NEW
YORK, June 25, 2024 /PRNewswire/ -- The global
brain health supplements market size is estimated to grow by
USD 4.77 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 8.9% during the forecast period. Growing
urban population is driving market growth, with a trend towards
growing demand in online retail. However, low penetration in
developing regions poses a challenge. Key market players
include Abbott Laboratories, Amway Corp., Archer Daniels Midland
Co., BASF SE, Bayer AG, BrainMD Health, Cyanotech Corp., Dermapharm
Holding SE, Glanbia plc, Herbal Goodness, Herbalife International
of America Inc., Hi Tech Pharmaceuticals Inc., Jacobson Pharma
Corp. Ltd., Jarrow Formulas Inc., Koninklijke DSM NV, Liquid Health
Inc., Natural Factors Nutritional Products Ltd., NOW Health Group
Inc., Quincy Bioscience, and Thorne HealthTech Inc..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Adult and
Children), Distribution Channel (Retail and Online), and Geography
(North America, Europe, Asia, and Rest of World (ROW))
|
Region
Covered
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Key companies
profiled
|
Abbott Laboratories,
Amway Corp., Archer Daniels Midland Co., BASF SE, Bayer AG, BrainMD
Health, Cyanotech Corp., Dermapharm Holding SE, Glanbia plc, Herbal
Goodness, Herbalife International of America Inc., Hi Tech
Pharmaceuticals Inc., Jacobson Pharma Corp. Ltd., Jarrow Formulas
Inc., Koninklijke DSM NV, Liquid Health Inc., Natural Factors
Nutritional Products Ltd., NOW Health Group Inc., Quincy
Bioscience, and Thorne HealthTech Inc.
|
Key Market Trends Fueling Growth
The global brain health supplements market is experiencing
significant growth due to increasing Internet connectivity,
smartphone adoption, and a large customer base. Vendors are
focusing on online retail distribution, enabling easy access to
various brain health supplements through platforms like Amazon,
IndiaMart, and Alibaba. Lower prices and bulk purchasing incentives
attract consumers, with convenience, safe online payments, and home
delivery services also driving sales. These factors present
substantial opportunities for market expansion during the forecast
period.
The Brain Health Supplements market is experiencing significant
growth with an increasing focus on mental wellbeing. Notable
ingredients include Alternates, Populational Wellbeing, Brain,
Elderly, Depresses, Disorders, Insomnia, Memory, Alzheimer's,
Attention, Depression, Cognitive, Focus, Energy, and Antioxidants.
Trends include the use of natural ingredients like Ginkgo Biloba
and Omega-3 fatty acids. Brands are investing in research and
development to create effective formulations. Consumers are looking
for convenient formats like capsules and powders. Companies are
focusing on marketing strategies to reach a wider audience. The
market is expected to continue growing due to the aging population
and rising awareness about brain health.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The brain health supplement market experiences significant
growth in developed countries due to increased awareness and usage
benefits. However, penetration in developing and under-developed
regions, such as Africa and the
Middle East, is limited due to
affordability issues and low awareness. Manufacturers offer
low-priced, yet low-quality supplements in these areas. People view
these products as non-essential, and product visibility and
availability are poor due to inadequate distribution channels and
low Internet penetration. Despite the potential market size, these
factors may negatively impact sales revenue for vendors in the
forecast period.
- The brain health supplements market faces several challenges.
Key ingredients like Cognitives, Abilites, Memories, Concentrats,
and Vitamins are in high demand. Brands must produce effective
products using Docosahaeaxeic Acid and Vitamins. Brands also need
to ensure their products are safe and free from harmful substances.
Regulations by organizations like FDA add complexity. Marketing
strategies, such as Producuts and Pricing, are crucial for success.
Brands must differentiate themselves through unique selling
propositions. Competition from other brands and natural remedies is
intense. Brands must invest in research and development to create
innovative solutions. Long-term consumer loyalty is a significant
challenge. Brands must build trust and deliver consistent results
to retain customers.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This brain health supplements market report extensively covers
market segmentation by
- End-user
- Distribution Channel
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Adult- Brain health supplements, including
omega-3 fatty acids from fish oil, B vitamins, Ginkgo biloba,
Bacopa monnieri, phosphatidylserine, acetyl-L-carnitine, and
caffeine, are essential for adults. These supplements support brain
function and development, memory, and cognitive abilities. Their
effectiveness varies among individuals, driving growth in the
global brain health supplements market. Omega-3s, B vitamins, and
herbal supplements like Ginkgo biloba and Bacopa monnieri are key
players, along with phospholipids and amino acids like
phosphatidylserine and acetyl-L-carnitine. Caffeine, a stimulant,
also contributes to the market's expansion.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Brain Health Supplements Market encompasses a wide range of
products designed to support and enhance cognitive abilities,
memory, concentration, focus, energy, mood, motivation, and
long-term brain health. These supplements often contain natural
ingredients such as nootropics, organic compounds, and herbal
extracts, available in various forms like capsules, tablets, and
powders. Some supplements may claim to help alleviate symptoms of
hyperactivity disorders, such as Parkinson's disease, while others
may make misleading claims about improving brain function or
preventing conditions like Alzheimer's and dementia. It is
essential to be aware of potential adverse effects and consult a
healthcare professional before starting any new supplement regimen.
Vitamins and minerals, as well as natural molecules, are also
common ingredients in brain health supplements, contributing to
cognitive performance, mood & depression, attention &
focus, longevity & anti-aging, and sleep & recovery.
Market Research Overview
The Brain Health Supplements market encompasses various
nutritional products designed to support and improve cognitive
function, memory, focus, and overall brain health. These
supplements may contain essential vitamins, minerals, amino acids,
omega-3 fatty acids, antioxidants, and other nutrients. They can
help protect the brain from oxidative stress, inflammation, and
age-related decline. Some supplements may also support
neuroplasticity, the brain's ability to form new neural
connections. The market for brain health supplements is growing
rapidly due to increasing awareness of the importance of brain
health and the aging population. Consumers are turning to these
supplements to maintain cognitive function, improve focus and
concentration, and reduce the risk of age-related cognitive
decline. The market offers a wide range of products, including
capsules, tablets, powders, and liquids, catering to diverse
consumer preferences.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Distribution Channel
-
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio