Global herbal sleep aid supplement market is expected to show a robust growth during the forecast period. The growth can be attributed to the growing number of insomnia cases, increasing prevalence of obstructive sleep apnea, increasing demand for medication including herbal medicines due to unhealthy lifestyle, and rising geriatric population. There are numerous possible consequences to not obtaining enough or poor-quality sleep. The most noticeable issues are exhaustion and low energy, impatience, and difficulty in concentration. Sleep issues are frequently associated with symptoms of depression or anxiety. Sleep deprivation and excessive sleep are connected to a variety of chronic health issues, including heart disease and diabetes. Sleep difficulties can be a symptom of medical and neurological issues such as congestive heart failure, osteoarthritis, and Parkinson's disease.
About one-third of people suffer symptoms of insomnia, and 6-10% match the criteria for insomnia disorder. The most common sleep condition is insomnia, which involves difficulty in falling or staying asleep. Approximately 10-15% report issues with daytime functioning, and 6-10% symptoms severe enough to fulfil criteria for insomnia disorder. An estimated 40-50 percent of people who suffer from sleeplessness have another mental illness.
Growing Number of Insomnia Disorders
- According to a survey by SingleCare, 30%of survey respondents have a sleep issue (SingleCare, 2021).
- A sleep disorder affects 50 to 70million adults in the United States (American Sleep Association [ASA], 2021).
- Obstructive sleep apnea affects 25million adults in the United States (ASA, 2021).
- In the United States, 30% to 40% ofadults report symptoms of sleeplessness at some point during the year (AmericanJournal of Managed Care, 2020).
According to the National Sleep Foundation's 2020 Sleep in America Poll, almost one-third of U.S. adults do not receive the required seven to nine hours of sleep per night. Chronic sleep deprivation can lead to a variety of health problems, including depression, a weakened immune system, and perhaps Alzheimer's disease.
However, pharmacy aisles have an overwhelming selection of sleep remedy supplements, and unlike pharmaceutical manufacturers, supplement producers are not forced to follow FDA restrictions regarding product claims and efficacy.
According to biomolecules and therapeutics, natural sleep aids have the ability to treat mild to moderate insomnia and sleep problems. These items range from over-the-counter herbal, vitamin, and mineral supplements to elements already present in the body that may have sleep-promoting properties, such melatonin.
Natural sleep aids offer less negative side effects than many pharmaceutical medicines commonly given for insomnia, such as barbiturates, which can lead to regular usage or addiction. Natural sleep aids may be preferred by those with mild or recurrent insomnia because they have no negative side effects. However, it is imperative to continue researching the workings, effectiveness, and side effects of several natural sleep aids.
Download Free Sample ReportIncreasing Demand for Medication is Due to Unhealthy Lifestyles
In addition to concerns about side effects, many people turn to herbal sleep supplements because of their ease of use. Herbal sleep supplements are often found at in convenient forms, such as capsules, tablets, and teas, making them easy to integrate into a daily routine. This can be important, especially for people who are busy or have demanding schedules, as they may not have the time or energy to prepare more complex natural remedies. Another factor driving the demand for herbal sleep supplements is the growing interest in natural health and wellness. Many people are becoming more interested in natural remedies and alternative therapies and are turning to herbal sleep supplements as part of a holistic approach to maintaining health and wellbeing. This can include everything from practicing yoga and meditation to taking supplements and eating a healthy diet.
There is a growing awareness of the importance of sleep for overall health and wellbeing. Getting enough sleep is essential for maintaining physical and mental health and can have major impact on everything from mood and energy levels to cognitive function and immune system function. As people become more aware of the importance of sleep, they are increasingly seeking out natural remedies and supplements. Moreover, the availability of wide range of herbal sleep aid supplements in online retailers and applications is another factor which is driving the growth of the global herbal sleep aid supplement market. Online applications offer access to a wider range of products than brick-and-mortar retailers, as they are not limited by physical constraints.
Increasing Investment in Start-up Companies
For instance, a revolutionary mushroom-powered coffee and a soothing pre-sleep powder have been developed by Space Goods, a functional mushroom business with its headquarters in London, UK. The company has a number of other sleep aid supplement products in its pipeline.
Proper, a startup company with headquarters in New York, received $9.5 million in funding to introduce its line of natural sleeping pills.
Another startup company, Remrise raised $8.2 million to provide personalized, plant-based sleep aids. The latest upstart is in the competition for a better night's sleep that has already raised $8.2 million in early capital under the direction of Founders Fund. By combining conventional herbal supplements with better sleep hygiene, the service aims to wean users off of prescription sleep aids. With the use of sleep monitors (like Fitbits or Apple Watches) and sleep clinics, the company has already started a pilot study with 90 participants and intends to expand it to a larger study involving roughly 400 participants.
Increase in Geriatric Population Across the World
Adults frequently experience sleep difficulties, which can be attributed to a variety of things, such as poor sleep hygiene, concomitant diseases, caffeine, cigarette, and alcohol usage. Subject to, who has sleep abnormalities are evaluated for sleep apnea syndrome (SAS), rapid eye movement (REM) sleep behavior disorder (RBD), restless legs syndrome (RLS), and psychiatric illnesses such as depression and anxiety.
A study that was released in PubMed reveals an epidemiological study conducted in Japan found that the prevalence of insomnia was 21.4% when it was defined as having at least one episode of trouble falling asleep (8.3%), staying asleep (15.0%), or waking up early (8.0%). More than half of older persons’ experience sleeplessness, and these patients frequently receive insufficient care.
Market Segmentation
Market Players
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | Product Form Distribution Channel End User |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Canada, Mexico, France, United Kingdom, Italy, Germany, Spain, China, India, Japan, Australia, South Korea, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Kuwait |
| Key companies profiled | Nature Made (Pharmavite), Zenwise Health, Vicks ZzzQuil (P&G), Source Naturals, Inc., Natrol Inc., Unived, Gaia Herbs Inc., Enzymatic Therapy, Inc., Thorne Research, Inc., GNC Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
