Polaris Market Research recently published a research report on “Brain Health Supplements Market Share, Size, Trends, Industry Analysis Report, By Product (Natural Molecules, Herbal Extract, Vitamins & Minerals); By Application; By Region; Segment Forecast, 2022 – 2030” in its research database.
According to the research report, the global brain health supplements market size & share was valued at USD 7.59 Billion in 2021 and is expected to touch USD 14.75 Billion By 2030, growing at a CAGR of 8.2% during the forecast period.
What are Brain Health Supplements? How Big is Brain Health Supplements Market Growth?
Brain health supplements are organic compounds that provide positive effects on the brain. These supplements are available in the form of herbal solutions such as capsules, tablets, and powders. Benefits provided by these supplements include enhanced memory, creativity, attention, motivation, and alertness in individuals. Other supplements such as omega-3s, vitamin D, rhodiola, B12, and saffron are found to be helpful for reducing depression, insomnia, anti-aging, and anxiety.
The recent outbreak of the COVID-19 pandemic positively affected the growth of the brain health supplements market. Such products gained high demand due to the negative effects spread by the pandemic, like weak mental and emotional health. Also, the growing adoption of these supplements among the millennials and elderly population in the United States is expected to rise during the forecast period. Growing awareness and health consciousness among the American people are the major factors contributing to the surge in the adoption of these supplements.
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Key Pointers of the Sample Report:
- Over +110 pages of the report
- Covering market size, share, growth, trends, and regional analysis
- Top key player’s analysis
- Key market driving factors and growth opportunities and challenges
- Current and past trends in the global and regional market
- Polaris Market Research updated methodology
- COVID-19 pre and post-business impact analysis
Some of the Top Companies Profiles Covered in this Report Are:
- Accelerated Intelligence Inc
- AlternaScript LLC
- Aurobindo Pharma Limited (Natroll LLC)
- HVMN Inc
- Intelligent Labs
- KeyView Labs Inc
- Liquid Health Inc
- Natural Factors Nutritional Products Ltd
- NOW Foods
- Onnit Labs LLC
- Peak Nootropics
- Purelife Bioscience Co. Ltd
- Quincy Bioscience LLC
- Reckitt Benckiser Group plc
- Teva Pharmaceutical Industries Ltd
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Brain Health Supplements Market: Growth Drivers
The rising prevalence of Major Depressive Disorder (MDD) among adults in the U.S. is the major factor fueling the demand for brain health supplements. According to the report by the National Institute of Mental Health, MDD affected 9.6% of females and 6.0% of males in 2019. The U.S. National Library of Medicine reported in April 2020 that dietary supplements, including minerals, vitamins, and herbal ingredients consumed by nearly 75% of the adult population in the U.S. to enhance brain health, energy, and performance. These factors are anticipated to propel the growth of the brain health supplements market.
Moreover, growing R&D activities in herbal constituents are positively influencing the market’s growth. A surge in the number of major players developing health supplement products creates growth opportunities in the brain health supplements market. Increasing cases of brain diseases such as Alzheimer’s, dementia, and brain tumors are further likely to boost the growth of this market. In addition, the rise in the senior population promotes the growth of the brain health supplement market.
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Geographic Overview: Brain Health Supplements Market
Depending on geography, North America accounted for the largest revenue share in 2021 and is expected to dominate the market over the forecast period. There is high demand for these supplements in the region due to the growing cases of diseases related to mental health. Also, a surge in the prevalence of brain diseases, a rise in awareness about neural diseases, and the well-established healthcare infrastructure in the region have led to an increase in the market demand for brain health supplements in the U.S. These trends in brain health supplements market expected to propel the industry growth.
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Report Analysis by key Segmentation
- Insight by product
Based on product, the market is segmented into natural molecules, herbal extracts, and vitamins and minerals. The natural molecule segment held the highest share in 2021 in the brain health supplements market owing to the increasing adoption of brain supplements as well as natural and organic components instead of synthetic supplements.
- Insight by Application
Based on application, memory enhancement witnessed the largest market share in 2021 and is expected to continue its dominance over the forecast period. The changing lifestyles of the people are one of the key factors driving the segment’s growth. According to the estimates, younger adults are more engaged in things like adventure sports, part-time jobs, and social gatherings.
Market Report Scope
|Market Outlook for 2030||USD 14.75 Billion|
|Market Size 2021 Value||USD 7.59 Billion|
|Expected CAGR Growth||8.2% from 2022 – 2030|
|Forecast Year||2022 – 2030|
|Top Market Players||Accelerated Intelligence Inc, AlternaScript LLC, Aurobindo Pharma Limited (Natroll, LLC), HVMN Inc, Intelligent Labs, KeyView Labs, Inc, Liquid Health, Inc, Natural Factors Nutritional Products Ltd, NOW Foods, Onnit Labs, LLC, Peak Nootropics, Purelife Bioscience Co., Ltd, Quincy Bioscience, LLC, Reckitt Benckiser Group plc, and Teva Pharmaceutical Industries Ltd.|
|Segments Covered||By Technology, By Device, By Application, By Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America; Middle East & Africa|
|Customization Options||Customized purchase options are available to meet your research needs. Explore customized purchase options|
Also Read Press Release: Brain Health Supplements Market Size Worth $14.75 Billion By 2030 | CAGR: 8.2%
- In June 2021, Motiva Supplements unveiled – ‘Neuro Booster,’ which offers key nutrients and vitamins to help improve immunity, brain, and memory in an easy-to-digest powder formulation.
- In February 2019, Reckitt Benckiser Group plc. launched a clinically proven ‘Neuriva’ brain health supplement in the U.S. market, which is based on a patented coffee bean extract. The company produced a mobile app to provide this supplement with personalized and customized brain training programs.
Browse the Detail Report “Brain Health Supplements Market Share, Size, Trends, Industry Analysis Report, By Product (Natural Molecules, Herbal Extract, Vitamins & Minerals); By Application; By Region; Segment Forecast, 2022 – 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/brain-health-supplements-market
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Polaris Market Research has segmented the brain health supplements market report based on product, application, and region:
Brain Health Supplements Market: By Product Outlook
- Natural Molecules
- Herbal Extract
- Vitamins and Minerals
Brain Health Supplements Market: By Application Outlook
- Memory Enhancement
- Attention & Focus
- Depression & Mood
- Sleep and Recovery
- Anti-aging & Longevity
- Stress & Anxiety
Brain Health Supplements Market: By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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