Brain Health Supplements Market Size - By Age Group, By Product, By Supplement Form, By Application, By Sales Channel - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Brain Health Supplements Market Size - By Age Group, By Product, By Supplement Form, By Application, By Sales Channel - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Global Brain Health Supplements Market Overview:

According to SPER Market Research, the Global Brain Health Supplements Market is estimated to reach USD 17.41 billion by 2032 with a CAGR of 8.53%.

Natural substances found in brain health supplements have advantageous impacts on the brain. These dietary supplements, which come in the form of herbal extracts in capsules, pills, and powders, assist healthy individuals in enhancing their memory, creativity, attention, motivation, and alertness. It has been demonstrated that herbs like withania somnifera and bacopa monniera enhance brain function. Additionally, B and C vitamins are good for the functioning of the nerves and brain. Supplements are goods that are utilised to correct and strengthen any kind of physical deficiencies in people. Supplements are available to consumers as tablets, capsules, soft gels, powders, or liquids. The type of supplements, such as herbal supplements and natural supplements, can be used to categorise them.

Impact of COVID-19 on the Global Brain Health Supplements Market

Due to people's declining mental and emotional health, the COVID-19 epidemic has had a favorable effect on the market and increased consumer demand for these items. Due to the uncertainties surrounding the ongoing COVID-19 lawsuits around the world, people are spending more money on products that support memory. The epidemic has caused a disruption in the supply chain, affecting both the supply of finished goods and the acquisition of raw materials. The production of supplements has been somewhat impeded as a result of the bans that several nations have placed on the import and export of raw materials. The demand for brain health supplements has significantly increased as a result of the coronavirus 2nd wave, which has motivated consumers to consume dietary supplements in their everyday lives to protect themselves from severe respiratory syndrome coronavirus.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032

Segments covered By Age Group, By Product, By Supplement Form, By Application, By Sales Channel

Regions covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Companies Covered Adisseo, ADM, AlternaScript, BASF SE, BTSA Biotechnologias Aplicadas S.L., DSM, Farbest Brands, Glanbia PLC, HVMN Inc., Intelligent Labs, Lonza Group, Natural Factors Nutritional Products Ltd., NOW Foods, Onnit Labs, Inc., Peak Nootropics, Purelife Bioscience Co., Ltd., Rabar Pty Ltd., Reckitt Benckiser Group PLC., SternVitamin GmbH & Co. KG, Teva Pharmaceutical Industries Ltd

Global Brain Health Supplements Market Segmentation:

By Age Group: Based on the Age Group, Global Brain Health Supplements Market is segmented as; Adults, Elderly and Kids.

By Product: Based on the Product, Global Brain Health Supplements Market is segmented as; Herbal Extracts (Bacopa monnieri, Curcumin, Ginkgo bilola, Ginseng, Lions mane, Others), Vitamins and Minerals (Vitamin B, Vitamin C & E, Others), Natural Molecules (Acetyle-i-carnitine, Alpha gpc, Citicoline, Docosahexaenoic acid, Huperzine A, others).

By Supplement Form: Based on the Supplement Form, Global Brain Health Supplements Market is segmented as; Capsules, Tablets and Others.

By Application: Based on the Application, Global Brain Health Supplements Market is segmented as; Anxiety, Attention and Focus, Longevity and Anti-aging, Memory Enhancement, Mood and Depression, Sleep and Recovery.

By Sales Channel: Based on the Sales Channel, Global Brain Health Supplements Market is segmented as; Drug Stores, Online Stores, Supermarkets and Hypermarkets and Others.

By Region: In recent years, North America has contributed the most to the market. The demand for the product in North America is being driven by consumers' increased concerns about their mental health. Adults in the United States regularly use nutritional supplements containing vitamins, minerals, and botanical components to boost their performance, energy, and mental clarity. These trends are probably going to accelerate the market expansion in the nation. According to the American Psychological Association, loneliness and uncertainty about the future are significant stressors for adolescents and young adults in America. As a result, it is anticipated that more and more adults will take supplements for brain health in order to maintain proper brain function.