Brain Health Supplement Market Insights 2030:
The global brain health supplements market size was valued at $7,653.4 million in 2020, and is projected to reach $19,730.1 million by 2030, registering a CAGR of 9.9% from 2021 to 2030. Brain health supplements are natural compounds having beneficial effects on brain. These supplements are herbal extracts offered in the form of capsules, tablets, and powders, which improve memory, creativity, attention, motivation, and alertness in healthy individuals. The herbal plants such as Bacopa monniera and Withania somnifera are proven to exhibit brain enhancement property. In addition, vitamin B and C are beneficial for brain & nerve health.
The growth of the global brain health supplements market is majorly driven by increase in R&D activities in herbal constituents. Herbal drugs are being evaluated for their medicinal benefits and possible pharmaceutical applications. In addition, increase in number of key players manufacturing brain health supplements product contributes toward the growth of market.
Moreover, increase in prevalence of brain diseases such as dementia, alzhiemers, and brain cancer is anticipated to contribute toward the growth of the market. For instance, as per the data published by the World Health Organization (WHO), in September 2021, it was reported that approximately 55 million people diagnosed with dementia worldwide, and there are nearly 10 million new cases every year.
Furthermore, increase in geriatric population drives the growth of brain health supplement market. This is attributed to the fact that Alzheimer’s and dementia are highly prevalent among elderly individuals. For instance, as per the Population Reference Bureau report, “Aging in the United States,” dated July 15, 2019, number of Americans aged 65 and older is projected to increase more than double from 52 million in 2018 to over 95 million by 2060, and is expected to rise to around 23% from 16%. However, poor awareness about brain health products impedes the growth of this market.
Global Brain Health Suppliment Market Segmentation
The brain health supplement market is segmented into age group, product, application, supplement form, sales channel, and region. Depending on age group, the market is classified into children, adults, and elderly.
By product, the market is mainly categorized into herbal extract, vitamins & minerals, and natural molecules. The herbal extract segment is further classified into Ginseng, Ginkgo biloba, Curcumin, Lions mane, Bacopa monnieri, and other herbal extracts.
By Product Type
Natural Molecules segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.
The vitamins & minerals segment is subsegmented into vitamin B, vitamin C & E, and other vitamins & minerals The natural molecules segment is subcategorized into acetyl-l-carnitine, alpha GPC, citicoline, docosahexaenoic acid (DHA), huperzine-A, and other natural molecules.
On the basis of application, the brain health supplements market is segregated into memory enhancement, mood & depression, attention & focus, longevity & anti-aging, sleep & recovery, and anxiety. By supplement form, the market is fragmented into tablets, capsules, and others. As per sales channel, it is categorized in supermarkets & hypermarkets, drug stores, online stores, and others.
By Supplement Form
Capsules segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.
Region wise, the brain health supplement market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Arabia, South Africa, and LAMEA).
Segment Review
Depending on age group, the elderly segment dominated the brain health supplement market in 2020, and this trend is expected to continue during the forecast period, owing to increase in prevalence of brain diseases in aged individuals. However, the adults segment is expected to witness considerable growth during the forecast period, due to rise in stress & anxiety in adults and increase in sedentary lifestyle.
By Application
Memory Enhancement was holding a dominant position in 2020 and would continue to maintain the lead over the analysis period.
By Product
By product, The herbal extract segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to surge in demand for herbal products. However, the vitamins & minerals segment is expected to witness considerable growth during the forecast period, due to increase in awareness about healthcare product in peoples.
By Application
On the basis of application, the anxiety segment dominated the brain health supplements market in 2020, and this trend is expected to continue during the forecast period, owing to increase in prevalence of anxiety disorder. However, the sleep & recovery segment is expected to witness considerable growth during the forecast period, due to increase in stressful lifestyle of people.
By Age Group
Adults was holding a dominant position in 2020 and would continue to maintain the lead over the analysis period.
By Supplement Form
By supplement form, the capsules segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to ease of formulation development. However, the tablets segment is expected to witness considerable growth during the forecast period, due to increase in ease of administration of tablet by consumer.
As per sales channel, the drug stores segment dominated the brain health supplement market in 2020, and this trend is expected to continue during the forecast period, owing to increase in number of drug stores and initiative taken by government organization for development of drug stores. However, the online stores segment is expected to witness considerable growth during the forecast period, due to rise in number of internet users and advancement in technology in healthcare sectors.
By Sale Channel
Supermarkets And Hypermarkets was holding a dominant position in 2020 and would continue to maintain the lead over the analysis period.
By Region
Region wise, North America garnered the major share in the brain health supplement market in 2020, and is expected to dominate the global market during the forecast period, owing to rise in prevalence of brain diseases, increase in awareness about neural diseases, and well-established healthcare infrastructure in the region. However, Asia-Pacific is expected to register the highest CAGR of 10.8% from 2021 to 2030, owing to increase in healthcare expenditure of peoples, rise in incidence of chronic disease, availability of herbal plants, and increase in population.
The key players operating in the global brain health supplements market include Accelerated Intelligence Inc., AlternaScript LLC, Natroll LLC, HVMN Inc., KeyView Labs, Inc., Liquid Health, Inc., Natural Factors Nutritional Products Ltd., Onnit Labs, LLC., Purelife Bioscience Co., Ltd., and Quincy Bioscience, LLC.
By Region
North America was holding a dominant position in 2020 and would continue to maintain the lead over the analysis period.
Key Benefits For Stakeholders
- The report provides an in-depth analysis of the global brain health supplement market size along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers brain health supplement market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
- A comprehensive analysis of the region assists to understand the regional market and facilitate strategic business planning and determine prevailing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global brain health supplements market growth.
Brain Health Supplements Market Report Highlights
| Aspects | Details |
 By Product |
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 By Application |
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 By Supplement Form |
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 By Age Group |
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 By Sales Channel |
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 By Region |
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 Key Market Players | Aurobindo Pharma Limited (Natroll, LLC), Onnit Labs, LLC., KeyView Labs, Inc., AlternaScript LLC, Accelerated Intelligence Inc., Purelife Bioscience Co., Ltd., Natural Factors Nutritional Products Ltd., HVMN Inc., Liquid Health, Inc., Quincy Bioscience, LLC. |
Analyst Review
According to the Analyst’s perspective, the utilization of cerebral palsy treatment is projected to witness a significant rise with growth in number of cerebral palsy patients across the globe. It is expected to witness high demand for the medications, owing to rise in cases of cerebral palsy patients. The cerebral palsy treatments are getting better and more advanced than its predecessors, owing to rising activities in the R&D segments of the key players. The cerebral palsy treatment market has gained momentum in the research, innovation, and development sectors, owing to surge in the number of cerebral palsy across the globe, significant technological advancements, and surge in the product launches, business expansions & FDA approvals among manufacturing companies and other organizations. In addition, rise in awareness regarding the cerebral palsy treatments and its advantages supplement the market growth. North America is expected to present lucrative growth opportunities to the key players in the industry.
The demand of chronic kidney diseases has increased significantly due to rising cases of patients. Moreover, the introduction of novel drugs and improvements in the existing products are propelling the market growth. However, side effects associated with the drugs are proving a big challenge for the global market. According to the Analyst, the utilization of cerebral palsy treatment is higher in hospitals as compared to other distribution channels. In addition, cerebral palsy medication manufacturers, developers, and distributors have focused on expanding their presence in emerging economies to expand their market outreach.
The total market value of brain health supplements market is $7,653.4 million in 2020.
The forecast period in the report is from 2021 to 2030
The base year for the report is 2020.
The market value of Global Cerebral Palsy Treatment Market in 2030 is $4,365.01 million.
Yes, brain health supplement companies are profiled in the report
The top companies that hold the market share in brain health supplements market are Accelerated Intelligence Inc., AlternaScript LLC, Natroll LLC, HVMN Inc., KeyView Labs, Inc., Liquid Health, Inc., Natural Factors Nutritional Products Ltd., Onnit Labs, LLC., Purelife Bioscience Co., Ltd. and Quincy Bioscience, LLC
Asia-Pacific is expected to register the highest CAGR of 10.8% from 2021 to 2030, owing to increase in number of geriatric population, and prevalence of brain diseases.
The key trends in the brain health supplements market are by an increase in the prevalence of alzheimers; rise in number of geriatric population; and increase in stressfull lifestyle of peoples.
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