June 29, 2022
As per the research report titled ‘Global Brain Health Supplements Market 2022-2028’, available with MarketStudyReport, global brain health supplements market is estimated to attain a valuation of USD 6,170 million by the end of 2028, registering a CAGR of 7.8% during the forecast period.
Rising cases of dementia in the growing geriatric population, rapid progress of e-commerce platforms facilitating product availability, and surging preference for memory enhancement supplements among students, investment bankers, etc. are factors favoring the expansion of global brain health supplements industry.
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Furthermore, widespread awareness about mental health issues like depression, anxiety, and so on is creating lucrative opportunities for businesses in this line of work.
Aside from a thorough explanation of important growth determinants and potential outcomes, the research also elaborates on the constraints and obstructions, along with the viable solutions that will enable investors to attain economic security.
On top of that, the study conducts an in-depth evaluation of market size, key trends, competitive scenario, and different segmentations. It also explores the influence of the COVID-19 outbreak on industry growth.
In terms of product type, worldwide brain health supplements market is split into vitamins & minerals, herbal extracts, and natural molecules. Among these, the natural molecules segment accounted for a significant revenue share in 2021 and is expected to garner decent traction throughout the analysis period.
Based on application spectrum, the industry is bifurcated into stress & anxiety, sleep & recovery, memory enhancement, depression & mood, attention & focus, and anti-aging & longevity.
Speaking of the supplement form, the classification of the business sphere consists of capsules and others. Moving onto the distribution channel, the market is divided into online, drug stores, supermarkets & hypermarkets, and others.
From a regional frame of reference, the market trends are examined across North America, Asia Pacific, and Europe.
Lastly, the study scrutinizes the profiles of leading players in global brain health supplements industry such as Thesis, Quincy Bioscience LLC, OptiMind, Natural Factors Nutritional Products Ltd., Liquid Health, Inc., KeyView Labs, Inc. (Procera Health), AlternaScript LLC, Teva Pharmaceutical Industries Ltd., Purelife Bioscience Co., Ltd., Onnit Labs, Inc., Natrol LLC, Liftmode, HVMN, Inc., and Accelerated Intelligence, Inc. among others.