Premenstrual Syndrome (PMS) and Menstrual Health Supplements Market: Dynamics, Key Players, and Industry Projections till 2029 by TechSci Research

Manhattan , 05/08/2024 (informazione.it - comunicati stampa - industria)

The Global Premenstrual Syndrome (PMS) and Menstrual Health Supplements Market is experiencing steady growth and is projected to continue on this trajectory over the forecast period. According to a TechSci Research report, the market stood at USD 20.13 billion in 2023 and is anticipated to grow at a CAGR of 5.04% through 2029. This report delves into various aspects of the market, including emerging trends, key drivers, regulatory scenarios, top companies, and segments. Additionally, it provides a future outlook, industry key highlights, competitive analysis, and ten benefits of the research report in pointers.

 

Emerging Trends in the PMS and Menstrual Health Supplements Market

What Are the Emerging Trends in This Market?

In recent years, several emerging trends have significantly influenced the Global PMS and Menstrual Health Supplements Market:

1. Innovative Formulations and Delivery Methods: Advancements in research and development have led to the creation of innovative formulations and delivery methods. Companies are exploring novel ingredients such as plant extracts, vitamins, minerals, and probiotics known for their potential to alleviate PMS symptoms. Innovative delivery systems, including time-release capsules, sublingual tablets, and transdermal patches, are being developed to enhance the bioavailability and effectiveness of these supplements.
2. Personalized Nutrition: The concept of personalized nutrition is gaining traction in the menstrual health supplements market. Consumers are increasingly seeking supplements tailored to their specific needs based on genetic, lifestyle, and physiological factors. This trend is driving the development of customized supplements that address individual PMS symptoms more effectively.
3. Natural and Organic Products: There is a growing demand for natural and organic menstrual health supplements. Consumers are becoming more health-conscious and prefer products free from synthetic ingredients, preservatives, and artificial additives. This trend has led to the introduction of supplements derived from natural sources, such as herbal extracts and organic compounds.
4. Digital Health Integration: The integration of digital health technologies with menstrual health supplements is an emerging trend. Mobile apps and wearable devices are being used to monitor menstrual cycles and track symptoms, enabling personalized supplement recommendations and dosage adjustments. This integration enhances the overall effectiveness of PMS management.

 

Browse market data Figures spread through 180 Pages and an in-depth TOC on "Global Premenstrual Syndrome (PMS) and Menstrual Health Supplements Market” 

 

What Are the Key Drivers of This Market?

Several factors are driving the growth of the Global PMS and Menstrual Health Supplements Market:

1. Increasing Awareness of Women's Health Issues: There is a growing awareness of women's health issues, particularly PMS and menstrual health. This awareness has led to a higher demand for effective solutions to manage PMS symptoms, driving the growth of the menstrual health supplements market.
2. Rising Research and Development Activities: The increased focus on understanding the mechanisms behind PMS symptoms and developing effective solutions has led to significant advancements in the field of menstrual health supplements. Manufacturers are investing in research and development to demonstrate the efficacy and safety of their products, which in turn boosts consumer confidence.
3. Consumer Demand for Evidence-Based Solutions: As consumers become more health-conscious and discerning, they seek products backed by scientific research and clinical studies. This demand for evidence-based solutions has prompted manufacturers to invest in rigorous scientific testing to validate the benefits of their supplements in managing PMS symptoms.
4. Holistic Approaches to Menstrual Health: There is a growing preference for natural and holistic approaches to menstrual health management. Consumers are increasingly seeking supplements that offer a comprehensive approach to managing PMS symptoms, including mood swings, cramps, bloating, and fatigue.

 

How Does the Regulatory Scenario Shape This Industry?

The regulatory scenario plays a crucial role in shaping the Global PMS and Menstrual Health Supplements Market. Regulatory frameworks ensure product safety, efficacy, and quality, while also facilitating market entry for new products.

North America

In North America, particularly in the United States, the regulatory environment is conducive to the dietary supplements market. The regulations ensure product safety and efficacy while allowing for a relatively streamlined approval process compared to other regions. This streamlined process facilitates quicker market entry for new products, contributing to the market's growth and dominance in this region.

Europe

In Europe, the regulatory framework for dietary supplements is stringent, ensuring high standards of safety and quality. The European Food Safety Authority (EFSA) plays a key role in evaluating the safety and efficacy of supplements. While the regulatory process may be more rigorous, it enhances consumer confidence in the products available in the market.

Asia-Pacific

The Asia-Pacific region has diverse regulatory environments, with some countries having well-established frameworks and others in the process of developing regulations. Countries like Japan and South Korea have stringent regulatory standards, while emerging markets like India are gradually strengthening their regulatory frameworks to ensure product safety and efficacy.

Latin America and the Middle East & Africa

In Latin America and the Middle East & Africa, the regulatory landscape is evolving, with governments taking steps to improve the safety and quality of dietary supplements. These regions present growth opportunities for companies that can navigate the regulatory challenges and meet the evolving standards.

 

Top 10 Companies in the PMS and Menstrual Health Supplements Market

Several major companies operate in the Global PMS and Menstrual Health Supplements Market, contributing to its growth and innovation. The top 10 companies in this market are:

1. Herbalife International of America, Inc.
2. Nature’s Bounty
3. Amway Corp.
4. GNC Holdings, LLC
5. USANA Health Sciences, Inc.
6. GlaxoSmithKline Plc
7. MetP Pharma AG
8. Archer-Daniels-Midland Company
9. Power Gummies
10. Looni

 

Company Highlights

Looni: A U.S.-based company, launched Balance Mood Complex, a menstrual health supplement, in 2021 to help with hormone imbalance. Available in capsule form, it works as a hormone stabilizer to effectively lower mood swings and irritations.

Power Gummies: India’s most valuable nutraceutical company, has developed a formula for PMS relief that includes chasteberry, vitamin C, passionflower, and citrus bioflavonoids. This formula is gaining popularity and contributing to the growth of the PMS supplement market.

 

Top Segments in the PMS and Menstrual Health Supplements Market

The Global PMS and Menstrual Health Supplements Market is segmented into product type, indication, formulation, end-use, regional distribution, and company.

 

Based on Formulation

In 2023, the capsules/tablets segment emerged as the dominant segment. Several factors contribute to this dominance:

1. Convenience and Acceptance: Capsules and tablets are among the most convenient and widely accepted forms of dietary supplements. They offer precise dosage, making it easy for consumers to manage their intake accurately.
2. Stability and Shelf-Life: Capsules and tablets protect the active ingredients from degradation caused by environmental factors such as light, moisture, and air, ensuring the supplements remain effective over time. This reliability enhances consumer trust in the product's efficacy.
3. Ease of Transport and Storage: Capsules and tablets are easy to transport and store, which adds to their convenience for consumers who lead busy lifestyles.

 

 

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Based on Region

North America: Anticipated to dominate in the forecast period, North America is home to several leading companies and brands in the dietary supplements industry. These companies are heavily invested in research and development, leading to the creation of innovative and effective products tailored to address PMS symptoms.

Asia-Pacific: The Asia-Pacific region is expected to witness significant growth due to the increasing awareness of women's health issues and the rising demand for effective PMS management solutions.

 

Industry Key Highlights

• The Global PMS and Menstrual Health Supplements Market stood at USD 20.13 billion in 2023.
• The market is projected to grow at a CAGR of 5.04% through 2029.
• Advancements in research and development are driving the creation of innovative formulations and delivery methods.
• The capsules/tablets segment emerged as the dominant segment based on formulation in 2023.
• North America is anticipated to dominate the market in the forecast period.

  

Recent Developments

• In August 2022, Looni launched Balance Beam Mood Complex, a vegan menstrual health supplement that includes ingredients like 5-HTP, ashwagandha, L-theanine, and vitamin B to support hormone and neurotransmitter balance. This helped the company expand its product offerings and increase sales.

  

 

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