Brain Health Supplements Market by Age Group (Children, Adults, and Elderly), Product (Herbal Extract, Vitamins & Minerals, and Natural Molecules), Application (Memory Enhancement, Mood & Depression, Attention & Focus, Longevity & Anti-Aging, Sleep & Recovery, and Anxiety), Supplement Form (Tablets, Capsules, and Others), and Sales Channel (Supermarkets & Hypermarkets, Drug Stores, Online Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global brain health supplement market was valued at $ 7,653.4 million in 2020, and is projected to reach $ 19,730.1 million by 2030, registering a CAGR of 9.9% from 2021 to 2030
Brain health supplements are herbal products used to improve brain functions and cognitive activities. Brain health supplements includes herbal extracts, vitamins, minerals, and other natural components. The herbal plants such as Bacopa monniera and Withania somnifera help to enhance memory and possess neuroprotective effects.
Increase in prevalence of brain diseases such as Alzheimer’s and dementia drives the growth of brain health supplements market. For instance, as per the data published by the World Health Organization (WHO), in September 2021, more than 55 million people were suffering from dementia worldwide, and are nearly 10 million new cases are reported every year. Furthermore, aged individuals are highly prone to memory disorders, due to aging effect. Thus, increase in geriatric population propels the growth of brain health supplements market.
In addition, rise in awareness about neural health contributes toward the growth of market. Furthermore, increase in stress among people boosts the market growth. For instance, in December 2021, the World Economic Forum reported that the workers in the U.S. and Canada recorded the highest level of daily stress. This increases the demand for brain health supplements, thereby propelling the growth of the market. However, poor awareness about brain disease is expected to limit the growth of market.
The brain health supplements market is segmented into age group, product, application, supplement form, sales channel, and region. On the basis of age group, the market is classified into children, adults, and elderly. By product, it is categorized into herbal extract, vitamins & minerals, and natural molecules. The herbal extract segment is further classified into Ginseng, Ginkgo biloba, Curcumin, Lions mane, Bacopa monnieri, and other herbal extracts. The vitamins & minerals segment is subdivided into vitamin B, vitamin C & E, and other vitamins & minerals. The natural molecules segment is subcategorized into acetyl-l-carnitine, alpha GPC, citicoline, docosahexaenoic acid (DHA), huperzine-A, and other natural molecules. The applications covered in the study include memory enhancement, mood & depression, attention & focus, longevity & anti-aging, sleep & recovery, and anxiety. By supplement form, the market is mainly divided into tablets, capsules and others. By sales channel, it is categorized into supermarkets & hypermarkets, drug stores, online stores, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Allscripts Healthcare Solutions, Inc., Cerner Corporation, Computer Programs and Systems, Inc., CureMD Corporation, eClinicalWorks, Epic Systems Corporation, General Electric Company, Greenway Health, LLC, Meditech, and Praxis EMR.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the global brain health supplements market size along with the current trends and future estimations to elucidate the imminent investment pockets.
It offers market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
A comprehensive analysis of the region assists to understand the regional market and facilitate strategic business planning and determine prevailing opportunities.
The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global Brain health supplements market growth.
KEY MARKET SEGMENTS
By Age Group
Children
Adults
Elderly
By Product
Herbal Extract
Ginseng
Ginkgo Biloba
Curcumin
Lions Mane
Bacopa Monnieri
Other Herbal Extracts
Vitamins & Minerals
Vitamin B
Vitamin C & E
Other vitamins & minerals
Natural Molecules
Acetyl-L-carnitine
Alpha GPC
Citicoline
Docosahexaenoic Acid (DHA)
Huperzine-A
Other Natural Molecules
By Application
Memory Enhancement
Mood & Depression
Attention & Focus
Longevity & Anti-aging
Sleep & Recovery
Anxiety
By Supplement Form
Tablets
Capsules
Others
By Sales Channel
Supermarkets & Hypermarkets
Drug Stores
Online Stores
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
KEY MARKET PLAYERS
Accelerated Intelligence Inc.
AlternaScript LLC
Natroll, LLC
HVMN Inc.
KeyView Labs, Inc.
Liquid Health, Inc.
Natural Factors Nutritional Products Ltd.
Onnit Labs, LLC
Purelife Bioscience Co., Ltd.
Quincy Bioscience, LLC
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