Global Brain Health Supplements Market, By Product (Herbal Extracts, Vitamins and Minerals, Natural Molecules), Application (Memory Enhancement, Mood and Depression, Attention and Focus, Longevity and Anti-aging, Sleep and Recovery and Anxiety), Supplement Form (Tablets, Capsules and Others), Age Group (Children, Adults and Elderly), Sale Channel (Supermarkets and Hypermarkets, Drug Stores, Online Stores and others) – Industry Trends and Forecast to 2030.
Brain Health Supplements Market Analysis and Size
As per the report which has published by the World Health Organization (WHO), around 280 million people suffer from depression in 2021 globally. Similarly, according to the Anxiety & Depression Association of America, the Major Depression Disorder (MDD) affected approximately 6.7% of the U.S. population aged above 18 and more than 16.1 million U.S. adults in 2020. Brain health supplements have gained huge popularity as antidepressants globally among consumers, likely enhancing market growth during the forecast period.
Data Bridge Market Research analyses that the brain health supplements market is expected to reach USD 18760.09 million by 2030, which is USD 8501.24 million in 2022, registering a CAGR of 10.40% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Brain Health Supplements Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Herbal Extracts, Vitamins and Minerals, Natural Molecules), Application (Memory Enhancement, Mood and Depression, Attention and Focus, Longevity and Anti-aging, Sleep and Recovery and Anxiety), Supplement Form (Tablets, Capsules and Others), Age Group (Children, Adults and Elderly), Sale Channel (Supermarkets and Hypermarkets, Drug Stores, Online Stores and others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (U.S.), Farbest Brands (U.S.), SternVitamin GmbH & Co. K.G. (Germany), Adisseo (France), BTSA Biotechnologias Aplicadas S.L. (Spain) and Rabar Pty Ltd (Australia)
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Market Opportunities
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Market Definition
Brain health supplements are natural compounds that positively affect the brain. These herbal extracts are available in the form of tablets, capsules, and powders that aid healthy people to improve their attention, motivation, memory, creativity and alertness. Herbal plants such as withania somnifera and bacopa monniera have been shown to improve the function of brain. Moreover, vitamins B and C are useful to nerve and brain health.
Brain Health Supplements Market Dynamics
Drivers
- Surging marketing strategies and endorsements
Some factors which are influencing consumers' purchasing decisions are product safety, brand name and nutritional value. Increasing wariness regarding the benefits of brain health-based supplements through numerous forms of media, comprising electronic and print, is also likely to increase the purchasing behaviour. Docosahexaenoic acid (DHA), vinpocetine, bacopa monnieri, vitamin D, vitamin B12, antioxidants and others are the key ingredients which are used in brain health supplements
- Increasing health awareness regarding consumption of brain health supplements
Brain health supplements comprise nutritional benefits and vitamins that aid in mood elevation, memory enhancement, stress reduction, increased concentration, and protection against dementia, anxiety and depression. As a result of hectic lifestyle and mental stress, brain health supplements are a superior lifestyle product. These supplements come in various forms, including capsules, tablets, powders and others. Brain Health supplements are becoming more popular because they are a good source of proteins, minerals and vitamins and can aid with diseases such as asthma, cancer and depression.
Opportunities
- Growing product launches and other innovations
The increasing product launches and other innovations by major market players provide numerous new growth opportunities. For instance, Reckitt Benckiser Group plc, has launched clinically verified brain health supplement named ‘Neuriva’ In February 2019, in the U.S. market. This brain health supplement based on a patented coffee bean extract. Moreover, the firm has also created a mobile app to complement the brain health supplement with tailored brain training programs.
Restraints/ Challenges
- Multiple issues associated with brain health supplements market
Some of the major factors are expected to impede the growth of brain health supplements market, such as lack of awareness among consumer regarding product’s availability. Additionally, these products are costly, and people in emerging nations do not consider these products absolute necessity. Moreover, numerous people recognize it as a product with a several side effects, which causes people to be hesitant to consume the brain health supplements all over the world.
This brain health supplements market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the brain health supplements market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, Motiva Supplements launched ‘Neuro Booster’. This provides higher absorption of six major functional foods, the first-ever clinically proven product to aid brain health and improve Alzheimer’s patients.
- In 2020, Elysium Health, Inc. collaborated with the University of Oxford and launched Longevity supplement for brain health. The product comprises a formulation of specific B vitamins clinically verified to measure brain atrophy associated with age-related memory loss. It also comprises a powdered omega-3 lysine compound with improved bioavailability to enhance the effectiveness of the B-vitamin complex.
Global Brain Health Supplements Market Scope
The brain health supplements market is segmented on the basis of product, application, supplement form, age group and sale channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Herbal Extracts
- Ginseng
- Ginkgo biloba
- Curcumin
- Lions mane
- Bacopa monnieri
- Others
- Vitamins and Minerals
- Vitamin B
- Vitamin C & E
- Others
Natural Molecules
- Acetyle-i-carnitine
- Alpha gpc
- Citicoline
- Docosahexaenoic acid (dha)
- Huperzine a
- Others
Supplement form
- Tablets
- Capsules
- Others
Sales channel
- Supermarkets and Hypermarkets
- Drug Stores
- Online Stores
- others
Age group
- Kids
- Adults
- Elderly
Application
- Memory Enhancement
- Mood and Depression
- Attention and Focus
- Longevity and Anti-aging
- Sleep and Recovery
- Anxiety
Brain Health Supplements Market Regional Analysis/Insights
The brain health supplements market is analyzed and market size insights and trends are provided by country, product, application, supplement form, age group and sale channel as referenced above.
The countries covered in the brain health supplements market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the brain health supplements market in terms of revenue and market share. This is mainly due to rise in the prevalence of brain diseases. Furthermore, increased awareness regarding neural diseases and presence of well-established healthcare infrastructure will further boost the market growth in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 due to growth in the incidence of chronic disease and rise in people's healthcare spending. Furthermore, the surge in the availability of herbal plants will further boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Brain Health Supplements Market Share Analysis
The brain health supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to brain health supplements market.
Some of the major players operating in the brain health supplements market are:
- DSM (Netherlands)
- BASF SE (Germany)
- Lonza Group (Switzerland)
- Glanbia Plc (Ireland)
- ADM (U.S.)
- Farbest Brands (U.S.)
- SternVitamin GmbH & Co. KG (Germany)
- Adisseo (France)
- BTSA Biotechnologias Aplicadas S.L. (Spain)
- Rabar Pty Ltd (Australia)
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