Dublin, Jan. 12, 2023 (GLOBE NEWSWIRE) — The “Brain Health Supplements Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” the report has been added to ResearchAndMarkets.com’s The offer of
The brain health supplement market is projected to grow as the aging population grows and combats neurological disorders. The Brain Health Supplements Market is expected to grow at a CAGR of 10% from 2022 – 2030.
Brain health supplements are used to enhance memory, attention, mood, creativity, motivation in healthy individuals. Increasing awareness among college students, scientists, entrepreneurs and investment bankers are choosing memory boosters to sharpen their minds to gain a competitive edge. Brain health supplements are not new, they have been used since the 70s.
Brain health supplements industries are anticipated to show significant market growth during the forecast period. The major factors helping to grow the brain health supplements market are the strong desire to improve brain function in the adult population, population growth, increasing number of self-directed consumption and high penetration of promotional activities. carried out by the main players.
Alpha GPC has the largest share of the market
There are several ingredients used worldwide to improve brain function such as Acetyl-L-Carnitine, Ginkgo, Ginseng, Alpha GPC, BacopaMonnieri, DHA and Tryptopha. It is noted that Alpha GPC containing brain health supplements have the largest share of the market.
Followed by Acetyl – L-Carnitine precursor to acetylcholine) and DHA (omega-3 form). BacopaMonnieri containing brain health supplements is projected to be the fastest growing market among all with CAGR of 21.4% for the forecast period 2022-2030.
The Memory Enhancement segment is expected to maintain its dominance during the forecast period
For the purpose of this study, the main applications of brain health supplements are improving memory, mood and depression, attention and focus, longevity and anti-aging, sleep recovery, and improving dreams and anxiety. In the base year 2021, the memory upgrade segment was observed to be the largest segment and is anticipated to maintain its lead during the forecast period 2022 – 2030.
Key factors helping to grow the memory enhancement segment include increasing awareness regarding the benefits mainly in college students, scientists, entrepreneurs and investment bankers are opting for memory enhancers to sharpen their minds to gain an edge in competition.
Online stores held the largest market share in the global brain health supplements market
Online stores held the largest market share in the global brain health supplements market due to availability of wide variety of products as compared to supermarkets/hypermarkets and drug stores. Variety in price points, private labels, product introductions, wide range of products and discounts offered have increased the popularity of online stores.
Moreover, the frequency of online searches has increased significantly in the last two years, creating greater business opportunities for the market. Increasing number of supermarkets and hypermarkets in developing countries, food manufacturers are targeting supermarkets and hypermarkets to reach the mass would help the supermarket/hypermarkets segment to grow at a steady pace during the forecast period.
Asia Pacific is expected to project the highest growth
North America is the largest regional market for brain health supplements accounting for more than 54.8% market share in 2021. The strong desire to improve brain function among the adult population, the number of large baby boom population and easy availability of quality products fueling market growth in North America.
However, Europe is expected to be the second largest regional market for brain health supplements, the growth being mainly driven by the old and young population. Asia Pacific is expected to project the highest growth throughout the forecast period due to populous countries, increasing foreign investment in collaboration with domestic players, economic development and increasing consumer awareness in the upper-middle income segment.
Market segmentation
Type of ingredient
- Acetyl-L-Carnitine
- Ginko
- Ginseng
- Alpha GPC
- Bacopa Monnieri
- Docosahexaenoic acid
- Tryptophan
- Others
Applications
- Memory enhancement
- Mood and Depression
- Attention and focus
- Longevity and anti-aging
- Sleep, recovery and dream enhancement
- nightmarish
Sales channel
- Supermarkets and hypermarkets
- drugstore
- Online Stores
Main topics covered:
1. Introduction
2. Executive summary
3. Brain Health Supplements Market: Competitive Analysis
4. Brain Health Supplements Market: Macro Analysis and Market Dynamics
5. Brain Health Supplements Market: By Ingredient Type, 2020-2030, USD (Million)
6. Brain Health Supplements Market: By Application, 2020-2030, USD (Million)
7. Brain Health Supplements Market: By Sales Channel, 2020-2030, USD (Million)
8. North America Brain Health Supplements Market, 2020-2030, USD (Million)
9. UK and EU Brain Health Supplements Market, 2020-2030, USD (Million)
10. Asia Pacific Brain Health Supplements Market, 2020-2030, USD (Million)
11. Latin America Brain Health Supplements Market, 2020-2030, USD (Million)
12. Middle East and Africa Brain Health Supplements Market, 2020-2030, USD (Million)
13. Company Profile
The companies mentioned
- Teva Pharmaceutical Industries Ltd.
- Purelife Bioscience Co. Ltd.
- Quincy Bioscience LLC.
- Natural Factors Nutritional Products Ltd.
- Liquid Health Inc.
- HVMN Inc.
- Peak Nootropics
- AlternaScript LLC
- Nootrico
- SupNootropic Biological Technology Co Ltd
- Accelerated Intelligence Inc
- Onnit Labs LLC
- Powder City LLC
- Ceretropic
- The nootropic source
- Clarity Nootropics
- Lift mode
- Natural Factors Inc
- OptiMind
- Aurobindo Pharma Limited (Natroll LLC)
- KeyView Labs Inc.
- Reckitt Benckiser Group plc.
For more information about this report visit https://www.researchandmarkets.com/r/7pxy2o
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