GITNUX MARKETDATA REPORT 2024

Sleep Supplement Industry Statistics

The sleep supplement industry is experiencing rapid growth and is projected to reach a market value of over $2 billion by 2024.

Statistic 1

"The global market size for sleep aids has a projected value of $76.7 billion from 2021-2025."

Sources Icon

Statistic 2

"The average per capita revenue in the sleep aids market currently stands at $10.32."

Sources Icon

Statistic 3

"The growth rate of the market is anticipated to be 4.7% annually until 2025."

Sources Icon

Statistic 4

"Melatonin held the largest market share in 2019, accounting for over 40% of the total revenue."

Sources Icon

Statistic 5

"Sleep aids are expected to exhibit a CAGR of 5.5% from 2020 to 2027."

Sources Icon

Statistic 6

"North America had the largest market share in 2019, accounting for 39.2% of the global revenue."

Sources Icon

Statistic 7

"Around 83% of adults in the United States claim supplements help them get a good night’s sleep."

Sources Icon

Statistic 8

"Online sales channel is projected to witness the fastest growth rate of 8.4% from 2020 to 2027."

Sources Icon

Statistic 9

"Over 40% of Americans report problems with sleep."

Sources Icon

Statistic 10

"Sleep supplements market in Asia Pacific is expected to witness the fastest growth over the forecast period."

Sources Icon

Statistic 11

"The holistic institutes segment led the global sleep supplements market with a revenue share of over 35.0% in 2019."

Sources Icon

Statistic 12

"Magnesium supplements are widely used as sleep aids, with over a third of adults reporting use."

Sources Icon

Statistic 13

"Nearly 35% of adults do not get enough sleep (7 hours per day), driving the demand for sleep aids."

Sources Icon

Statistic 14

"In 2019, more than 9 million American adults used prescription sleep aids."

Sources Icon

Statistic 15

"Over-the-counter sleep aid use raises by about 31% in adults over the age of 60."

Sources Icon

Statistic 16

"About 4% of U.S adults aged 20 and over used prescription sleep aids in the past month."

Sources Icon

Statistic 17

"The largest segment in the sleep aid market is over the counter sleep aids with a market volume of $13,520 million in 2021."

Sources Icon

Statistic 18

"The market size of Melatonin, a major sleep supplement, in the United States is estimated to surpass USD 1.5 billion by 2025."

Sources Icon

Statistic 19

"50% of individuals with chronic conditions and who are 65 years and older have reported sleep problems."

Sources Icon

Statistic 20

"The most important segment of the global sleep aids market is expected to be sleep laboratories, with a market volume of $1,177 million in 2021."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!