Portland, OR -- (SBWire) -- 05/31/2018 --Brain health supplements are herbal extracts, which possess cognitive benefits such as improvement in memory, creativity, attention, motivation, and alertness. The global brain health supplements market generated $3,194 million in 2016, and is anticipated to reach $5,813 million by 2023, growing at a CAGR of 8.8% from 2017 to 2023.
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The brain health supplements market is projected to grow significantly during the forecast period, due to rise in desire to enhance brain functions among students, scientists, and investment bankers along with growth in number of promotional activities carried out by the key players. Rapid growth of e-commerce industry facilitates product availability, which in turns drives the growth of the market. Furthermore, surge in number of self-directed consumers, abundant availability of brain health supplements, and increase in awareness about brain health supplements among the general population in the developing countries are anticipated to drive the market growth in the coming years. However, lack of awareness about brain health supplements in under developed regions hinders the growth of the market.
The report segments the market based on product, application, sales channel, age group, supplements form, and region. On the basis of product, the market is classified into herbal extracts (ginseng, ginkgo biloba, curcumin, lion's mane, bacopa monnieri and others), vitamins & minerals (vitamin B, vitamin C and E, and others), and natural compounds (acetyl-L-carnitine, alpha GPC, citicoline, docosahexaenoic acid, huperzine-A, and others). The applications covered in the study include memory enhancement, mood & depression, attention & focus, longevity & anti-aging, sleep & recovery, and anxiety. By sales channel, the market is categorized into supermarkets & hypermarkets, drug stores, online stores, and others. According to age group, it is divided into children, adults, and elderly. Depending on supplement form, it is fragmented into capsules, tablets, and others. Region wise, it is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2016 to 2023, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
- Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
- Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
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By Product
- Herbal Extract
- Ginseng
- Ginkgo Biloba
- Curcumin
- Lion's Mane
- Bacopa Monnieri
- Others
- Vitamins & Minerals
- B Vitamins
- Vitamin C & E
- Others
- Natural Molecules
- Acetyl-L-carnitine
- Alpha GPC
- Citicoline
- Docosahexaenoic Acid (DHA)
- Huperzine-A
- Others
By Application
- Memory Enhancement
- Mood & Depression
- Attention & Focus
- Longevity & Anti-aging
- Sleep & Recovery
- Anxiety
By Supplements Form
- Tablets
- Capsules
- Others
By Age Group
- Children
- Adults
- Elderly
By Sales Channel
- Supermarkets & Hypermarkets
- Drug Stores
- Online Stores
- Others
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By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- Accelerated Intelligence Inc.
- AlternaScript, LLC
- HVMN Inc.
- Liquid Health, Inc.
- Aurobindo Pharma Limited
- Natural Factors Nutritional Products Ltd.
- Onnit Labs, LLC
- KeyView Labs, Inc.
- Purelife Bioscience Co., Ltd.
- Quincy Bioscience
Table Of Content
- CHAPTER 1: INTRODUCTION
- CHAPTER 2: EXECUTIVE SUMMARY
- CHAPTER 3: MARKET OVERVIEW
- CHAPTER 4: BRAIN HEALTH SUPPLEMENTS MARKET, BY PRODUCT
- CHAPTER 5: BRAIN HEALTH SUPPLEMENTS MARKET, BY APPLICATION
- CHAPTER 6: BRAIN HEALTH SUPPLEMENTS MARKET, BY SUPPLEMENT FORM
- CHAPTER 7: BRAIN HEALTH SUPPLEMENTS MARKET, BY AGE GROUP
- CHAPTER 8: BRAIN HEALTH SUPPLEMENTS MARKET, BY SALES CHANNEL
- CHAPTER 9: BRAIN HEALTH SUPPLEMENTS MARKET, BY REGION
- CHAPTER 10: COMPANY PROFILES
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Brain Health Supplements Market Anticipated to Reach $5,813 Million, Growing at a CAGR of 8.8% from 2017 to 2023