February 21, 2024
Pregnenolone Supplements Market

Pregnenolone Supplements Market Propelled By Rise In Health Consciousness

Pregnenolone supplements are a type of dietary supplements made from the steroidal hormone pregnenolone. Pregnenolone supplements are commonly used to boost energy levels, improve mood, memory, sex drive and overall well-being. They help in reducing arthritis pain, insomnia, PMS and menopause symptoms. Being a precursor to other vital hormones like progesterone, cortisol, DHEA and estrogen, pregnenolone helps promote healthy aging. The global Pregnenolone Supplements Market is estimated to be valued at US$ 626.81 Bn in 2023 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:

The rise in health consciousness among people has been a major driver for the pregnenolone supplements market. As more individuals are focusing on preventive healthcare and longevity, they are actively seeking supplements to support their needs. Pregnenolone supplements are popular among middle-aged and older adults for improving brain and hormonal health. The supplement is believed to boost cognitive functions like memory, learning and focus. With growing awareness about its anti-aging properties, the demand for pregnenolone supplements is slated to increase substantially over the forecast period. Manufacturers are also innovating new delivery formats like gummies and pills for increased consumer appeal.

SWOT Analysis

Strength: Pregnenolone supplements support hormonal balance and aid various health conditions like depression, arthritis, adrenal fatigue, etc. It also promotes overall well-being.

Weakness: Long term safety of pregnenolone supplements is still being researched. Side effects like acne, anxiety, insomnia can occur with high dosages.

Opportunity: Growing elderly population suffering from age-related health issues and hormonal decline present an opportunity. Increasing consumer awareness about nutrition supplements is also an opportunity.

Threats: Stringent regulations can slow the growth of this market. Alternative treatment options and herbal supplements pose competition.

Key Takeaways

The global Pregnenolone Supplements Market Growth  is expected to witness high growth at a CAGR of 19% during the forecast period of 2024 to 2031. The estimated market size for 2024 is US$ 626.81 Bn.

Regional analysis:

North America currently dominates the market due to growing consumer awareness and easy availability of Pregnenolone supplements. Asia Pacific is expected to grow at the fastest rate during the forecast period due to rising geriatric population, increasing discretionary incomes and western influence.

Key players:

Key players operating in the Pregnenolone Supplements market 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. These players are focusing on new product launches, partnerships and expanding to emerging markets to increase their market share.

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