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Brain Health Supplements Market - Forecast(2024 - 2030)
Overview
Brain Health Supplements Market Size in 2019 is estimated to be $4.43 billion and is projected to be growing with a CAGR of 8.8% during the forecast period 2020-2025. Brain supplements are a characteristic mixture of herbal extracts or natural compounds which helps to improve memory, attention, and alertness. Brain Supplements are beneficial for depression, sound sleep, anti-aging, and nervousness. Dietary supplements are commonly used to improve brain health. It includes vitamins, minerals amino acids as well as other substances that can be used to supplement one’s diet. Rising concerns among consumers regarding brain health and the increasing number of product innovations are the major factors driving the growth of the market. Furthermore, the rising incidence of dementia symptoms affecting the brain functions further increases the demand for brain health supplements.
Key Takeaways
- In 2019, North America dominated the brain health supplements market owing to the increasing number of product launches having herbal and natural ingredients and rising awareness about the use of brain health supplements.
- Rising concerns among consumers over brain health issues and an increase in product innovations are to aid in the market growth of brain health supplements.
- Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the brain health supplements market report.
- The high cost of supplements, harmful side effects, and lack of proper research into brain supplements are challenging the growth of the market.
By Product - Segment Analysis
Based on the product, Brain Health Supplements Market is segmented into herbal extracts, vitamins & minerals, and natural molecules. In 2019, the natural molecules segment holds a major share of the market among the product segment. The nutritional content of natural products helps in increasing the concentration level, reducing stress, depression, and anxiety that are driving its demand. Moreover, the rise in mental health concerns about consumers is further contributing to the growth of this segment.
By Application - Segment Analysis
Based on the application, Brain Health Supplements Market is segmented into memory enhancement, mood & depression, attention & focus, sleep & recovery, anti-aging & longevity, and others. Memory enhancement is forecast to be the fastest-growing with a CAGR of 6.2% during the forecast period 2020-2025. Brain health supplements provide more effects on brain functions such as to enhance memory and focus. Moreover, the prevalence of certain brain health diseases among the elderly population is contributing to the growth of this segment.
Geography - Segment Analysis
In 2019, North America accounts for 32% of the brain health supplements market share. This is mainly owing to the increasing number of product launches having herbal and natural ingredients and rising awareness about the use of brain health supplements. According to United States Government Accountability Office (GAO), an estimated 85,000 types of dietary supplements products were sold in the United States and more than $40 billion in retail sales, and their sales nearly doubled in value and increasing to $643 million by 2023.
However, the Asia-Pacific region is forecast to be the fastest-growing during the forecast period 2020-2025. This is mainly owing to the rising demand for herbal products, especially in China and India. Also, growth in awareness among brain health issues is contributing to the growth in the brain health supplements market.
Drivers –Brain Health Supplements Market
- Rising Concern Among Consumers over Brain Health Issues
Rising concern among consumers over brain health issues such as memory enhancement, alertness, creativity and along with increase in adoption of herbal and natural products. This is boosting the demand for brain health supplements market. Growing consciousness about brain health supplements is also driving the growth of the market. Moreover, favorable government policies for the growth of the healthcare sector is also contributing the growth.
- Increasing Number of Product Innovation
The increasing number of product innovations and the increasing awareness regarding healthy lifestyles is driving the growth of the market. Moreover, a rise in the sale of products and a rise in disposable income is further contributing to the market growth.
Challenges – Brain Health Supplements Market
The high cost of brain supplements creates a hurdle for the growth of the market. Moreover, harmful side effects and lack of proper research in brain supplements are also restraining the growth of the market.
Brain Health Supplements Industry Outlook
Product launches, Merger & Acquisitions, Joint Ventures and R&D activities are key strategies adopted by players in the brain health supplements market. Brain Health Supplements top 10 companies are accelerated intelligence Inc., LLC, HVMN, Inc., Aurobindo Pharma Limited, Onnit Labs, LLC, Cerebral Success, KeyView, Inc., Quincy Bioscience, AlternaScript, Liquid Health Inc., Natural Factors Nutritional Products Ltd., Purelife Biosciences Co. Ltd. Among others.
Developments:
- 17 January 2019: Aurobindo Pharma and acquisition with Spectrum Pharmaceuticals Inc. that brings well-established brands to continue some products including memory pills, brain vitamins, focus supplements, and others.
- 15 October 2019: Purelife Biosciences Co. Ltd. Launches product such as magnesium taurate that helps to relax our mind and calm the nerves and helps in nutritional neurosciences.
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1. Brain Health Supplements Market Overview
1.1 Definitions and Scope
2. Brain Health Supplements Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends by Product
2.3 Key trends by Form
2.4 Key trends by Age Group
2.5 Key trends by Application
2.6 Key trends by Ingredients
2.7 Key trends by Distribution Channel
2.8 Key trends by Geography
3. Brain Health Supplements Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis - Key Companies
3.5 Pricing Analysis
4. Brain Health Supplements Market - Startup companies Scenario Premium Premium
4.1 Key startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Brain Health Supplements Market - Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. Brain Health Supplements Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power Of Suppliers
6.3.2 Bargaining Powers Of Customers
6.3.3 Threat Of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat Of Substitutes
7. Brain Health Supplements Market - Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Brain Health Supplements Market – By Product (Market Size -$Million/$Billion)
8.1 Herbal Extract
8.2 Vitamins & Minerals
8.3 Natural Molecules
9. Brain Health Supplements Market – By Form (Market Size -$Million/$Billion)
9.1 Tablet
9.2 Capsule
9.3 Pills
9.4 Powders
9.5 Liquids
10. Brain Health Supplements Market – By Age Group (Market Size -$Million/$Billion)
10.1 Child
10.2 Adult
10.3 Elderly
11. Brain Health Supplements Market – By Application (Market Size -$Million/$Billion)
11.1 Memory Enhancement
11.2 Mood & Depression
11.3 Attention & Focus
11.4 Sleep & Recovery
11.5 Anti-aging & Longevity
11.6 Others
12. Brain Health Supplements Market – By Ingredients (Market Size -$Million/$Billion)
12.1 Acetyl-L-Carnitine
12.2 Ginkgo
12.3 Ginseng
12.4 Alpha GPC
12.5 Bacopa Monnieri
12.6 DHA
12.7 Tryptophan
12.8 Others
13. Brain Health Supplements Market – By Distribution Channel (Market Size -$Million/$Billion)
13.1 Pharmacies
13.2 Online Store
13.3 Supermarkets
13.4 Others
14. Brain Health Supplements Market - By Geography (Market Size -$Million/$Billion)
14.1 North America
14.1.1 U.S.
14.1.2 Canada
14.1.3 Mexico
14.2 Europe
14.2.1 U.K.
14.2.2 Germany
14.2.3 France
14.2.4 Italy
14.2.5 Spain
14.2.6 Rest of Europe
14.3 Asia-Pacific
14.3.1 China
14.3.2 Japan
14.3.3 South Korea
14.3.4 India
14.3.5 Australia & New Zealand
14.3.6 Rest of Asia-Pacific
14.4 Rest of the World
14.4.1 Middle East
14.4.2 Africa
14.4.3 South America
15. Brain Health Supplements Market – Entropy
16. Brain Health Supplements Market - Industry / Segment Competition landscape Premium (Premium)
16.1 Market Share Analysis
16.1.1 Market Share at Global Level- Key companies
16.1.2 Market Share by Region- Key companies
16.1.3 Market Share by Country- Key companies
16.1.4 Best Practices for Companies
17. Brain Health Supplements Market - Key Company List by Country Premium (Premium)
18. Brain Health Supplements Market Company Analysis
18.1 Company Revenue, Products, M&A, Developments
18.2 Company 1
18.3 Company 2
18.4 Company 3
18.5 Company 4
18.6 Company 5
18.7 Company 6
18.8 Company 7
18.9 Company 8
18.10 Company 9
18.11 Company 10 and more
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Brain Health Supplement Market, By Product Market 2019-2024 ($M)1.1 Herbal Extract Market 2019-2024 ($M) - Global Industry Research
1.2 Vitamin Mineral Market 2019-2024 ($M) - Global Industry Research
1.3 Natural Molecule Market 2019-2024 ($M) - Global Industry Research
2.Global Brain Health Supplement Market, By Supplement Form Market 2019-2024 ($M)
2.1 Tablet Market 2019-2024 ($M) - Global Industry Research
2.2 Capsule Market 2019-2024 ($M) - Global Industry Research
3.Global Brain Health Supplement Market, By Age Group Market 2019-2024 ($M)
3.1 Child Market 2019-2024 ($M) - Global Industry Research
3.2 Adult Market 2019-2024 ($M) - Global Industry Research
3.3 Elderly Market 2019-2024 ($M) - Global Industry Research
4.Global Brain Health Supplement Market, By Sale Channel Market 2019-2024 ($M)
4.1 Supermarket Hypermarket Market 2019-2024 ($M) - Global Industry Research
4.2 Drug Store Market 2019-2024 ($M) - Global Industry Research
4.3 Online Store Market 2019-2024 ($M) - Global Industry Research
5.Global Brain Health Supplement Market, By Product Market 2019-2024 (Volume/Units)
5.1 Herbal Extract Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Vitamin Mineral Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Natural Molecule Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Brain Health Supplement Market, By Supplement Form Market 2019-2024 (Volume/Units)
6.1 Tablet Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Capsule Market 2019-2024 (Volume/Units) - Global Industry Research
7.Global Brain Health Supplement Market, By Age Group Market 2019-2024 (Volume/Units)
7.1 Child Market 2019-2024 (Volume/Units) - Global Industry Research
7.2 Adult Market 2019-2024 (Volume/Units) - Global Industry Research
7.3 Elderly Market 2019-2024 (Volume/Units) - Global Industry Research
8.Global Brain Health Supplement Market, By Sale Channel Market 2019-2024 (Volume/Units)
8.1 Supermarket Hypermarket Market 2019-2024 (Volume/Units) - Global Industry Research
8.2 Drug Store Market 2019-2024 (Volume/Units) - Global Industry Research
8.3 Online Store Market 2019-2024 (Volume/Units) - Global Industry Research
9.North America Brain Health Supplement Market, By Product Market 2019-2024 ($M)
9.1 Herbal Extract Market 2019-2024 ($M) - Regional Industry Research
9.2 Vitamin Mineral Market 2019-2024 ($M) - Regional Industry Research
9.3 Natural Molecule Market 2019-2024 ($M) - Regional Industry Research
10.North America Brain Health Supplement Market, By Supplement Form Market 2019-2024 ($M)
10.1 Tablet Market 2019-2024 ($M) - Regional Industry Research
10.2 Capsule Market 2019-2024 ($M) - Regional Industry Research
11.North America Brain Health Supplement Market, By Age Group Market 2019-2024 ($M)
11.1 Child Market 2019-2024 ($M) - Regional Industry Research
11.2 Adult Market 2019-2024 ($M) - Regional Industry Research
11.3 Elderly Market 2019-2024 ($M) - Regional Industry Research
12.North America Brain Health Supplement Market, By Sale Channel Market 2019-2024 ($M)
12.1 Supermarket Hypermarket Market 2019-2024 ($M) - Regional Industry Research
12.2 Drug Store Market 2019-2024 ($M) - Regional Industry Research
12.3 Online Store Market 2019-2024 ($M) - Regional Industry Research
13.South America Brain Health Supplement Market, By Product Market 2019-2024 ($M)
13.1 Herbal Extract Market 2019-2024 ($M) - Regional Industry Research
13.2 Vitamin Mineral Market 2019-2024 ($M) - Regional Industry Research
13.3 Natural Molecule Market 2019-2024 ($M) - Regional Industry Research
14.South America Brain Health Supplement Market, By Supplement Form Market 2019-2024 ($M)
14.1 Tablet Market 2019-2024 ($M) - Regional Industry Research
14.2 Capsule Market 2019-2024 ($M) - Regional Industry Research
15.South America Brain Health Supplement Market, By Age Group Market 2019-2024 ($M)
15.1 Child Market 2019-2024 ($M) - Regional Industry Research
15.2 Adult Market 2019-2024 ($M) - Regional Industry Research
15.3 Elderly Market 2019-2024 ($M) - Regional Industry Research
16.South America Brain Health Supplement Market, By Sale Channel Market 2019-2024 ($M)
16.1 Supermarket Hypermarket Market 2019-2024 ($M) - Regional Industry Research
16.2 Drug Store Market 2019-2024 ($M) - Regional Industry Research
16.3 Online Store Market 2019-2024 ($M) - Regional Industry Research
17.Europe Brain Health Supplement Market, By Product Market 2019-2024 ($M)
17.1 Herbal Extract Market 2019-2024 ($M) - Regional Industry Research
17.2 Vitamin Mineral Market 2019-2024 ($M) - Regional Industry Research
17.3 Natural Molecule Market 2019-2024 ($M) - Regional Industry Research
18.Europe Brain Health Supplement Market, By Supplement Form Market 2019-2024 ($M)
18.1 Tablet Market 2019-2024 ($M) - Regional Industry Research
18.2 Capsule Market 2019-2024 ($M) - Regional Industry Research
19.Europe Brain Health Supplement Market, By Age Group Market 2019-2024 ($M)
19.1 Child Market 2019-2024 ($M) - Regional Industry Research
19.2 Adult Market 2019-2024 ($M) - Regional Industry Research
19.3 Elderly Market 2019-2024 ($M) - Regional Industry Research
20.Europe Brain Health Supplement Market, By Sale Channel Market 2019-2024 ($M)
20.1 Supermarket Hypermarket Market 2019-2024 ($M) - Regional Industry Research
20.2 Drug Store Market 2019-2024 ($M) - Regional Industry Research
20.3 Online Store Market 2019-2024 ($M) - Regional Industry Research
21.APAC Brain Health Supplement Market, By Product Market 2019-2024 ($M)
21.1 Herbal Extract Market 2019-2024 ($M) - Regional Industry Research
21.2 Vitamin Mineral Market 2019-2024 ($M) - Regional Industry Research
21.3 Natural Molecule Market 2019-2024 ($M) - Regional Industry Research
22.APAC Brain Health Supplement Market, By Supplement Form Market 2019-2024 ($M)
22.1 Tablet Market 2019-2024 ($M) - Regional Industry Research
22.2 Capsule Market 2019-2024 ($M) - Regional Industry Research
23.APAC Brain Health Supplement Market, By Age Group Market 2019-2024 ($M)
23.1 Child Market 2019-2024 ($M) - Regional Industry Research
23.2 Adult Market 2019-2024 ($M) - Regional Industry Research
23.3 Elderly Market 2019-2024 ($M) - Regional Industry Research
24.APAC Brain Health Supplement Market, By Sale Channel Market 2019-2024 ($M)
24.1 Supermarket Hypermarket Market 2019-2024 ($M) - Regional Industry Research
24.2 Drug Store Market 2019-2024 ($M) - Regional Industry Research
24.3 Online Store Market 2019-2024 ($M) - Regional Industry Research
25.MENA Brain Health Supplement Market, By Product Market 2019-2024 ($M)
25.1 Herbal Extract Market 2019-2024 ($M) - Regional Industry Research
25.2 Vitamin Mineral Market 2019-2024 ($M) - Regional Industry Research
25.3 Natural Molecule Market 2019-2024 ($M) - Regional Industry Research
26.MENA Brain Health Supplement Market, By Supplement Form Market 2019-2024 ($M)
26.1 Tablet Market 2019-2024 ($M) - Regional Industry Research
26.2 Capsule Market 2019-2024 ($M) - Regional Industry Research
27.MENA Brain Health Supplement Market, By Age Group Market 2019-2024 ($M)
27.1 Child Market 2019-2024 ($M) - Regional Industry Research
27.2 Adult Market 2019-2024 ($M) - Regional Industry Research
27.3 Elderly Market 2019-2024 ($M) - Regional Industry Research
28.MENA Brain Health Supplement Market, By Sale Channel Market 2019-2024 ($M)
28.1 Supermarket Hypermarket Market 2019-2024 ($M) - Regional Industry Research
28.2 Drug Store Market 2019-2024 ($M) - Regional Industry Research
28.3 Online Store Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Brain Health Supplements Market Revenue, 2019-2024 ($M)2.Canada Brain Health Supplements Market Revenue, 2019-2024 ($M)
3.Mexico Brain Health Supplements Market Revenue, 2019-2024 ($M)
4.Brazil Brain Health Supplements Market Revenue, 2019-2024 ($M)
5.Argentina Brain Health Supplements Market Revenue, 2019-2024 ($M)
6.Peru Brain Health Supplements Market Revenue, 2019-2024 ($M)
7.Colombia Brain Health Supplements Market Revenue, 2019-2024 ($M)
8.Chile Brain Health Supplements Market Revenue, 2019-2024 ($M)
9.Rest of South America Brain Health Supplements Market Revenue, 2019-2024 ($M)
10.UK Brain Health Supplements Market Revenue, 2019-2024 ($M)
11.Germany Brain Health Supplements Market Revenue, 2019-2024 ($M)
12.France Brain Health Supplements Market Revenue, 2019-2024 ($M)
13.Italy Brain Health Supplements Market Revenue, 2019-2024 ($M)
14.Spain Brain Health Supplements Market Revenue, 2019-2024 ($M)
15.Rest of Europe Brain Health Supplements Market Revenue, 2019-2024 ($M)
16.China Brain Health Supplements Market Revenue, 2019-2024 ($M)
17.India Brain Health Supplements Market Revenue, 2019-2024 ($M)
18.Japan Brain Health Supplements Market Revenue, 2019-2024 ($M)
19.South Korea Brain Health Supplements Market Revenue, 2019-2024 ($M)
20.South Africa Brain Health Supplements Market Revenue, 2019-2024 ($M)
21.North America Brain Health Supplements By Application
22.South America Brain Health Supplements By Application
23.Europe Brain Health Supplements By Application
24.APAC Brain Health Supplements By Application
25.MENA Brain Health Supplements By Application
26.Accelerated Intelligence Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Alternascript Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Aurobindo Pharma Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Hvmn Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Keyview Labs, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Liquid Health, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Natural Factor Nutritional Product Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Onnit Labs, Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Purelife Bioscience Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Quincy Bioscience, Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)