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Rhodiola Rosea Supplements Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 250 Pages
  • July 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5943028
The publisher has recently unveiled a comprehensive analysis of the Rhodiola Rosea Supplements market, highlighting significant growth prospects over the coming decade. As mental health awareness rises globally, the demand for natural supplements like Rhodiola Rosea, known for its adaptogenic properties, is expected to witness substantial growth. The market is projected to grow from a value of $17.424 million in 2024 to $33.428 million by 2031, representing a robust compound annual growth rate (CAGR) of 9.80%.

Mental Health Crisis Driving Supplement Demand

The prevalence of mental health disorders, particularly depression and anxiety, is escalating worldwide. According to the World Health Organization, millions of adults suffer from depression, which has become a leading cause of disability globally. The rise in mental disorders can be attributed to several factors, including genetic predisposition, traumatic experiences, and the intricate interrelation between physical and mental health. Notably, illnesses such as cancer can lead to depression, further exacerbating the mental health crisis. Additionally, the COVID-19 pandemic has significantly impacted mental health, increasing the prevalence of anxiety, depression, and stress-related disorders, thereby driving the demand for effective mental health supplements.

Adaptogenic Properties of Rhodiola Rosea

Rhodiola Rosea is classified as an adaptogen, a natural substance that helps the body resist stress. Extensive research indicates that it stimulates serotonin and dopamine activity in the brain, which are crucial for promoting healthy emotional and neurological functioning. Besides its mental health benefits, Rhodiola Rosea is known to enhance physical endurance, making it popular among athletes and individuals seeking to improve their physical performance. It also helps prevent high-altitude sickness, regulate blood pressure, and protect the liver from damage, showcasing its wide range of health benefits. These attributes have made Rhodiola Rosea a popular choice among consumers seeking natural supplements to improve their overall well-being and manage stress effectively.

Market Expansion Due to Rising Health Consciousness

The market for Rhodiola Rosea Supplements is expected to expand as consumers become more aware of the importance of mental health. The growing health consciousness, coupled with an increased preference for natural supplements over synthetic medications, is a key driver of market growth. Consumers are increasingly seeking natural remedies that offer holistic benefits without the adverse side effects associated with conventional medications. This trend is further bolstered by the rising interest in preventive healthcare and wellness, as more individuals proactively seek to maintain their mental and physical health through natural means.

Regional Insights: Europe and the United States

Europe held a significant market share in recent years and is projected to experience robust growth over the forecast period. Several factors contribute to this growth, including the high prevalence of chronic depression and the substantial impact of depression on chronic sick leaves. European consumers are increasingly turning to natural supplements like Rhodiola Rosea due to the adverse side effects of conventional medications. Additionally, the region's strong regulatory framework supporting natural and herbal supplements, along with increasing investments in mental health initiatives, is expected to fuel market growth.

In the United States, depression is a prevalent mental disorder, with a significant portion of the population experiencing at least one episode of depression annually. The surge in depression cases over the past decade can be attributed to growing feelings of helplessness, economic distress, and the social isolation experienced during the COVID-19 pandemic. The pandemic has further exacerbated the mental health crisis, leading to a heightened awareness of mental health issues and a growing demand for effective, natural solutions. With increased government spending on mental health programs and a preference for natural supplements over conventional medicines, the U.S. market for Rhodiola Rosea Supplements is anticipated to expand significantly during the forecast period. Furthermore, the influence of social media and the growing endorsement of natural supplements by health influencers and celebrities are expected to drive market growth.

Future Prospects and Strategic Developments

As the Rhodiola Rosea Supplements market continues to grow, several strategic developments are expected to shape its future Analysis. Companies in the market are likely to invest in research and development to innovate and introduce new product formulations that enhance the efficacy and appeal of Rhodiola Rosea supplements. Partnerships and collaborations with healthcare professionals and mental health organizations are anticipated to increase, aiming to promote awareness and credibility of Rhodiola Rosea's benefits. Additionally, marketing strategies focusing on educating consumers about the scientifically-backed benefits of Rhodiola Rosea and its role in mental health and wellness are expected to drive market penetration and consumer adoption.

Key Market Players:

  • NutraChamps
  • Now Foods
  • Nature's Way
  • Gaia Herbs
  • BulkSupplements
  • Jarrow Formulas
  • Absorb Health
  • Thorne
  • Perfect Supplements
  • Pure Encapsulations
  • Micro Ingredients

Market Segmentation

By Form:

  • Capsule
  • Powder

By Sales Channels:

  • Online Sales
  • Retail Sales

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa


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Table of Contents

1. Executive Summary
1.1. Global Rhodiola Rosea Supplements Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Rhodiola Rosea Supplements Market Outlook, 2019-2031
3.1. Global Rhodiola Rosea Supplements Market Outlook, by Form, Value (US$ Bn), 2019-2031
3.1.1. Key Highlights
3.1.1.1. Capsule
3.1.1.2. Powder
3.2. Global Rhodiola Rosea Supplements Market Outlook, by Sales Channels, Value (US$ Bn), 2019-2031
3.2.1. Key Highlights
3.2.1.1. Online Sales
3.2.1.2. Retail Sales
3.3. Global Rhodiola Rosea Supplements Market Outlook, by Region, Value (US$ Bn), 2019-2031
3.3.1. Key Highlights
3.3.1.1. North America
3.3.1.2. Europe
3.3.1.3. Asia Pacific
3.3.1.4. Latin America
3.3.1.5. Middle East & Africa
4. North America Rhodiola Rosea Supplements Market Outlook, 2019-2031
4.1. North America Rhodiola Rosea Supplements Market Outlook, by Form, Value (US$ Bn), 2019-2031
4.1.1. Key Highlights
4.1.1.1. Capsule
4.1.1.2. Powder
4.2. North America Rhodiola Rosea Supplements Market Outlook, by Sales Channels, Value (US$ Bn), 2019-2031
4.2.1. Key Highlights
4.2.1.1. Online Sales
4.2.1.2. Retail Sales
4.3. North America Rhodiola Rosea Supplements Market Outlook, by Country, Value (US$ Bn), 2019-2031
4.3.1. Key Highlights
4.3.1.1. U.S. Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
4.3.1.2. U.S. Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
4.3.1.3. Canada Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
4.3.1.4. Canada Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
4.3.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Rhodiola Rosea Supplements Market Outlook, 2019-2031
5.1. Europe Rhodiola Rosea Supplements Market Outlook, by Form, Value (US$ Bn), 2019-2031
5.1.1. Key Highlights
5.1.1.1. Capsule
5.1.1.2. Powder
5.2. Europe Rhodiola Rosea Supplements Market Outlook, by Sales Channels, Value (US$ Bn), 2019-2031
5.2.1. Key Highlights
5.2.1.1. Online Sales
5.2.1.2. Retail Sales
5.3. Europe Rhodiola Rosea Supplements Market Outlook, by Country, Value (US$ Bn), 2019-2031
5.3.1. Key Highlights
5.3.1.1. Germany Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
5.3.1.2. Germany Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
5.3.1.3. U.K. Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
5.3.1.4. U.K. Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
5.3.1.5. France Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
5.3.1.6. France Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
5.3.1.7. Italy Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
5.3.1.8. Italy Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
5.3.1.9. Turkey Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
5.3.1.10. Turkey Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
5.3.1.11. Russia Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
5.3.1.12. Russia Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
5.3.1.13. Rest of Europe Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
5.3.1.14. Rest of Europe Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
6. Asia Pacific Rhodiola Rosea Supplements Market Outlook, 2019-2031
6.1. Asia Pacific Rhodiola Rosea Supplements Market Outlook, by Form, Value (US$ Bn), 2019-2031
6.1.1. Key Highlights
6.1.1.1. Capsule
6.1.1.2. Powder
6.2. Asia Pacific Rhodiola Rosea Supplements Market Outlook, by Sales Channels, Value (US$ Bn), 2019-2031
6.2.1. Key Highlights
6.2.1.1. Online Sales
6.2.1.2. Retail Sales
6.3. Asia Pacific Rhodiola Rosea Supplements Market Outlook, by Country, Value (US$ Bn), 2019-2031
6.3.1. Key Highlights
6.3.1.1. China Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
6.3.1.2. China Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
6.3.1.3. Japan Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
6.3.1.4. Japan Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
6.3.1.5. South Korea Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
6.3.1.6. South Korea Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
6.3.1.7. India Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
6.3.1.8. India Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
6.3.1.9. Southeast Asia Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
6.3.1.10. Southeast Asia Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
6.3.1.11. Rest of Asia Pacific Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
6.3.1.12. Rest of Asia Pacific Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
7. Latin America Rhodiola Rosea Supplements Market Outlook, 2019-2031
7.1. Latin America Rhodiola Rosea Supplements Market Outlook, by Form, Value (US$ Bn), 2019-2031
7.1.1. Key Highlights
7.1.1.1. Capsule
7.1.1.2. Powder
7.2. Latin America Rhodiola Rosea Supplements Market Outlook, by Sales Channels, Value (US$ Bn), 2019-2031
7.2.1. Key Highlights
7.2.1.1. Online Sales
7.2.1.2. Retail Sales
7.3. Latin America Rhodiola Rosea Supplements Market Outlook, by Country, Value (US$ Bn), 2019-2031
7.3.1. Key Highlights
7.3.1.1. Brazil Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
7.3.1.2. Brazil Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
7.3.1.3. Mexico Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
7.3.1.4. Mexico Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
7.3.1.5. Argentina Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
7.3.1.6. Argentina Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
7.3.1.7. Rest of Latin America Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
7.3.1.8. Rest of Latin America Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
8. Middle East & Africa Rhodiola Rosea Supplements Market Outlook, 2019-2031
8.1. Middle East & Africa Rhodiola Rosea Supplements Market Outlook, by Form, Value (US$ Bn), 2019-2031
8.1.1. Key Highlights
8.1.1.1. Capsule
8.1.1.2. Powder
8.2. Middle East & Africa Rhodiola Rosea Supplements Market Outlook, by Sales Channels, Value (US$ Bn), 2019-2031
8.2.1. Key Highlights
8.2.1.1. Online Sales
8.2.1.2. Retail Sales
8.3. Middle East & Africa Rhodiola Rosea Supplements Market Outlook, by Country, Value (US$ Bn), 2019-2031
8.3.1. Key Highlights
8.3.1.1. GCC Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
8.3.1.2. GCC Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
8.3.1.3. South Africa Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
8.3.1.4. South Africa Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
8.3.1.5. Egypt Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
8.3.1.6. Egypt Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
8.3.1.7. Nigeria Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
8.3.1.8. Nigeria Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
8.3.1.9. Rest of Middle East & Africa Rhodiola Rosea Supplements Market by Form, Value (US$ Bn), 2019-2031
8.3.1.10. Rest of Middle East & Africa Rhodiola Rosea Supplements Market by Sales Channels, Value (US$ Bn), 2019-2031
9. Competitive Landscape
9.1. Manufacturer vs by Sales Channels Heatmap
9.2. Company Market Share Analysis, 2024
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. NutraChamps
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Now Foods
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. Nature's Way
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. Gaia Herbs
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. BulkSupplements
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. Jarrow Formulas
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. Absorb Health
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Thorne
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. Perfect Supplements
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. Pure Encapsulations
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
9.4.11. Micro Ingredients
9.4.11.1. Company Overview
9.4.11.2. Product Portfolio
9.4.11.3. Financial Overview
9.4.11.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

  • NutraChamps
  • Now Foods
  • Nature's Way
  • Gaia Herbs
  • BulkSupplements
  • Jarrow Formulas
  • Absorb Health
  • Thorne
  • Perfect Supplements
  • Pure Encapsulations
  • Micro Ingredients

Methodology

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