With supportive regional policies and government initiatives regarding the women's health is surging the demand
ROCKVILLE, MD / ACCESSWIRE / March 25, 2021 / Adoption of menopause wellness products to grow with the rising prevalence of women health issues and surging cases of female diseases such as oophorectomy and urinary incontinence across the globe, opines the latest Fact.MR study. The market experienced a moderate growth at 8.4% CAGR until 2020, however with the rising awareness among about women wellness is expected to generate triumvirate revenue by 2031.
According to the study by Fact.MR, the menopause wellness market is poised to grow at an impressive rate owing to the fast rise in the menopausal women population in the regions like North America and East Asia. Furthermore, advanced technology and product innovation & variants have prompted manufacturers to increase the production and generate triple digit billion dollar revenue.
The study evaluates that increasing number of female diseases are expected to boost the demand for supplements helping in hot flashes and mood swings are fostering menopause wellness product sales.
"Increasing awareness about women health and demand for multiple variants of supplements for menopause symptoms relief such as vegan and gluten-free has aided the production of menopause wellness products," says a Fact.MR analyst.
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Key Takeaways
- United States to be the largest consumer of menopause wellness product, followed by Germany
- Russia and United Kingdom to emerge as potential suppliers as well as consumers of menopause wellness products
- India and China expected to change the face for having the highest demand of menopause wellness market
- Black cohosh root extract to hold the major share
- Capsules to acquire 50% of major market share
Prominent Drivers
- Rising global woman population and female consumer awareness to propel the demand
- Increasing women health issues such as osteoporosis and polycystic ovary syndrome to foster the sales
- Increasing initiatives for products R&D to boost the demand
Key Restraints
- Persistent side effect from the menopause supplements such as weight gain and vaginal bleeding to curb the growth
- Incurring high cost and delay in approval from authorities to create a challenge for menopause wellness product manufacturers
Discover more about the menopause wellness market with 155 figures and 43 data tables, along with the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/menopause-wellness-market
Competitive Landscape
Amway, Dr. Formulas / One a Day, Dr. Tobias, Estroven, LifeSeasons, Natrol, Nature's Answer, Nature's Way, Now Foods, Organic India, Pure Essence, Solgar, and Source Natural are some of the key players profiled by Fact.MR. Leading players are excessively focusing on developed and underdeveloped regions to increase their footprints. Manufacturers are aiming to make the product available in emerging economies to generate new proceedings.
For instance, in April 2020, Ami Wellness Company launched an adaptogenic pain relief for women to heal and balance the body for a natural path to wellness by using organic and natural supplements.
Likewise, in September 2020, Cardiff-based female health pioneers announced the launch of UK's first fully integrated supplement range and a digital app to maintain and manage menopause symptoms. The supplements they launched are non-GMO, vegan and gluten-free combined with herbs and vitamins such as B12, zinc, and vitamin C, clinically proven to support the relief of certain symptoms.
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More Valuable Insights on Menopause wellness Market
In its latest study, Fact.MR sheds an in-depth insights on the global menopause wellness market. The study divulges essential insights on the menopause wellness market on the basis of product (black cohosh root extract, calcium supplements, DHEA supplement, dong quai extract, flaxseed/oil, ginseng, phytoestrogen supplements, multivitamins, St. John's Wort Supplements, vitamin D, and wild yam root extract), primary function (mood swing control/hormonal balance, hot flashes night sweat relieving, bone health, and libido support), form (caplets, capsules, liquid and tablets), sales channel (direct sales, supermarkets & hypermarkets, pharmacies & drugstores, wellness specialties, company online channels, third-party online channels and practitioner channels), and key regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA)).
Key Questions Covered in the Report
- Which region will remain the most lucrative for menopause wellness market?
- Which product is the most sought after?
- Which are the prominent market players operating in menopause wellness market?
- What are the restraints that would affect menopause wellness market?
- What will be the COVID-19 impact on menopause wellness market in the upcoming years?
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SOURCE: Fact.MR