Size, Reach, Growth, Share, Demand – FortBendNow
According to IMARC Group’s latest report “Brain Health Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global Brain Health Supplements market showed strong growth over the 2015-2020 period. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 7% during the forecast period (2021-2026).
Brain health supplements are natural concentrates and herbal extracts that affect brain function and capacity. They include various nutrients including vitamins, proteins, amino acids, bioflavonoids and minerals extracted from Echinacea, Ginkgo Biloba, Ginseng, Curcumin and Lion’s Mane. Brain health supplements improve and promote memory, attention, alertness, motivation and creativity in healthy people. As a result, these supplements are recommended by medical professionals to effectively treat depression, dementia, sleep, anti-aging, and anxiety. Nowadays, they are available in various forms such as tablets, powder, capsules and soft gel.
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Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
The global brain health supplements market is primarily driven by the growing awareness among individuals regarding brain health and the benefits of high quality, naturally derived dietary supplements. For this reason, several leading manufacturers have launched brain health supplements using organic ingredients, which are grown in the sustainable way. Additionally, the growing demand for memory enhancers and the growing prevalence of neurogenerative disorders and dementia, especially among the geriatric population, has led to the adoption of these supplements. In addition to this, growing health consciousness, increasing healthcare expenditures and easy availability through online and offline retail channels are some of the other factors that are increasing the demand for supplements for the brain health around the world.
Breakdown by product:
- Natural molecules
- plant extract
- Vitamins and minerals
Breakdown by form:
- Tablets and capsules
Breakdown by distribution channel:
- Supermarkets and Hypermarkets
- Online stores
Breakdown by application:
- Memory improvement
- Attention and concentration
- depression and mood
- Sleep and recovery
- Anti-Aging and Longevity
Market Breakdown by Region:
- North America (USA, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, UK, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive landscape with a key player:
- Accelerated Intelligence Inc.
- Aurobindo Pharmacy
- HVMN Inc.
- Liquid Health Inc.
- Natural Factors Nutritional Products Ltd.
- Onnit Labs Inc.
- Purelife Bioscience Co. Ltd.
- Quincy Bioscience LLC
- Reckitt Benckiser Group plc.
- Teva Pharmaceutical Industries Ltd.
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As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as industry consumer behaviors around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
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