Global Brain Health Supplements Market 2021: By Type (Herbal Extract, Ginseng, Ginkgo Biloba, Curcumin, Lions Mane, Bacopa Monnieri, Vitamins & Minerals, Vitamins B, Vitamin C and E, Natural Molecules, Acetyl-L-carnitine, Alpha GPC, Citicoline, Docosahexaenoic Acid (DHA), Huperzine-A), By Application (Memory Enhancement, Mood & Depression, Attention & Focus, Longevity & Anti-aging, Sleep & Recovery, Anxiety), By Supplement Form (Tablets, Capsules), By End User (Children, Adults, Elderly), By Sales Channel (Supermarkets & Hypermarkets, Drug Stores, Online Stores)
Global Brain Health Supplements Market Trends, Insights, Applications, Industry Growth, and Market Forecast to 2028” is an addition to Trusted Business Insights reports. The global Brain Health Supplements Market has been categorized on the basis of type, application, supplement form, end user, and region/ country.Request Covid - 19 Impact
The Global Brain Health Supplements market size was valued at USD $9265.65 Million in 2020, USD $10423.86 Million in 2021, forecasted to reach USD $11726.84 Million in 2022, and is projected to reach USD $20511.87 Million by 2030, and is anticipated to expand at a CAGR of 12.5% over the forecast period from 2020 to 2030.
Brain Health Supplements: Product Overview
Brain health supplements is helpful medicine to improve human memory, develop positive attitude and change thought process, make human being enthusiastic, reduce stress, prevent anxiety, dementia, depression; and improve functioning of the brain such as concentration by using herbal extracts nutrition supplements. There are various natural brain herbal supplements available in the market such as gotu kola, rosemary, vacha, ashwaghanda, bacopa, rhodiola, huperzine-a, ginkgo biloba, tulsi, brahmi, etc. that can be helpful for increasing intellectual focus of nervous system.
Brain Health Supplements Market: Growth Supporting & Restraining Factors
Increasing number of patients with nervous disorders, especially in geriatric population, is a major factor expected to drive growth of the global brain health supplements market. In addition, growing use of natural nootropic herbal medicines such as Vacha – an ayurvedic medicine beneficial for improving memory, thought process, brainpower, and other mental capabilities. This is a major factor expected to drive growth of the global brain health supplements market.
Moreover, docosahexaenoic acid found in Omega-3 fatty acids-based supplements is proved to be healthy for brain cells and helps protect the neurological functions, which is a factor driving growth of the global brain health supplements market.
Furthermore, increasing awareness regarding benefits of healthy brain supplements, and need for brain supplements for individuals with intellectual activities such as studies or work and for aging population, individuals in defense sector, and physical activities wherein highest concentration is a must are factors anticipated to augment market growth. Rising number of initiatives and activities conducted by various healthcare centers to offer understanding about brain supplements and to clear the misunderstandings and to provide brain health supplements to different age groups is anticipated to fuel market growth.
Brain Health Supplements Market: Segment Analysis
By Type:
Among the segments based on type, the natural molecules segment is anticipated to account for substantial revenue share in the global market in terms of value, due to increasing consumption of herb-extracted products as it safe and effective.
By Application:
Among the major six applications, the memory enhancement segment is expected to contribute significant share in terms of value in the target market, due naturally derived brain health supplements protect from memory loss issues and nervousness.
By Sales Channel:
Among the sales channel segments, the drug stores segment is anticipated to account for considerable revenue share in the target market, due to dependency on drug stores for appropriate suggestions about best options among available supplements. The online stores segment is anticipated to grow at the highest CAGR, attributable to increasing preference for online purchasing, ever-inclining adoption of Internet, busy schedules, etc.
Regional Analysis: Brain Health Supplements Market
The North America market is expected to account for significant share in terms of revenue in the target market, due to rising health consciousness, increasing awareness towards brain health supplements among people, easy availability of products via the Internet, and strong presence of large number of companies in the countries such as the US and Canada and other locations. In February 2019 for instance, US-based research company Jone Scientific launched a defence compound – Sophrosyne – using natural and brain boosting ingredients which can be helpful in improving brain functionality, specifically cognition and memory.
The Asia Pacific market is expected to grow at a considerable CAGR, attributed to rapidly spreading knowledge about brain health, and necessity and availability of supplements, and prevalence of neurological disorders, coupled with increasing adoption of brain supplements by elderly population for maintaining healthy brain functionality, and easy availability of O-T-C drugs.
Below are the active patents related to Brain Health Supplements Market.
Patent Number: US8883814B2
Compositions and methods for enhancing brain function
Abstract
Compositions and methods are provided that enhance cognition in a human to which the composition is orally administered. Remarkably, clinical studies have proven that contemplated compositions achieve the desired effects using a minimal number of active ingredients at or near threshold active dosages, wherein such compositions almost exclusively comprise huperzine A, vinpocetine or rhodiola, and acetyl-L-carnitine, and optionally further include alpha lipoic acid, rhodiola, and biotin.
Type: Grant
Filed: 2011-11-30
Date of Patent: 2014-11-11
Assignee : KEYVIEW LABS Inc
Below are the leading companies profiled in this Brain Health Supplements Market Report:
Global Brain Health Supplements Market Segmentation:
Segmentation by Type
- Herbal Extract
- Ginseng
- Ginkgo Biloba
- Curcumin
- Lions Mane
- Bacopa Monnieri
- Vitamins & Minerals
- Vitamins B
- Vitamin C and E
- Natural Molecules
- Acetyl-L-carnitine
- Alpha GPC
- Citicoline
- Docosahexaenoic Acid (DHA)
- Huperzine-A
Segmentation by Application
- Memory Enhancement
- Mood & Depression
- Attention & Focus
- Longevity & Anti-aging
- Sleep & Recovery
- Anxiety
Segmentation by Supplement Form
Segmentation by End User
Segmentation by Sales Channel
- Supermarkets & Hypermarkets
- Drug Stores
- Online Stores
This research comprehensively answers the following 9 important questions:
- Q.1. What are some of the most promising growth trends in the Brain Health Supplements market worldwide?
- Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
- Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
- Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Brain Health Supplements market?
- Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Brain Health Supplements market?
- Q.6.What are the emerging trends post COVID-19 reshuffle in this Brain Health Supplements market and the what are reasons behind these trends and do they translate in global exploration?
- Q.7. Who are the major global and regional players in the Brain Health Supplements market? Which are the strategic initiatives key players are pursuing for business growth?
- Q.8.Which are the competing products in Brain Health Supplements market and how big of a threat do they pose for loss of market share by material or product substitution?
- Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Brain Health Supplements industry?
