How Will The PMS And Menstrual Health Supplements Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s PMS and menstrual health supplements market report forecasts the PMS and menstrual health supplements market size to grow to $31.17 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.
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PMS And Menstrual Health Supplements Market Size Forecast
The global PMS and menstrual health supplements market is expected to grow from $22.98 billion in 2022 to $24.47 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global PMS and menstrual health supplements market size is expected to reach $31.17 billion in 2027 at a CAGR of 6.2%.
Asia-Pacific held the largest PMS and menstrual health supplements market share, and Middle East & Africa was the fastest-growing region in 2022.
Key PMS And Menstrual Health Supplements Market Driver – Increase In Demand For Menstrual Hygiene Products
According to Plastic Oceans International, a US-based non-profit striving to end plastic pollution, almost 45 billion menstruation items are used globally each year, with a pad user using an additional 4,125 plastic bags on average over their lifetime, in February 2021. As a result, rising demand for menstrual hygiene products is propelling the PMS and menstrual health supplement industries forward.
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Key PMS And Menstrual Health Supplements Market Trend – Product Innovations
To maintain their market position, major players in the PMS and menstrual health supplement markets are producing unique products. For example, AbbVie Inc., a pharmaceutical firm based in the United States, will launch the ‘ORIAHNN’ in May 2020. It is the FDA’s first non-surgical, oral drug option for premenopausal women having heavy monthly bleeding caused by uterine fibroids. ORIAHNN accomplished its primary goal, with seven out of ten women no longer having excessive menstrual bleeding, compared to one out of ten on placebo (P 0.001 for both). Within the first month of treatment, it also cuts heavy menstrual bleeding caused by uterine fibroids in half.
PMS And Menstrual Health Supplements Market Segment
1) By Products: Combined Nutritional Supplements, Single Nutritional Supplements
2) By Formulation: Softgels, Capsules/Tablets, Powder, Others Types
3) By Consumer Group: Perimenopause, Premenstrual Syndrome (PMS)
4) By Sales Channel: Direct Sales Channel, Online Sales Channel, Pharmacies/Drug Stores, Other Offline Channels
PMS And Menstrual Health Supplements Market Major Players and Strategies
Major players in the PMS and menstrual health supplements market are Herbalife International of America Inc., Pharmavite LLC, Nature’s Bounty, Amway Corp., GNC Holdings LLC., Usana Health Sciences Inc., GlaxoSmithKline plc, Metp Pharma AG, Rbk Nutraceuticals Pty Ltd., The Archer-Daniels-Midland Company, Power Gummies, Looni, DM Pharma Marketing Pvt Ltd., SMP Nutra, and Grace & Green.
Kimberly-Clark Corporation, a US-based manufacturer of sanitary paper products as well as surgical and medical tools, purchased a controlling ownership in Thinx, Inc. in February 2022 for an unknown sum. By making thin trousers a more mainstream solution for period and bladder leak needs, this acquisition broadens, diversifies and enhances Kimberly’s range. Thinx’s STANDARD 100 by OEKO-TEX® accreditation [20.HUS.04850 | HOHENSTEIN HTTI] allows us to produce the safest goods possible while exceeding global regulatory requirements. Thinx, Inc. is a feminine hygiene product manufacturer established in the United States.
The PMS And Menstrual Health Supplements Global Market Report 2023 covers regional data on PMS and menstrual health supplements market size, PMS and menstrual health supplements market trends and drivers, opportunities, strategies, and PMS and menstrual health supplements market competitor analysis. The countries covered in the PMS and menstrual health supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
PMS is a phrase used to describe a range of physical and psychological symptoms that women experience before to their menstrual cycle. These pills are intended to treat exhaustion as well as emotional problems like depression and irritability.
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