The global brain health supplements market size was US$ 9,243.7 million in 2022. The global market is projected to reach US$ 21,618.6 million by 2031, growing at a compound annual growth rate (CAGR) of 9.9% during the forecast period from 2022 to 2031.
Natural substances with positive effects on the brain are included in supplements for brain health. These dietary supplements are herbal extracts available as capsules, tablets, and powders that help healthy people with memory, creativity, focus, motivation, and alertness. It has been demonstrated that herbal herbs like Withania somnifera and Bacopa monniera have the ability to improve brain function. Additionally helpful for the health of the brain and nerves are vitamins B and C.
Market Driving Factors
The increase in R&D activities in herbal ingredients is a major factor driving the growth of the global market. Herbal medicines are being examined for their therapeutic advantages and potential pharmaceutical uses. Additionally, a rise in the number of major producers of supplements for brain health helps the market expand.
The market for supplements for brain health may expand slowly for several reasons, including customer ignorance of the availability of the products.
An increasing senior population afflicted by illnesses, including Alzheimer's, depression, and anxiety is likely to fuel the expansion of the brain health supplements market. For instance, in April 2022, the Global Burden of Disease (GBD) and Institute of Health Metrics and Evaluation (IHME) estimate, that approximately 10.7% (792 million) of the world's population will be affected by a mental health illness.
Market Segmentation Breakdown
By Product Breakdown
In 2022, the herbal extracts segment generated maximum revenue for the brain health supplements market. The need for herbal extract supplements for brain health will increase as people in emerging countries like China and India start to favor herbal goods more. Around 80% of the world's population uses traditional medicine to treat their most basic health issues, according to a 2022 study from the World Health Organization.
The vitamins and minerals segment is likely to experience a significant CAGR from 2023 to 2031. The demand for this market is likely to rise as people become more aware of the advantages of vitamins and minerals. The prevention of age-related cognitive decline and developmental disorders, such as Alzheimer's and dementia, depends heavily on vitamins and minerals.
By Application Breakdown
The memory enhancement application segment held the largest share in 2022. Rising competition in the academic sector has fueled the demand for memory enhancers and brain health supplements among students. Increasing preference for natural and herbal extract supplements is expected to generate growth opportunities for key players in the upcoming years.
Geographical Breakdown
In 2022, North America had a significant portion of the worldwide market. In recent years, there has been an increase in consumer demand for items that enhance cognitive health in North America, which has been supported by the growing trend of health consciousness, particularly among young people. According to data published by the U.S. National Library of Medicine in April 2020, about 75% of U.S. people use nutritional supplements that contain vitamins, minerals, and herbal substances to improve brain health, energy, and performance.
Asia Pacific is anticipated to have the greatest CAGR. Due to rising consumer awareness of the advantages of these supplements, a growing preference for natural supplements over pharmaceuticals, and an increase in the incidence of Alzheimer's disease, the market for brain supplements has demonstrated exceptional penetration in the Asia Pacific region, particularly in China, India, and Japan.
List of Prominent Players
Segmentation Outline
The global brain health supplements market segmentation focuses on Product, Application, Supplement Form, Age Group, Sales Channel, and Region.
By Product
By Application
By Supplement Form
By Age Group
By Sales Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL BRAIN HEALTH SUPPLEMENTS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: BRAIN HEALTH SUPPLEMENTS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL BRAIN HEALTH SUPPLEMENTS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL BRAIN HEALTH SUPPLEMENTS MARKET, BY PRODUCT
5.1 OVERVIEW
5.2 HERBAL EXTRACT
5.2.1 GINSENG
5.2.2 GINKGO BILOBA
5.2.3 CURCUMIN
5.2.4 LIONS MANE
5.2.5 BACOPA MONNIERI
5.2.6 OTHER HERBAL EXTRACTS
5.3 VITAMINS & MINERALS
5.3.1 VITAMIN B
5.3.2 VITAMIN C & E
5.3.3 OTHER VITAMINS & MINERALS
5.4 NATURAL MOLECULES
5.4.1 ACETYL-L-CARNITINE
5.4.2 ALPHA GPC
5.4.3 CITICOLINE
5.4.4 DOCOSAHEXAENOIC ACID (DHA)
5.4.5 HUPERZINE-A
5.4.6 OTHER NATURAL MOLECULES
6 GLOBAL BRAIN HEALTH SUPPLEMENTS MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 MEMORY ENHANCEMENT
6.3 MOOD & DEPRESSION
6.4 ATTENTION & FOCUS
6.5 LONGEVITY & ANTI-AGING
6.6 SLEEP & RECOVERY
6.7 ANXIETY
7 GLOBAL BRAIN HEALTH SUPPLEMENTS MARKET, BY SUPPLEMENT FORM
7.1 OVERVIEW
7.2 TABLETS
7.3 CAPSULES
7.4 OTHERS
8 GLOBAL BRAIN HEALTH SUPPLEMENTS MARKET, BY AGE GROUP
8.1 OVERVIEW
8.2 CHILDREN
8.3 ADULTS
8.4 ELDERLY
9 GLOBAL BRAIN HEALTH SUPPLEMENTS MARKET, BY SALES CHANNEL
9.1 OVERVIEW
9.2 SUPERMARKETS & HYPERMARKETS
9.3 DRUG STORES
9.4 ONLINE STORES
9.5 OTHERS
10 GLOBAL BRAIN HEALTH SUPPLEMENTS MARKET, BY GEOGRAPHY
10.1 OVERVIEW
10.2 NORTH AMERICA
10.2.1 NORTH AMERICA MARKET SNAPSHOT
10.2.2 U.S.
10.2.3 CANADA
10.2.4 MEXICO
10.3 EUROPE
10.3.1 EUROPE MARKET SNAPSHOT
10.3.2 WESTERN EUROPE
10.3.2.1 THE UK
10.3.2.2 GERMANY
10.3.2.3 FRANCE
10.3.2.4 ITALY
10.3.2.5 SPAIN
10.3.2.6 REST OF WESTERN EUROPE
10.3.3 EASTERN EUROPE
10.3.3.1 POLAND
10.3.3.2 RUSSIA
10.3.3.3 REST OF EASTERN EUROPE
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC MARKET SNAPSHOT
10.4.2 CHINA
10.4.3 JAPAN
10.4.4 INDIA
10.4.5 AUSTRALIA & NEW ZEALAND
10.4.6 ASEAN
10.4.7 REST OF ASIA PACIFIC
10.5 MIDDLE EAST & AFRICA
10.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
10.5.2 UAE
10.5.3 SAUDI ARABIA
10.5.4 SOUTH AFRICA
10.5.5 REST OF MEA
10.6 SOUTH AMERICA
10.6.1 SOUTH AMERICA MARKET SNAPSHOT
10.6.2 BRAZIL
10.6.3 ARGENTINA
10.6.4 REST OF SOUTH AMERICA
11 GLOBAL BRAIN HEALTH SUPPLEMENTS MARKET COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 COMPANY MARKET RANKING
11.3 KEY DEVELOPMENT STRATEGIES
11.4 COMPETITIVE DASHBOARD
11.5 PRODUCT MAPPING
11.6 TOP PLAYER POSITIONING, 2022
11.7 COMPETITIVE HEATMAP
11.8 TOP WINNING STRATEGIES
12 COMPANY PROFILES
12.1 LIQUID HEALTH, INC.
12.1.1 OVERVIEW
12.1.2 FINANCIAL PERFORMANCE
12.1.3 PRODUCT OUTLOOK
12.1.4 KEY DEVELOPMENTS
12.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
12.2 KEYVIEW LABS, INC.
12.2.1 OVERVIEW
12.2.2 FINANCIAL PERFORMANCE
12.2.3 PRODUCT OUTLOOK
12.2.4 KEY DEVELOPMENTS
12.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
12.3 AUROBINDO PHARMA LIMITED (NATROLL, LLC)
12.3.1 OVERVIEW
12.3.2 FINANCIAL PERFORMANCE
12.3.3 PRODUCT OUTLOOK
12.3.4 KEY DEVELOPMENTS
12.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
12.4 PURELIFE BIOSCIENCE CO., LTD.
12.4.1 OVERVIEW
12.4.2 FINANCIAL PERFORMANCE
12.4.3 PRODUCT OUTLOOK
12.4.4 KEY DEVELOPMENTS
12.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
12.5 ALTERNASCRIPT LLC
12.5.1 OVERVIEW
12.5.2 FINANCIAL PERFORMANCE
12.5.3 PRODUCT OUTLOOK
12.5.4 KEY DEVELOPMENTS
12.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
12.6 HVMN INC.
12.6.1 OVERVIEW
12.6.2 FINANCIAL PERFORMANCE
12.6.3 PRODUCT OUTLOOK
12.6.4 KEY DEVELOPMENTS
12.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
12.7 NATURAL FACTORS NUTRITIONAL PRODUCTS LTD.
12.7.1 OVERVIEW
12.7.2 FINANCIAL PERFORMANCE
12.7.3 PRODUCT OUTLOOK
12.7.4 KEY DEVELOPMENTS
12.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
12.8. ACCELERATED INTELLIGENCE INC.
12.8.1 OVERVIEW
12.8.2 FINANCIAL PERFORMANCE
12.8.3 PRODUCT OUTLOOK
12.8.4 KEY DEVELOPMENTS
12.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
12.9 QUINCY BIOSCIENCE, LLC.
12.9.1 OVERVIEW
12.9.2 FINANCIAL PERFORMANCE
12.9.3 PRODUCT OUTLOOK
12.9.4 KEY DEVELOPMENTS
12.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
12.10 ONNIT LABS, LLC
12.10.1 OVERVIEW
12.10.2 FINANCIAL PERFORMANCE
12.10.3 PRODUCT OUTLOOK
12.10.4 KEY DEVELOPMENTS
12.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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