Brain health supplements are herbal extracts, which possess cognitive benefits such as improvement in memory, creativity, attention, motivation, and alertness. The global brain health supplements market generated $3,194 million in 2016, and is anticipated to reach $5,813 million by 2023, growing at a CAGR of 8.8% from 2017 to 2023.
The brain health supplements market is projected to grow significantly during the forecast period, due to rise in desire to enhance brain functions among students, scientists, and investment bankers along with growth in number of promotional activities carried out by the key players. Rapid growth of e-commerce industry facilitates product availability, which in turns drives the growth of the market. Furthermore, surge in number of self-directed consumers, abundant availability of brain health supplements, and increase in awareness about brain health supplements among the general population in the developing countries are anticipated to drive the market growth in the coming years. However, lack of awareness about brain health supplements in under developed regions hinders the growth of the market.
The report segments the market based on product, application, sales channel, age group, supplements form, and region. On the basis of product, the market is classified into herbal extracts (ginseng, ginkgo biloba, curcumin, lion's mane, bacopa monnieri and others), vitamins & minerals (vitamin B, vitamin C and E, and others), and natural compounds (acetyl-L-carnitine, alpha GPC, citicoline, docosahexaenoic acid, huperzine-A, and others). The applications covered in the study include memory enhancement, mood & depression, attention & focus, longevity & anti-aging, sleep & recovery, and anxiety. By sales channel, the market is categorized into supermarkets & hypermarkets, drug stores, online stores, and others. According to age group, it is divided into children, adults, and elderly. Depending on supplement form, it is fragmented into capsules, tablets, and others. Region wise, it is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the market along with current trends and future estimations to elucidate the imminent investment pockets.
It offers a quantitative analysis from 2016 to 2023, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
By Product
Herbal Extract
Ginseng
Ginkgo Biloba
Curcumin
Lion's Mane
Bacopa Monnieri
Others
Vitamins & Minerals
B Vitamins
Vitamin C & E
Others
Natural Molecules
Acetyl-L-carnitine
Alpha GPC
Citicoline
Docosahexaenoic Acid (DHA)
Huperzine-A
Others
By Application
Memory Enhancement
Mood & Depression
Attention & Focus
Longevity & Anti-aging
Sleep & Recovery
Anxiety
By Supplements Form
Tablets
Capsules
Others
By Age Group
Children
Adults
Elderly
By Sales Channel
Supermarkets & Hypermarkets
Drug Stores
Online Stores
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
Accelerated Intelligence Inc.
AlternaScript, LLC
HVMN Inc.
Liquid Health, Inc.
Aurobindo Pharma Limited
Natural Factors Nutritional Products Ltd.
Onnit Labs, LLC
KeyView Labs, Inc.
Purelife Bioscience Co., Ltd.
Quincy Bioscience
