Market Research Future (MRFR) has published on the “Brain Health Supplements Market”
Market Research Future (MRFR) has published a cooked research report on the “Global Brain Health Supplements Market” that contains information from 2018 to 2032.
The global Brain Health Supplements market is accounted to register a CAGR of 13.70% during the forecast period and is estimated to reach USD 27.6 Billion by 2032.
The primary market factors boosting market expansion include increased consumer awareness of mental health issues and rising use of natural and herbal health products. The change is a result of a deeper understanding of mental health issues like difficulty focusing, memory loss, anxiety, and depression. The business is also expected to grow during the forecast period as demand for natural and herbal health products increases. The increased demand for multi-effective drugs that may treat anxiety, boost energy, alleviate depression, and enhance brain function is expected to increase R&D activities in this industry.
MRFR recognizes the following companies as the key players in the global Brain Health Supplements market—Natural Factors Nutritional Products Ltd, Onnit Labs, Inc., Purelife Bioscience Co. Ltd, Intelligent Labs, Accelerated Intelligence Inc., NOW Foods, HVMN Inc., Teva Pharmaceutical Industries Ltd., Peak Nootropics;, and Alternascript
The global brain health supplements market has been segmented based product and application.
On the basis of product, the market is segmented into natural molecules, herbal extract, and vitamins & minerals. The herbal extract category held the biggest market share in 2022. The need for herbal extract supplements for brain health will increase as people's preferences for herbal goods rise in developing countries like China and India.
Based on application, the global brain health supplements market has been segmented into memory enhancement, attention & focus, depression & mood, sleep & recovery, anti-aging & longevity, and stress & anxiety. The market segment for memory enhancement had a greater market share in 2022. Due to rising competition in the academic world, students now require more memory enhancers and brain health vitamins.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Brain Health Supplements Market Research Report
The global Brain Health Supplements market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Brain Health Supplements market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Brain Health Supplements market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Brain Health Supplements market comprises of Middle East, Africa, and Latin America.
The largest market share for Brain Health Supplements was maintained by the North American regional sector. In North America, the demand from consumers for products that improve cognitive health has significantly increased in recent years. The rise in health consciousness, especially among young people, has spurred this need.
Moreover, the Europe market has been persistently growing over the forecast period. This is mostly due to the rise in the prevalence of brain diseases. The development of this industry would also be supported by an established healthcare infrastructure and rising consumer awareness of brain disorders.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The market for brain supplements has shown exceptional penetration in the Asia Pacific region, particularly in China, India, and Japan, due to rising consumer awareness of the benefits of these supplements, a growing preference for natural supplements over pharmaceuticals, and an increase in the incidence of Alzheimer's disease.
Furthermore, the rest of the world's Brain Health Supplements market is divided into the Middle East, Africa, and Latin America. The brain health supplements market in Latin America and the MEA region is witnessing growth due to increasing awareness of cognitive health and aging populations.
Key Findings of the Study