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Brain Health Supplements Market market is expected to grow at a CAGR of 15.2% during the forecasted period | Evolve Business Intelligence
As per the study initiated by Evolve Business Intelligence, the global Brain Health Supplements Market size accounted for USD 12.5 Billion in 2023, growing at a CAGR of 15.2% from 2023 to 2033. Brain health supplements are dietary supplements formulated to support and enhance cognitive function, memory, and overall brain health. These supplements often contain a variety of ingredients such as vitamins, minerals, herbs, amino acids, and other compounds that are believed to have positive effects on the brain.Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021469
As the global population ages, there is a growing concern about age-related cognitive decline and neurodegenerative diseases such as Alzheimer's. This has led to increased interest in and demand for supplements that may support brain health and potentially reduce the risk of cognitive decline. There is a greater awareness of the importance of mental health and cognitive function. People are more informed about the impact of lifestyle factors, diet, and nutritional supplements on brain health, leading to a higher demand for products that claim to enhance cognitive performance. Modern lifestyles often involve high levels of stress, lack of sleep, and poor dietary habits, which can negatively affect cognitive function. Consumers are seeking ways to mitigate these effects and maintain optimal brain health, contributing to the popularity of brain health supplements.
Key Players
Some of the major Brain Health Supplements Market players holding high market shares include Quincy Bioscience, LLC., Natural Factors Nutritional Products Ltd., AlternaScript LLC, Purelife Bioscience Co., Ltd. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Accelerated Intelligence Inc., HVMN Inc., KeyView Labs, Inc., Liquid Health, Inc., Aurobindo Pharma Limited (Natroll, LLC), Onnit Labs, LLC
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Segmental Analysis
Based on age group, the Brain Health Supplements market is segmented into Children, Adults, and Elderly. The children's segment is the largest segment of the Brain Health Supplements market. This is due to the growing awareness of the importance of brain health in children and the increasing number of children being diagnosed with learning disabilities and attention deficit disorders.
Based on the product, the Brain Health Supplements market is Herbal Extract, Vitamins and minerals, and Natural Molecules. The herbal extract segment is the largest segment of the Brain Health Supplements market. This is due to the growing popularity of herbal remedies and the belief that herbal extracts are more natural and effective than synthetic supplements.
Based on application, the Brain Health Supplements market is a Memory Enhancement, Mood & Depression, Attention and Focus, Longevity and anti-aging, Sleep and recovery, and Anxiety. The memory enhancement segment is the largest segment of the Brain Health Supplements market. This is due to the growing concern about memory loss and the increasing number of people being diagnosed with Alzheimer's disease and other forms of dementia.
Based on sales channels, the Brain Health Supplements market is Supermarkets and hypermarkets, Drug Stores, Online Stores, and Others. The supermarkets & hypermarkets segment is the largest segment of the Brain Health Supplements market. This is due to the convenience of purchasing supplements at these stores and the wide variety of products that they offer
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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