Brain Health Supplements Market is estimated to reach US$ 18,504.3 million by 2030

Market Overview:
The primary goal of the brain health supplement market is to meet the increasing demand for products that can potentially boost brain function and prevent cognitive decline associated with aging. As people become more aware of the significance of maintaining brain health and cognitive performance, the market offers a variety of supplements to support their needs.

However, one of the primary challenges is the lack of strict regulations and supervision in the supplement industry, which can result in concerns about the safety, effectiveness, and quality of brain health supplements. Some products may make unproven claims or contain harmful ingredients, which can undermine consumer confidence.

Brain Health Supplements Market Size
The Global Brain Health Supplements Market size was valued at US$ 8,029.6 million in 2022 and is estimated to reach US$ 18,504.3 million by 2030, growing at a CAGR of 8.7% during the forecast period (2023-2030).

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Market Drivers: Rising prevalence of mental health disorders
The global market for brain health supplements is expected to grow due to the increasing number of elderly people suffering from various mental health disorders such as Alzheimer's, depression, and anxiety.

According to the Institute of Health Metrics and Evaluation (IHME) and Global Burden of Disease (GBD), about 792 million people worldwide, or 10.7% of the population, are estimated to suffer from a mental health disorder as of April 2022. Depression cases were around 264 million and anxiety cases were around 284 million in 2021. In 2020, the number of people with anxiety disorders was estimated to be 264 million, an increase of 14.5% from 2005.

Market Trends:
Increasing Demand for Natural and Herbal Extract Supplements
There is a rising demand among consumers for brain health supplements made from natural and herbal ingredients. This demand is driven by the belief that natural ingredients are safer and have fewer side effects than synthetic ones. In response to this trend, manufacturers have introduced a wide variety of brain health supplements that contain herbal extracts, such as ginkgo biloba, bacopa monnieri, and curcumin.

Market Segmentation Analysis:
the global brain health supplements market is segmented by product type into herbal extracts, vitamins & minerals natural molecules, by application into memory enhancement, mood & depression, attention & focus, longevity & anti-ageing, sleep & recovery, anxiety; by supplement form into tablets, capsules, others; by age group into geriatric, adults, paediatrics; by distribution channel into supermarkets & hypermarkets, drug stores, online stores.

Based on the product, During the forecast period from 2023 to 2030, the vitamins and minerals segment is expected to witness a substantial compound annual growth rate (CAGR) of 14.3%. This growth can be attributed to the increasing awareness about the benefits of vitamins and minerals, which is projected to boost the demand for supplements in this segment. Vitamins and minerals have been known to play a pivotal role in preventing age-related cognitive decline, as well as developmental disorders such as Alzheimer's disease and dementia.

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Global Brain Health Supplement Market Geographical Share:
The global brain health supplements market is analyzed across North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
North America region holds the largest market share in the global brain health supplement market
North America accounted for the largest share of the global brain health supplement ingredients market due to awareness about the use of brain health supplements. The increasing brain health issues, such as depression and dementia, boost the demand for the products. Depression, stress, and anxiety are common mental illnesses among adolescents and millennials in the region.

Competitive Landscape:
1. Purelife AlternaScript
2. Liquid Health, Inc.
3. HVMN Inc.
4. Natural Factors Nutritional Products Ltd.
5. Onnit Labs, LLC

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