Dublin–(business wire)–“Brain Health Supplements Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022-2030” report added of ResearchAndMarkets.com Recruitment.
The brain health supplement market is projected to surge with the aging population and the fight against neurological diseases. Brain Health Supplements Market is projected to grow at a CAGR of 10% from 2022 to 2030.
Brain health supplements are used to enhance memory, attention, mood, creativity and motivation in healthy individuals. We are choosing memory enhancers to sharpen the mind to stand up. Brain health supplements are nothing new and have been around since the 70’s.
The brain health supplement industry is anticipated to exhibit significant market growth during the forecast period. The major factors supporting the market growth of brain health supplements are the strong desire of the adult population to enhance brain function, population growth, rising voluntary consumers, and prevalence of promotional activities by major players.
Alpha GPC holds the largest market share
Acetyl-L-Carnitine, Ginkgo Biloba, Ginseng, Alpha GPC, Bacopa monnieri, DHA, and Tryptopha are some of the ingredients used worldwide to enhance brain function. Alpha GPC containing brain health supplements have been observed to hold the largest market share.
It is followed by acetyl-L-carnitine (precursor of acetylcholine) and DHA (omega-3 type). BacopaMonnieri, which includes brain health supplements, is expected to be the fastest growing market of all with a CAGR of 21.4% for the forecast period from 2022 to 2030.
Memory enhancement segment is expected to retain its lead during the forecast period
For the purposes of this study, the primary uses for brain health supplements are memory enhancement, mood and depression, attention and concentration, longevity and anti-aging, sleep recovery and dream enhancement, and anxiety. In the base year, the memory enhancement segment was observed to be the largest segment and is expected to maintain its lead during the forecast period of 2022-2030.
Key factors supporting the growth of the memory enhancement segment include the benefits that college students, scientists, entrepreneurs and investment bankers are choosing memory enhancers to sharpen their minds to gain an edge in the competition. This includes raising awareness about
Online stores accounted for the largest market in the global brain health supplement market
Online stores held the largest market share in the global brain health supplement market due to the wide variety of products available compared to supermarkets/hypermarkets and drugstores. , product launches, a wide product range, and the discounts offered have made online stores more popular.
In addition, the frequency of online searches has increased significantly over the past two years, creating great business opportunities in the market. Growing number of supermarkets and hypermarkets in developing countries, nutritional product manufacturers targeting supermarkets and hypermarkets to reach the masses is the main reason for the supermarket/hypermarket segment to grow at a steady rate during the forecast period. is useful for
Asia-Pacific is expected to forecast the highest growth
North America is the largest regional market for brain health supplements, accounting for over 54.8% of the market share in 2021. A strong desire to enhance brain function among the adult population, growing population of baby boomers, and ready availability of quality products are driving the market growth in North America. .
However, Europe is expected to be the second largest regional market for brain health supplements, with growth driven primarily by the young and old population. Asia-Pacific is expected to project the highest growth throughout the forecast period, driven by countries with large populations, increasing foreign investment in concert with local players, economic development, and increasing consumer awareness among middle-income consumers .
market segmentation
Ingredient type
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Acetyl-L-carnitine
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ginkgo
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carrot
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Alpha GPC
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bacopa monnieri
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docosahexaenoic acid
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Tryptophan
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others
application
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memory enhancement
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mood and depression
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attention and concentration
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longevity and anti-aging
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Enhance sleep, recovery and dreams
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anxiety
Sales channel
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supermarkets and hypermarkets
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Drug store
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online store
Main topics:
1. Preface
2. Abstract
3. Brain Health Supplements Market: Competitive Analysis
4. Brain Health Supplements Market: Macro Analysis and Market Dynamics
5. Brain Health Supplements Market: By Ingredient Type, 2020-2030, USD (Million USD)
6. Brain Health Supplements Market: By Application, 2020-2030, USD (Million USD)
7. Brain Health Supplements Market: By Sales Channel, 2020-2030, USD (Million USD)
8. North America Brain Health Supplements Market, 2020-2030, USD (Million USD)
9. UK and European Union Brain Health Supplements Market, 2020-2030, US Dollars ($ Million)
10. Asia-Pacific Brain Health Supplements Market, 2020-2030, USD (Million USD)
11. Latin American Brain Health Supplements Market, 2020-2030, US Dollars ($ Million)
12. Middle East and Africa Brain Health Supplements Market, 2020-2030, USD (Million USD)
13. Company Profile
companies mentioned
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Teva Pharmaceutical Co., Ltd.
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Pure Life Bioscience Co., Ltd.
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Quincy Bioscience LLC.
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Natural Factors Nutritional Products Co., Ltd.
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Liquid Health Co., Ltd.
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HVMN Co., Ltd.
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peak nootropics
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AlternaScript LLC
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notorico
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SupNootropic Biological Technology Co., Ltd.
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Accelerated Intelligence Inc
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Onnit Lab LLC
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Powder City LLC
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ceretropic
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nootropic sauce
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lucid nootropic
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lift mode
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Natural Factors Co., Ltd.
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Optimind
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Aurobindo Pharma Limited (Natroll LLC)
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KeyView Labs Inc.
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Reckitt Benckiser Group plc.
For more information on this report, please visit https://www.researchandmarkets.com/r/n37dq5.
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