Press release
Brain Health Supplements Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Accelerated Intelligence Inc., AlternaScript LLC, Aurobindo Pharma Limited, HVMN Inc
Brain Health Supplements Market Characteristics
The Business Research Company offers in-depth market insights through Brain Health Supplements Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Rising Prevalence Of Brain Diseases Boosts Brain Health Supplements Market
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.
Competitive Landscape:
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
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Top Trend - Product Innovation In Brain Health Supplements Market
Product innovation is a key trend gaining popularity in the brain health supplements market. Major companies operating in the brain health supplements market are developing innovative products to sustain their position in the brain health supplements market. For instance, in March 2022, Cosmos Holdings, a US-based pharmaceutical company, launched Proprietary Sky Premium Life Brainlit, an advanced formula to maintain and enhance brain function. Alzheimer's disease and other kinds of dementia, Parkinson's disease, depression, and anxiety have all been on the rise in recent years, despite a substantial unmet demand for effective treatment alternatives. The Brainlit supplement is created with the best quality raw ingredients and includes Ginkgo biloba, glutamine, L-tyrosine, and other vitamins and minerals important for brain function.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Brain Health Supplements Market Characteristics
3. Brain Health Supplements Market Trends And Strategies
4. Brain Health Supplements Market - Macro Economic Scenario
5. Brain Health Supplements Market Size And Growth
…..
27. Brain Health Supplements Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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