- Sales of wellness supplements surge 35% year on year, while mood enhancers report almost 10% growth
- As health and wellness awareness rises, SHRG ideally positioned to capitalize on growing momentum
- Company features proprietary products that promote well-being, happiness
Recent research conducted by SPINS, a data-driven company delivering insights about the health and wellness industry, reveals that the market for stress-relieving and mood-enhancing supplements are reporting double-digit growth compared to the previous year. With its exclusive wellness supplements product line designed to promote happiness and elevate lives, Sharing Services Global (OTCQB: SHRG) looks to be ideally positioned to leverage this upward trend as people place more importance on health and well-being.
The SPINS research shows that for the first seven months of 2020, the sales of supplements that help consumers manage stress, a category that includes mood support and sleep products, have increased by staggering 35% year on year. At the same time, mood support supplements reported a 9.6% growth for the first seven months of 2020 compared to the same period in 2019 (http://nnw.fm/i5PPr).
Sharing Services is committed to developing brands specially designed to elevate the lives of consumers by delivering exceptional experience through premium products that assist in enhancing mood and reducing levels of stress while increasing levels of energy. With that focus in mind, SHRG looks to be ideally positioned to benefit from the emerging market trend. The company’s functional product lines include beverages and wellness supplements that feature proprietary D.O.S.E. formulation, uniquely developed to increase levels of four essential hormones – dopamine, oxytocin, serotonin and endorphins –associated with well-being and happiness. The compounds also bring other potential health benefits such as suppressing appetite and boosting the immune system.
SHRG is committed to upgrading its wellness product offering and continually introduces new products. But the company is not stopping there. SHRG branched out to develop an all-natural nootropic supplement called Xanthomax, featuring proprietary formulation uniquely designed to stimulate what the company calls D.O.S.E. response in the brain, boosting energy, motivation and optimism.
Nootropics are novel functional supplements, often called smart drugs, that enhance brain function and cognitive optimization as they allow more effective information processing. As a nutritional supplement, Xanthomax contains xanthohumol, one of the most powerful antioxidants, which also helps the body release oxytocin, a happiness-inducing hormone.
SHRG’s wellness product line is formulated and distributed by the company’s wholly owned subsidiary Elevacity and distributed by its Elepreneurs, a network of independent, home-based entrepreneurs. Elevacity collaborates with a team of scientists, doctors, pharmacists and food experts to develop powerful, all-natural functional beverages and health supplements, while Elepreneurs are tasked with the distribution of these innovative products through health and wellness aware, entrepreneurial community.
NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://nnw.fm/SHRG
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