Sleep Aid Supplements Market Report 2024 (Global Edition)

Global Sleep Aid Supplements Market Report 2024 Market Size Split by Product Type (Minerals, Vitamin, Melatonin, Valerian Root, Others), by Source (Synthetic, Natural), by Dosage Form (Tablets, Capsul...

Sleep Aid Supplements Market Report Description

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Sleep Aid Supplements Market Insights Video

Competitive Landscape of the Sleep Aid Supplements Market

Major manufacturers are investing a lot of money into R&D to create products that are herbal sleep aids. Two of the most important tactics used by businesses to expand in the market are growth and research and development. For instance, Takeda Pharmaceutical, Co. Ltd. and Unipharm Inc. established a cooperation and agreement in January 2018. With improved product sales and advertising in Russia, where Takeda has already made a name for itself, this agreement is expected to help Unipharm. Global market growth is expected to be fueled by these kinds of partnerships.

April 2023: Celmatix Inc. has launched a new drug approach that targets melatonin receptors outside of the central nervous system (CNS). (Source:https://resortecs.com/decathlon-launches-recyclable-ski-jacket-with-resortecs-technology/)

Top Companies Market Share in Sleep Aid Supplements Industry: (In no particular order of Rank)

• King
• Sanofi Aventis
• Takeda
• Sepracor
• Merck
• NutraScience Labs
• Novel Laboratories
• Inc.
• Pharmacia and Upjohn
• Nutracap Labs
• NutraClick
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Sleep Aid Supplements Market

Which Region Dominates the Sleep Aid Supplements Market in 2024?

According to Cognitive Market Research, North America led the market in 2024, accounting for almost 40% of worldwide sales. Due to a number of factors, North America is anticipated to lead the growth of the market for sleep aid supplements. Many people in the area have insomnia, sleep apnea, and other sleep-related conditions. Sleep problems are very common in this area. The market for sleep aid pills is growing as people become more conscious of how vital sleep is to their general health and well-being. The aging population, more disposable incomes, and the rising need for herbal and natural items are other factors driving market expansion. The existence of significant market players and continuous product innovation further supports the market expansion in North America.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Sleep Aid Supplements market. The market for sleep aid supplements is expected to increase significantly, with the Asia Pacific area leading the way. The region is seeing an increase in the prevalence of sleep problems due to rapid urbanization and increased stress levels. The industry driving the sleep aid market is rising disposable incomes and growing awareness of the significance of sleep health. The huge elderly population in the region further fuels this demand. Furthermore, the industry is supported by the growing acceptability of herbal and natural medicines, which are in line with traditional practices. Other essential factors propelling industry expansion include the expansion of e-commerce platforms and the entry of global industry players into the Asia Pacific region.

 

The current report Scope analyzes Sleep Aid Supplements Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Sleep Aid Supplements Market

According to Cognitive Market Research, the global Sleep Aid Supplements market size was estimated at USD 7851.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3140.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Sleep Aid Supplements market with a market size of USD 2477.84 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Insomnia is common in the United States, where a large percentage of people have trouble falling or staying asleep. This expands the market for supplements that promote sleep.
• The Canada Sleep Aid Supplements market had a market share of USD 376.86 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canadians are becoming more health-conscious, and public health campaigns encouraging good sleep hygiene are helping to drive up the use of sleep aid supplements.
• The Mexico Sleep Aid Supplements market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 285.78 million in 2024.

Europe Sleep Aid Supplements Market

According to Cognitive Market Research, the global Sleep Aid Supplements market size was estimated at USD 7851.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2355.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Sleep Aid Supplements market had a market share of USD 395.70 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Sleep problems affect a significant portion of the UK population. Sleep aid demand is fueled by factors such as extended work hours, a fast-paced lifestyle, and increasing screen time.
• The France Sleep Aid Supplements market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 216.69 million in 2024.
• According to Cognitive Market Research, the German Sleep Aid Supplements market size was valued at USD 466.36 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. Germany's populace is known for having high levels of stress due to their strong work ethic and rigorous schedules. Supplemental sleep aids are thought to help reduce tension and encourage relaxation in order to improve the quality of sleep.
• The Italy Sleep Aid Supplements market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 202.56 million in 2024.
• The Russia Sleep Aid Supplements market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 365.08 million in 2024.
• The Spain Sleep Aid Supplements market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 193.14 million in 2024
• The Luxembourg Sleep Aid Supplements market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 73.02 million in 2024.
• The Portugal Sleep Aid Supplements market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 49.46 million in 2024.
• The Greece Sleep Aid Supplements market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 28.26 million in 2024.
• Rest of Europe's Sleep Aid Supplements market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 365.08 million in 2024.

Asia Pacific Sleep Aid Supplements Market

According to Cognitive Market Research, the global Sleep Aid Supplements market size was estimated at USD 7851.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1805.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Sleep Aid Supplements market size was valued at USD 812.60 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In China, awareness of mental health issues is growing. Because sleep is known to be essential for mental health, there may be an increase in sleep aid products sold as a component of a comprehensive mental health strategy.
• The Japan Sleep Aid Supplements market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 249.20 million in 2024.
• The India Sleep Aid Supplements market had a market share of USD 216.69 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India is home to a huge and aging population that is still increasing. Due to their increased susceptibility to sleep disorders, this group has a significant demand for supplements that treat age-related sleep problems.
• The South Korea Sleep Aid Supplements market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 180.58 million in 2024.
• The Australia Sleep Aid Supplements market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 93.90 million in 2024.
• The South East Asia Sleep Aid Supplements market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 124.60 million in 2024.
• The Rest of Asia Pacific Sleep Aid Supplements market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 128.21 million in 2024.

South America Sleep Aid Supplements Market

According to Cognitive Market Research, the global Sleep Aid Supplements market size was estimated at USD 7851.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 392.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Sleep Aid Supplements market size was valued at USD 168.02 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. In Brazil, people are starting to favor natural therapies more and more. This tendency is catered to by sleep aid products that contain melatonin, passionflower, or chamomile.
• Argentina's Sleep Aid Supplements market had a market share of USD 65.95 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. The use of therapeutic herbs dates a long way back in Argentina. Supplements for sleep help that combine regional herbs with other natural substances may be well-liked.
• Colombia's Sleep Aid Supplements market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 34.94 million in 2024.
• Peru Sleep Aid Supplements market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 32.19 million in 2024.
• Chile's Sleep Aid Supplements market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 28.26 million in 2024.
• The Rest of Latin America's Sleep Aid Supplements market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 63.20 million in 2024.

Middle East and Africa Sleep Aid Supplements Market

According to Cognitive Market Research, the global Sleep Aid Supplements market size was estimated at USD 7851.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 157.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

• The GCC Countries Sleep Aid Supplements market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 67.21 million in 2024. The GCC countries are experiencing a boom in the e-commerce sector, which facilitates quicker access to a large range of sleep aid products from both local and foreign manufacturers.
• The Egypt Sleep Aid Supplements market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 16.49 million in 2024.
• The South Africa Sleep Aid Supplements market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 24.81 million in 2024. Supplement regulations in South Africa are comparatively stringent. Comparing this market to certain others might help buyers feel more confident about the quality and safety of sleep aid products.
• The Turkey Sleep Aid Supplements market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 13.50 million in 2024.
• The Nigeria Sleep Aid Supplements market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 16.49 million in 2024.
• The Rest of the MEA Sleep Aid Supplements market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 18.53 million in 2024.

Sleep Aid Supplements Market Analysis

Sleep Aid Supplements Market Product Type Segment Analysis

According to Cognitive Market Research, Melatonin is the dominating category. Due to its ability to control the sleep-wake cycle, melatonin is a crucial ingredient in the market for sleep aid supplements. Because it helps align the body's internal clock, jet lag and insomnia are frequently treated with it. Because they can enhance sleep onset and quality without creating reliance, melatonin pills are well-liked. People who travel frequently, have shift work schedules or have trouble sleeping as a result of aging or stress are among their main supporters. Customers looking for over-the-counter sleep aids prefer melatonin because of its natural presence in the body and its efficacy.

Vitamin is the fastest-growing category in the Sleep Aid Supplements market. The market for sleep aid supplements is heavily influenced by vitamins, especially vitamin D and B6. Tryptophan must be converted into serotonin, a neurotransmitter implicated in sleep control, by vitamin B6. Supplements containing it are frequently used to support neurotransmitter balance and enhance the quality of sleep. Vitamin D is associated with better sleep patterns and supports the maintenance of circadian rhythms. It is a useful addition to sleep aid formulations meant to improve general sleep health because its lack is linked to sleep disruptions.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Sleep Aid Supplements Industry. Request a Free Sample PDF!

Sleep Aid Supplements Market Source Segment Analysis

According to Cognitive Market Research, the dominating category is Natural. The market for sleep aid supplements is seeing an increase in demand for products made with natural substances like minerals like magnesium, herbs like chamomile and valerian root, and amino acids like L-theanine. Because they are seen to be safer and to have fewer negative effects than synthetic equivalents, consumers are beginning to favor these natural sources more and more. Natural source products are also preferred because of their comprehensive approach to sleep health, which reflects consumer preferences for sustainability and well-being in their food and lifestyle decisions.

The fastest-growing category in the Sleep Aid Supplements market is Synthetic. In the sleep aid supplement market, synthetic sources are favored for their exact dosage and formulation, which are important for satisfying particular customer needs. Because of their consistency and carefully regulated manufacturing procedures, synthetic substances with consistent efficacy, such as melatonin and certain amino acids, are frequently preferred. They are appealing to customers seeking standardized and empirically supported treatments for sleep disturbances. The need for synthetic sources is partly a result of their capacity to provide focused assistance for successfully enhancing sleep onset and quality.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Sleep Aid Supplements Dosage Form Segment Analysis

Sleep Aid Supplements Market Dosage Form Segment Analysis

According to Cognitive Market Research, the dominating category is Capsules. Because they are convenient, simple to take, and can include exact quantities of active substances like melatonin, valerian root, and herbal extracts, capsules continue to be a popular dosage form on the market for sleep aid supplements. Customers seeking consistent efficacy in treating sleep problems like insomnia can find a standardized and controlled delivery mechanism with capsules. Consumer preference for a dependable and simple intake technique that guarantees the efficacy and consistent absorption of sleep aid supplements also contributes to their appeal.

The fastest-growing category in the Sleep Aid Supplements market is Tablets. Because of its portability, comfort, and simplicity of use, tablets are a common dosage form in the market for sleep aid supplements. They have concentrated active components, including melatonin, vitamins that promote healthy sleep, and herbal extracts like chamomile and valerian root. Tablets provide users with a dependable and standard strategy for managing sleep issues like insomnia and enhancing the quality of their sleep. The reason for their appeal is that they are easy to use, well-known, and can provide convenient dosages of vitamins that aid in sleep.

• Tablets
• Capsules
• Powders
• Liquid

Sleep Aid Supplements Indication Segment Analysis

Sleep Aid Supplements Market Indication Segment Analysis

According to Cognitive Market Research, the dominating category is Insomnia. Products for insomnia are available on the market for sleep aid supplements, and their goal is to reduce symptoms like difficulties falling asleep, numerous nighttime awakenings, or early morning awakenings. Ingredients with relaxing and sleep-promoting qualities, such as melatonin, L-theanine, passionflower, and valerian root, are frequently found in these supplements. They promote overall sleep quality, improve relaxation, and assist in control of the sleep-wake cycle. Insomnia-specific supplements fill a major need in the market for non-prescription, efficient ways to increase the quality and quantity of sleep.

The fastest-growing category in the Sleep Aid Supplements market is the Sleep Apnea. The market for sleep aid supplements offers solutions to treat sleep apnea by promoting respiratory health and general sleep quality. Supplements such as melatonin, magnesium, and specific herbal blends can help with sleep apnea symptoms by enhancing sleep patterns, even if they are not a direct cure for the condition. These supplements are frequently used to improve the quality of sleep in addition to traditional therapies like CPAP equipment. Customers who suffer from sleep apnea are drawn to these supplements because they may help them unwind and get undisturbed sleep, which can help manage their disease as a whole.

• Insomnia
• Sleep Apnea
• Narcolepsy
• Other Sleep Disorders

Sleep Aid Supplements Distribution Channel Segment Analysis

Sleep Aid Supplements Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the dominating category is Hospital Pharmacies. Because they offer specialized care and access to sleep-help products in healthcare settings, hospital pharmacists are important players in the sleep aid supplements market. They have a selection of supplements designed to treat sleep issues like apnea and insomnia. Hospital pharmacies guarantee patient safety by offering specialized advice and recommendations based on each patient's unique medical requirements. With clinically tested medicines, they support the treatment and management of sleep-related problems by providing a dependable distribution route for both inpatient and outpatient settings.

The fastest-growing category in the Sleep Aid Supplements market is the Retail Pharmacies. This is because retail pharmacies provide easy access to a variety of products targeted at enhancing sleep quality, making them a vital distribution channel in the sleep aid supplements market. These pharmacies carry a variety of sleep aid supplements, such as those based on melatonin, herbal medicines like chamomile and valerian root, and vitamin formulas that promote healthy sleep. Retail pharmacies serve customers looking for over-the-counter treatments for sleep disorders like insomnia and sleep apnea by offering product suggestions, consumer education, and convenient payment methods. This promotes the expansion and accessibility of the industry.

• Retail Pharmacies
• Hospital Pharmacies
• Online Pharmacies
• Specialty Stores

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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