Understand How The PMS And Menstrual Health Supplements Market Is Poised To Grow Through 2024-2033
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
As per The Business Research Company’s PMS And Menstrual Health Supplements Global Market Report 2024, the PMS and menstrual health supplements market is expected to show significant growth in the forecast period.
The PMS and menstrual health supplements market has experienced robust growth in recent years. From $24.53 billion in 2023, it is poised to reach $26.23 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.9%. This expansion is attributed to various factors including heightened awareness of women’s health and changing lifestyles.
Projected Growth and Market Dynamics
- Continued Expansion: The market is anticipated to surge to $35.19 billion by 2028, boasting a CAGR of 7.6%.
- Drivers of Growth: Factors such as holistic health emphasis, adoption of herbal supplements, and e-commerce accessibility contribute to market expansion.
- Forecasted Trends: Trends like transparency in ingredients, collaborations with healthcare professionals, and social media influence are anticipated in the upcoming years.
Rising Demand For Menstrual Hygiene Products Drives Market Growth
The increasing demand for menstrual hygiene products is a significant driver for the growth of the PMS and menstrual health supplement markets.
- Menstrual Hygiene Products: These products, including pads, tampons, and menstrual cups, are essential for managing menstrual flow.
- Environmental Concerns: Environmental organizations highlight the massive usage of plastic in menstrual products, leading to heightened awareness and demand for eco-friendly alternatives.
- Market Players: Leading companies like Herbalife International of America Inc. and Pharmavite LLC are prominent players in this sector.
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Companies Introducing Innovative Products For Managing Heavy Menstrual Bleeding
Product innovation is a notable trend in the PMS and menstrual health supplement markets, driven by major industry players.
- Innovative Solutions: Companies are introducing groundbreaking products like ORIAHNN by AbbVie Inc., offering non-surgical options for managing heavy menstrual bleeding.
- Efficacy and Safety: Innovations like ORIAHNN offer effective solutions with significant reductions in menstrual bleeding while prioritizing safety.
- Strategic Acquisitions: Kimberly-Clark Corporation’s acquisition of Thinx Inc. signifies strategic moves to diversify menstrual health product portfolios.
Market Segmentation and Regional Insights
- Product Segmentation: The market is segmented by product type, formulation, consumer group, and sales channels, offering diverse options for consumers.
- Products: Combined Nutritional Supplements, Single Nutritional Supplements
- Formulation: Softgels, Capsules/Tablets, Powder, Others Types
- Consumer Group: Perimenopause, Premenstrual Syndrome (PMS)
- Sales Channel: Direct Sales, Online Sales, Pharmacies/Drug Stores, Other Offline Channels
- Regional Analysis: Asia-Pacific dominated the market in 2023, while Middle East & Africa are projected to witness the fastest growth during the forecast period.
Conclusion: Nurturing Women’s Health
The PMS and menstrual health supplements market exemplifies a burgeoning industry driven by innovation, environmental consciousness, and a growing emphasis on holistic health. As companies continue to introduce novel solutions and consumers prioritize wellness, the market is poised for sustained growth, empowering women’s health and well-being globally.
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