Brain Health Supplements Industry Outlook, 2029

Dublin, October 15, 2021 (GLOBE NEWSWIRE) – The “Brain Health Supplements Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2021-2029” report was added to ResearchAndMarkets.com offer.

Global Brain Health Supplements Market is expected to grow with increasing aging population and combating neurological disorders. The market is expected to grow at a CAGR of 10% from 2021 to 2029.

Students, scientists, entrepreneurs and investment bankers are increasingly aware that they are opting for memory boosters in order to sharpen their minds and gain an edge over the competition. Brain health supplements are not new, they have been in use since the 1970s. Brain health supplement industries are expected to show significant market growth during the forecast period.

The key factors which are contributing to the growth of the brain health supplements market are the strong desire to improve brain function in the adult population, the increase in population, the increasing number of autonomous consumptions, and the high penetration of promotional activities carried out by the main players.

Alpha GPC occupies the largest market share

Several ingredients are used around the world to improve brain function, such as acetyl-L-carnitine, ginkgo, ginseng, alpha GPC, bacopa monnieri, DHA, and tryptopha. It is observed that Alpha GPC containing supplements for brain health occupies the largest market share. It is followed by Acetyl-L-Carnitine precursor of acetylcholine) and DHA (omega-3 form). Bacopa Monnieri containing supplements for brain health is predicted to be the fastest growing market among all with a CAGR of 21.4% for the forecast period 2021-2029.

Memory Enhancement Segment Expected to Maintain Lead During Forecast Period

For the purposes of this study, the main applications of supplements for brain health are improving memory, mood and depression, attention and concentration, longevity and the fight against aging, recovery of sleep and improved dreams, and anxiety. In the base year 2020, the memory enhancement segment has proven to be the most important segment and is expected to maintain its lead during the forecast period 2021-2029.

Key factors contributing to the growth of the memory enhancement segment include growing awareness of the benefits mainly among students, scientists, entrepreneurs and investment bankers opting for memory enhancers to sharpen their minds in order to gain the advantage over the competition.

Online stores held the largest segment of the global brain health supplements market

Online stores held the largest market in the global brain health supplement market due to the availability of a wide variety of products compared to supermarkets / hypermarkets and drugstores. The variety of prices, private labels, product launches, wide product lines and discounts offered has increased the popularity of online stores. In addition, the frequency of online searches has increased dramatically over the past two years, creating greater business opportunities for the market.

Growing number of supermarkets and hypermarkets in developing countries, manufacturers of nutritional products are targeting supermarkets and hypermarkets to reach the masses, would help the supermarket / hypermarket segment to grow at a steady pace during the period forecast.

Asia-Pacific expected to project the strongest growth

North America is the largest regional market for brain health supplements accounting for over 54.8% market share in 2020. Strong desire to improve brain function among adult population, higher number boomers and easy availability of quality products that drive market growth in North America.

However, Europe is expected to be the second largest regional market for brain health supplements, growth is mainly driven by the elderly and young population. Asia-Pacific is expected to project the highest growth throughout the forecast period due to populated countries, increased foreign investment in collaboration with local players, economic development and increased consumer awareness in the upper middle income segment.

Key players profiled

  • Teva Pharmaceutical Industries Ltd.

  • Purelife Bioscience Co. Ltd.

  • Quincy Biosciences, LLC

  • Natural Factors Nutritional Products Ltd.

  • Liquid Health, Inc.

  • HVMN inc.

  • Nootropic peak

  • AlternaScript LLC

The key strategies of these companies include research and innovation, through effective collaboration with different stakeholders to take advantage of competitive advantages.

Other profiled companies

  • Accelerated Intelligence, Inc.

  • AlternaScript LLC

  • Aurobindo Pharma Limited (Natroll, LLC)

  • Ceretropic

  • Clarity Nootropics

  • HVMN inc.

  • KeyView Labs, Inc.

  • Lifting mode

  • Liquid Health, Inc.

  • Natural factors inc.

  • Natural Factors Nutritional Products Ltd.

  • Nootrico

  • Nootropic Source

  • Onnit Labs LLC

  • OptiMind

  • Nootropic peak

  • Powder City LLC

  • Purelife Bioscience Co. Ltd.

  • Quincy Biosciences, LLC

  • Reckitt Benckiser plc Group

  • SupNootropic Biological Technology Co. Ltd.

  • Teva Pharmaceutical Industries Ltd.

Answers to key questions

  • What are the key market segments in the current scenario and in the future by product categories?

  • What are the key market segments in the current scenario and in the future by region?

  • What is the key impact of COVID-19 on market revenue and market determinants in the Brain Health Supplements market?

  • What are the primary and secondary macro and micro factors influencing the growth of the market now and over the forecast period?

  • What are the primary and secondary macro and micro factors that deter the growth of the market now and during the forecast period?

  • How to meet the current challenges of the market and take advantage of the opportunities in each of the market segments?

  • Who are the major players in the Brain Health Supplements market and what are their major product categories and strategies?

  • What are the key strategies – mergers / acquisitions / R & D / strategic partnerships, etc. that companies are deploying to improve revenue and market growth?

For more information on this report, visit https://www.researchandmarkets.com/r/djqi18

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