Longevity And Anti-aging Brain Health Supplements Market Size, Share & Trends Analysis Report By Active Ingredients (Citicoline, DHA), By Distribution Channel (Specialty Stores, Online), By Product, By Region, And Segment Forecasts, 2023 - 2030

Longevity And Anti-aging Brain Health Supplements Market Size, Share & Trends Analysis Report By Active Ingredients (Citicoline, DHA), By Distribution Channel (Specialty Stores, Online), By Product, By Region, And Segment Forecasts, 2023 - 2030

Longevity And Anti-Aging Brain Health Supplements Market Growth &Trends

The global longevity and anti-aging brain health supplements market size is expected to reach USD 1,350.6 million by 2030, registering a CAGR of 6.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising awareness about brain health, increasing prevalence of Alzheimer’s, rising concerns about stress & depression affecting brain health, and studies proving the efficacy of brain supplements are the major factors driving the market's growth. Longevity & anti-aging brain health supplements are drugs that aid in enhancing cognitive functions, such as motivation, memory, attention, and creativity. These supplements are developed from a wide range of natural and herbal extracted ingredients.

Cognition represents a complex set of high-level mental functions including learning, thinking, memorizing, and concentrating, and is highly influenced by appropriate nutrition quality and level. Nowadays, optimal brain functioning has become crucial on account of growing competition across every field including academics and professionals associated with creativity and corporate sectors. With rising concerns and growing awareness related to individual productivity, the brain health supplements market is expected to witness an augmented product demand from consumers. Moreover, the presence of a significant number of student base and workforce are looking for additional ways to gain a competitive advantage in their respective areas through high productivity. Thus, ensuring the growth of the global market over the next few years.

According to data published by the Department for Professional Employees in September 2021, approximately 88.4 million people across the globe were identified as working professionals working across a diverse range of occupations. These occupations include engineering, architecture, math, and computer among others. Additionally, the rise of the wellness and self-care movement has contributed to the market's growth. People are increasingly taking a proactive approach to their health and wellness, seeking ways to optimize their physical and mental well-being. Brain health supplements are seen as a part of this holistic approach to maintaining a healthy lifestyle.

Longevity And Anti-aging Brain Health Supplements Market Report Highlights

• The other active ingredients segment led the market in 2022. Other active ingredients include ginkgo biloba, vitamin B, curcumin, and coenzyme Q10. Factors, such as rising cases of psychological distress and increased awareness about brain health, are driving the demand for these ingredients
• The capsules segment held the largest market share of 41.53% in 2022 due to the widespread usage of capsules for the ingestion of supplements. Moreover, factors, such as the ease of swallowing, as well as the tasteless and odorless nature of capsules, are driving product penetration
• Capsules offer oil nutrient or fat-soluble delivery options that enclose dosage combinations. Furthermore, capsules offer more advantages over tablets, such as higher absorption rates, lesser irritation to the GI tract, and availability in various sizes based on dosage
• The online distribution channel is expected to grow at a CAGR of 7.7% from 2023 to 2030. due to the high internet penetration and consumer awareness about health supplements. Manufacturers are increasingly offering their products on company-owned portals and e-commerce websites to gain wide consumer traction. In addition, rapid digitalization is supporting the segment growth
• Asia Pacific is expected to register the fastest CAGR from 2023 to 2030 due to the growing awareness about brain health supplements with antiaging properties and overall health. Changing lifestyles, increasing disposable incomes, and rapid urbanization contribute to the increased product adoption

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