February 25, 2024
Pregnenolone Supplements Market

Pregnneolone Supplements Market Are Driven By Rising Health Awareness

Pregnenolone supplements are supplements that are derived from a hormone called pregnenolone, which is produced by the human body and adrenal glands. Pregnenolone is known to have positive effects on mood, memory, stress levels and libido. Some key benefits of pregnenolone supplements include boosting energy levels, improving brain functions like memory and learning capabilities, reducing stress and anxiety, enhancing libido and sexual performance. It is also known to help reduce inflammation and enhance skin health and bone density. With people becoming increasingly health conscious and seeking natural ways to improve overall wellness, the demand for pregnenolone supplements is on the rise. The global pregnenolone supplements market is estimated to be valued at US$ 626.81 Bn in 2024 and is expected to exhibit a CAGR of 19.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key Trends:

One of the major trends in the pregnenolone supplements market is the growing demand for natural supplements with no side effects. Consumers are increasingly preferring supplements derived from natural sources over synthetic supplements due to safety concerns. This is boosting the demand for natural pregnenolone supplements across the globe. Another key trend is the increasing popularity of online channels for purchasing supplements. Many pregnenolone supplement manufacturers are promoting and selling their products online to increase their customer reach. E-commerce platforms offer convenience of shopping from home along with lucrative deals and discounts which is attracting more customers. New product launches catering to specific health needs is another trend. For instance, pregnenolone supplements targeted for improving memory, reducing stress, enhancing libido etc. are witnessing high demand.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate in the Pregnenolone Supplements Market. Considerable capital investment is required to manufacture pregnenolone supplements. Also, established brands have strong brand recognition and distribution networks.

Bargaining power of buyers: The bargaining power of buyers is high in this market. Buyers have a large number of options and can easily switch between brands based on price and quality.

Bargaining power of suppliers: The bargaining power of suppliers is moderate. Few suppliers manufacture raw materials required for pregnenolone supplements. However, cost of switching suppliers is low.

Threat of new substitutes: Threat of substitutes is high. Alternatives like DHEA supplements provide similar health benefits as pregnenolone supplements.

Competitive rivalry: The competitive rivalry is high due to presence of large number of established brands. Companies compete on the basis of product quality, brand, and pricing.

Key Takeaways

The global Pregnenolone Supplements Market Growth is expected to witness high growth over the forecast period owing to increased demand for anti-aging supplements. North America holds the largest share of the market currently due to rising health consciousness. The key pharmaceutical companies operating in the region are investing heavily in research and development activities to develop innovative products.

Regional analysis:

Europe is projected to grow at the fastest pace during the forecast period. Increasing demand for natural supplements to enhance memory and treat depression is driving the European market. Governments in the EU nations are also supporting sports nutrition sector that in turn supports the pregnenolone supplements market.

Key players:

Key players operating in the Pregnenolone Supplements are Thermo Fisher Scientific Inc., Agilent Technologies, Inc, bioMérieux SA, F. Hoffmann-La Roche Ltd , QIAGEN, Illumina, Inc., Oxford Nanopore Technologies plc., BGI, PerkinElmer Genomics, and Pierian. Thermo Fisher Scientific Inc. and F. Hoffmann-La Roche Ltd are the largest players dominating the market with wide distribution networks globally.

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