Brain health supplements Market is Expected to Garner $ 1.5 billion by 2024
Date of publication: 26 March 2020
Rising influence of e-commerce and easy availability of brain health supplements at lower cost is driving the growth of brain health supplements market all across the globe.
Rising aging population coupled with rising incidence of Alzheimer and Dementia is the major factor behind robust growth of brain health supplements market. According to Goldstein Research, “Rising health concerns towards preventive disease measures and growing concerns for chronic diseases increasing the consumers interest towards brain health supplements." As the health literacy improves in general public, they are increasingly turned to adopt dietary supplements to improve and maintain their health. Moreover, rising healthcare costs and incidence of chronic diseases made the consumers to opt for these products as preventive measures.
Brain health supplements market segmentation has been carried out on the basis of ingredients, applications, supplements form and distribution channel. Distribution channel is further bifurcated into online and offline channel. Online channel held the largest market share in global brain health supplements market owing to broad range of health dietary supplements as compared to supermarkets and drug stores. Moreover, e-commerce business has grown drastically in past few years, creating huge opportunity for market players. North America region dominated global brain health supplements market in terms of revenue share in 2016 owing to presence of big home grown brands in the region.
North America brain health supplements market size reached USD 0.5 billion in 2016 and is estimated to reach USD 1.5 billion by 2024. Further, rising aging population and increasing death rates due to Alzheimer and Dementia in the region is anticipated to drive the growth brain health supplements market.
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By Ingredientso Acetyl-L-Carnitine
o Alpha GPC
o Bacopa Monnieri
By Applicationso Memory Enhancement
o Mood and Depression
o Attention and Focus
o Longevity and Anti-Aging
o Insomnia and Dream Enhancement
By Supplements Formo Tablets/Capsules
By Distribution Channelso Online
o Offline (Retailers, Wholesalers etc.)
By End Userso Children
o Elderly Population
By Geographyo North America (US, Canada) o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World
“Global Brain Health Supplements Market Outlook 2024” by Goldstein Research contains detailed overview of the global brain health supplements market in terms of market segmentation by ingredients type, by applications type, by supplements forms and by distribution channel.
The Report is Available at: https://www.goldsteinresearch.com/report/global-brain-health-supplements-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
Further, the brain health supplement market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. Global Brain Health Supplements Market Report also includes provides competitive outlook of some of the major players which includes profiling of companies such as Amway, AlternaScript, Accelerated Intelligence, Onnit Labs Llc, Puori, Nutrex Hawaii, Piping Rock Health Products, New Zealand Health Food, Ocean Health, Nootrobox Inc., Cephalon Inc., Purelife Bioscience Co. Ltd. etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global brain health supplements market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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