CHICAGO, May 22, 2024 /PRNewswire/ -- According to Arizton's latest focus insight report, the US sleep supplements market is growing at a CAGR of 5.97% during 2023-2029.
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The US Sleep Supplements Market Report Scope
Report Attributes??? | Details??? |
Market Size (2029)????? | USD 1.45 Billion |
Market Size (2023)??? | USD 1.02 Billion |
CAGR (2023-2029)????? | 5.97 % |
Historic Year??? | 2020-2022?? |
Base Year??? | 2023 |
Forecast Year??? | 2024-2029?? |
The US sleep supplements market is growing significantly due to a surge in online sales and increasing demand for plant-based options. Lifestyle factors such as stress, irregular sleep patterns, and changing demographics, notably an aging population and health-conscious millennials, are driving this trend. The convenience of online purchasing has made sleep supplements more accessible, while the preference for natural ingredients aligns with the increasing demand for plant-based options. This convergence of factors underscores the market's rapid expansion.
In the US sleep supplements market, the web-based retailers' segment is the fastest growing segment, driven by consumers' increasing preference for online shopping due to its convenience and the availability of a wide range of products on online platforms.
The trend of vendors focusing on new product launches is driven by increasing consumer demand for innovative solutions to address sleep-related issues. By introducing new formulations, vendors are attracting many consumers. For instance, in Sept 2023, Natrol, a supplement brand, launched its first line of melatonin-free sleep supplements. In Apr 2021, Sandland, a US-based company, launched a new line of sleep aids that are scientifically proven to promote natural sleep.
Male Segment Leading the Market Growth
Men increasingly turn to sleep supplements for various reasons, reflecting a growing emphasis on sleep health and the pursuit of effective solutions for sleep-related issues. Factors such as lifestyle, health and wellness awareness, and demographic trends drive the demand for sleep supplements among men. Those with active lifestyles, whether through physical exercise, sports, or demanding jobs, recognize the importance of quality sleep for performance, recovery, and muscle repair. Sleep supplements can be particularly beneficial for men seeking to optimize their sleep for enhanced athletic performance and overall well-being. Additionally, men who work irregular hours or frequently travel across time zones may experience sleep disturbances due to disrupted circadian rhythms, making sleep supplements a helpful option. Sleep supplements containing melatonin or other ingredients known to regulate sleep-wake cycles are valued by males whose sleep is disrupted due to shift work or jet lag. In 2020, the Centers for Disease Control and Prevention conducted research on sleep difficulties in adults in the US, which found that 11.7% of males are having trouble falling asleep. The prevalence of sleep difficulties is lower in males compared to females.
Big box/superstores and supermarkets Distribution Channel to Witness Fastest Growth Rate
Big box/superstores and supermarkets play a significant role in the sleep supplements market in the US due to their wide reach, convenient locations, and diverse product offerings. These retail channels cater to a broad demographic of consumers and provide easy access to sleep supplements and other health and wellness products. These big box/superstores and supermarkets leverage their vast distribution networks, marketing strategies, and customer loyalty programs to capture a significant share of the sleep supplements market in the US. They offer a convenient and accessible shopping experience for consumers seeking effective solutions to improve their sleep quality and overall well-being. Customers buy sleep supplements from big box/superstores and supermarkets due to convenience and accessibility. By providing a wide selection of products at competitive prices in convenient locations, these retailers meet the needs of consumers seeking effective solutions to improve their sleep quality.
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Segmentation & Forecast
Formulation Market Insights (2023-2029)
- Tablets
- Capsules
- Gummies
- Other
Gender Market Insights (2023-2029)
- Males
- Females
Age Market Insights (2023-2029)
- Between 35 & 65 Years
- Less Than 34 Years
- Above 65 Years
Distribution Channel Market Insights (2023-2029)
- Bigbox/Superstores and Supermarkets
- Pharmacies
- Web-based Retailers
- Direct-To-Consumer
- Others
Vendors List
- Key Vendors
- Natrol, LLC.
- Nature Made
- Nestlé
- NOW Foods
- Procter & Gamble
- Sanofi
- Unilever
- Unisom
- Other Prominent Vendors
- Amazing Nutrition (Good Brands LLC)
- GORILLA MIND, LLC.
- Ion Nutritional Labs
- Life Extension
- Qunol
- Reckitt Benckiser Group plc.
- Rexall Sundown, Inc.
- Ritual
- Saga
- Sandland
- American Standard Supplements
- Banyan Botanicals
- Designs for Health
- Eaternal
- ELMNT Health
- EVLUTION NUTRITION
- Harmony Company
- Healthycell
- Herbs, Etc
- Hollis Nutrition
- Just Potent LLC
- Lief Organics
- Matsun Nutrition
- Medchoice
- MidNite
- Nature& Way
- NutriSport Pharmacal, Inc.
- Optimum Nutrition, Inc. (Glanbia plc)
- Otsuka Pharmaceutical Co., Ltd.
- Relaxium
- Renew Life Formulas, LLC
- Sugarbear Pro
- That Good Supplement Co.
- Top Shelf Grind
- UniWell Laboratories
Key questions Answered in the Report:
Q. How big is the U.S. sleep supplements market?
Q. What is the growth rate of the U.S. sleep supplements market?
Q. What are the drivers in the U.S. sleep supplements market?
Q. Who are the major players in the U.S. sleep supplements market?
Table of Content
CHAPTER - 1: US Sleep Supplements Market Overview
- Executive Summary
- Key Findings
- Key Developments
CHAPTER - 2: US Sleep Supplements Market Segmentation Data
- Formulation Market Insights (2023-2029)
- Tablets
- Capsules
- Gummies
- Other
- Gender Market Insights (2023-2029)
- Males
- Females
- Age Market Insights (2023-2029)
- Between 35 & 65 Years
- Less Than 34 Years
- Above 65 Years
- Distribution Channel Market Insights (2023-2029)
- Bigbox/Superstores and Supermarkets
- Pharmacies
- Web-based Retailers
- Direct-To-Consumer
- Others
CHAPTER - 3: US Sleep Supplements Market Prospects & Opportunities
- US Sleep Supplements Market Drivers
- US Sleep Supplements Market Trends
- US Sleep Supplements Market Constraints
CHAPTER - 4: US Sleep Supplements Market Overview
- US Sleep Supplements Market- Competitive Landscape
- US Sleep Supplements Market - Key Players
- US Sleep Supplements Market - Key Company Profiles
CHAPTER - 5: Appendix
- Research Methodology
- Abbreviations
- Arizton
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