July 14, 2024

Rising Awareness About Benefits of Pregnenolone to Drive Growth of Pregnenolone Supplements Market

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 mainly derived from wild yam or soy and are considered alternative to conventional hormone replacement therapies. Pregnenolone is a precursor hormone to all other steroid hormones including estrogen, progesterone, cortisol, testosterone and DHEA. It helps in reducing stress, balancing mood and boosting energy levels. Pregnenolone also supports memory function and brain health. These supplements are available in forms of capsules, soft-gels and powders and provide benefits like alleviating anxiety and depression, enhancing libido and preventing bone loss. Increasing geriatric population suffering from age-related cognitive decline and menopausal symptoms is driving the demand for pregnenolone supplements globally.

Market key trends:
One of the key trends in pregnenolone supplements market is growing adoption of natural remedies over pharmaceutical drugs. With rising cases of side-effects from prolonged usage of allopathic medicines, consumers are preferring herbal and plant-based supplements for hormonal balance and well-being. Another major trend is increasing popularity of online sales channels. Ease of purchasing from e-commerce platforms and availability of product information online is fueling the online retail of pregnenolone supplements worldwide. Manufacturers are also focusing on formulation development using micellar casein to improve nutrient absorption and effectiveness of these supplements.

Porter’s Analysis

Threat of new entrants: The pregnenolone supplements market has moderate barriers to entry due to high capital investments required for R&D and manufacturing facilities.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. However, buyer loyalty increases bargaining power of key players.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute ingredients. Suppliers depend on key players for majority of revenues.

Threat of new substitutes: Threat from new substitutes is low as pregnenolone offers unique health benefits not provided by other similar supplements.

Competitive rivalry: The pregnenolone supplements market is moderately competitive with key players focusing on product innovation and quality to gain market share.

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 consumer awareness about mental health benefits of pregnenolone.

North America accounts for the largest share in the pregnenolone supplements market, owing to rising geriatric population suffering from mental health issues in the region. The Asia Pacific region is expected to exhibit the fastest growth, spurred by growing millennial population focusing on cognitive health support in China and India.

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. Life Extension, Pure Encapsulations, and NOW Foods hold majority market share, focusing on new product launches catering to mental health demands.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it