Sleep Aids Sales Touched USD 2.2 Bn in 2016, Informs Euromonitor International in Its New Report Recently Added at MarketPublishers.com22 Aug 2017 • by Natalie Aster
LONDON – Sleep aids is recognised as one of the most rapidly growing categories in the overall consumer health market. The sleep aids sector witnessed healthy growth at a 4.4% CAGR during 2011-2016, and in 2016 sleep aids sales touched USD 2.2 billion. Sales in these sector are driven by constantly rising stress levels (especially across the developed countries) and expanding penetration and usage of various mobile devices, amid other factors.
Sales in the global sleep aids and stress management market are predicted to continue gaining traction at a 3.3% CAGR in the years ahead, to exceed the value of USD 2.5 billion by 2021.
Western Europe and North America rank the two biggest global markets for sleep aids and stress management products. Although sales remain at a high level in these regions, consumers in the Western European region give preference to natural sleep aids without chemical components, whilst consumers in the North American region commonly chose sleep aids containing pharmaceutical components.
New research report “Global Trends in Sleep Aids and Stress Management” worked out by Euromonitor International, Ltd. offers a 360-degree view of the worldwide market for sleep aids and stress management products. It includes reliable info on the market size, growth drivers and limiters, segmentation, shares, growth rates and dynamics, etc. The report sheds light on the recent changes in regulative framework and discusses their influence on the market dynamics, reviews the recent industry developments and product launches, features the prevailing market development trends and discusses the major demand driving factors. Moreover, this report covers the competitive landscape and profiles the prominent market participants, traces light on consumer attitudes towards sleep aids and stress management products and examines their personal needs. In addition, the topical study outlines possible future development trends and opportunities, and gives short-term forecasts for the sleep aids and stress management market.
Visit Euromonitor International page at MarketPublishers.com to get access to a full collection of the publisher’s research studies.