Home Press Releases Brain Health Supplements Market Size Worth $14.75 Billion By 2030 | CAGR: 8.2%

Brain Health Supplements Market Size Worth $14.75 Billion By 2030 | CAGR: 8.2%

The global brain health supplements market size is expected to reach USD 14.75 billion by 2030, according to a new study by Polaris Market Research. The report “Brain Health Supplements Market Share, Size, Trends, Industry Analysis Report, By Product (Natural Molecules, Herbal Extract, Vitamins and Minerals); By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The market for brain health supplements is exemplified by increasing product launches owing to the rising demand for superior and finest supplements to help sustain brain health, improve memory, and enhance mind function. For instance, in March 2022, Cosmos Holdings launched its nutritional supplement ‘Brainlit,’ supporting mind health. This has been designed to strengthen and develop function for certain brain-related disorders such as Alzheimer’s, dementia, Parkinson’s, depression, and anxiety that have increased in recent years.

 

Further, numerous key manufacturers are aiming to produce various supplements that are aimed exclusively at sportspersons for their performance improvement and sustaining mental composure. This will stipulate the demand for the product over the next few years.

 

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The depression and mood segment is estimated to grow over the forecast period substantially. Recently, brain health supplements have been widely used as antidepressants worldwide among consumers. Panax ginseng and green tea are organic brain supplements that help reduce the adrenal cortex during traumatic intervals and increase blood circulation, further calming the brain. As per a recent study by the World Health Organization (WHO), globally, the number of people dealing with depression globally was approximately 280 million in 2021.

 

Asia Pacific is the fastest-growing segment from 2022 to 2030. The speedy growth of the education sector and raising awareness about mental health in the developing economies of Japan and China are estimated to increase the regional demand for such supplements in the coming years. Various manufacturers are collaborating with local businesses from China and India to manufacture organic drugs. Thereby stipulating growth prospects for naturally derived products during the forecast period.

 

Brain Health Supplements Market Report Highlights

 

  • Based on product, the market is categorized into herbal extracts, vitamins, and minerals, and natural molecules, wherein minerals, have been further sub-segmented into vitamin B, Vitamin C & E, and others. Natural molecules are further categorized into acetyl-I-carnitine, alpha GPC, citicoline, docosahexaenoic acid (DHA), huperzine A, and others. The natural molecules segment is expected to lead the industry during the forecast period.
  • Based on application, the market is segmented into memory enhancement, mood, depression, attention, focus, longevity, anti-aging, sleep, recovery, and anxiety. Memory enhancement accounted for the largest market share in 2021.
  • North America is expected to grow significantly over the projected period because the rising mental health issues among people are increasing the demand for these products in the North American region
  • The global market is highly competitive owing to prominent market players with Reckitt Benckiser Group plc., AlternaScript LLC, Accelerated Intelligence Inc., HVMN Inc., Aurobindo Pharma Limited (Natroll, LLC)

Polaris Market Research has segmented the brain health supplements market report based on product, application, and region:

 

Brain Health Supplements, Product Outlook (Revenue – USD Billion, 2018 – 2030)

  • Natural Molecules
  • Herbal Extract
  • Vitamins and Minerals

Brain Health Supplements, Application Outlook (Revenue – USD Billion, 2018 – 2030)

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

Brain Health Supplements, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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