Mental Wellness Market Size, Share, and Growth Outlook to 2030

The mental wellness market has garnered $131.6 billion revenue, and it is projected to generate $226.1 billion in 2030, advancing at a rate of 6.2% from 2021 to 2030. Brain-boosting nutraceuticals & botanicals are significant revenue contributors to the mental wellness industry. Their contribution is projected to reach $59.2 billion in 2030, rising at a rate of 6%.

Natural herbals, botanicals, supplements, functional foods, and drinks developed with the specific objective of improving mental health and wellness are emerging in the industry. They come with claims to enhance the sleep cycle, brain health, memory, as well as vitality.

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Under the disorder segment, depression captures the largest share, of around 27%. It is credited to the increasing cases of depression, suicide, and anxiety, which has resulted in the growing concerns over mental health worldwide.

Moreover, depression is a widespread mental disorder, with 5% of the adult population suffering from it globally. It is identified as persistent sadness and lost interest in pleasure and rewarding activities. It can impact the appetite and sleep, thereby giving rise to the common symptoms of tiredness and poor concentration.

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The senses, spaces, & sleep category contributes extensive revenue to the industry, and it will advance at a rate of 6.5% in the future. It includes products, services, and designs that improve the senses and mind-body link, along with the awareness of the larger impact of environmental stimuli on stress, mood, and sleep of a person.

Numerous products, such as smart beds, trackers, sleep accessories, sleep retreats, sleep applications, and nap cafes, are utilized for inducing sound sleep, optimally functioning senses, and relaxed mood.

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