Global Longevity and Anti-aging Brain Health Supplements Market Size Study & Forecast, By Active Ingredients (Acetyl-L-Carnitine, Alpha GPC, Citicoline, Docosahexaenoic Acid (DHA), Kojic acid, Vitamin C, Others), By Product (Capsules, Tablets, Powder, Liquids, Others), By Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Pharmacies & Drugstores, Online), and Regional Analysis, 2023-2030
Global Longevity and Anti-aging Brain Health Supplements Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Longevity and Anti-aging Brain Health Supplements Market focuses on products aimed at promoting cognitive function and brain health, with a particular emphasis on addressing the aging process and its potential impact on mental acuity and longevity. These supplements typically contain a variety of ingredients, such as vitamins, minerals, antioxidants, herbal extracts, and other bioactive compounds, that are purported to support brain health, enhance memory, improve concentration, and protect against age-related cognitive decline. The market for these supplements has grown substantially in recent years, driven by increasing awareness of the importance of brain health and cognitive function, as well as rising demand from aging populations seeking to maintain mental sharpness and vitality as they grow older. The global market is poised for substantial expansion in the coming years due to several key factors. These include the increasing prevalence of self-focused consumers, heightened product awareness among millennials, and rapid advancements in this sector driven by modernization of human life Furthermore, the market is expected to experience growth propelled by improved cost-effectiveness and enhanced accessibility to these products.
For instance, according to a September 2021 article by the World Health Organization (WHO), an estimated 280 million individuals worldwide, spanning all age groups, grapple with depression. In the United States, anxiety disorder stands out as one of the most prevalent mental health conditions affecting the populace. Similarly, an October 2022 publication by the Anxiety & Depression Association of America reveals that approximately 19.1% of adults in the U.S., equivalent to 40 million individuals, experience anxiety. The growing awareness surrounding mental health issues is projected to broaden the application landscape for longevity and anti-aging brain health supplements in the foreseeable future. A study released by the National Center for Biotechnology Information underscores various factors contributing to diminished quality of life, including persistent stress, sleep deprivation, hectic lifestyles, and prolonged work hours. These factors are expected to stimulate demand for such products in the country. Furthermore, recent years have witnessed a shift in consumer preferences toward herbal health supplements containing ingredients like caffeine, matcha tea, spinach, beets, Brahmi, arctic root, turmeric, ginseng, and pine bark. However, a shift in consumer preference toward herbal health supplements stifles market growth throughout the forecast period 2023-2030.
The key regions considered for the Global Longevity and Anti-aging Brain Health Supplements Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America leading in market size and the Asia-Pacific (APAC) region emerging as the fastest-growing market segment. In North America, the market is propelled by an advanced healthcare infrastructure, high healthcare spending, strong consumer awareness, and a significant aging population. With well-established research facilities and a population increasingly prioritizing cognitive health, North America remains at the forefront of innovation and adoption of anti-aging brain health supplements. Conversely, the APAC region experiences rapid growth due to factors such as rising affluence of people, growing health consciousness, expanding middle class, and increased investment in research and development. Economic growth, coupled with a burgeoning middle-income population, fosters a conducive environment for the adoption of preventive healthcare measures, including supplements targeting cognitive function and longevity. As a result, the APAC region presents significant opportunities for market expansion and innovation in the field of longevity and anti-aging brain health supplements.
Major market players included in this report are:NAD Lab UK Ltd.
NOW Foods
Life Extension
NOVOS Labs
Purelife Biosciences Co., Ltd.
Alternascript
Natrol LLC
HVMN Inc.
Procera Health
RENUE BY SCIENCE, Inc.
Recent Developments in the Market: In April 2020, NOW joined PETA's Beauty Without Bunnies program, enabling customers to readily discern that all of NOW's personal care products and essential oils are cruelty-free and have not undergone animal testing.
In November 2020, HVMN Inc. secured a funding round of USD 5.5 million. The investment will fuel the advancement of research and development efforts focused on ketosis-related nutrition technologies and product innovation.
Global Longevity And Anti-aging Brain Health Supplements Market Report Scope: Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Active Ingredients, Products, Distribution Channel, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:By Active Ingredients:
Acetyl-L-Carnitine
Alpha GPC
Citicoline
Docosahexaenoic Acid (DHA)
Kojic acid
Vitamin C
Others
By Product:
Capsules
Tablets
Powder
Liquids
Others
By Distribution Channel:
Supermarkets & Hypermarkets
Specialty Stores
Pharmacies & Drugstores
Online
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.