Global Brain Health Supplements Market to Be Driven by Rising Awareness of the Product During the Forecast Period of 2021-2026 – FortBendNow
Expert Market Research’s new report titled ‘Global Brain Health Supplements Market Size, Share, Price, Trends, Growth, Outlook, Report and Forecast 2021-2026’, gives an in-depth analysis of the global brain health supplements market. Brain Health Supplements, assessing the market based on its segments such as products, supplement forms, age groups, distribution channels, applications, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click request a sample report. The sample report will be delivered to you within 24 hours.
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Key highlights of the report include:
Market Overview (2016-2026)
• Historical market size (2020): 5.4 billion USD
• Forecast CAGR (2021-2026): 8%
• Projected market size (2026): 8.7 billion USD
The Asia-Pacific region is expected to be a major market for brain health supplements. This could be attributed to the growing regional demand for the product, especially among the two demographic groups: the elderly and the young. India and China are the main contributors to the growth of the booming market in the region, and they are expected to remain the major markets for the regional industry during the forecast period.
Meanwhile, North America, along with Europe, is also expected to be an important regional market for brain health supplements. Increased public awareness of healthy lifestyle along with availability of brain fitness centers, brain fitness programs and brain fitness classes is driving the growth of the market in North America.
Industry definition and major segments
Brain health supplements include vitamins and nutritional benefits that help reduce stress, increase concentration levels, protect against anxiety, depression and dementia, and improve mood or memory. Brain health supplements come in a variety of forms, including tablets, capsules, powders, and more.
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By Product, the market is segmented into:
• Vitamins and minerals
• Plant extract
• Natural molecules
Based on the supplement form, the industry is divided into:
Based on age group, the industry is segmented into:
By distribution channel, the market is divided into:
• Supermarket and hypermarket
• In line
Based on application, the industry is categorized into:
• Depression and mood
• Anti-Aging and Longevity
• Improved memory
• Sleep and recovery
• Attention and focus
Regional markets for the product include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
People’s busy lifestyles along with mental stress caused by various factors such as financial or family issues are driving the growth of the brain health supplements market. The convenient availability of the product in the local pharmacy helps in the growth of the market. As a result, the proliferation of drugstores is driving the market for brain health supplements. Moreover, during the forecast period, the online sales channel is expected to expand at an exponential rate, accelerating the growth of the market. The increasing use of the Internet and the growing concern for convenience among consumers around the world is further fueling online sales of brain health supplements.
Main market players
Major market players are Accelerated Intelligence Inc., Purelife Bioscience Co., Ltd., AlternaScript LLC, Liquid Health, Inc., and Quincy Bioscience, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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