What is the global market size of Brain health supplements Market?

Global Brain health supplements Market size was valued at USD 7.65 Billion in 2021 and is poised to grow from USD 8.70 Billion in 2022 to USD 24.29 Billion by 2030, at a CAGR of 13.7% during the forecast period (2023-2030).

Who are the key vendors in the Global Brain health supplements Market?

The global brain health supplements market is dynamic and characterized by the presence of numerous players, including both established companies and emerging market entrants. These companies compete in terms of product offerings, brand reputation, distribution channels, pricing strategies, and innovation. companies focus on product differentiation, innovation, quality control, regulatory compliance, and consumer education to gain a competitive edge. Strategic partnerships, acquisitions, and collaborations are also common strategies employed by companies to expand their market presence and enhance their product offerings. 'Johnson & Johnson (US)', 'Pfizer Inc. (US)', 'GlaxoSmithKline plc (UK)', 'Bayer AG (Germany)', 'Amway Corporation (US)', 'HVMN Inc. (US)', 'Onnit Labs, LLC (US)', 'Purelife Bioscience Co., Ltd. (China)', 'Cognizin (Kyowa Hakko Bio Co., Ltd.) (Japan)', 'Quincy Bioscience (US)', 'Neurohacker Collective LLC (US)', 'TruBrain (US)', 'Mind Lab Pro (United Kingdom)', 'Nootropics Depot (US)', 'Neuriva (Church & Dwight Co., Inc.) (US)', 'Amazon Inc. (US)', 'Walmart Inc. (US)', 'Costco Wholesale Corporation (US)', 'CVS Health Corporation (US)', 'GNC Holdings Inc. (US)'

What is the key driver of Global Brain health supplements Market?

There is a growing awareness among consumers about the importance of maintaining cognitive health and preventing age-related cognitive decline. As the aging population expands, the demand for brain health supplements is increasing. Consumers are actively seeking products that can support memory, focus, and overall brain function.

What is the key market trend for Global Brain health supplements Market?

Increasing Demand for Natural and Herbal Extract Supplements: Consumers have shown a growing preference for brain health supplements derived from natural and herbal sources. This trend is driven by the perception that natural ingredients are safer and have fewer side effects compared to synthetic alternatives. Manufacturers have responded by introducing a wide range of brain health supplements containing herbal extracts such as ginkgo biloba, bacopa monnieri, and curcumin.

Which region accounted for the largest share in Brain health supplements Market?

In 2022, North America emerged as the dominant region in the global brain health supplements market, holding a share of over 40.1%. The region has experienced significant growth in demand for brain health supplements in recent years, driven by increasing consumer awareness and the desire for products that enhance cognitive health. The trend of health consciousness, particularly among the younger population, has further fueled this demand. A survey conducted by the American Association of Retired Persons (AARP) in June 2019 revealed that Americans aged 50 and older are regularly consuming brain health supplements in large quantities due to growing concerns about brain and cognitive health.

Brain Health Supplements Companies

Brain Health Supplements Market Competitive Landscape

Top Player’s Company Profiles in Global Brain Health Supplements Market

Natural Factors Nutritional Products Ltd. (Canada)
Purelife Bioscience Co., Ltd. (China)
Intelligent Labs (UK)
Accelerated Intelligence Inc. (US)
NOW Foods (US)
HVMN Inc. (US)
Teva Pharmaceutical Industries Ltd. (Israel)
Peak Nootropics (US)
Alternascript (US)
Pfizer Inc. (US)
Abbott Laboratories (US)
Bayer AG (Germany)
Amway Corporation (US)
Herbalife Nutrition Ltd. (US)
Nordic Naturals, Inc. (US)
Cognizin Citicoline (Kyowa Hakko Bio Co., Ltd.) (Japan)
Neurohacker Collective, LLC (US)
AOR Inc. (Canada)
Life Extension Foundation (US)
TruBrain (US)
Nootrobox (HVMN) (US)
NeuroScience, Inc. (US)

Global Brain Health Supplements Market

FAQs

Brain Health Supplements Market size was valued at USD 8.5 billion in 2022 and is poised to grow from USD 9.61 billion in 2023 to USD 25.74 billion by 2031, growing at a CAGR of 13.10% during the forecast period (2024-2031).

The competitive landscape of the global brain health supplements market is a highly competitive market supported by well-established brands, emerging players, and new entrants. Leading market vendors like Garden of Life, GNC Holdings, Onnit, Nutrafol, Biotivia, and Neurohacker Collective are focusing on using extensive distribution networks and strengthening their brand image. Startups and new entrants are emphasizing innovative formulations and niche markets, mostly attracting youth and health-conscious consumers. The market growth is also backed by the growth of online sales and e-commerce and enhancing retail presence. Overall, the dynamic market is progressing with innovative startups and several strategic partnerships. 'Natural Factors Nutritional Products Ltd. (Canada) ', 'Purelife Bioscience Co., Ltd. (China) ', 'Intelligent Labs (UK) ', 'Accelerated Intelligence Inc. (US) ', 'NOW Foods (US) ', 'HVMN Inc. (US) ', 'Teva Pharmaceutical Industries Ltd. (Israel) ', 'Peak Nootropics (US) ', 'Alternascript (US) ', 'Pfizer Inc. (US) ', 'Abbott Laboratories (US) ', 'Bayer AG (Germany) ', 'Amway Corporation (US) ', 'Herbalife Nutrition Ltd. (US) ', 'Nordic Naturals, Inc. (US) ', 'Cognizin Citicoline (Kyowa Hakko Bio Co., Ltd.) (Japan) ', 'Neurohacker Collective, LLC (US) ', 'AOR Inc. (Canada) ', 'Life Extension Foundation (US) ', 'TruBrain (US) ', 'Nootrobox (HVMN) (US) ', 'NeuroScience, Inc. (US)'

Modern working styles and pressures are increasingly demanding supplements and products for better brain health. High-stress environments coupled with professional and personal demands are notably giving rise to anxiety and mental fatigue. This increases the attraction for the attraction of brain health supplements. Also, consumers are seeking ways to boost memory, concentration, and overall cognitive functions, thus shifting towards supplements.

Nootropics, commonly referred as ‘Smart Drugs’ have gained considerable popularity among consumers aiming to obtain cognitive improvements. These compounds may comprise synthetic and natural ingredients that are carefully designed to enhance creativity, memory, and overall cognitive wellness and function. Products that are specially formulated with nootropics are being promoted not just for older adults but also for professionals and students who want to boost their performance.

Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to growing consumer awareness, well-established infrastructure for retail and online shopping, and innovative product offerings. There is a growing awareness for cognitive health and overall wellness that fuels the need for brain health supplements. The region holds a well-developed e-commerce and retail, which streamlines consumers’ access to a broader range of products. Furthermore, companies in North America are leading in terms of innovation and research. They are often introducing effective formulation to cater to the growing consumer demand, thus impacting regional growth. The key players profiled in the region include Abbott Laboratories, NOW Foods, Amway Corporation, Alternascript, Pfizer Inc., Herbalife Nutrition Ltd., and more.

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Brain Health Supplements Market Size, Share, Growth Analysis, By Product (Natural Molecules (Acetyl-L-Carnitine, Citicolin, DHA, Pre/Pro/Postbiotics)), By Application (Memory Enhancement, Attention & Focus, Depression & Mood, Sleep & Recovery), By Region - Industry Forecast 2024-2031

Brain Health Supplements Market Competitive Landscape

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Brain Health Supplements Market Size, Share, Growth Analysis, By Product (Natural Molecules (Acetyl-L-Carnitine, Citicolin, DHA, Pre/Pro/Postbiotics)), By Application (Memory Enhancement, Attention & Focus, Depression & Mood, Sleep & Recovery), By Region - Industry Forecast 2024-2031

Brain Health Supplements Market Competitive Landscape

Brain Health Supplements Market Report Snapshots

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What is the global market size of Brain Health Supplements Market?

Who are the key vendors in the Brain Health Supplements Market?

What is the key driver of Brain Health Supplements Market?

What is the key market trend for Brain Health Supplements Market?

Which region accounted for the largest share in Brain Health Supplements Market?

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