The report is titled’ ‘Brain Health Supplements Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the brain health supplement market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The brain health supplements market is expected to grow at a significant rate in the near future.
The brain health supplements market size was valued at US$ 5.1 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.6% from 2020 to 2028.
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Brain Health Supplements Introduction
Brain health supplements are defined as supplements that perform and improve functional activities of the brain such as enhancing memory, reducing anxiety, curing depression, and several others. It is available in two forms, natural and man-made forms. Brain health supplements have also proved beneficial in managing patients suffering from mental disorders such as Alzheimer’s disease, which is majorly detected in the geriatric population.
In addition, the supplements are also consumed by entrepreneurs, sportspersons, and working professionals for boosting their memory capability to combat the existing competition.in addition, brain health supplements comprise antioxidants that protect the body from free radicals, which are capable of damaging cells and causing cancer, Alzheimer’s, and heart disease. This further elevates the demand for these supplements, favoring the market growth.
Brain Health Supplements Market Dynamics
Factors such as the elevating count of the elderly population suffering from Alzheimer’s disease, anxiety, and depression coupled with the rising awareness of natural memory enhancing supplements among consumers are the prime factors responsible for favoring the growth of the brain health supplements market.
Besides, the emerging application of these supplements among students followed by the growing e-commerce activities and online shopping are also acknowledging the demand for brain health supplements; expanding the global market size in the near future.
According to the latest report of the World Health Organization, published in September 2020, unveiled that approximately 50 million people, globally, are suffering from dementia condition, among which nearly 10 million new cases are registered every year. Besides, Alzheimer’s disease is the most common form of dementia contributing to more than 60% of the overall cases.
On the flip side, the lack of improper regulations and poor demand for these supplements from emerging nations serves to be the restraining factors; thereby responsible for minimizing the worldwide share brain health supplements market during the forecast.
At the same pace, the growing adoption of such supplements coupled with the increasing number of business strategies among prominent players to expand their product portfolio or global presence are likely to offer profitable business opportunities shortly.
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Brain Health Supplements Market Segmentation
The global brain health supplements market is segmented on the basis of product type, application, supplement form, age group, distribution channel, and regions.
Based on product type, the brain health supplements market is segmented into herbal extracts, vitamins & minerals, and natural molecules. The herbal extracts segment is further classified into ginseng, ginkgo Biloba, curcumin, lion’s mane, and others; whereas the vitamins & minerals segment is divided into Vitamin B, Vitamin C & E, others. Lastly, the Natural Molecules is fragmented into Acetyl-L-Carnitine, Alpha GPC, Citicoline, Docosahexaenoic Acid (DHA), others consumables & disposables. and others.
On the basis of application, the market is categorized as memory enhancement, mood & depression, attention & focus, longevity & anti-aging, sleep & recovery, and anxiety. The supplement form segment is split into tablets, capsules, and others. The age group segment is classified as geriatric, adults, and pediatrics. Lastly, based on the distribution channel segment, the categories are supermarkets & hypermarkets, drug stores, and online stores.
The research report classifies the global brain health supplements market based on product type, application, supplement form, age group, distribution channel, and regions.
By Product Type
- Herbal Extracts
- Ginseng
- Ginkgo Biloba
- Curcumin
- Lions Mane
- Others
- Vitamins & Minerals
- Vitamin B
- Vitamin C & E
- Others
- Natural Molecules
- Acetyl-L-Carnitine
- Alpha GPC
- Citicoline
- Docosahexaenoic Acid (DHA)
- Others
- By Application
- Memory Enhancement
- Mood & Depression
- Attention & Focus
- Longevity & Anti-aging
- Sleep & Recovery
- Anxiety
By Supplement Form
- Tablets
- Capsules
- Others
By Age Group
- Geriatric
- Adults
- Pediatrics
By Distribution Channel
- Supermarkets & Hypermarkets
- Drug Stores
- Online Stores
By Region
- North America
- Latin America
- Africa
- Europe
- Asia Pacific
- Middle East
Brain Health Supplements Market Key Players
The global Brain Health Supplements market is dominated by AlternaScript, LLC, Accelerated Intelligence Inc., Liquid Health, Inc., HVMN Inc., Natural Factors Nutritional Products Ltd., KeyView Labs, Inc., Onnit Labs, LLC, Purelife Bioscience Co., Ltd., Quincy Bioscience, Cerebral Success, Amway, Puori, Ocean Health, and Schiff.
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