The global serotonin supplement market is anticipated to grow at a significant CAGR of 4.7% during the forecast period (2022-2028). Serotonin is a neurotransmitter that aids in brain function, mood, and sleep regulation. It also aids in blood pressure control and digestion. Depression, anxiety, ADHD, and autism spectrum disorder are all treated with serotonin supplements (ASD). The geography segment for serotonin supplements is dominated by North America. The region’s market growth is mostly driven by the rising prevalence of anxiety among the youthful population. According to the latest data from the Centers for Disease Control and Prevention (CDC), around 40 million Americans aged 18 and up suffer from anxiety. An increasing number of women are being prescribed SSRIs for the treatment of depression induced by hormonal changes in their bodies and age-related consequences such as wrinkles, thinning hair, and so on. Additionally, people are becoming more aware of the benefits of taking a serotonin supplement, which can help with sleeplessness, anxiety, and depression. Another important reason boosting the global serotonin supplement market is its low cost and lack of adverse effects, that makes it accessible to customers of all economic levels throughout the world.
The Serotonin receptor has a preventing influence on appetite as well. According to an article published by Oxford University Press, which has led to the approval of receptor antagonists for the treatment of obesity. Thus, rising prevalence of obesity will also generate growth opportunities for the market. The WHO had predicted that 38.2 million children under the age of five would be overweight or obese in 2019 globally. Obesity and overweight are on the rise in low- and middle-income countries, particularly in urban areas. In Africa, the number of overweight children under the age of five has increased by around 24% since 2000. Nearly half of all overweight or obese children under the age of five lived in Asia in 2019. In 2016, around 340 million children and adolescents aged 5 to 19 years were overweight or obese. Obesity and overweight among children and adolescents aged 5 to 19 years old has increased drastically from 4% in 1975 to just over 18% in 2016.
Some major players in the market include Zhou Nutrition LLC, VH Nutrition LLC, BrainMD Health, Natural Stacks, Amrita Nutrition, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new supplement launches, to stay competitive in the market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Clinical Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape– Zhou Nutrition LLC, VH Nutrition LLC, BrainMD Health, Natural Stacks,Amrita Nutrition, among others.
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Global Serotonin Supplement Market Report by Segment
By Type
- Capsules
- Tablets
- Others
By Clinical Application
- Anxiety & Mood Disorders
- Insomnia
- Others
By Distribution Channel
- Supermarkets
- Retail Pharmacies
- Online Pharmacies
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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