Global Brain Health Supplements Market is valued at USD 6845.7 Million in 2020 and expected to reach USD 11885.3 Million by 2027 with a CAGR of 8.2% over the forecast period.
Global Brain Health Supplements Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Increasing prevalence of mental diseases, rising number of geriatric population and growing awareness about brain health supplements are some of the major factors anticipated to drive the growth the Global Brain Health Supplements Market.
Brain health is a developing and growing concept that includes neural development, plasticity, functioning, and retrieval across the life course. To enhance the brain health, the supplements are working in a positive way of cure. Brain health supplements are dietary supplements enhance with multi-nutrient and minerals which are utilized to stimulate brain chemistry to further develop brain working. Brain health supplements are generally consumed by the old grown-ups and children to reinforce their brain and memory functioning. Brain health supplements are natural mixtures or herbal extracts, which work on the memory, attention, creativity, inspiration, and readiness in healthy individuals. Brain health supplements are valuable for anti-aging, depression, sound sleep, and anxiety.
Dietary enhancements are ordinarily used to further develop brain health. It incorporates nutrients, amino acids, minerals, also as different substances that can be utilized to enhance one's diet. Brain health supplements consistently stay the hottest point for the advertisers of dietary supplements. Many organizations are situating their items in the market based on popularity of ingredients that are performing great in the intellectual health area.
The COVID-19 pandemic has also impacted the growth of global brain health supplements market. The COVID-19 pandemic has caused anxiety, depression, stress, sleep deprivation, and fear. Numbers of peoples are facing troubles in focusing and keeping up with mental health because of the isolation, sorrow, rise of fear, job losses, and financial challenges. Also, the rising risk of COVID-19 infections between geriatric populations can cause anxiety, depression and fear.
For instance; as per the study in Brain, Behaviours, and Immunity Journal of the Psychoneuroimmunology Research Society distributed in May 2020, the pervasiveness of anxiety was 23.2% and predominance of depression was 22.8% between the medical care laborers during the COVID-19 pandemic. Thus, it has increased the demand for brain health supplements however, the disturbed supply chain network affected the market growth.
Key players operating in the global brain health supplements market include Purelife Bioscience Co., Teva Pharmaceutical Industries Ltd., Ltd., Peak Nootropics, AlternaScript, Reckitt Benckiser Group plc, Liquid Health, Inc., HVMN Inc., Natural Factors Nutritional Products Ltd., Quincy Bioscience, Onnit Labs, Inc. and others.
Global brain health supplements market is segmented on the basis of product type, form, age, distribution channel, application and region & country level. On the basis of product type, the brain health supplements market is divided into natural molecules, herbal extract, vitamins & minerals and others. On the basis of form, the market is divided into tablet, capsule and liquid. On the basis of age, the brain health supplements market is divided into children’s, adults and elderly. On the basis of distribution channel, the market is divided into supermarket & hypermarket, drug store, online and other. On the basis of application, the brain health supplements market is divided into memory enhancement, depression & mood, attention & focus, anti-aging & longevity and stress & anxiety.
By Distribution Channel:
The regions covered global brain health supplements Industry report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global brain health supplements market sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, Egypt, UAE) GCC, Africa, etc.
On May 17th, 2021; Vitafusion Gummy Vitamins, America's #1 Gummy Vitamin brand has launched the new Brain Food supplement. It features Phosphatidylserine, Ashwagandha, and B nutrients to assist support brain nourishment, focus and stress. With delightful nutrition for all at the front line of vitafusion's main goal, the gummy supplement intends to take care of the brain by giving key supplements. Proactive brain nourishment is fundamental for comprehensive wellness and health, and a gummy supplement that fuses together ingredients to assist with both focus and stress. vitafusion Brain Food is defined in an incredible tasting ordinary blueberry flavour with no synthetic flavours, high-fructose corn syrup, dairy, gluten, and synthetic (FD&C) colours.
The major factor driving the growth of global brain health supplements Industry is increasing prevalence of mental diseases. Depression is different from normal mood variations and short-lived emotional responses to challenges in ordinary life. Particularly when long-lasting and with reasonable or severe intensity, unhappiness may become a serious mental health disorder. Thus, rising mental diseases may drive the brain health supplements market. For example; as per the Institute of Health Metrics and Evaluation (IHME), and Global Burden of Disease (GBD), in April 2018, around 10.7% that is 792 million of the worldwide populace is assessed to experience from a mental health disorder. Along with these, depression cases were about 264 million and anxiety cases were approximately 284 million of every 2017.
In addition, rising ggeriatric population is also supplementing the Industry growth. As elderly people are more likely to experience mental difficulties like memory loss and other several conditions at the same time which increases the demand of brain health supplements among the old age population. For example; according to the AARP Brain Health and Dietary Supplement Survey, in 2019, over 25% of the U.S. populace in the age group of 50 years or more routinely use supplements for their mind wellbeing. Furthermore, growing awareness about brain health supplements also drives the global brain health supplements market.
Brain health supplements contains nutrients and vitamins advantages which helps in lessening stress, raising focus level, raise state of mind or memory and secure against depression, anxiety and dementia. The present hectic way of life combined with mental stress makes brain health supplement an extraordinary lifestyle product. Hence, awareness among peoples about this supplements increase the demand over the forecast period. For instance; as indicated by United States Government Accountability Office (GAO), an expected 85,000 sorts of dietary supplements items were sold in the United States and more than $40 billion in retail deals, and their deals almost doubled in worth and expanding to $643 million by 2023.
However, the lack of regulations on supplement manufacturing and fake statements about product effectiveness may hamper the global brain health supplements market growth. In spite of that, growing e-commerce industry can provide various opportunities for the further growth of the global brain health supplements market.
North America is expected to dominate the global brain health supplements market due to the growing number of Alzheimer's patients, rising awareness about mental health, highly advanced healthcare infrastructure and presence of key market players in this region. For instance; as per the Alzheimer's Association, starting at 2020, around 5.8 million individuals in the U.S. had Alzheimer's. And, in August 2020, Elysium Health, a U.S. based dietary enhancement firm, dispatched its new brain health supplement, MATTER. The product is created by the scientists of the University of Oxford. This item professes to help in slowing brain atrophy connected with age-related amnesia. Asia Pacific is predicted to witness the fastest development in global brain health supplements market due to the increasing prevalence of mental diseases, growing awareness about mental health and increasing number of players in this region.
The Middle East and Africa
|2015 - 2020
|2021 - 2027
|Market Size in 2020:
|USD 6845.7 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2027:
|USD 11885.3 Million
|Tables, Charts & Figures:
|Purelife Bioscience Co., Teva Pharmaceutical Industries Ltd., Ltd., Peak Nootropics, AlternaScript, Reckitt Benckiser Group plc, Liquid Health, Inc., HVMN Inc., Natural Factors Nutritional Products Ltd., Quincy Bioscience, Onnit Labs, Inc. and others.
|By Type,By Form, By Age, By Distribution Channel, By Application
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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