$19.73 Billion Global Brain Health Supplement Markets, 2021-2030: Focus on Memory, Mood & Depression, Attention & Concentration, Longevity & Anti-Aging, sleep and recovery and anxiety – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Brain Health Supplements Market by Age Group, Product, Application, Supplement Form and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030” has been added. to from ResearchAndMarkets.com offer.

The Global Brain Health Supplements Market Size was valued at USD 7,653.4 Million in 2020 and is projected to reach USD 19,730.1 Million by 2030, registering a CAGR of 9.9% from 2021 to 2030.

Brain health supplements are used to improve brain functions such as improving memory, stabilizing mood and restoring sleep. Additionally, brain health supplements are used to treat Alzheimer’s disease and dementia. For children, brain health supplements are used to improve memory function.

Brain health supplements include herbal plant extracts, vitamins and minerals, and other natural molecules. Herbal plants such as Ginseng, Ginkgo biloba, Curcumin, Lion’s Mane, and Bacopa monnieri are used for memory enhancement and neuroprotective activities. These herbal herbal extracts are marketed in the form of tablets, capsules and powder.

Factors that are driving the growth of the brain health supplements market include increasing geriatric population, rising prevalence of brain diseases, and increasing healthcare expenditure. For example, according to the Centers for Disease Control And Prevention (CDC), in 2020 it was reported that approximately 5.8 million Americans are diagnosed with Alzheimer’s disease.

Additionally, brain health supplements are not marketed as pharmaceutical drugs but widely available in supermarkets and grocery stores. Rising demand for boosting immunity and increasing number of supermarkets are driving the growth of brain health supplements market.

Based on age group, the market is categorized into children, adults, and seniors. The elderly segment dominated the market in 2020, and this trend is expected to continue over the forecast period, due to the increasing prevalence of brain diseases such as Alzheimer’s dementia among elderly people .

By product, the brain health supplements market is categorized into herbal extract, vitamins & minerals, and natural molecules. The herbal extracts segment dominated the market in 2020, and this trend is expected to continue over the forecast period, owing to the surge in demand for herbal products and increased awareness of herbal supplements. natural health care.

Based on application, the market is categorized into Memory Enhancement, Mood & Depression, Attention & Concentration, Longevity & Anti-Aging, Sleep & Recovery, and Anxiety. The anxiety segment dominated the market in 2020, and this trend is expected to continue over the forecast period, owing to the prevalence of anxiety disorder and increase in sedentary lifestyle.

In supplement form, the market is divided into tablets, capsules and others. The capsule segment dominated the market in 2020, and this trend is expected to continue over the forecast period, owing to the ease of formulation development and advancements in the pharmaceutical sectors to manufacture a safe and effective supplement form. efficient.

According to the sales channel, the brain health supplements market is categorized into supermarkets & hypermarkets, pharmacies, online stores and others. The pharmacy segment dominated the market in 2020, and this trend is expected to continue during the forecast period, due to the increase in the number of pharmacies.

The COVID-19 outbreak is expected to have a positive impact on the growth of the brain health supplements market. The COVID-19 pandemic has strained health systems around the world. The minimal adverse reaction of herbal plants increases people’s adaptation of herbal products. Additionally, the increased consumption of supplement products during the pandemic boosts immunity and improves brain function. Additionally, the online availability of herbal products is helping the market grow.

Main results of the study

  • Based on age group, seniors were the largest contributor to the market in 2020

  • By product, plant extracts segment led the market in 2020

  • Based on applications, the anxiety segment showed the strongest growth in 2020

  • Based on supplement form, capsule segment dominated the market in 2020

  • By sales channel, drug channel segment dominated the market in 2020

  • Based on region, North America generated the highest revenue share in 2020, while Asia-Pacific is expected to grow at the highest CAGR during the forecast period.

  • North America accounted for the majority of the global brain health supplements market share in 2020 and is expected to remain dominant during the forecast period, owing to the increasing prevalence of brain diseases, advancement in R&D activities for herbal supplements and increased adoption of brain health supplement products key players to manufacture brain health supplements, rising incidence of Alzheimer’s disease and increased demand for immunity boosting supplements

KEY MARKET SEGMENTS

By age group

By product

  • plant extract

  • Ginseng

  • Ginkgo biloba

  • Curcumin

  • Lion’s mane

  • Bacopa Monnieri

  • Other plant extracts

  • Vitamins & Minerals

  • Vitamin B

  • Vitamin C and E

  • Other vitamins and minerals

  • Natural molecules

  • Acetyl-L-carnitine

  • GPC Alpha

  • Citicoline

  • Docosahexaenoic acid (DHA)

  • Huperzine-A

  • Other natural molecules

By request

  • Memory improvement

  • mood and depression

  • Attention and concentration

  • Longevity & Anti-Aging

  • Sleep and recovery

  • Anxiety

By supplement form

By sales channel

  • Supermarkets & Hypermarkets

  • Pharmacies

  • Online stores

  • Others

By region

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • The rest of Europe

  • Asia Pacific

  • Japan

  • China

  • Australia

  • India

  • South Korea

  • Rest of Asia-Pacific

  • LAMEA

  • Brazil

  • Saudi Arabia

  • South Africa

  • Rest of LAMEA

KEY MARKET PLAYERS

  • Accelerated Intelligence Inc

  • AlternaScript LLC

  • Natroll, LLC

  • HVMN Inc.

  • KeyView Laboratories, Inc.

  • Liquid Health, Inc.

  • Natural Factors Nutritional Products Ltd.

  • Onnit Labs, LLC

  • Purelife Bioscience Co,Ltd

  • Quincy Bioscience, LLC

For more information about this report visit https://www.researchandmarkets.com/r/y8hncl

Comments are closed.