Brain Health Supplements and Cognition Boosters is Fastest Growing Segment Fueling Growth of Brain Health Supplements Market
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| Brain Health Supplements Market |
The global Brain Health Supplements Market is estimated to be valued at US$ 9.0 Bn in 2023 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Brain health supplements refer to dietary supplements that are intended to
enhance brain health and cognitive function such as memory, focus, creativity
and decision making. Popular brain health supplements in the market include
fish oil, omega-3 fatty acids, Vitamin B, Vitamin D, herbal extracts and
others. These supplements help enhance memory and focus while reducing symptoms
of depression, anxiety and stress.
Market key trends:
One of the key trends in the brain health supplements market is the growing
demand for cognition boosters. Cognition boosters are a type of nootropic
supplement designed to improve cognitive functions like memory, focus,
motivation, and creativity. Many cognition boosters contain active ingredients
like caffeine, L-theanine, Bacopa monnieri, phosphatidylserine and others that
have neuroprotective properties. The increasing awareness regarding cognitive
decline and age-related memory issues has fueled the demand for cognition
boosters. Moreover, the busy lifestyle and high stress levels have prompted
many individuals to consume cognition boosters to maintain good brain health.
Here is the segment analysis and key takeaways for the given Brain Health
Supplements Market:
Segment Analysis
The global brain health supplements market is segmented based on product type,
application, and distribution channel. Based on product type, the market is
divided into herbal extracts, vitamin & mineral supplements, and natural
molecules. Among these, the vitamin & mineral supplements segment dominates
the market as they are widely taken by consumers for brain health benefits.
Vitamin B and vitamin D supplements have shown positive effects on brain health
and cognition.
Key Takeaways
The
Global Brain Health Supplements Market Demand is expected to witness high
growth, exhibiting a CAGR of 8.5%
over the forecast period, due to increasing awareness about brain health and
cognitive decline.
Regional Analysis
North America dominates the global market currently, owing to the presence of
major players and higher awareness levels regarding cognitive well-being in the
region. Asia Pacific is expected to be the fastest growing market for brain
health supplements during the forecast period due to the rising geriatric
population in countries like China and India.
Key Players
Key players operating in the brain health supplements market are Alternascript,
Accelerated Intelligence, Liquid Health, Health Via Modern Nutrition Inc.,
Natural Factors USA, Onnit Labs, Inc., Purelife bioscience Co., Ltd., Quincy
Bioscience – The Makers of Prevagen, Cerebral success, Amway Corp., Puori,
Ocean Health Pte Ltd., and Schiff. The market is highly competitive with these
key players adopting strategies such as new product launches, mergers, and
acquisitions to gain a competitive advantage.
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