Brain Health Supplements Market to Reach $15.9 Billion by 2030 at a CAGR of 8.5%: Consistent Market Insights

Brain health supplements are dietary supplements aimed at improving brain function, reducing cognitive decline, and protecting against neurodegenerative diseases. They include plant extracts, vitamins, minerals and other natural ingredients.

Burlingame, November 21, 2023 (GLOBE NEWSWIRE) — According to Consistent market informationThe global brain health supplements market size was estimated at US$9.0 billion in 2023 and should exceed US$15.9 billion by 2030 and is expected to experience a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. The creation of new brands regarding brain health supplements is driving the demand for brain health supplements.

Walk Drivers

The launch of newer, more efficient and powerful products is expected to boost the market growth. For example, on May 3, 2023, The Synergy Company, a health supplement company, launched Radiant Mood, the company’s latest innovation in organic supplements, to combat feelings of burnout. Radiant Mood is a mood-boosting supplement made from standardized, science-backed botanical extracts to support both mood and sleep.

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For example, on May 18, 2023, Notable Focus launched a new supplement brand named Make Time Wellness. It is a cognitive-enhancing supplement that offers numerous benefits to support optimal mental performance, in the United States to raise awareness about brain health. The company’s Brain Health Multivitamin and Prenatal Supplements contain essential and effective ingredients like MCTs, Omegas, Creatine and Curcumin to stimulate and support the human brain while keeping the body healthy and beautiful.

Market Key Points:

The global brain health supplements market is expected to exhibit a CAGR of 8.5% during the forecast period owing to the increasing number of product launches across the globe. For example, on April 24, 2023, POSSIBLE, a wellness brand, launched POSSIBLE pre-workout powder containing green tea caffeine extract to provide consumers with an extra boost during exercise and help them stay motivated.

The story continues

Among the application types, the memory enhancement segment is dominant due to the increasing prevalence of diseases and disorders like Alzheimer’s disease in healthcare settings across the world. For example, according to data released by the Alzheimer’s Association, America, a voluntary health organization specializing in Alzheimer’s disease care, support and research, an estimated 6.7 million Americans aged 65 years and older will live with Alzheimer’s disease in 2023.

Among the regions, North America is expected to dominate the market during the forecast period due to increasing mergers and acquisitions in the region. In September 2021, Havn Life Sciences Inc., a biotechnology company that develops natural health products and innovative therapies to support brain health and enhance the abilities of the mind, announced that it had completed the acquisition of patented formulations of natural health products that support brain health from Bennett’s Choice, a brain supplement manufacturer, to expand its product portfolio.

Key players operating in the global brain health supplements market include Alternascript, Accelerated Intelligence, Liquid Health, Health Via Modern Nutrition Inc., Natural Factors USA, Onnit Labs, Inc., Purelife bioscience Co., Ltd., Quincy Bioscience –The Makers of Prevagen. , Brain Success, Amway Corp., Puori, Ocean Health Pte Ltd., Schiff.

Read the full market research report“Brain Health Supplements Market, By Product Type, By Application, By Supplement Form, By Distribution Channel and By Region, Segment Forecast 2023-2030”, Published by Coherent Market Insights.

Walk Detention

There is no convincing evidence to recommend dietary supplements for brain health in healthy older adults. Vitamins A, C and D are often included in products claiming to benefit the brain. But while these vitamins are important for overall health, there’s no evidence that they improve memory, cognition, or brain health. It is not clear whether it is the combination of nutrients in a healthy diet that is beneficial or whether it is specific nutrients, or even certain amounts, or other factors.

Consulting a doctor before starting to take supplements and relying more on nutrient intake from a healthy diet can be an effective counterbalance to this restriction.

Market opportunity

The launch of new products by major market players is estimated to boost the growth of the global brain health supplements market during the forecast period. For example, on May 24, 2023, SP Neutraceuticals, a company that creates scientifically tested herbal health products, launched the herbal metabolism management supplement brand Metavo. Metavo activates metabolism at the cellular level, allowing the body to properly metabolize fats, proteins and carbohydrates to improve insulin sensitivity, glucose tolerance and energy.

Cross-sectional market analysis:

Among applications, increasing growth strategies such as research and development activities by key market players is expected to boost the growth of memory enhancement segment in the global brain health supplements market over the forecast period in the North America region. For example, on June 1, 2023, researchers from Vagelos College of Physicians and Surgeons at Columbia University, the medical school of Columbia University located in the United States, stated that taking a daily flavanol supplement improves hippocampus-dependent memory in older adults who have relatively hippocampus-dependent memory. a poor diet. Evidence shows that consuming foods containing flavanols such as apples, pears, berries and cocoa beans can improve memory in the geriatric population.

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Detailed segmentation:

• Global Brain Health Supplements Market, By Product Type:

  • Plant extracts

    • Ginseng

    • Ginkgo biloba

    • Curcumin

    • Lion’s mane

    • Others

  • Vitamins and minerals

    • Vitamin B

    • Vitamins C and E

    • Others

  • Natural molecules

• Global Brain Health Supplements Market, By Application:

  • Memory improvement

  • Mood and depression

  • Attention and concentration

  • Longevity & Anti-aging

  • Sleep and recovery

  • Anxiety

• Global Brain Health Supplements Market, By Supplement Form:

• Global Brain Health Supplements Market, By Age Group:

• Global Brain Health Supplements Market, By Distribution Channel:

• Global Brain Health Supplements Market, By Region:

  • North America

  • Europe

    • By country:

      • UNITED KINGDOM

      • Germany

      • Italy

      • France

      • Spain

      • Russia

      • The rest of Europe

  • Asia Pacific

    • By country:

      • China

      • India

      • Japan

      • ASEAN

      • Australia

      • South Korea

      • Rest of Asia Pacific

  • Latin America

    • By country:

      • Brazil

      • Mexico

      • Argentina

      • Rest of Latin America

  • Middle East and Africa

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