The global Brain Health Supplements industry size is expected to grow to reach approximately USD 15.75 Billion by 2030 with a CAGR of nearly 8.4% from 2022-2030.
— Sion Market Research
SUITE N202, NEW YORK, USA, Jan 17, 2023 /EINPresswire.com/ — Brain Health Supplements Market by Product (Natural Molecules and Plant Extracts), by Application (Memory Enhancement, Attention and Concentration, Depression and Diet, Sleep and Recovery, Anti-Aging and Longevity, and Stress and Anxiety), and by Region – Global and Regional Industry Overview, Market Insights, Comprehensive Analysis, Historical Data and Forecast 2022-2030
The Global Brain Health Supplements Industry size was nearly $7.69 Billion in 2021 and is expected to reach approximately $15.75 Billion by 2030 at a CAGR of nearly 8.4% between 2022 and 2030.
The massive demand for omega-3 fatty acids, vitamin B, vitamin E, and various other minerals has boosted the popularity of brain health supplements. Moreover, end users are now keen to improve their mental health and well-being, thus creating a huge demand for brain health supplements. Additionally, consumers are more likely to purchase cognitive health products such as brain supplements.
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The growth of the global brain health supplements industry over the forecast period can be attributed to the large scale demand for the product among the millennial population in emerging and developed economies. Growing demand for brain health supplements from the aging population will drive global industry trends. The growing health awareness of the global population will beautify the landscape of the industry.
Nonetheless, strict implementing laws by various governments regarding the consumption of brain health supplements will decimate the expansion of the global brain health supplements industry. Additionally, the huge costs of brain health supplements may inhibit the industry landscape. However, easy access to generic brain health supplements will generate new avenues of growth for the global brain health supplements industry. Moreover, favorable government regulations in countries such as India’s use of generic items will open up new growth dimensions for the global industry.
The global brain health supplements market is segmented into product, application, and region.
Based on product, the global brain health supplements industry is divided into herbal extracts and natural molecules. Furthermore, the natural molecules segment, which contributed the highest market share in 2021, is expected to see massive expansion during the assessment period. The growth of the segment over 2022-2030 is subject to the huge usage of brain supplements comprising of natural constituents by the global population.
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Based on application, the global brain health supplements market is segmented into depression and diet, anti-aging and longevity, sleep and recovery, memory enhancement, attention and concentration, and stress and anxiety. However, the memory enhancement segment, which dominated the global brain health supplements industry share in 2021, is expected to dominate the segmental push in the coming years. The segmental surge may be due to the optimal demand for brain health supplements with the increasing need for RAM for people in adventure sports and part-time jobs. Moreover, rapidly changing lifestyles will increase the popularity of memory enhancement supplements in many areas, thus accelerating segmental expansion.
North America is expected to lead the regional industry growth over the forecasted period owing to rising mental health issues among consumers. Apart from this, mental stress due to uncertainty about the future of the adolescent and youth population in countries like the United States and Canada will increase the consumption of brain health supplements among young people. and the adult population. This, in turn, will drive the expansion of the brain health supplement market in North America.
This review is based on a report by Zion Market Research, titled “Brain Health Supplements Market by Product (Natural Molecules and Herbal Extracts), By Application (Memory Enhancement, Attention and Concentration, Depression and Diet, Sleep and Recovery, Anti-Aging and Longevity, and Stress and Anxiety), and by Region – Global and Regional Industry Overview, Market Insights, Comprehensive Analysis, Historical Data and Forecast 2022 – 2030.” – Report at https: //www.zionmarketresearch.com/report/brain-health-supplements-market
In the first quarter of 2021, Motiva Supplements, a key player in the industry of manufacturing products that help improve the cognitive abilities and memory of individuals, launched the product “Neuro Booster” which can absorb six functional foods and help patients with Alzheimer’s to memory improvement. The initiative will help remarkably account for the expansion of the global brain health supplement industry.
In the first half of 2020, Elysium Health, Inc., a leading US-based dietary supplement manufacturer, collaborated with the University of Oxford to introduce a long-lasting dietary supplement to improve brain health. This decision will help increase the size and revenue of the global brain health supplements market.
Key participants profiled in the global brain health supplements industry include:
Teva Pharmaceutical Industries Ltd.
Purelife Bioscience Co. Ltd.
Peak Nootropics LLC
Natural Factors Nutritional Products Ltd.
Onnit Labs Inc.
Reckitt Benckiser Group plc.Z
The Global Brain Health Supplements Market is segmented as follows:
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Attention and concentration
Depression and diet
Sleep and recovery
Anti-Aging & Longevity
Stress and anxiety
The rest of Europe
South East Asia
Rest of Asia-Pacific
Rest of Latin America
Middle East and Africa
Rest of the Middle East and Africa
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