Brain Health Supplements Market Growth, Industry Analysis, Size, Share 2024-2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Brain Health Supplements Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The brain health supplements market size has grown rapidly in recent years. It will grow from $9.63 billion in 2023 to $10.77 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to e-commerce expansion, personalized nutrition growth, scientific validation and research, digital overload and screen time.

The brain health supplements market size is expected to see rapid growth in the next few years. It will grow to $16.93 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to aging population trends, increasing health awareness, stress and mental health concerns, preventive healthcare focus, advancements in supplement formulations. Major trends in the forecast period include celebrity endorsements and influencer marketing, regulatory support and safety standards, personalized nutrition trends, clinical research and validation, evolving consumer preferences.

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Key Market Players:

Major companies operating in the brain health supplements market report are Accelerated Intelligence Inc., AlternaScript LLC, Aurobindo Pharma Limited, HVMN Inc., KeyView Labs Inc., Liquid Health Inc., Natural Factors Nutritional Products Ltd., NOW Health Group Inc., Onnit Labs LLC, Peak Nootropics LLC, Purelife Bioscience Co. Ltd., Quincy Bioscience LLC, Reckitt Benckiser Group plc, Teva Pharmaceutical Industries Ltd., Vital Basics Inc., Koninklijke DSM NV, BASF SE, Lonza Group, Glanbia plc, Archer-Daniels-Midland Company, Nutra-Life Health & Fitness Pvt. Ltd., Nutraceutical International Corporation, Nutrionn Health Care Pvt. Ltd., NutraChamps Inc., Ceretropic LLC, Neurohacker Collective LLC, Life Extension Foundation Buyers Club Inc., Gaia Herbs LLC, Garden of Life LLC, Country Life LLC, BrainGear Inc., BioSchwartz LLC

Market Drivers:

An increase in the prevalence of brain diseases is expected to propel the growth of the brain health supplements market going forward. Brain diseases refer to a disability that affects the brain and is considered a disorder. Essential nutrient supplementation, such as long-chain polyunsaturated fatty acids, vitamin E, and mineral elements, may reduce inflammation, improve antioxidative defense, and reduce the risk. For instance, in October 2022, according to a report released by the BrightFocus Foundation, a US-based non-profit organization, it is expected that about 500k new instances of Alzheimer's disease would be identified in the United States every year. Alzheimer's dementia affects 5% of those aged 65 to 74, 13% of those aged 75 to 84, and 33% of those aged 85 and older. Therefore, an increase in the prevalence of brain diseases is driving the growth of the brain health supplements market.

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The brain health supplements market covered in this report is segmented -

1) By Product: Natural Molecules, Herbal Extract, Vitamins and Minerals
2) By Supplement Form: Tablets, Capsules, Liquid
3) By Distribution: Supermarket and Hypermarket, Drug Store, Online
4) By Application: Memory Enhancement, Mood and Depression, Attention and Focus, Longevity and Anti-aging, Sleep and Recovery, Anxiety

The report answers the following questions:

What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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