The global brain health supplements market size reached US$ 6.2 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 12.6 Billion by 2032, exhibiting a growth rate (CAGR) of 8.2% during 2023-2032.
Brain health supplements refer to various natural and herbal dietary compounds consumed to improve brain functioning. They are fortified with herbal extracts, including ginseng, echinacea, ginkgo biloba, curcumin and lion's mane, along with essential vitamins, amino acids, proteins, minerals and bioflavonoids. These supplements are commonly available in the form of tablets, capsules, soft gels, powders and syrups. They aid in enhancing memory, concentration, attention, sleep recovery, mood regulation, aging and motor functions. Regular consumption of brain health supplements also aid in minimizing the risks of developing anxiety, dementia, depression, Alzheimer’s and other neurological degenerative disorders.
The increasing prevalence of neurodegenerative disorders across the globe is one of the key factors driving the growth of the market. Furthermore, the rising geriatric population, which is more susceptible to such ailments, is providing a thrust to the market growth. With the growing health consciousness among the masses and hectic work schedules, consumers are incorporating brain health supplements into their daily diets to stay mentally alert and improve their overall functioning throughout the day. Additionally, various product innovations, such as the launch of variants manufactured using organic ingredients grown using sustainable methods, are acting as other growth-inducing factors.
Consumers are also more aware of the benefits of naturally-sourced high-quality dietary supplements and widely using them to fulfill the nutritional gaps in their regular diets. Other factors, including rising healthcare expenditures of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market growth.
2. What is the expected growth rate of the global brain health supplements market during 2024-2032?
3. What has been the impact of COVID-19 on the global brain health supplements market?
4. What are the key factors driving the global brain health supplements market?
5. What is the breakup of the global brain health supplements market based on the product?
6. What is the breakup of the global brain health supplements market based on the form?
7. What is the breakup of the global brain health supplements market based on the distribution channel?
8. What is the breakup of the global brain health supplements marketbased on the application?
9. What are the key regions in the global brain health supplements market?
10. Who are the key players/companies in the global brain health supplements market?
Brain health supplements refer to various natural and herbal dietary compounds consumed to improve brain functioning. They are fortified with herbal extracts, including ginseng, echinacea, ginkgo biloba, curcumin and lion's mane, along with essential vitamins, amino acids, proteins, minerals and bioflavonoids. These supplements are commonly available in the form of tablets, capsules, soft gels, powders and syrups. They aid in enhancing memory, concentration, attention, sleep recovery, mood regulation, aging and motor functions. Regular consumption of brain health supplements also aid in minimizing the risks of developing anxiety, dementia, depression, Alzheimer’s and other neurological degenerative disorders.
The increasing prevalence of neurodegenerative disorders across the globe is one of the key factors driving the growth of the market. Furthermore, the rising geriatric population, which is more susceptible to such ailments, is providing a thrust to the market growth. With the growing health consciousness among the masses and hectic work schedules, consumers are incorporating brain health supplements into their daily diets to stay mentally alert and improve their overall functioning throughout the day. Additionally, various product innovations, such as the launch of variants manufactured using organic ingredients grown using sustainable methods, are acting as other growth-inducing factors.
Consumers are also more aware of the benefits of naturally-sourced high-quality dietary supplements and widely using them to fulfill the nutritional gaps in their regular diets. Other factors, including rising healthcare expenditures of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global brain health supplements market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, form, distribution channel and application.Breakup by Product:
- Natural Molecules
- Herbal Extract
- Vitamins and Minerals
Breakup by Form:
- Tablets and Capsules
- Powder
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Drug Stores
- Online Stores
- Others
Breakup by Application:
- Memory Enhancement
- Attention and Focus
- Depression and Mood
- Sleep and Recovery
- Anti-aging and Longevity
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accelerated Intelligence Inc., AlternaScript, Aurobindo Pharma, HVMN Inc., Liquid Health Inc., Natural Factors Nutritional Products Ltd., Onnit Labs Inc., Purelife Bioscience Co. Ltd., Quincy Bioscience LLC, Reckitt Benckiser Group plc. and Teva Pharmaceutical Industries Ltd.Key Questions Answered in This Report
1. What was the size of the global brain health supplements market in 2023?2. What is the expected growth rate of the global brain health supplements market during 2024-2032?
3. What has been the impact of COVID-19 on the global brain health supplements market?
4. What are the key factors driving the global brain health supplements market?
5. What is the breakup of the global brain health supplements market based on the product?
6. What is the breakup of the global brain health supplements market based on the form?
7. What is the breakup of the global brain health supplements market based on the distribution channel?
8. What is the breakup of the global brain health supplements marketbased on the application?
9. What are the key regions in the global brain health supplements market?
10. Who are the key players/companies in the global brain health supplements market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Brain Health Supplements Market
6 Market Breakup by Product
7 Market Breakup by Form
8 Market Breakup by Distribution Channel
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Accelerated Intelligence Inc.
- AlternaScript
- Aurobindo Pharma
- HVMN Inc.
- Liquid Health Inc.
- Natural Factors Nutritional Products Ltd.
- Onnit Labs Inc.
- Purelife Bioscience Co. Ltd.
- Quincy Bioscience LLC
- Reckitt Benckiser Group plc.
- Teva Pharmaceutical Industries Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 6.2 Billion |
| Forecasted Market Value ( USD | $ 12.6 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
