Global Brain Health Supplements Market Recent Trends, Growth Driving Factors, Challenges, Opportunities, Strategies, Recent Developments, Product Segments, and Growth Forecast 2019 – 2028
The Brain Health Supplements Market has been categorized on the basis of type, application, supplement form, end-user, and region/ country.
Brain Health Supplements: Overview
The Brain Health Supplements Market was valued at $21.40 million in 2021 & is projected to reach $54.52 million by 2027. It is expected to grow at a 12.4% CAGR between 2021 and 2027.
Brain health supplements are helpful medicine to improve human memory, develop positive attitudes and change thought processes, make human beings enthusiastic, reduce stress, prevent anxiety, dementia, and depression; and improve the functioning of the brain such as concentration by using herbal extracts nutrition supplements.
There are various natural brain herbal supplements available in the market such as Gotu kola, rosemary, Vacha, ashwagandha, bacopa, Rhodiola, huperzine-a, ginkgo Biloba, tulsi, Brahmi, etc. that can be helpful for increasing intellectual focus of the nervous system.
Brain Health Supplements Market: Growth Supporting & Restraining Factors
An increasing number of patients with nervous disorders, especially in the geriatric population, is a major factor expected to drive the growth of the global brain health supplements market.
In addition, the growing use of natural nootropic herbal medicines such as Vacha – an ayurvedic medicine beneficial for improving memory, thought process, brainpower, and other mental capabilities. This is a major factor expected to drive the growth of the global brain health supplements market.
Moreover, docosahexaenoic acid found in Omega-3 fatty acids-based supplements is proven to be healthy for brain cells and helps protect neurological functions, which is a factor driving the growth of the global brain health supplements market.
Furthermore, increasing awareness regarding the benefits of healthy brain supplements, and the need for brain supplements for individuals with intellectual activities such as studies or work and for an aging population, individuals in the defense sector, and physical activities wherein the highest concentration is a must are factors anticipated to augment market growth.
A rising number of initiatives and activities conducted by various healthcare centers to offer to understand brain supplements and clear the misunderstandings and provide brain health supplements to different age groups is anticipated to fuel market growth.
Brain Health Supplements Market: Segment Analysis
Among the segments based on type, the natural molecules segment is anticipated to account for a substantial revenue share in the global market in terms of value, due to the increasing consumption of herb-extracted products as it is safe and effective.
Among the major six applications, the memory enhancement segment is expected to contribute a significant share in terms of value in the target market, due to naturally derived brain health supplements protecting from memory loss issues and nervousness.
By Sales Channel:
Among the sales channel segments, the drug stores segment is anticipated to account for considerable revenue share in the target market, due to dependency on drug stores for appropriate suggestions about the best options among available supplements.
The online store's segment is anticipated to grow at the highest CAGR, attributable to increasing preference for online purchasing, ever-inclining adoption of the Internet, busy schedules, etc.
Regional Analysis: Brain Health Supplements Market
The North American market is expected to account for a significant share in terms of revenue in the target market, due to rising health consciousness, increasing awareness of brain health supplements among people, easy availability of products via the Internet, and strong presence of a large number of companies in the countries such as the US and Canada and other locations.
In February 2019 for instance, US-based research company Jone Scientific launched a defense compound – Sophrosyne – using natural and brain-boosting ingredients that can be helpful in improving brain functionality, specifically cognition and memory.
The Asia Pacific market is expected to grow at a considerable CAGR, attributed to rapidly spreading knowledge about brain health, and necessity and availability of supplements, and the prevalence of neurological disorders, coupled with the increasing adoption of brain supplements by the elderly population for maintaining healthy brain functionality, and easy availability of O-T-C drugs.
Global Brain Health Supplements Market Segmentation:
Segmentation by Type:
- Herbal Extract
- Ginkgo Biloba
- Lions Mane
- Bacopa Monnieri
- Vitamins & Minerals
- Vitamins B
- Vitamin C and E
- Natural Molecules
- Alpha GPC
- Docosahexaenoic Acid (DHA)
Segmentation by Application:
- Memory Enhancement
- Mood & Depression
- Attention & Focus
- Longevity & Anti-aging
- Sleep & Recovery
Segmentation by Supplement Form:
Segmentation by End User:
Segmentation by Sales Channel:
- Supermarkets & Hypermarkets
- Drug Stores
- Online Stores
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Accelerated Intelligence Inc.
- HVMN Inc.
- Liquid Health, Inc.
- Aurobindo Pharma Limited
- Natural Factors Nutritional Products Ltd.
- Onnit Labs
- KeyView Labs, Inc.
- Purelife Bioscience Co. Ltd.
- Quincy Bioscience
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