Brain Health Supplements Market to Grow at 5,813 million by 2023: COVID Impact & Post COVID Analysis, Business Opportunities, and Strategies


 

Natural substances or herbal extracts that boost memory, creativity, attention, motivation and alertness in healthy people are known as brain health supplements. The global brain health supplements market is expected to grow due to an increase in the number of promotional activities carried out by key players increased willingness among the general population to improve brain functions, an increase in the number of self-directed consumers, and increased awareness among students about brain health supplements.

The global brain health supplements market earned $3,194 million in 2016 and is expected to reach $5,813 million by 2023, rising at an annual rate of 8.8% from 2017 to 2023. Natural substances or herbal extracts that boost memory, creativity, attention, motivation, and alertness in healthy people are known as brain health supplements.

The global market for brain health supplements is divided into product, application, supplement form, sales channel, age group, and region segments. Herbal extracts (ginseng, ginkgo Biloba, curcumin, lion's mane, bacopa monnieri, and others), vitamins & minerals (vitamin B, vitamin C & E, and others), and natural compounds (acetyl-L-carnitine, alpha GP, and others) make up the market. Memory enhancement, mood & depression, attention & focus, longevity & anti-aging, sleep & recuperation, and anxiety are among the applications examined in the study. The market is divided into tablets, capsules, and other supplement forms. It is organized into three age groups: children, adults, and the elderly.

It is divided into supermarkets and hypermarkets, drug stores, online stores, and others based on sales. North America (the United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the rest of LAMEA) are the regions studied.

On the basis of sales, it is classified into supermarkets and hypermarkets, drug stores, online businesses, and others. Europe (Germany, France, the United Kingdom, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the rest of LAMEA)

Due to increased awareness among students and parents about brain health supplements, a rise in the number of self-directed students, and easy product availability through online sales channels, the attention and focus category is likely to develop at a substantial rate throughout the forecast period. Due to their cost-effectiveness, the natural molecules market is currently a substantial revenue source. Due to increased awareness of herbal supplements in developed nations such as the United States and the United Kingdom, the herbal extracts segment is expected to grow at the fastest rate during the projection period.

Accelerated Intelligence Inc., AlternaScript, LLC, HVMN Inc., Liquid Health, Inc., Aurobindo Pharma Limited, Natural Factors Nutritional Products Ltd., Onnit Labs, LLC, KeyView Labs, Inc., Purelife Bioscience Co., Ltd., and Quincy Bioscience are among the important firms highlighted in this study.

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