Mood Support Supplements Market
Mood Support Supplements Market Forecasts to 2030 - Global Analysis By Type (Vitamin D, S-Adenosyl-L-Methionine, Omega-3s, Vitamin B, Ashwagandha, Magnesium and Other Types), Form, Distribution Channel, Application and By Geography
According to Stratistics MRC, the Global Mood Support Supplements Market is accounted for $670.0 million in 2023 and is expected to reach $1045.0 million by 2030 growing at a CAGR of 6.5% during the forecast period. Mood support supplements are products designed to help regulate and enhance mood. They typically contain a combination of vitamins, minerals, herbs, and other natural compounds that are believed to have a positive impact on emotional well-being. These supplements are often used by individuals experiencing mood imbalances, stress, anxiety, or depression as a complementary approach to traditional treatments or as a proactive measure for maintaining mental health.
According to the World Health Organization, approx. 280 million people across the globe have depression, which makes up about 3.8% of the world’s total population, and more than 7,00,000 people die every year due to suicide or as a result of depression.
Market Dynamics:
Driver:
Increasing mental health awareness
As mental health awareness continues to grow, the market is witnessing a significant shift. More consumers are seeking products that not only address mood imbalances but also promote overall mental well-being. Companies are responding by emphasizing transparency, quality ingredients, and scientific backing in their formulations. This trend reflects a broader societal focus on mental wellness, driving innovation and accessibility in the market.
Restraint:
Lack of conclusive scientific evidence
While many products tout benefits for mood enhancement, anxiety reduction, and overall well-being, the actual efficacy is frequently debated due to limited rigorous clinical studies. Despite anecdotal support and some preliminary research, the absence of large-scale, long-term trials with diverse populations makes it challenging to draw definitive conclusions about the true effectiveness and safety of these supplements. Thus, the market often lacks conclusive scientific evidence to substantiate its claims.
Opportunity:
Preference for natural and herbal products
Consumers are increasingly seeking alternatives that are derived from plant-based sources, free from synthetic additives and chemicals. This preference stems from a desire for holistic well-being and a perception that natural ingredients offer gentler, more sustainable solutions for managing mood and emotions. As a result, brands emphasizing these qualities are gaining traction and reshaping the landscape of mood support products.
Threat:
Potential for side effects and interactions
In the market, potential side effects and interactions can vary widely depending on the specific ingredients used. Common side effects may include digestive issues, headaches, or allergic reactions. Interactions can occur with medications such as antidepressants or blood thinners, leading to adverse effects or reduced efficacy. It's crucial for consumers to consult healthcare professionals before starting any new supplement to minimize risks and ensure compatibility with existing treatments.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the Mood Support Supplements market as people prioritized mental well-being. Increased stress, anxiety, and disrupted routines led to heightened demand for mood-enhancing products. Companies adapted by focusing on online sales, digital marketing, and promoting immune-boosting properties in their supplements. Despite initial supply chain challenges, the market witnessed steady growth due to heightened awareness and the growing trend of self-care amidst the pandemic's uncertainties.
The ashwagandha segment is expected to be the largest during the forecast period
The ashwagandha segment is expected to be the largest during the forecast period. As consumers increasingly prioritize mental well-being, products featuring ashwagandha have gained popularity for their natural approach to mood enhancement. Its inclusion in formulations often targets mood stabilization, promoting a sense of calmness and overall emotional balance. This herb's presence underscores the growing demand for holistic so lutions in the wellness industry, driving innovation and diversity in mood support offerings.
The anxiety reduction segment is expected to have the highest CAGR during the forecast period
The anxiety reduction segment is expected to have the highest CAGR during the forecast period. These supplements often contain ingredients like ashwagandha, chamomile, and L-theanine, known for their stress-relieving properties. As more people seek natural alternatives for managing anxiety, this segment of the market continues to grow, offering consumers a range of options to support their mental well-being.
Region with largest share:
North America is projected to hold the largest market share during the forecast period driven by increasing awareness about mental health and wellness. Consumers are seeking natural and holistic solutions to manage stress, anxiety, and mood disorders. This trend has led to a surge in demand for mood-enhancing supplements containing ingredients like herbal extracts, vitamins, and amino acids. With a focus on emotional well-being, the market is expected to continue expanding as more people prioritize mental health in their lifestyles.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. Factors such as urbanization, changing lifestyles, and a focus on holistic well-being have contributed to this growth.T here's a growing preference for products that are free from artificial additives and are perceived as safe with minimal side effects. These supplements are distributed through various channels such as pharmacies, health food stores, online retailers, and supermarkets.
Key players in the market
Some of the key players in Mood Support Supplements market include Purelife Bioscience Co. Ltd., Solgar Inc., OLLY, Nature’s Bounty, Nature’s Way, GNC, Holland & Barrett, Source Naturals, Swisse Wellness PTY LTD., Blackmores, Centrum, Gaia Herbs, Teva Pharmaceutical Industries Ltd., Life Extension, Nature Made and Accelerated Intelligence Inc.
Key Developments:
In September 2023, Gaia Herbs introduced four new products designed to support the menstrual cycle. Expanding their existing range of offerings tailored to women of all age groups, these new products have been developed by women with a focus on addressing specific symptoms related to menstruation during the childbearing years.
In March 2023, Life Extension introduced its latest product Omega-3 Fish Oil Gummy Bites. While fish oil gummies provide an alternative to softgels, the majority of existing formulations are high in sugars and contain lower levels of omega-3 fatty acids.
Types Covered:
• Vitamin D
• S-Adenosyl-L-Methionine
• Omega-3s
• Vitamin B
• Ashwagandha
• Magnesium
• Other Types
Forms Covered:
• Powder
• Capsules
• Oils
Distribution Channels Covered:
• Pharmacy Stores
• Online Sales
• Supermarkets/Hypermarkets
• Specialty Stores
Applications Covered:
• Anxiety Reduction
• Mood Enhancement
• Sleep Support
• Cognitive Function
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Mood Support Supplements Market, By Type
5.1 Introduction
5.2 Vitamin D
5.3 S-Adenosyl-L-Methionine
5.4 Omega-3s
5.5 Vitamin B
5.6 Ashwagandha
5.7 Magnesium
5.8 Other Types
6 Global Mood Support Supplements Market, By Form
6.1 Introduction
6.2 Powder
6.3 Capsules
6.4 Oils
7 Global Mood Support Supplements Market, By Distribution Channel
7.1 Introduction
7.2 Pharmacy Stores
7.3 Online Sales
7.4 Supermarkets/Hypermarkets
7.5 Specialty Stores
8 Global Mood Support Supplements Market, By Application
8.1 Introduction
8.2 Anxiety Reduction
8.3 Mood Enhancement
8.4 Sleep Support
8.5 Cognitive Function
8.6 Other Applications
9 Global Mood Support Supplements Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Purelife Bioscience Co. Ltd.
11.2 Solgar Inc.
11.3 OLLY
11.4 Nature’s Bounty
11.5 Nature’s Way
11.6 GNC
11.7 Holland & Barrett
11.8 Source Naturals
11.9 Swisse Wellness PTY LTD.
11.10 Blackmores
11.11 Centrum
11.12 Gaia Herbs
11.13 Teva Pharmaceutical Industries Ltd.
11.14 Life Extension
11.15 Nature Made
11.16 Accelerated Intelligence Inc.
List of Tables
1 Global Mood Support Supplements Market Outlook, By Region (2021-2030) ($MN)
2 Global Mood Support Supplements Market Outlook, By Type (2021-2030) ($MN)
3 Global Mood Support Supplements Market Outlook, By Vitamin D (2021-2030) ($MN)
4 Global Mood Support Supplements Market Outlook, By S-Adenosyl-L-Methionine (2021-2030) ($MN)
5 Global Mood Support Supplements Market Outlook, By Omega-3s (2021-2030) ($MN)
6 Global Mood Support Supplements Market Outlook, By Vitamin B (2021-2030) ($MN)
7 Global Mood Support Supplements Market Outlook, By Ashwagandha (2021-2030) ($MN)
8 Global Mood Support Supplements Market Outlook, By Magnesium (2021-2030) ($MN)
9 Global Mood Support Supplements Market Outlook, By Other Types (2021-2030) ($MN)
10 Global Mood Support Supplements Market Outlook, By Form (2021-2030) ($MN)
11 Global Mood Support Supplements Market Outlook, By Powder (2021-2030) ($MN)
12 Global Mood Support Supplements Market Outlook, By Capsules (2021-2030) ($MN)
13 Global Mood Support Supplements Market Outlook, By Oils (2021-2030) ($MN)
14 Global Mood Support Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
15 Global Mood Support Supplements Market Outlook, By Pharmacy Stores (2021-2030) ($MN)
16 Global Mood Support Supplements Market Outlook, By Online Sales (2021-2030) ($MN)
17 Global Mood Support Supplements Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
18 Global Mood Support Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
19 Global Mood Support Supplements Market Outlook, By Application (2021-2030) ($MN)
20 Global Mood Support Supplements Market Outlook, By Anxiety Reduction (2021-2030) ($MN)
21 Global Mood Support Supplements Market Outlook, By Mood Enhancement (2021-2030) ($MN)
22 Global Mood Support Supplements Market Outlook, By Sleep Support (2021-2030) ($MN)
23 Global Mood Support Supplements Market Outlook, By Cognitive Function (2021-2030) ($MN)
24 Global Mood Support Supplements Market Outlook, By Other Applications (2021-2030) ($MN)
25 North America Mood Support Supplements Market Outlook, By Country (2021-2030) ($MN)
26 North America Mood Support Supplements Market Outlook, By Type (2021-2030) ($MN)
27 North America Mood Support Supplements Market Outlook, By Vitamin D (2021-2030) ($MN)
28 North America Mood Support Supplements Market Outlook, By S-Adenosyl-L-Methionine (2021-2030) ($MN)
29 North America Mood Support Supplements Market Outlook, By Omega-3s (2021-2030) ($MN)
30 North America Mood Support Supplements Market Outlook, By Vitamin B (2021-2030) ($MN)
31 North America Mood Support Supplements Market Outlook, By Ashwagandha (2021-2030) ($MN)
32 North America Mood Support Supplements Market Outlook, By Magnesium (2021-2030) ($MN)
33 North America Mood Support Supplements Market Outlook, By Other Types (2021-2030) ($MN)
34 North America Mood Support Supplements Market Outlook, By Form (2021-2030) ($MN)
35 North America Mood Support Supplements Market Outlook, By Powder (2021-2030) ($MN)
36 North America Mood Support Supplements Market Outlook, By Capsules (2021-2030) ($MN)
37 North America Mood Support Supplements Market Outlook, By Oils (2021-2030) ($MN)
38 North America Mood Support Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
39 North America Mood Support Supplements Market Outlook, By Pharmacy Stores (2021-2030) ($MN)
40 North America Mood Support Supplements Market Outlook, By Online Sales (2021-2030) ($MN)
41 North America Mood Support Supplements Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
42 North America Mood Support Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
43 North America Mood Support Supplements Market Outlook, By Application (2021-2030) ($MN)
44 North America Mood Support Supplements Market Outlook, By Anxiety Reduction (2021-2030) ($MN)
45 North America Mood Support Supplements Market Outlook, By Mood Enhancement (2021-2030) ($MN)
46 North America Mood Support Supplements Market Outlook, By Sleep Support (2021-2030) ($MN)
47 North America Mood Support Supplements Market Outlook, By Cognitive Function (2021-2030) ($MN)
48 North America Mood Support Supplements Market Outlook, By Other Applications (2021-2030) ($MN)
49 Europe Mood Support Supplements Market Outlook, By Country (2021-2030) ($MN)
50 Europe Mood Support Supplements Market Outlook, By Type (2021-2030) ($MN)
51 Europe Mood Support Supplements Market Outlook, By Vitamin D (2021-2030) ($MN)
52 Europe Mood Support Supplements Market Outlook, By S-Adenosyl-L-Methionine (2021-2030) ($MN)
53 Europe Mood Support Supplements Market Outlook, By Omega-3s (2021-2030) ($MN)
54 Europe Mood Support Supplements Market Outlook, By Vitamin B (2021-2030) ($MN)
55 Europe Mood Support Supplements Market Outlook, By Ashwagandha (2021-2030) ($MN)
56 Europe Mood Support Supplements Market Outlook, By Magnesium (2021-2030) ($MN)
57 Europe Mood Support Supplements Market Outlook, By Other Types (2021-2030) ($MN)
58 Europe Mood Support Supplements Market Outlook, By Form (2021-2030) ($MN)
59 Europe Mood Support Supplements Market Outlook, By Powder (2021-2030) ($MN)
60 Europe Mood Support Supplements Market Outlook, By Capsules (2021-2030) ($MN)
61 Europe Mood Support Supplements Market Outlook, By Oils (2021-2030) ($MN)
62 Europe Mood Support Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
63 Europe Mood Support Supplements Market Outlook, By Pharmacy Stores (2021-2030) ($MN)
64 Europe Mood Support Supplements Market Outlook, By Online Sales (2021-2030) ($MN)
65 Europe Mood Support Supplements Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
66 Europe Mood Support Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
67 Europe Mood Support Supplements Market Outlook, By Application (2021-2030) ($MN)
68 Europe Mood Support Supplements Market Outlook, By Anxiety Reduction (2021-2030) ($MN)
69 Europe Mood Support Supplements Market Outlook, By Mood Enhancement (2021-2030) ($MN)
70 Europe Mood Support Supplements Market Outlook, By Sleep Support (2021-2030) ($MN)
71 Europe Mood Support Supplements Market Outlook, By Cognitive Function (2021-2030) ($MN)
72 Europe Mood Support Supplements Market Outlook, By Other Applications (2021-2030) ($MN)
73 Asia Pacific Mood Support Supplements Market Outlook, By Country (2021-2030) ($MN)
74 Asia Pacific Mood Support Supplements Market Outlook, By Type (2021-2030) ($MN)
75 Asia Pacific Mood Support Supplements Market Outlook, By Vitamin D (2021-2030) ($MN)
76 Asia Pacific Mood Support Supplements Market Outlook, By S-Adenosyl-L-Methionine (2021-2030) ($MN)
77 Asia Pacific Mood Support Supplements Market Outlook, By Omega-3s (2021-2030) ($MN)
78 Asia Pacific Mood Support Supplements Market Outlook, By Vitamin B (2021-2030) ($MN)
79 Asia Pacific Mood Support Supplements Market Outlook, By Ashwagandha (2021-2030) ($MN)
80 Asia Pacific Mood Support Supplements Market Outlook, By Magnesium (2021-2030) ($MN)
81 Asia Pacific Mood Support Supplements Market Outlook, By Other Types (2021-2030) ($MN)
82 Asia Pacific Mood Support Supplements Market Outlook, By Form (2021-2030) ($MN)
83 Asia Pacific Mood Support Supplements Market Outlook, By Powder (2021-2030) ($MN)
84 Asia Pacific Mood Support Supplements Market Outlook, By Capsules (2021-2030) ($MN)
85 Asia Pacific Mood Support Supplements Market Outlook, By Oils (2021-2030) ($MN)
86 Asia Pacific Mood Support Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
87 Asia Pacific Mood Support Supplements Market Outlook, By Pharmacy Stores (2021-2030) ($MN)
88 Asia Pacific Mood Support Supplements Market Outlook, By Online Sales (2021-2030) ($MN)
89 Asia Pacific Mood Support Supplements Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
90 Asia Pacific Mood Support Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
91 Asia Pacific Mood Support Supplements Market Outlook, By Application (2021-2030) ($MN)
92 Asia Pacific Mood Support Supplements Market Outlook, By Anxiety Reduction (2021-2030) ($MN)
93 Asia Pacific Mood Support Supplements Market Outlook, By Mood Enhancement (2021-2030) ($MN)
94 Asia Pacific Mood Support Supplements Market Outlook, By Sleep Support (2021-2030) ($MN)
95 Asia Pacific Mood Support Supplements Market Outlook, By Cognitive Function (2021-2030) ($MN)
96 Asia Pacific Mood Support Supplements Market Outlook, By Other Applications (2021-2030) ($MN)
97 South America Mood Support Supplements Market Outlook, By Country (2021-2030) ($MN)
98 South America Mood Support Supplements Market Outlook, By Type (2021-2030) ($MN)
99 South America Mood Support Supplements Market Outlook, By Vitamin D (2021-2030) ($MN)
100 South America Mood Support Supplements Market Outlook, By S-Adenosyl-L-Methionine (2021-2030) ($MN)
101 South America Mood Support Supplements Market Outlook, By Omega-3s (2021-2030) ($MN)
102 South America Mood Support Supplements Market Outlook, By Vitamin B (2021-2030) ($MN)
103 South America Mood Support Supplements Market Outlook, By Ashwagandha (2021-2030) ($MN)
104 South America Mood Support Supplements Market Outlook, By Magnesium (2021-2030) ($MN)
105 South America Mood Support Supplements Market Outlook, By Other Types (2021-2030) ($MN)
106 South America Mood Support Supplements Market Outlook, By Form (2021-2030) ($MN)
107 South America Mood Support Supplements Market Outlook, By Powder (2021-2030) ($MN)
108 South America Mood Support Supplements Market Outlook, By Capsules (2021-2030) ($MN)
109 South America Mood Support Supplements Market Outlook, By Oils (2021-2030) ($MN)
110 South America Mood Support Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
111 South America Mood Support Supplements Market Outlook, By Pharmacy Stores (2021-2030) ($MN)
112 South America Mood Support Supplements Market Outlook, By Online Sales (2021-2030) ($MN)
113 South America Mood Support Supplements Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
114 South America Mood Support Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
115 South America Mood Support Supplements Market Outlook, By Application (2021-2030) ($MN)
116 South America Mood Support Supplements Market Outlook, By Anxiety Reduction (2021-2030) ($MN)
117 South America Mood Support Supplements Market Outlook, By Mood Enhancement (2021-2030) ($MN)
118 South America Mood Support Supplements Market Outlook, By Sleep Support (2021-2030) ($MN)
119 South America Mood Support Supplements Market Outlook, By Cognitive Function (2021-2030) ($MN)
120 South America Mood Support Supplements Market Outlook, By Other Applications (2021-2030) ($MN)
121 Middle East & Africa Mood Support Supplements Market Outlook, By Country (2021-2030) ($MN)
122 Middle East & Africa Mood Support Supplements Market Outlook, By Type (2021-2030) ($MN)
123 Middle East & Africa Mood Support Supplements Market Outlook, By Vitamin D (2021-2030) ($MN)
124 Middle East & Africa Mood Support Supplements Market Outlook, By S-Adenosyl-L-Methionine (2021-2030) ($MN)
125 Middle East & Africa Mood Support Supplements Market Outlook, By Omega-3s (2021-2030) ($MN)
126 Middle East & Africa Mood Support Supplements Market Outlook, By Vitamin B (2021-2030) ($MN)
127 Middle East & Africa Mood Support Supplements Market Outlook, By Ashwagandha (2021-2030) ($MN)
128 Middle East & Africa Mood Support Supplements Market Outlook, By Magnesium (2021-2030) ($MN)
129 Middle East & Africa Mood Support Supplements Market Outlook, By Other Types (2021-2030) ($MN)
130 Middle East & Africa Mood Support Supplements Market Outlook, By Form (2021-2030) ($MN)
131 Middle East & Africa Mood Support Supplements Market Outlook, By Powder (2021-2030) ($MN)
132 Middle East & Africa Mood Support Supplements Market Outlook, By Capsules (2021-2030) ($MN)
133 Middle East & Africa Mood Support Supplements Market Outlook, By Oils (2021-2030) ($MN)
134 Middle East & Africa Mood Support Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
135 Middle East & Africa Mood Support Supplements Market Outlook, By Pharmacy Stores (2021-2030) ($MN)
136 Middle East & Africa Mood Support Supplements Market Outlook, By Online Sales (2021-2030) ($MN)
137 Middle East & Africa Mood Support Supplements Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
138 Middle East & Africa Mood Support Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
139 Middle East & Africa Mood Support Supplements Market Outlook, By Application (2021-2030) ($MN)
140 Middle East & Africa Mood Support Supplements Market Outlook, By Anxiety Reduction (2021-2030) ($MN)
141 Middle East & Africa Mood Support Supplements Market Outlook, By Mood Enhancement (2021-2030) ($MN)
142 Middle East & Africa Mood Support Supplements Market Outlook, By Sleep Support (2021-2030) ($MN)
143 Middle East & Africa Mood Support Supplements Market Outlook, By Cognitive Function (2021-2030) ($MN)
144 Middle East & Africa Mood Support Supplements Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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