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Brain Health Supplements Market Size, Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2028

10-21-2024 05:24 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

The global Brain Health Supplements Market is expected to grow from US$ 6,634.31 million in 2021 to US$ 14,249.53 million by 2028. It is estimated to grow at a CAGR of 11.7% from 2022 to 2028.

Brain health supplements help improve memory, concentration, imagination, and mood by strengthening brain function. Several brain health supplements are available in the form of capsules, tablets, solutions, and powders. They contain natural supplements or herbal extracts that improve the brain's capacity and sharpen memory.

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Analysis of the Top Market Players:

1. Danone SA
2. Health Via Modern Nutrition Inc.
3. LIQUID HEALTH, INC.
4. Natural Factors
5. Unilever PLC
6. Peak Nootropics
7. Purelife bioscience Co., Ltd.
8. Quincy Bioscience
9. Procera Health
10. Harbin Pharmaceutical Group Co., Ltd.

In this report, the market has been segmented on the basis of:

Product (Natural Molecules, Herbal Extracts, and Vitamins & Minerals)
Application (Memory Enhancement, Attention & Focus, Depression & Mood, Sleep & Recovery, Antiaging & Longevity, and Others)
Dosage Form (Capsules, Tablets, and Others)
Distribution Channel (Supermarket & Hypermarket, Drug Store, Online, and Others)
Age Category (Adults, Children, and Elderly)

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Region Insights

The 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. As per 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 with age 50 and above take a vitamin or and 21% of adults aged 50 and above take a vitamin or for their brain health. The survey findings also state that ~71% of brain health supplements were taken to improve memory, 60% to improve mental sharpness, and 12% to delay dementia. Thus, the growing aging population and increasing cases of mood disorders drive the growth of the brain health supplements market in the US.

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