The brain health supplements market size was projected to be over $7,910 million in 2021, and it will reach a value of around $15,526 million by 2030, propelling at a growth rate of about 8% during the years to come. The growing requirement for health supplements to improve memory and attention and the capability to manage stress, particularly among the aged, is pushing the growth of the market.
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| Brain Health Supplements Market |
In 2021, the memory enhancement supplement has the largest revenue share, approximately 30%, in the brain health supplements market, because of the rising consciousness about mental health. According to Alzheimer’s Disease International, 55 million people globally had dementia in 2020. Furthermore, by the years 2030 and 2050, this number will reach 78 million and 139 million, correspondingly.
Read Full Report: Brain Health Supplements Market Revenue Estimation and Growth Forecast Report
The products of herbal brain supplements use natural, plant-based ingredients, like ginkgo Biloba, ginseng, curcumin, and green tea extracts, which help in sharpening memory and snowballing the blood flow to the brain, thus improving cognitive operations and plummeting mental fatigue. The need for brain supplements encompassing herbal extracts will increase with the increasing preference for herbal products in countries like India and China. Herbal medicines utilized in traditional Chinese medicine are from time to time sold as supplements in Europe and the U.S. Because of these kinds of factors, the herbal extracts will grow at the highest growth rate.
As per the WHO, between the years 2015 and 2050, the share of the global population over the age of 60 years will approximately rise from 12% to 22%. The elderly population is more susceptible to depressive ailments and neurological conditions like migraine, Alzheimer's, Parkinson's, and insomnia. Consequently, the increasing elderly population significantly intensifies the requirement for these supplements, helping the brain health supplements market to grow.
North America was the undisputed leader of the market, with a revenue share of approximately 40%, in the year 2021. This is chiefly credited to the snowballing anxieties over cognitive and brain health, accompanied by the presence of major companies in the region. Furthermore, the booming industry of sports and fitness is accountable for the major share of the region, as there are a lot of sports that require a good amount of concentration.
Consistent usage of any supplement is stated by around 47% of females and 41% of men, though vitamin and mineral supplements are consumed by 40% and 33%, correspondingly. Poor or unstable diets, every so often caused by routine variables, have driven the brain health supplements market, by instigating deficiencies related to vitamins and minerals.
APAC will have the fastest growth, of above 8% in the years to come. The increasing apprehensions about brain ailments and the need for stress and anti-aging management are important drivers for the brain health supplements market in the region. Also, the region's requirement for these products would be powered by the quickly expanding education industry and growing consciousness of the standing of brain health in nations like Japan, China, Bangladesh, and India.
There is an increasing demand for brain supplements for increasing attentiveness and sharpening memory.
