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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Brain Health Supplements Market Size
The global brain health supplements market attained a value of USD 6.80 billion in 2023. The market is expected to grow at a CAGR of 8% in the forecast period of 2024-2032 to reach a value of USD 13.81 billion by 2032.
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Rising Public Education About Healthy Living to Aid the Market Growth of Brain Health Supplements
The global market for brain health supplements is rapidly growing. Region-wise, the Asia Pacific is expected to be a significant market for brain health supplements. This could be attributed to the growing regional demand for the product specially by two demographics including old and the young population. Within the Asia Pacific, India and China are the major contributors to the flourishing market growth and are expected to continue to be major markets in the regional industry over the forecast period as well. Meanwhile, North America is also predicted to be one of the major regions for brain health supplements, followed by Europe. The market growth in North America is being driven by the rising public education about healthy living, along with the growing awareness about the availability of brain fitness centres, brain fitness programmes, and brain fitness classes.
Brain Health Supplements Industry Segmentation
Brain health supplements includes vitamins and nutritional benefits that helps in increasing concentration level, reducing stress, uplift mood or memory, and protect from anxiety, depression and dementia. Brain health supplements can be consumed in various forms like tablets, capsules, powders, and others.
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On the basis of product, the market is divided into:
- Vitamins and Minerals
- Herbal Extract
- Natural Molecules
- Others
Based on supplement form, the industry can be segmented into:
- Tablets
- Capsules
- Liquid
By age group, the industry is categorised into:
- Children
- Adults
- Elderly
On the basis of distribution channel, the industry is segmented into:
- Supermarket and Hypermarket
- Drug Store
- Online
- Others
Based on application, the industry is divided into:
- Depression and Mood
- Anti-Ageing and Longevity
- Memory Enhancement
- Sleep and Recovery
- Attention and Focus
- Anxiety
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Mental Stress to Aid the Market Growth of Brain Health Supplements
The market growth of brain health supplements is being driven by the busy lifestyles of people, along with the mental stress caused due to various reasons including financial or family matters. The easy availability of the product at the nearest drugstore is aiding the market growth. The proliferation of drugstores is therefore, enhancing the market growth of brain health supplements. In addition, the internet sales channel is estimated to exhibit an exponential growth over the forecast period, furthering the market growth. The online purchasing is being supported by the rising penetration of internet and increasing concern for convenience among consumers globally.
Key Industry Players in the Global Brain Health Supplements Market
The report gives a detailed analysis of the following key players in the global brain health supplements market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Accelerated Intelligence Inc.
- Purelife bioscience Co., Ltd.
- AlternaScript LLC
- Liquid Health, Inc.
- Quincy Bioscience
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Supplement Form |
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| Breakup by Age Group |
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| Breakup by Distribution Channel |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Brain Health Supplements Market Report Snapshots
Brain Health Supplements Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 6.80 billion.
The market is projected to grow at a CAGR of 8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 13.81 billion by 2032.
The major drivers of the market are the rising disposable incomes, increasing population, growing demand from the developing regions, and the busy lifestyles of people.
The key trends guiding the growth of the market include the growing awareness about brain fitness centres, increasing availability of brain fitness programmes, and rising popularity of brain fitness classes.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading products in the market are vitamins and minerals, herbal extract, and natural molecules, among others.
The major supplement forms in the market are tablets, capsules, and liquid.
The significant age groups in the market are children, adults, and elderly.
The leading distribution channels in the market are supermarket and hypermarket, drug store, and online, among others.
The major applications in the market are depression and mood, anti-ageing and longevity, memory enhancement, sleep and recovery, attention and focus, and anxiety, among others.
The major players in the global brain health supplements market are Accelerated Intelligence Inc., Purelife bioscience Co., Ltd., AlternaScript LLC, Liquid Health, Inc., and Quincy Bioscience, among others.
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