What is the size of the Global 5-HTP supplements market?

The Global 5-HTP supplements Market was valued at USD 55.6 Million and is projected to reach a market size of USD 99.16 Million by the end of 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 7.5%.

What are some key drivers of the 5-HTP supplements market?

Key drivers include rising awareness of mental health, demand for natural mood support, an aging population, and the preference for natural and herbal alternatives.

How did the COVID-19 pandemic impact the 5-HTP supplements market?

The pandemic initially led to increased demand for mood-enhancing supplements like 5-HTP. However, it also caused supply chain disruptions and manufacturing challenges.

How does government regulation affect the 5-HTP supplements market?

Government regulations ensure product safety and quality, fostering consumer trust. However, they also require manufacturers to adhere to specific standards.