Global Brain Health Supplement Market Size, Share & Industry Analysis, By Product Type, By Application, By Supplement Form, By Age Group User, By Distribution Channel, By Region and market forecast till 2027.
Global Brain Health Supplement Market
Global Brain Health Supplement Market was valued at US$5.2 Bn In 2021 which is anticipated to reach US$ 9.0 Bn by 2027 at a CAGR 9.3% from 2022-2027
Brain Health Supplement are favoured & used for majorly geriatric and pediatric population for enhancing concentration, mood & focus. Brain Health Supplements are primarily used to boost brain activities and functions in patients suffering from depression & anxiety disorders. Brain Health supplements are Herbal products utilize for the enhancement of brain functions and cognitive activities. The herbal plant such as Bacopa Monniera & Withania Somnifera help to improve memory possess neuroprotective effect.
Market Drivers
The rising incidence of brain disease such as Neurodegenerative disorder, Alzheimer’s disease, Dementia, Depression & Anxiety across the globe are the components that drive the growth of market. The increase in geriatric population, which is one more factor that provides thrust to the market growth. Also rising health alertness within the people and hectic lifestyle, consumers are involving brain health supplement into their daily diet to stay mentally attentive and enhance their overall functioning throughout the day. The growth of Global Brain Health supplement Market is highly driven by rise in R&D activities in herbal constituents. High risk COVID-19 infection within people can cause depression, fear, & anxiety. This is anticipated to drive growth of The Global Brain Health Supplement Market in the upcoming years.
Market Restraints
Insufficient production of brain health supplements and deceitful claims about the product efficacy are major components restraining the growth of Global Brain Health Supplement Market during the forecast period. Manufacturing companies launch their product without any regulatory approval that results into false claiming products and hinder the customer’s trust on such products.
Market Segmentation
The Global Brain Health Supplement Market is segmented into Product Type, Application, Supplement Form, Age Group User, Distribution Channel. By Product Type such as Herbal Extracts: Ginseng, Ginkgo Biloba, Curcumin, Lions Mane, Others. Vitamins & Minerals: Vitamin B, Vitamin C & E, Others.
Natural Molecules: Acetyl-L-Carnitine, Alpha GPC, Citicoline, Docosahexaenoic Acid (DHA), Others Consumables & Disposables. By Application such as Memory Enhancement, Mood & Depression, Attention & Focus, Longevity & Anti-aging, Sleep & Recovery, Anxiety. By Supplement Form such as Tablet, Capsule, Others. By Age Group User such as Geriatric, Adults, Pediatrics. By Distribution Channel such as Supermarkets & Hypermarkets, Drug Stores, Online Stores, Others.
Regional Analysis
The Global Brain Health Supplement Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America acquires the major share in the Brain Health Supplement Market in the 2020 & is anticipated to influence the global market
during forecast period. Asia Pacific expected to record highest CAGR 10.8% from 2021-2030 due to increasing healthcare expenditure of peoples, rising prevalence of chronic diseases, availability of herbal plant and growing population.
Key Players
Various Key Players are listed in this report such as 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
Market Taxonomy
By Product Type
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