Brain Health Supplements Market is projected to reach USD 15.59 Billion by 2030, growing at a CAGR of 8.31%: Straits Research
The global brain health supplements market size was valued at USD 7.60 billion in 2021 and is predicted to reach USD 15.59 billion by 2030, increasing at a CAGR of 8.31% from 2022 to 2030. North America led the market in 2021. In North America, mental health problems are driving demand for the medication.
New York, United States, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Brain health supplements contain natural and herbal components that boost brain function. These supplements contain ginseng, echinacea, ginkgo biloba, curcumin, lion's mane, vitamins, amino acids, minerals, and bioflavonoids. Supplements come as tablets, capsules, soft gels, powders, and syrups. Cognitive enhancers improve memory, concentration, attention, sleep, mood, ageing, and motor skills. Regularly using brain health supplements can lessen the risk of anxiety, dementia, depression, Alzheimer's, and other neurodegenerative illnesses.
Natural chemicals with brain-healthy properties are brain supplements. Vitamins B and C help the brain and nerve system. Herbal ingredient R&D drives the global market for brain health supplements. Herbal medications' medicinal and pharmacological uses are being explored. Brain health supplement producers have also increased.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/brain-health-supplements-market/request-sample
Global Brain Health Supplements Market: Drivers
Mental Health Issues Are Rising
Dementia, Alzheimer, and brain cancer will rise in prevalence, boosting the market. In September 2021, the WHO reported that 55 million people worldwide had dementia, with 10 million new cases each year.
Ageing population also boosts brain health supplement business. Alzheimer's and other dementias are widespread in the elderly. A Population Reference Bureau estimate projects that by 2060, 23% of Americans will be 65 or older. This is roughly a two-thirds rise from 52 million today.
Growing R&D And Online Sales
Rising demand for brain-health supplements is largely due to herbal R&D. Organic medications and supplements have health benefits. Thus, the number of companies producing brain health supplements influences market growth.
Due to busy schedules and financial or familial stress, people need more brain health vitamins. Product availability at pharmacies fuels market expansion. As drugstores multiply, demand for mental health products rises. Internet sales are also predicted to rise rapidly, which will help the market flourish. Online buying is growing because consumers value convenience.
Global Brain Health Supplements Market: Key Future Opportunities
Technological Advances Create New Opportunities
Other growth-inducing features include product upgrades like the introduction of organic, sustainably-grown variants. These are made with organic, sustainably-grown ingredients. Consumers are more aware of the benefits of naturally produced, high-quality dietary supplements and are using them to fill nutritional gaps in their meals. Key market players are adopting organic growth strategies such as product launches to strengthen their position in the global market for brain health supplements. In July 2017, Mannatech, Inc. announced that GinMAX (Ginseng Supplement) would be offered in China. GinMAX improves focus, memory, and fatigue naturally. Each will offer attractive opportunities during the projection timeframe.
Report Scope
Report Metric | Details |
Market Size | 15.59 billion by 2030 |
CAGR | 8.31% (2022-2030) |
Historical Data | 2019-2020 |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Forecast Units | Value (USD Billion ) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product, Applications, Regions |
Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
Key Companies Profiled/Vendors | AlternaScript, Teva Pharmaceutical Industries Ltd., HVMN Inc., Natural Factors Nutritional Products Ltd. ,Reckitt Benckiser Group plc., Purelife Bioscience Co., Ltd., Peak Nootropics, Onnit Labs, Inc. ,NOW Foods ,Intelligent Labs, Accelerated Intelligence, Inc. ,Quincy Bioscience, LLC , KeyView Labs, Inc. , Aurobindo Pharma Limited (Natroll, LLC) , Clarity Nootropics |
Key Market Opportunities | New Opportunities Are Opening Up as A Result of Technological Advances |
Key Market Drivers | Mental Health Issues Are Becoming More Common |
Buy Now Full Report @ https://straitsresearch.com/buy-now/brain-health-supplements-market
Regional Overview of Global Brain Health Supplements Market
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa make up the Global Brain Health Supplements Market.
North America led the market in 2021. In North America, mental health problems are driving demand for the medication. According to data from the US National Library of Medicine, 75% of the adult population in the US consumes dietary supplements that promote brain health, energy, and performance. They contain vitamins, minerals, and herbs. These trends will likely boost the country's market. Loneliness and uncertainty about the future are important stressors for U.S. teens and young adults, according to 2020 APA research. In order for their brains to work properly, more adults will likely need brain health supplements.
Asia Pacific will expand fastest from 2022 to 2030. The rapidly developing education sectors in China and Japan, along with increased awareness of the necessity of good brain function, are expected to enhance demand for the product in the region. Multinational corporations combine with Chinese and Indian firms to produce natural medications. This tendency should boost organic products over the projection period. Alzheimer's disease is spreading in emerging countries like China and India, increasing demand for memory-enhancing medicines. Dementia cases are anticipated to rise from 23 million in 2015 to 71 million in 2050. Due to increased awareness of Alzheimer's disease and other forms of dementia, demand for memory enhancer products is expected to rise during the forecast period.
Key Highlights
The Global Brain Health Supplements Market Size was valued at USD 7.60 billion in 2021 and is predicted to reach at USD 15.59 billion by 2030, increasing at a CAGR of 8.31% from 2022 to 2030.
By Product, the Global Brain Health Supplements Market is segmented into Natural Molecules, Herbal Extract, and Vitamins and Minerals. Global revenue in 2021 was dominated by the natural molecule segment.
By Application, the Global Brain Health Supplements Market is segmented into Memory Enhancement, Attention and Focus, Depression and Mood, Sleep and Recovery, Anti-aging and Longevity, and Stress & Anxiety. As of 2021, memory-enhancement products accounted for the highest global revenue share.
By Region, the Global Brain Health Supplements Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America accounted for the greatest share of the market.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/brain-health-supplements-market/request-sample
A list of major competitor companies in the Brain Health Supplements Market across the globe are,
AlternaScript
Teva Pharmaceutical Industries Ltd.
HVMN Inc.
Natural Factors Nutritional Products Ltd.
Reckitt Benckiser Group plc.
Purelife Bioscience Co., Ltd.
Peak Nootropics
Onnit Labs, Inc.
NOW Foods
Intelligent Labs
Accelerated Intelligence, Inc.
Quincy Bioscience, LLC
KeyView Labs, Inc.
Aurobindo Pharma Limited (Natroll, LLC)
Clarity Nootropics
Global Brain Health Supplements Market: Segmentation
By Product
Natural Molecules
Herbal Extract
Vitamins and Minerals
By Application
Memory Enhancement
Attention and Focus
Depression and Mood
Sleep and Recovery
Anti-aging and Longevity
Stress & Anxiety
By Geography
North America
Europe
Asia Pacific (APAC)
Latin America
Middle East and Africa (MEA)
Table of Content
Introduction
Market Definition
Market Scope
Research Methodology
Primary Research
Research Methodology
Assumptions & Exclusions
Secondary Data Sources
Market Overview
Report Segmentation & Scope
Value Chain Analysis: Brain Health Supplements Market
Key Market Trends
Drivers
Restraints
Opportunities
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of Substitution
Threat of New Entrants
Competitive Rivalry
Market Share Analysis
Product Overview
Introduction
Market Size & Forecast
Natural Molecules
Market Size & Forecast
Herbal Extract
Market Size & Forecast
Applications Overview
Introduction
Market Size & Forecast
Memory Enhancement
Market Size & Forecast
Attention and Focus
Market Size & Forecast
Regional Overview
Introduction
Market Size & Forecast
America
North America
U.S.
By Product
By Applications
Canada
By Product
By Applications
Mexico
By Product
By Applications
Latin America
By Product
By Applications
Europe
Market Size & Forecast
Germany
By Product
By Applications
France
By Product
By Applications
U.K.
By Product
By Applications
Italy
By Product
By Applications
Spain
By Product
By Applications
Rest of Europe
By Product
By Applications
Asia Pacific
Market Size & Forecast
Japan
By Product
By Applications
China
By Product
By Applications
Australia
By Product
By Applications
India
By Product
By Applications
South Korea
By Product
By Applications
Rest of Asia-Pacific
By Product
By Applications
Middle East & Africa
Market Size & Forecast
Saudi Arabia
By Product
By Applications
South Africa
By Product
By Applications
Kuwait
By Product
By Applications
Rest of Middle East & Africa
By Product
By Applications
Company Profile
AlternaScript
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Teva Pharmaceutical Industries Ltd
Company Overview
Financial Performance
Recent Developments
Product Portfolio
HVMN Inc
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Conclusion & Recommendation
Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/brain-health-supplements-market/toc
Recent Developments
June 2022 - The issue over Aurobindo's Abbreviated New Drug Application ("ANDA") for a generic deutetrabenazine product has been resolved by an agreement between Teva Branded Pharmaceutical Products R&D, Inc. and Auspex Pharmaceuticals, Inc., two U.S. subsidiaries of Teva Pharmaceutical Industries Ltd. AUSTEDO® (deutetrabenazine), a product of Teva, is covered by a variety of patents that Teva has asserted against Aurobindo in a patent infringement lawsuit.
January 2022 - Ketone-IQTM is the next generation of the unique drinkable ketone that was developed by Health Via Modern Nutrition (HVMN), a firm that specialises in metabolic health and was an early pioneer in the development of drinkable ketone technology.
News Media
Development of Dietary Supplements to Spur Eggshell Membrane Market Healthy Growth
Rapid Adoption of Active Lifestyle to Drive the Dietary Supplements Market Growth
Have a Look at the Related Research Report
Wireless Brain Sensors Market: Information by Product (Electroencephalography Devices), Therapeutic Application (Traumatic Brain Injuries), End-Users, and Region — Forecast till 2029
Neurostimulation Devices Market: Information by Product (Spinal Cord Stimulator, Deep Brain Stimulator), Application (Epilepsy, Depression, Gastroparesis), and Region — Forecast till 2030
Brain Monitoring Market: Information by Product (Device), Application (Parkinson’s Disease), End-User (Hospitals), and Region — Forecast till 2029
About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
For more information on your target market, please contact us below:
Phone: +1 646 480 7505 (the U.S.)
+91 8087085354 (APAC)
+44 208 068 9665 (the U.K.)
Email: sales@straitsresearch.com
Follow Us: LinkedIn | Facebook | Instagram | Twitter