According to the recent
study the brain health supplement market is projected to reach
an estimated $14.4 billion by 2028 from $9.3 billion in 2023, at a CAGR of 9.3%
from 2023 to 2028. Growth in this market is primarily driven by growing demand
for herbal extracts based supplements, rising cases of brain disease, such as
alzheimer’s, dementia, and brain tumors, and increasing need for these
supplements in the sports industry to boost players' brain performance.
A more than 150–page
report is developed to understand trends, opportunities and forecast in brain
health supplement market by product (natural molecules, herbal extract, and
vitamins & minerals), application (memory enhancement, attention &
focus, depression & mood, sleep and recovery, anti-aging & longevity,
and stress & anxiety), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
“Natural molecule market is expected to remain the largest segment
during the forecast period.”
Based on product, the
brain health supplement market is segmented into natural molecules, herbal
extract, and vitamins & minerals . Lucintel forecasts that the natural molecule
market is expected to remain the largest segment due to the growing consumption
of supplements made with organic and natural ingredients.
“Within the brain health supplement market, the memory enhancement
segment is expected to remain the largest application.”
Based on application the
memory enhancement segment is expected to witness the highest growth over the
forecast period due to the growing competition in the academic sector and
increasing trend of youngsters participating in multiple activities outside of
their primary profession, such as adventure sports, social events, and
part-time jobs.
“North America will dominate the brain health supplement market in
near future.”
North America will
remain the largest region due to the growing number of patients with mental
health issues, increasing awareness of health issues, particularly among young
people, and expanding acceptance of these medications to enhance cognitive
health of the population in the region.
Major players of brain
health supplement market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Accelerated
Intelligence, AlternaScript, Aurobindo Pharma (Natroll, LLC), HVMN, Intelligent
Labs, and KeyView Labs are among the major brain health supplement providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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