Brain Health Supplements Market Report 2022: An Overview

Dublin, Dec. 22, 2022 (GLOBE NEWSWIRE) — The report Brain Health Supplements Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Product, Application, Dosage Form, Distribution Channel and Age category’ was added to ResearchAndMarkets.com supply.

The global brain health supplements market is expected to grow from USD 6,634.31 million in 2021 to USD 14,249.53 million by 2028. It is expected to grow at a CAGR of 11.7% from 2022 until 2028

Insights into the region

An aging population is a growing concern in the US, and these people are more likely to develop mental illnesses such as Alzheimer’s, dementia and depression. According to the US Census Bureau, the geriatric population is expected to reach 80 million in 2040. According to a survey conducted in June 2021 by the American Association of Retired Persons (AARP), 78% of US adults aged 50 and older years take a vitamin or nutritional supplement, and 21% of adults 50 and older take a vitamin or nutritional supplement for their brain health. The study results also indicated that ~71% of brain health supplements were taken to improve memory, 60% to improve mental acuity, and 12% to delay dementia. Thus, the growing aging population and increasing cases of mood disorders are driving the growth of the brain health supplements market in the US.

Depression is one of the leading mood disorders in the US elderly population. According to the National Center for Health Statistics, 18.5% of US adults suffer from depression, and ~20 million adults had symptoms of depression in 2019. According to the US Government Publishing Office, Washington 2021, the US military spends ~100 million each year for brain-enhancing drugs. These medications are used under specific conditions to improve cognitive test scores and improve sleep for up to 90 hours, because due to continuous operations in training or deployment environments, service members are often challenged to achieve restorative sleep in these stressful environments .

Product Insights

On the basis of product, the brain health supplements market is segmented into natural molecules, herbal extracts, and vitamins and minerals. The natural molecule is further segmented into acetyl-carnitine, citicoline, huperzine-A, alpha GPC, docosahexaenoic acid (DHA) and others. The herbal extract is further segmented into ginseng, curcumin, lion’s mane, ginkgo biloba, Bacopa monnieri and others. Vitamins and minerals are further segmented as vitamins C and E, vitamin B complex and others. In 2021, the natural molecules segment accounts for the largest share; However, the herbal extracts segment is expected to grow at a CAGR of 12.5% ​​during the forecast period. Because these extracts help improve memory function, they are likely to reduce the rate of dementia.

According to the Mayo Foundation for Medical Education and Research (MFMER) report, herbal supplements are regulated by the US Food and Drug Administration (FDA), but not as strictly as prescription and over-the-counter (OTC) products. In the US, the leaf extract is sold as a supplement called ginkgo biloba, acting as one of the main selling points of memory enhancers. For example, one of the largest clinical trials investigating the Ginkgo Evaluation of Memory (GEM) study, in which researchers recruited over 3,000 older adults aged 79 years on average, of whom 54% were men with cognitive impairment. function or mild cognitive impairment. In the study, each was given either 120 milligrams of ginkgo or a placebo twice a day for nearly six years; dosage was determined with reference to previous studies. The results found that Ginkgo biloba extract reduced the rate of dementia.

Age category data

On the basis of age category, the brain health supplements market is segmented into adults, children, and senior citizens. The adult segment held the largest market share in 2021 and is also expected to be the largest shareholder in the market by 2028. According to the National Institutes of Health (NIH) report, epidemiological studies reveal that Alzheimer’s disease is often found in middle-aged adults. Additionally, the Cleveland Clinic report states that ~2.5% of adults worldwide have attention deficit hyperactivity disorder (ADHD), while 4.4% of US adults have ADHD. In addition, the herb ginkgo is popular among adults as a dietary supplement to support cognitive health. It works better than any other supplement to prevent dementia in the elderly. Consumption of brain health supplements is high among adults due to the increasing prevalence of cognitive impairment.

Distribution channel insights

On the basis of distribution channel, the brain health supplements market is segmented into supermarket and hypermarket, pharmacy, online, and others. The supermarket and hypermarket segment held the largest market share in 2021; however, the online segment is expected to be the largest shareholder in the market by 2028. Consumers prefer to buy brain health supplements from supermarkets and hypermarkets as they can view the products in person.

In addition, the wide availability of a large number of brands in supermarkets and hypermarkets attracts consumers to purchase products through these channels. For example, most brain health supplement products are available in major retail channels, such as Walmart, Walgreens, CVS Pharmacy, and Kroger, because they have large customer bases and extensive supply networks.

Market dynamics

Market drivers

  • Increasing prevalence of major depressive disorder
  • The growing demand for brain supplements among the older population

Major market constraints

  • Lack of regulations and false claims by manufacturers

Key market opportunities

  • Emerging markets in developing countries

Future trend

Main topics covered:

1. Introduction

2. Key findings

3. Research methodology

4. Brain Health Supplements Market – Market Landscape

5. Brain Health Dietary Supplements Market – Key Market Dynamics

6. Brain Health Supplements Market – Global Analysis

7. Global Brain Health Supplements Market – Revenue and Forecast to 2028 – By Product

8. Global Brain Nutritional Supplements Market – Revenue and Forecast to 2028 – by Application

9. Global Brain Health Supplements Market – Revenue and Forecast to 2028 – By Dosage Form

10. Global Brain Health Supplements Market – Revenue and Forecast to 2028 – by Distribution Channel

11. Global Brain Nutritional Supplements Market – Revenue and Forecast to 2028 – by Age Category

12. Brain Health Supplements Market – Revenue and Forecast to 2028 – Geographical Analysis

The mentioned companies

  • Danone SA
  • Health by Modern Nutrition Inc.
  • LIQUID HEALTH, INC.
  • Natural factors
  • Unilever PLC
  • Top Nootropics
  • Purelife bioscience Co., Ltd.
  • Quincy Bioscience
  • Procera Health
  • Harbin Pharmaceutical Group Co., Ltd.

For more information on this report, visit https://www.researchandmarkets.com/r/j7iky3

  • Market for brain health supplements

        

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