Global Brain Health Supplement Industry is expected to reach a market size of ~US$ 15 billion by 2028: Ken Research

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What is the Size of Global Brain Health Supplement Industry?

Global Brain Health Supplement market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Brain Health Supplement Market is largely driven by rise in R&D activity in herbal ingredients. The rise in R&D activity in herbal ingredients is the key driver of the rising demand for brain health supplements worldwide. Organic medicines or supplements have a variety of health advantages. As a result, the market's expansion is impacted by the rise in the number of significant companies creating brain health supplements.

The market for brain health supplements is predicted to be constrained by factors such as consumer misunderstanding of the product's availability, the cost of the supplements, and the fact that people in developing nations do not consider them as an absolute necessity. The market for brain health supplements has grown favorably as a result of the COVID-19 pandemic. The deterioration of mental and emotional conditions has resulted in a rise in demand for such products. Due to the uncertainties surrounding the rising number of COVID-19 cases globally, people are constantly becoming more prepared to spend money on brain supplement products.

Global Brain Health Supplement Market by product

The Global Brain Health Supplement market is segmented by Product into Herbal Extract, Vitamins & Minerals and Natural Molecules. Natural Molecules dominated the market in 2022, due acceptance of brain supplements created with natural and organic ingredients as opposed to supplements made with synthetic ingredients.

This market's expansion is anticipated to be aided by the growing preference for brain supplements manufactured from natural ingredients over synthetic ones. Additionally, businesses are emphasizing the use of natural ingredients in their products. These products' natural components, such as acetyl-L-carnitine, huperzine-A, and omega-3 fatty acids, aid in enhancing attention and reducing stress, anxiety, and depression.

Global Brain Health Supplement Market by Supplement form

The Global Brain Health Supplement Market is segmented by Supplement Form into Tablets, Capsules and Others. The capsule segment dominated the market during 2022, due to the simplicity of formulation development. Due to the simplicity of formulation development and progress in the pharmaceutical industries to produce safe and efficient supplement forms, the capsules segment dominated the market, and this trend is anticipated to persist during the forecast period.

Global Brain Health Supplement Market by application

The Global Brain Health Supplement market is segmented by Application into Memory Enhancement, Attention & Focus, Mood & Depression, Sleep & Recovery, Longevity & Anti-Aging and Stress & Anxiety.

Memory Enhancement segment accounted for the largest market share in 2022, owing to naturally derived brain health supplements preventing anxiety and memory loss concerns. The millennial generation is engaging in a broad range of activities outside their primary occupation, such as adventure sports, social events, and part-time work, which needs them to be intellectually awake throughout the day. Therefore, it is anticipated that changing consumer habits will increase demand for such products.

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Global Brain Health Supplement Market by age-group

The Global Brain Health Supplement market is segmented by Age-group into Children, Adults and Elderly. Adult’s segment dominated the market during the forecast period due to the rising number of adults who started taking supplements for brain health to maintain normal brain function.

According to U.S. Census Bureau statistics in 2021, there were more than 54 million adults in the country who are 65 years of age or older and accounted for 16.5% of the population of the country. According to the United Nations Population Fund (UNFPA) Asia and the Pacific reported that in 2021 one in four individuals would be older than 60 by 2050. Between 2010 and 2050, the number of senior people (those over 60) in the region will quadruple, growing to around 1.3 billion.

Market Taxonomy

By Product

• Herbal Extract
• Vitamins & Minerals
• Natural Molecules

By Supplement Form

• Tablets
• Capsules
• Others

By Application

• Memory Enhancement
• Attention & Focus
• Mood & Depression
• Sleep & Recovery
• Longevity & Anti-Aging
• Stress & Anxiety

By Age Group

• Children
• Adults
• Elderly

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By Distribution Channel

• Supermarkets & Hypermarkets
• Drug Stores
• Online Stores
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• Europe
• France
• Italy
• Germany
• Spain
• UK
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia Rest of Asia Pacific
• LAMEA
• Latin America
• Middle East
• Africa

Key Players

• Accelerated Intelligence Inc.
• AlternaScript LLC
• Aurobindo Pharma Limited
• HVMN Inc.
• Procera Health / KeyView Labs, Inc.
• Liquid Health, Inc
• Natural Factors Nutritional Products Ltd.
• Onnit Labs, LLC.
• Purelife Bioscience Co, Ltd
• Quincy Bioscience, LLC.

For more insights on the market intelligence, refer to below link:-

Global Brain Health Supplements Market

3 Key Insights on Competitive Landscape in the Global Brain Health Supplements Market: Ken Research

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Regional Players Dominate the Industry Comprising ~40% Share of Total Competitors Despite the Presence of about ~150 Competitors Comprising a Large Number of Country-Niche Players and Global Players, finds a recent market study on the Global Brain Health Supplements Market

Brain health supplements assist improve brain function such as focus, reduce stress, prevent anxiety, dementia, and depression, and improve human memory, encourage good attitudes and thought processes, make people enthusiastic, and improve such key areas of human functioning.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Global Players Constitute ~25% of the Total Number of Competitors, While Regional Players Dominate Representing ~40% of Total Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the Global Brain Health Supplements Market is highly competitive with ~150 players, with their specialization in the development of Brain Health Supplements solutions for a variety of applications, such as Memory Enhancement, Attention & Focus, Mood & Depression, Sleep & Recovery, Longevity & Anti-Aging, Stress & Anxiety, including globally diversified players, regional players, and country-niche players. The majority of the global Brain Health Supplements solution companies, including Accelerated Intelligence Inc., AlternaScript LLC, Aurobindo Pharma Limited, HVMN Inc., Procera Health / KeyView Labs, Inc., Liquid Health, Inc, Natural Factors Nutritional Products Ltd., Onnit Labs, LLC., Purelife Bioscience Co, Ltd, Quincy Bioscience, LLC. maintained their leading positions in the forecast period. The market for brain health supplements is categorized by a growing number of product launches in response to the expanding need for high-quality supplements to promote and maintain brain health, increase memory, and boost brain function.

2. The Ongoing Efforts Of Leading World Specialists To Provide Brain Health Supplements To Multiple Industries Is Likely to Boost the Market.

Detailed comparative analysis of key competitors available within the Research Study shows that specialists players like Accelerated Intelligence Inc., AlternaScript LLC, Procera Health / KeyView Labs, Inc., Liquid Health, Inc, Onnit Labs, LLC., Quincy Bioscience, LLC.are strongly focused on providing important Brain Health Supplements that can be used across various applications, such as Memory Enhancement, Attention & Focus, Mood & Depression, Sleep & Recovery, Longevity & Anti-Aging, Stress & Anxiety. The market is very competitive, and establish a strong position in the market, the leading competitors in it are taking part in various strategic activities like mergers and acquisitions, partnerships, and product launches.

• In May 2021, Intelligent Labs launched SENECA nootropic complex, a mental health supplement.
• In February 2019, Reckitt Benckiser Group plc introduced "Neuriva," a clinically validated brain health supplement based on a proprietary coffee bean extract, to the U.S. market.

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3. Government Initiatives and Development of Businesses to Aid in the Expansion of the Global Market for Brain Health Supplements

• To increase public awareness of dietary supplements, the U.S. Food and Drug Administration (FDA) launched a new education campaign in June 2022 titled Supplement Your Knowledge.
• In June 2021, Motiva Supplements introduced "Neuro Booster," the first-ever clinically validated supplement to aid Alzheimer's sufferers and boost brain health. It promotes increased absorption of six essential functional foods.
• Elysium Health Inc. and the University of Oxford collaborated to produce the Longevity supplement for brain health in June 2020. The "Matter" product contains a formulation of particular B vitamins that have been shown in clinical studies to delay brain atrophy related to age-related memory loss. In order to maximize the effectiveness of the B-vitamin complex, it also contains a powdered omega-3 lysine complex with higher bioavailability, along with an anthocyanin-rich bilberry extract that offers additional cognitive benefits.

For more information on the research report, refer to the below link:-

Global Brain Health Supplements Industry