The Brain Health Supplements Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Brain Health Supplements Global Market Report 2024, The brain health supplements market size has grown rapidly in recent years. It will grow from $9.63 billion in 2023 to $10.77 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to e-commerce expansion, personalized nutrition growth, scientific validation and research, digital overload and screen time..
The brain health supplements market size is expected to see rapid growth in the next few years. It will grow to $16.93 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to aging population trends, increasing health awareness, stress and mental health concerns, preventive healthcare focus, advancements in supplement formulations.. Major trends in the forecast period include celebrity endorsements and influencer marketing, regulatory support and safety standards, personalized nutrition trends, clinical research and validation, evolving consumer preferences..
An increase in the prevalence of brain diseases is expected to propel the growth of the brain health supplements market going forward. Brain diseases refer to a disability that affects the brain and is considered a disorder. Essential nutrient supplementation, such as long-chain polyunsaturated fatty acids, vitamin E, and mineral elements, may reduce inflammation, improve antioxidative defense, and reduce the risk. For instance, in October 2022, according to a report released by the BrightFocus Foundation, a US-based non-profit organization, it is expected that about 500k new instances of Alzheimer’s disease would be identified in the United States every year. Alzheimer’s dementia affects 5% of those aged 65 to 74, 13% of those aged 75 to 84, and 33% of those aged 85 and older. Therefore, an increase in the prevalence of brain diseases is driving the growth of the brain health supplements market.
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The brain health supplements market covered in this report is segmented –
1) By Product: Natural Molecules, Herbal Extract, Vitamins and Minerals
2) By Supplement Form: Tablets, Capsules, Liquid
3) By Distribution: Supermarket and Hypermarket, Drug Store, Online
4) By Application: Memory Enhancement, Mood and Depression, Attention and Focus, Longevity and Anti-aging, Sleep and Recovery, Anxiety
Product innovation is a key trend gaining popularity in the brain health supplements market. Major companies operating in the brain health supplements market are developing innovative products to sustain their position in the brain health supplements market. For instance, in March 2022, Cosmos Holdings, a US-based pharmaceutical company, launched Proprietary Sky Premium Life Brainlit, an advanced formula to maintain and enhance brain function. Alzheimer’s disease and other kinds of dementia, Parkinson’s disease, depression, and anxiety have all been on the rise in recent years, despite a substantial unmet demand for effective treatment alternatives. The Brainlit supplement is created with the best quality raw ingredients and includes Ginkgo biloba, glutamine, L-tyrosine, and other vitamins and minerals important for brain function.
The brain health supplements market report table of contents includes:
- Executive Summary
- Brain Health Supplements Market Characteristics
- Brain Health Supplements Market Trends And Strategies
- Brain Health Supplements Market – Macro Economic Scenario
- Global Brain Health Supplements Market Size and Growth
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- Global Brain Health Supplements Market Competitive Benchmarking
- Global Brain Health Supplements Market Competitive Dashboard
- Key Mergers And Acquisitions In The Brain Health Supplements Market
- Brain Health Supplements Market Future Outlook and Potential Analysis
- Appendix
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