Brain Health Supplements Market Size & Trends Report, 2030

Brain Health Supplements Market Statistics, 2030

The global brain health supplements market size was valued at $7,653.4 million in 2020, and is projected to reach $19,730.1 million by 2030, registering a CAGR of 9.9% from 2021 to 2030. Brain health supplements are natural compounds having beneficial effects on brain. These supplements are herbal extracts offered in the form of capsules, tablets, and powders, which improve memory, creativity, attention, motivation, and alertness in healthy individuals. The herbal plants such as Bacopa monniera and Withania somnifera are proven to exhibit brain enhancement property. In addition, vitamin B and C are beneficial for brain & nerve health.

The growth of the global brain health supplements market is majorly driven by increase in R&D activities in herbal constituents. Herbal drugs are being evaluated for their medicinal benefits and possible pharmaceutical applications. In addition, increase in number of key players manufacturing brain health supplements product contributes toward the growth of market. Moreover, increase in prevalence of brain diseases such as dementia, alzhiemers, and brain cancer is anticipated to contribute toward the growth of the market. For instance, as per the data published by the World Health Organization (WHO), in September 2021, it was reported that approximately 55 million people diagnosed with dementia worldwide, and there are nearly 10 million new cases every year.

Furthermore, increase in geriatric population drives the growth of brain health supplements market. This is attributed to the fact that Alzheimer’s and dementia are highly prevalent among elderly individuals. For instance, as per the Population Reference Bureau report, “Aging in the United States,” dated July 15, 2019, number of Americans aged 65 and older is projected to increase more than double from 52 million in 2018 to over 95 million by 2060, and is expected to rise to around 23% from 16%. However, poor awareness about brain health products impedes the growth of this market.

Global Brain Health Supplements Market Segmentation

The brain health supplements market is segmented into age group, product, application, supplement form, sales channel, and region. Depending on age group, the market is classified into children, adults, and elderly. By product, the market is mainly categorized into herbal extract, vitamins & minerals, and natural molecules. The herbal extract segment is further classified into Ginseng, Ginkgo biloba, Curcumin, Lions mane, Bacopa monnieri, and other herbal extracts. The vitamins & minerals segment is subsegmented into vitamin B, vitamin C & E, and other vitamins & minerals The natural molecules segment is subcategorized into acetyl-l-carnitine, alpha GPC, citicoline, docosahexaenoic acid (DHA), huperzine-A, and other natural molecules. On the basis of application, the brain health supplements market is segregated into memory enhancement, mood & depression, attention & focus, longevity & anti-aging, sleep & recovery, and anxiety. By supplement form, the market is fragmented into tablets, capsules, and others. As per sales channel, it is categorized in supermarkets & hypermarkets, drug stores, online stores, and others. Region wise, the brain health supplements market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Arabia, South Africa, and LAMEA).

By Product

By product, The herbal extract segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to surge in demand for herbal products. However, the vitamins & minerals segment is expected to witness considerable growth during the forecast period, due to increase in awareness about healthcare product in peoples.