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 AnalysisThe 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 TakeawaysThe 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 AnalysisNorth 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.
Read More:
https://www.marketwebjournal.com/brain-health-supplements-market-growth-analysis-and-forecast/
