Brain Health Supplements Market Introduction and Overview
According to SPER Market Research, the Global Brain Health Supplements Market is estimated to reach USD 17.41 billion by 2032 with a CAGR of 8.53%.
The report includes an in-depth analysis of the Global Brain Health Supplements market, including market size and trends, product mix, distribution channels, and supplier analysis. Brain health supplements are dietary supplements that are intended to promote and improve cognitive performance and general brain health. These supplements frequently include a range of vitamins, minerals, herbs, and other chemicals that are said to improve mental clarity, memory, attention, and alertness. Omega-3 fatty acids, antioxidants like vitamins C and E, and herbal extracts like ginkgo biloba and bacopa monnieri are common constituents in brain health supplements.
- Motiva Supplements introduced 'Neuro Booster' in 2021. This increases absorption of six important functional foods and is the first clinically validated product to promote brain health and treat Alzheimer's sufferers.
- In 2020, Elysium Health, Inc. worked with the University of Oxford and released Longevity supplement for brain health. The product is a combination of certain B vitamins that have been clinically proven to assess brain atrophy linked with age-related memory decline. It also contains a powdered omega-3 lysine combination with increased bioavailability to help the B-vitamin complex work better.
Market Opportunities and Challenges
The increasing number of product releases and other developments by major market players creates a plethora of new opportunities for businesses. Reckitt Benckiser Group plc, for example, announced a clinically validated brain health supplement called 'Neuriva' in the US market in February 2019. This brain health supplement is based on a proprietary coffee bean extract. Furthermore, the company has developed a mobile app to supplement the brain health supplement with personalised brain training exercises.
Some of the main challenges that are predicted to limit the growth of the brain health supplements market include a lack of customer awareness about product availability. Furthermore, these products are expensive, and people in developing countries do not consider them essential. Furthermore, many people recognize it as a product with a number of adverse effects, which causes individuals all over the world to be afraid to purchase brain health pills.
Market Competitive Landscape
The competitive landscape of the Brain Health Supplements market is defined by a dynamic and continuously expanding sector driven by rising cognitive health awareness and an aging population. Numerous organizations, ranging from established pharmaceutical behemoths to new startups, are fighting for a piece of this rapidly growing industry. Key firms such as Nutrafol, Onnit Labs, HVMN, and Nature's Bounty provide a diverse range of brain health supplements, including nootropics, vitamins, and herbal extracts, to meet the needs of a wide range of consumers.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Age Group, By Product, By Supplement Form, By Application, By Sales Channel |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
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| Companies Covered | Adisseo, ADM, AlternaScript, BASF SE, BTSA Biotechnologias Aplicadas S.L., DSM, Farbest Brands, Glanbia PLC, HVMN Inc., Intelligent Labs, Lonza Group, Natural Factors Nutritional Products Ltd., NOW Foods, Onnit Labs, Inc., Peak Nootropics, Purelife Bioscience Co., Ltd., Rabar Pty Ltd., Reckitt Benckiser Group PLC., SternVitamin GmbH & Co. KG, Teva Pharmaceutical Industries Ltd |
COVID-19 Impact on Global Brain Health Supplements Market
The COVID-19 epidemic has had a significant impact on the market for Brain Health Supplements. There was an initial rise in demand for brain health supplements as people sought ways to enhance their cognitive function during the pandemic's stress and uncertainty. This increasing awareness of mental health and the importance of cognitive health resulted in increased sales of nootropics, vitamins, and herbal supplements. Furthermore, the transition to remote work and online learning caused many people to look for ways to improve their focus, memory, and overall brain function.
However, the epidemic also presented market hurdles. Certain mental health supplements were unavailable due to supply chain interruptions and production delays, resulting in periodic shortages and price changes.
Scope of the report:
Key Target Audience
- Aging Population
- Students and Young Professionals
- Stress and Anxiety Sufferers
- Athletes and Fitness Enthusiasts
- Health-Conscious Consumers
- Others
Our in-depth analysis of the Brain Health Supplements Market includes the following segments:
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By Age Group
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Adults
Elderly
Kids
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By Product
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Herbal Extracts
Vitamins and Minerals
Natural Molecules
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By Supplement Form
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Capsules
Tablets
Others
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By Application
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Anxiety
Attention and Focus
Longevity and Anti-aging
Memory Enhancement
Mood and Depression
Sleep and Recovery
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By Sales Channel
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Drug Stores
Online Stores
Others
Supermarkets and Hypermarkets
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Key Topics Covered in the Report
- Global Brain Health Supplements Market Size (FY’2022-FY’2032)
- Overview of Global Brain Health Supplements Market
- Segmentation of Global Brain Health Supplements Market By Age Group (Adults, Elderly and Kids)
- Segmentation of Global Brain Health Supplements Market By Product (Herbal Extracts, Vitamins and Minerals, Natural Molecules)
- Segmentation of Global Brain Health Supplements Market By Supplement Form (Capsules, Tablets, Others)
- Segmentation of Global Brain Health Supplements Market By Application (Anxiety, Attention and Focus, Longevity and Anti-aging, Memory Enhancement, Mood and Depression, Sleep and Recovery)
- Segmentation of Global Brain Health Supplements Market By Sales Channel (Drug Stores, Online Stores, Supermarkets and Hypermarkets)
- Statistical Snap of Global Brain Health Supplements Market
- Expansion Analysis of Global Brain Health Supplements Market
- Problems and Obstacles in Global Brain Health Supplements Market
- Competitive Landscape in the Global Brain Health Supplements Market
- Impact of COVID-19 and Demonetization on Global Brain Health Supplements Market
- Details on Current Investment in Global Brain Health Supplements Market
- Competitive Analysis of Global Brain Health Supplements Market
- Prominent Players in the Global Brain Health Supplements Market
- SWOT Analysis of Global Brain Health Supplements Market
- Global Brain Health Supplements Market Future Outlook and Projections (FY’2022-FY’2032)
- Recommendations from Analyst