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Brain Health Supplements Market Size

Report ID: GMI8352
Published Date: Mar 2024
Report Format: PDF

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Brain Health Supplements Market Size

Brain Health Supplements Market size was valued at USD 9.2 billion in 2023 and is expected to grow at a CAGR of 8.7% between 2024 and 2032. The market is experiencing dynamic growth driven by factors such as the growing awareness regarding mental health, particularly targeting lack of focus and attention, anxiety, declining memory, and depression.

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According to the data by the WHO in 2023, approximately 280 million people are suffering from depression globally. Additionally, growing consumer preference for natural and plant-based ingredients in dietary supplements, growing demand by the sports industry to enhance the brain efficacy of performers, and increasing focus on brain health and cognitive function among older adults are factors further anticipated to accelerate the market progress.

Brain health supplements are a category of dietary supplements specifically formulated to support cognitive function, memory, focus, and overall brain health. These supplements often contain a variety of vitamins, minerals, nutraceutical, antioxidants, and other natural or synthetic compounds that promote brain function or protect against age-related cognitive decline.

Brain Health Supplements Market Report Attributes
Report Attribute	Details
Base Year:	2023
Brain Health Supplements Market Size in 2023:	USD 9.2 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	8.7%
2024 – 2032 Value Projection:	USD 19.3 Billion
Historical Data for:	2018 – 2023
No. of Pages:	230
Tables, Charts & Figures:	401
Segments covered:	Type, Supplement Form, Age Group, Medication Type, Application, Distribution Channel, and Region
Growth Drivers:	Rising prevalence of brain diseases Growing awareness regarding mental health issues Increasing adoption of natural and herbal health products Increase in geriatric population
Pitfalls & Challenges:	Side effects associated with supplements

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Brain health supplements industry size was valued at USD 9.2 billion in 2023 and is expected to reach USD 19.3 billion by 2032, driven by growing awareness regarding mental health, particularly targeting lack of focus and attention, anxiety, declining memory, and depression.

The herbal extract type segment reached a revenue of USD 4 billion in 2023 and is set to gain traction by 2032, driven by the growing inclination towards herbal nutraceutical products in developing countries, such as China and India.

North America brain health supplements industry held a significant share in 2023 and is expected to dominate throughout 2032, driven by the increasing prevalence of brain disorders, growing emphasis on mental wellness, increasing stress levels, and product launches.

Accelerated Intelligence Inc., Alternascript, HVMN Inc., Intelligent Labs, Natural Factors USA, NOW Foods, Onnit Labs, Inc., Purelife Bioscience Co., Ltd, Quincy Bioscience, Reckitt Benckiser Group PLC are some of the major industry contenders.