Global Mood Health Market Outlook
Human being’s progressive stressful lives today have prompted an increase in the treatments of specific mood health disorders like depressive disorder, bipolar disorder, and other disruptive mood disorders. Such a changing lifestyle is expected to fuel growth in the mood health market during the forecast period. Treatments for anxiety and anger are expected to reflect notable trends in the mood health market in the coming years.
The rising number of sleep disorders due to poor mental health is another factor that is likely to register notable trends for sleep aids during the forecast period in the mood health market. According to the study of the Center for Disease Control and Prevention one in three adults in America don’t get proper and enough sleep which directly impacts the mental health of the individuals. Such rising mood and mental disorders will facilitate mood health market growth in the coming years.
Global Mood Health Market: Market Dynamics
Drivers for Mood Health Market
The current pandemic outbreak has altered every aspect of human life from health to work. According to the study undertaken by the American Psychological Association, the effects of the pandemic outbreak on health are likely to be long-lasting and serious. As the economy is currently in its phase of recession the stress related to financial aspects, jobs, families, and others is rising among individuals. Such increasing stress is impacting the mental health of individuals that indirectly points towards the growth of the mood health market in the following years.
Trends for Mood Health Market
Probiotic supplements are also recently gained popularity in the mood health market. Numerous researches demonstrating the gut-brain connection and rising awareness regarding the probiotics among consumers have propelled the demand for such products in the mood health market. Besides this, saffron extracts are also significantly gaining popularity as an ingredient in the mood health market products due to its health benefits.
All of such new trends are paving the way for new product launches in the mood health market. Companies are focused on including such specific products in their portfolios providing more health benefits. Nature’s Bounty is one such company that recently made new additions to its product portfolio related to anxiety, stress, and sleep.
Opportunities for Mood Health Market
The rising number of mood health issues are expected to facilitate the growth of the mood health market in the coming years. Depression, stress and, anxiety are a few health issues that remain highly unnoticed or neglected. Organizations like WHO (World Health Organizations) are actively engaged in promoting the importance of treating mood or mental health. This growing awareness regarding the treatment of mental health is expected to open up new opportunities for the players operating in the mood health market in the coming years.
Challenges for Mood Health Market
The regulatory framework designed by the FDA (Food and Drug Administration), the European Union, and other concerned agencies for the health safety of consumers are likely to pose some challenges for the players in the market. These regulations include regulatory norms related to packaging, labeling, and other promotions and advertisements related to products.
Apart from this, few supplements can also have a negative impact on health. Mood health supplements contain active ingredients elevated blood pressures, dizziness, unwanted headaches that can impact the consumer's health negatively. Consumer safety should be prioritized by the manufacturers operating in the mood health market.
Global Mood Health Market: Market Segmentation
On the basis of dosage form, the global mood health market has been segmented as –
On the basis of application, the global mood health market has been segmented as –
On the basis of the price range, the global mood health market has been segmented as –
On the basis of the sales channel, the global mood health market has been segmented as
Global Mood Health Market: Key Players
Some of the key players operating in the global mood health market are Teva Pharmaceutical Industries Ltd., Onnit Labls LLC, Pure lIfe Bioscience Co., Ltd, HVMN Inc., Ion Labs Inc., Alkermes Plc, GlaxoSmithKline Plc., Bristol Myers Squibb Company.,Eli Lilly and Co., Merck and Company, Lundbeck A/S, Takeda Pharmaceutical Company Ltd., and many other brands that offer products in the mood health market.
Mood Health Market: Regional Outlook
North America and Europe are prominent markets as the awareness regarding mood health issues and its impact on health are high in these regions. Due to high awareness, the rate of adoption of products to lift mood is comparatively high in these regions than the others.
South Asia and East Asia are lucrative mood health markets due to a rising number of health issues like sleep deprivation due to stress and anxiety in the aging population in these regions. However, the prevalence of stress and anxiety is also high among millennials and baby boomers. With little more awareness regarding mood health or mental health management is likely to open up new opportunities for the players in these regions.