagandha has been shown to reduce levels of stress hormone cortisol, helping to alleviate symptoms of anxiety and stress. This is expected to influence the market growth in the forthcoming years.

In 2019, the global Omega-3 supplements sales were held at over US$ 4.3 billion which reached about US$ 5.1 billion in 2020. It is expected to grow at a CAGR of 7.7% during the forecast period. Omega-3 supplements may have potential benefits in supporting mood and reducing symptoms of depression and anxiety. The growing need for omega-3 supplements influences the market growth in the future.

Region-Wise Analysis :

Which Region is projected to Offer Significant growth in the Market?

North America is a prominent shareholder in the market with a market size of US$ 183.6 million in 2022. The regional market is projected to have a market worth US$ 362.3 million by 2033.

According to research, in 2020, the Canadian vitamin and dietary supplement sales was valued at US$ 1.9 Billion. This increased from the previous year in which it was about 1.1 billion in 2018. It is expected to grow at a CAGR of 4.4% during the forecast period. The growing demand for natural and organic products as well as the increasing awareness of the health benefits of supplements, is driving the growth of the vitamin and dietary supplement demand which influences the demand for mood support supplements.

Country-Wise Analysis :

United States Mood Support Supplements Market Analysis :

The market in the United States is expected to grow to be worth US$ 312.3 million by 2033, with an absolute dollar growth of US$ 140.6 million from 2023 to 2033. The market in the country has grown at a CAGR of 7.9% from 2018 to 2022 and is expected to grow at a CAGR of 6.2% from 2023 to 2033.

In 2020, the total sales of ashwagandha in the United States was held at over US$ 198 million. It increased to reach around US$ 252 million in 2021. The sales of ashwagandha supplements were around US$ 83.4 million in 2022. Ashwagandha may help towards improving mood and alleviate symptoms of depression by increasing the levels of serotonin, a neurotransmitter associated with mood regulation. With the increase in demand for ashwagandha supplements, the market for mood support supplements is projected to expand during the assessment period.

United Kingdom Mood Support Supplements Market Analysis :

The market in United Kingdom is expected to grow to be worth US$ 47.5 million by 2033, with an absolute dollar growth of US$ 19.6 million. The market in the country has grown at a CAGR of 7.1% from 2018 to 2022 and is expected to grow at a CAGR of 5.5% from 2023 to 2033.

In 2019, the production volume of Vitamin D supplements in the United Kingdom was over 25.4 million units. The production of Vitamin D supplements has increased significantly in the UK in recent years, likely due to the growing awareness of the health benefits of Vitamin D and the increasing prevalence of Vitamin D deficiency. Vitamin D helps to regulate mood by affecting levels of certain neurotransmitters, such as serotonin. The growing need for Vitamin D supplements influences the market growth in the forthcoming years.

China Mood Support Supplements Market Analysis :

In China, the market is expected to grow to be worth US$ 161.5 million with an absolute dollar growth of US$ 69.4 million. The market in China has grown at a CAGR of 7.5% from 2018 to 2022 and is expected to grow at a CAGR of 5.8% from 2023 to 2033.

According to research, in 2020, the prevalence of depression and anxiety symptoms in China during COVID-19 was higher than in previous years. The study surveyed over 50,000 individuals across 34 provinces in China and found that anxiety symptoms were reported by 28.8% of respondents and depression symptoms were reported by 16.5% of respondents.

The prevalence of mental health issues such as depression, anxiety, and stress, is increasing globally. Mood support supplements are being increasingly used as an adjunct to conventional treatments for mental health issues due to their natural and safe nature. This influences the market growth during the forecast period.

India Mood Support Supplements Market Analysis :

The market in India is expected to grow to be worth US$ 132 million by 2033, with an absolute dollar growth of US$ 50.2 million. The market in India has grown at a CAGR of 6.6% from 2018 to 2022 and is expected to grow at a CAGR of 4.9% from 2023 to 2033.

According to the Ministry of Agriculture and Farmers Welfare, in 2019, the production of ashwagandha in India was around 5,400 metric tons while in 2020 the production of ashwagandha was over 6,200 metric tons. This is an increase from the previous year's production of 5,400 metric tons. The demand for ashwagandha supplements is also on rise, as more people are turning to natural remedies for stress and anxiety management. The growing need for ashwagandha supplements influences the growth of mood support supplements in the upcoming years.

Japan Mood Support Supplements Market Analysis :

In Japan, the market is expected to grow to be worth US$ 80.7 million with an absolute dollar growth of US$ 29.1 million till 2033. The market in Japan has grown at a CAGR of 6.1% from 2018 to 2022 and is expected to grow at a CAGR of 4.6% from 2023 to 2033.

According to the World Health Organization (WHO), depression is a significant public health concern in Japan; in 2020, there were over 4.7 million people in the country experiencing the condition. This is more prevalent among women than men in Japan, with a prevalence rate of 6.4% among women and 3.3% among men.

Mood support supplements are becoming increasingly popular as an adjunct to conventional treatments for depression. These supplements typically contain natural ingredients such as omega-3 fatty acids, B vitamins, magnesium, and ashwagandha, which have been shown to have potential mood-boosting and antidepressant effects. Due to their health benefits, the demand of mood support supplements will rise in the upcoming years.

Category-Wise Insights

Which Form of Mood Support Supplements is projected to Witness the Significant Growth?

Mood support supplements in capsule form is projected to witness significant growth with a CAGR of 8% from 2018 to 2022. The market is expected to grow at a CAGR of 6.2% from 2023 to 2033.

Capsules are one of the most common forms of delivery for mood support supplements. They are easy to consume and convenient for consumers to take as a part of their daily routine. The market growth is mainly driven by an increasing awareness about the benefits of mood support supplements, rising disposable income, and a growing preference for convenient and easy-to-use supplements.

Through which Distribution Channel is the Market Projected to Witness the Significant Growth?

The market is expected to witness significant growth through online sales with a CAGR of 7.8% from 2018 to 2022. The market is further expected to grow at a CAGR of 6.1% from 2023 to 2033.

Increasing popularity of e-commerce channel drives the market growth. This helps consumers to access a wide variety of supplements and other health products online. Online sales are widely used during COVID-19, which has led many consumers to prefer online shopping over in-person shopping to reduce the risk of exposure. Online sales of mood support supplements are expected to grow faster than offline sales in the coming years.

Competitive Analysis :

Key players in the market are Blackmores, Holland & Barrett, Gaia Herbs, GNC, Life Extension, Nature Made, Centrum, Nature's Way, Solgar Inc., Nature's Bounty, OLLY, Swisse Wellness PTY LTD, Source Naturals, and Natrol.

A few of the recent developments in the market are :

• In April 2021, Nature Made announced that it had launched a new line of products called "Wellness Plus", designed to support specific health goals such as immune health, brain health, and joint health. The line includes products such as vitamin C, probiotics, and omega-3 supplements, and is formulated with clinically studied ingredients.
• In July 2021, the dietary supplement company Nature's Bounty announced the launch of a new line of mood support supplements called "Moodify," which includes products containing ingredients such as saffron extract, L-theanine, and ashwagandha.
• In April 2021, the dietary supplement company Gaia Herbs announced the launch of a new line of mood support supplements called "Daily Joy," which includes products containing ingredients like St. John's Wort, ashwagandha, and passionflower.

Segmentation of the Mood Support Supplements Market :

• By Type :

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

• By Form :

  • Capsules
  • Oils
  • Powder

• By Distribution Channel :

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

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa