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Cognitive Supplements Market Set to Reach 0.91 Billion by 2029 with 13.5% Yearly Growth
Cognitive Supplements Market
The cognitive supplements market has grown rapidly, projected to grow from $0.48 billion in 2024 to $0.55 billion in 2025, at a compound annual growth rate (CAGR) of 13.9%. This growth is driven by increasing awareness of cognitive health benefits, the rise of nootropics and smart drugs, greater consumer interest in mental well-being, and rising stress levels.
The cognitive supplements market is expected to see rapid growth, reaching $0.91 billion by 2029 at a CAGR of 13.5%. Growth is driven by the rising prevalence of neurological disorders, the expansion of e-commerce platforms, the growing focus on mental wellness, and increasing disposable income. Major trends include the adoption of nootropic supplements, natural and herbal ingredients, and sustainable sourcing practices.
What Are the Forces Behind the Rapid Growth of the Cognitive Supplements Market?
The increasing aging population is expected to propel the growth of the cognitive supplement market. Cognitive supplements, which support brain health and improve memory, are increasingly sought after by the aging population. The Population Reference Bureau projected that the number of Americans aged 65 and older will rise from 58 million in 2022 to 82 million by 2050, driving demand for cognitive health solutions.
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Who Are the Dominant Companies Influencing Cognitive Supplements Market Trends?
Major companies operating in the cognitive supplements market report are Amway Corporation; Lonza Group AG; Glanbia PLC; Herbalife Nutrition Ltd.; Swanson Health Products; NOW Health Group Inc.; Thorne Healthtech Inc.; Life Extension; Jarrow Formulas Inc.; MegaFood; Natural Factors Inc.; Integrative Therapeutics; Gaia Herbs; Solgar Inc; Nordic Naturals; Liquid Health Inc.; Doctor's Best Inc; Onnit Labs Inc.; Nature's Bounty Co.; Carlson Labs; HVMN Inc.; Vital Nutrients Inc.; Douglas Laboratories; Source Naturals; Garden of Life
How Is the Cognitive Supplements Market Evolving?
In the cognitive supplements market, companies are offering personalized cognitive health solutions through subscription-based models to cater to individual preferences and ensure convenient access to supplements. A subscription model allows consumers to receive their cognitive supplements on a regular basis, usually monthly or quarterly. For example, in May 2022, Estrid, a Sweden-based health and wellness company, launched April, a wellness brand that combines modern science with traditional herbal medicines. The brand offers vegan, subscription-based supplements, including products for cognitive function, energy, collagen production, and psychological support, while ensuring sustainability through collaborations with industry experts.
What Are the Different Segmentations in the Cognitive Supplements Market?
The cognitive supplements market covered in this report is segmented -
1) By Product Type: Natural Molecules, Herbal Extract, Vitamins And Minerals
2) By Form: Chewable, Capsules
3) By Distribution Channel: Super market, Medical Stores, Online Retail Stores, Other Distribution Channels
Subsegments:
1) By Natural Molecules: Omega-3 Fatty Acids, Phosphatidylserine, Acetyl-L-Carnitine, Ginkgo Biloba
2) By Herbal Extract: Rhodiola Rosea, Bacopa Monnieri, Panax Ginseng, Ashwagandha
3) By Vitamins And Minerals: Vitamin B Complex, Vitamin D, Magnesium, Zinc
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Which Region Is at the Forefront of the Cognitive Supplements Market?
North America was the largest region in the cognitive supplements market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cognitive Supplements Global Market Report?
- Market Size Analysis: Analyze the Cognitive Supplements Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cognitive Supplements Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cognitive Supplements Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cognitive Supplements Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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