The Global Telecommunication Industry is estimated to be valued at US$ 3.8 Mn in 2023 and is expected to exhibit a CAGR of 6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The Global Pregnenolone Supplements Market is estimated to be valued at US$ 544.1 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Pregnenolone supplements are used as a supplement to boost energy levels, increase libido, support adrenal and cognitive functions. These supplements help maintain optimal brain, hormone and neurological functions.
Market key trends:
The growing shift towards preventive healthcare is driving the pregnenolone supplements market. Pregnenolone is a precursor to other hormones like progesterone, estrogen, testosterone and cortisol. Supplementing with pregnenolone helps support glandular and hormonal balance as one ages. As the levels of pregnenolone decline with age, supplements help boost energy levels and counter the effects of stress. The popularity of natural and herbal supplements is also propelling market growth.
Segment Analysis:
One of the key trends in the pregnenolone supplements market is the rising awareness about its benefits. Pregnenolone is a steroid hormone produced in the body that acts as a precursor for other important hormones like progesterone, estrogen, cortisol, and testosterone. Supplementing with pregnenolone can provide various benefits such as improved mood, reduced stress and anxiety, enhanced memory and focus, more restful sleep, and boosted energy levels and metabolism. With more research highlighting its health advantages, consumers are increasingly incorporating pregnenolone supplements in their daily diet.
SWOT Analysis
Strengths: Supports production of important hormones in the body. Provides wide-ranging health benefits such as improved mood, reduced stress, enhanced cognition etc.
Weaknesses: Requires prescription for highest quality supplements. Side effects at high doses include acne, irritability, hair loss etc.
Opportunities: Growing geriatric population who can benefit from its memory and brain health effects. Increasing consumer preference for natural supplements.
Threats: Presence of substitute supplements for specific conditions. Stringent regulations for supplements sold as drugs.
Key Takeaways
The Global Pregnenolone Supplements Market is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing health awareness among consumers. The North America region currently dominates the market due to rapid adoption of supplements.
Regional analysis:
The North America region holds the major share in the pregnenolone supplements market owing to growing health consciousness and spending on supplements in the US and Canada. Availability of various supplement forms and widespread product promotion activities by key players also supports the growth of this regional market. The Asia Pacific region is projected to witness the fastest growth during the forecast period with rising incomes and shifting focus to preventive healthcare in countries like India and China.
Key players:
Key players operating in the pregnenolone supplements market are Life Extension, Pure Encapsulations, Nutricost, BulkSupplements.com, Swanson Health Products, Douglas Laboratories, Thorne Research, NOW Foods, Seeking Health, Jarrow Formulas, Source Naturals, Vital Nutrients, Integrative Therapeutics, BioMatrix, Designs for Health.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
