The UK is expected to see robust expansion in the brain health supplements market, which is expected to reach USD 926.3 million by 2024 at a staggering CAGR of 14.3%. This growth is believed to be driven by health-conscious people and their preference for natural and sustainable solutions.
NEWARK, Del., February 26, 2024 (Globe Newswire) — Sales of brain health supplements are estimated to reach USD 8.2 billion in 2024, up 6.4 billion throughout the decade, according to the latest report. It is rapidly increasing at a CAGR of %. By 2034, the global brain health supplements market value is expected to reach a total of USD 15.18 billion.
Demand for brain health supplements based on natural ingredients is expected to remain high. This can be attributed to the increasing consumer preference for natural and organic health supplements. The target segment is projected to account for the revenue share. 64.3% In 2024.
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The global brain health supplement industry is expected to grow rapidly over the next decade. This is due to a combination of factors, including:
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Increasing elderly population and increasing prevalence of mental disorders
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Growing awareness of the importance of mental health and well-being
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Increased demand for brain supplements containing herbal ingredients, minerals and vitamins
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Increased online sales and increased consumer spending on health supplements
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Growing interest in preventive medicine
The demand for brain health supplements is predicted to increase significantly during the assessment period. This is because individuals consume large amounts of these supplements to improve their learning, memory, and thinking abilities.
Brain health supplements have a variety of benefits for brain health and cognitive performance. These are widely used to treat diseases such as Alzheimer's disease. This will continue to drive sales of brain health supplements during the evaluation period.
People around the world are becoming increasingly aware of the importance of mental health and well-being. This is expected to drive demand for brain health supplements that support mental health and cognitive function.
According to a new study, 60% of global consumers plan to improve their health in the next 12 months. This creates favorable growth opportunities for the brain health supplements manufacturer during the evaluation period.
Key points from market research
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The global market for supplements that support brain health is 15.18 billion USD By 2034.
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For each type of ingredient, the natural segment is set to account for the value share. 64.3% In 2024.
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Based on product format, the over-the-counter segment is poised to hold market share. 76.5% In 2024.
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By format, capsule/tablet segment is expected to dominate the market share. 59.9% In 2024.
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The value of the US market is estimated as follows: 2,476.4 million USD In 2024.
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UK sales are expected to soar 14.3% Until 2034.
“Over the long term, we predict that consumers' changing preferences for natural and herbal ingredients, as well as their willingness to spend on premium supplements that support brain health, will provide lucrative opportunities for market participants. It has been.” – nandini roy chowdhuryFuture Market Insights Client Partner
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Who is the winner?
Mindbodygreen, Bulletproof, Brainmd, Qualia, Solgar, Metagenics, Pure Encapsulations, Designs for Health, Life Extension, Gaia Herbs, Reserveage Nutrition, Klaire Labs, Superbeets are some of the leading brain health supplement manufacturers listed in this report. This is the department.
Major companies are focusing on developing unique formulations such as brain health gummies to attract customers. We also employ strategies such as celebrity endorsements, advertising, partnerships, collaborations, distribution agreements, and acquisitions to increase revenue and increase our competitiveness in the market.
for example,
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In September 2022, Fonterra has entered the brain health supplement industry with the launch of a new wellbeing solutions brand, Nutiani.
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Brain Health Supplements Market Segmentation
By type of ingredient:
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Nature
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Panax carrot
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ginkgo biloba
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asian pennywort
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ashwagandha
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bacopa monnieri
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Guarana
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Eleuthero
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Rhodiola
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Schisandra
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Others (maka)
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synthesis
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Racetam
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Modafinil
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Snophilum
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phosphatidylserine
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Colin
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DMAE
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Uniphyllum
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hydrafinil
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Citicoline
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Others (Adranfinil)
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By product category:
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prescribed
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over the counter
By form:
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capsule/tablet
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powder
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Drink
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Gummy
By distribution channel:
author:
Nandini Roy Choudhury, Food and Beverage Client Partner at Future Market Insights, Inc., has over seven years of management consulting experience. She advises industry leaders and explores hidden opportunities and challenges. She implements processes and operating models to support business objectives.
She has excellent analytical skills and often provides thought leadership.
Nandini has extensive functional expertise in key niche areas including, but not limited to, food ingredients, nutrition and health solutions, animal nutrition, and marine nutrition. She also has expertise in the pharmaceutical, biotech, retail, and chemical sectors, advising market participants to develop methodologies and strategies that deliver results.
Her core expertise is in corporate growth strategy, sales and marketing effectiveness, acquisition and post-merger integration, and cost reduction. Nandini earned her MBA in Finance from MIT School of Business. She also holds a bachelor's degree in electrical engineering from the University of Nagpur, India.
Nandini has written for several publications and has been quoted in magazines such as Beverage Industry, Bloomberg, and Wine Industry Advisor.
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Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Winner, Greater New York Chamber of Commerce Member) provides deep insight into the drivers driving market demand. FMI is a leading global provider of market intelligence, advisory services, consulting, and events for the packaging, food and beverage, consumer technology, healthcare, industrial, and chemical markets. FMI has a vast team of approximately 400 analysts worldwide, providing global, regional and local expertise on diverse sectors and industry trends in more than 110 countries.
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