With the ever-increasing living and working pressure of the younger generation, the quality of sleep deteriorates, causing a series of life ills that have plagued modern people for a long time, and it has also led to the continuous expansion of China's sleep economy market.
At the same time, sleep products are also developing in a diversified trend. From traditional bedding textiles to sleep health products to the current sleep aid APP, the online sleep field has also entered people's field of vision, and apps that promote sleep or monitor sleep conditions appear. Since its popularity, even sleeping pods or nap bars that rely on virtual environments to cure insomnia are not uncommon, further promoting the development of China's sleep economy industry.
As can be seen from Figure 1, with the country email list birth of AlphaGo in 2016, the Internet slowly entered people's lives. With the rapid development of the Internet, people began to stay up late to watch dramas, play games all night, and become addicted to the Internet world, and some young people sleep because of this. Quality generally deteriorates.
Therefore, in 2016, my country's sleep economy also developed slowly. In the later period, with the pressure of study and work, the quality of sleep of some citizens generally deteriorated. Therefore, between 2016 and 2020, the overall market size of China's sleep economy has grown. It has increased from 261.63 billion yuan to 377.86 billion yuan, an increase of 44.42%. It is expected that with the continuous improvement of the market penetration rate of sleep products in the future, the product types will continue to increase, and the market size will continue to maintain a growth trend.