The global brain boosting supplements market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Brain boosting supplements are natural compounds that have beneficial effects on the brain. These supplements are herbal supplements that are available in the form of capsules, tablets, and powder, which can improve the memory, creativity, attention, and motivation of an individual. Vitamin B and C are beneficial for brain and nerve health. The growing increase of brain diseases such as dementia, Alzheimer’s, and brain cancer is anticipated to drive the market growth. These brain health supplements also provide protection against depression, anxiety, and dementia. The busy lifestyle with mental stress, support brain health supplements to become an effective lifestyle product nowadays. Also, the increase in the geriatric population is driving the growth of the brain-boosting supplement market.
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The market is segmented based on the product, application, supplement form, and distribution channel. Based on the product, the market is sub-segmented into natural molecules and herbal extract. An herbal health product or supplement also called a botanical product is a type of dietary supplement that contains one or more herbs. These supplements can have strong effects on the body. Omega-3 fatty acids, acetyl-L-carnitine, Huperzine-A, Citicoline, and Alpha GPC are some of the key natural molecules used in the products. Herbs such as ginkgo biloba, ginseng, Lion’s mane, curcumin, Echinacea, and Bacopa monnieri are gaining traction over the years.
Some major players in the market include Teva Pharmaceuticals Industries Ltd, HVMN Inc, and Purelife Science, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in August 2020, Elysium Health Inc, a U.S.-based dietary supplement firm, launched its new brain health supplement, MATTER. The product is developed by researchers at the University of Oxford.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By Supplement Form
- By Distribution Channel
- Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Teva Pharmaceuticals Industries Ltd, HVMN Inc, and Purelife Science, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
Global Brain Boosting Supplements Market Report by Segment
By Product
- Natural Molecules
- Herbal Extract
By Application
- Memory Enhancement
- Depression & Mood
By Supplement Form
- Tablets
- Capsules
- Powder
By Distribution Channel
- Supermarkets
- Drugs Stores
- Online Stores
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