Seattle, WA -- (SBWIRE) -- 11/21/2019 -- Brain Health Supplements Report by Material, Application, and Geography - Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
Increasing number of product innovations and promotional activities by the market players has also contributed to the growth of the market. For instance, in February 2019, Jone Scientific has launched a product called Sophrosyne with mind boosting ingredients for better functioning of cognition and memory. Moreover, rising incidence of dementia symptoms affecting the brain functions is expected to augment the demand for brain health supplements, thereby driving the global market.
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Safety concerns pertaining to alzheimer andkorsakoff syndrome among the young population and addition of vitamins and minerals as multi ingredients are expected to drive the acceptance of these products in the market. Specialty products in the dietary supplements market of U.S. contributed to 18.0% in 2018.
Concerns pertaining to brain issues have been increasing at a high growth rate as compared to other health related problems in the last few years. In U.S., cognitive heath related issues have increased from 12.0% in 2006 to 74.0% in 2018. This growth is attributed to growing concerns over brain health diseases in the population.
The growth of Natural molecules segment is attributed to rise in the mental health concerns among consumers. The nutritional content in these products helps in increasing the concentration level, reducing stress, depression, and anxiety, and elevating the mood, thus driving the product demand.
Herbal extract products have been witnessing high growth due to increasing awareness and benefits of natural products in the developed countries, such as U.S. and U.K. Moreover, the retail sales of the product have been attributed to the surge in the primary ingredients, such as cannabidiol, nigella, moringa, and mushrooms.
Moreover, demand for this application segment is increasing due to the prevalence of certain brain health diseases among the elderly population, thereby contributing to the growth of the market in the next few years.
North America held the largest market share of 39.3% in 2018. Demand in the region is predicted to rise due to increasing number of product launches having herbal and natural ingredients, thereby contributing to the growth of the market in the region. Asia Pacific is expected to expand at the highest CAGR of 11.8% over the forecast period, on account of rising demand for the herbal products. China is a major country contributing to increasing demand in the APAC market.
Rising demand for the product such as natural and herbal has resulted in product innovations, and market developments, thereby fueling its demand in the market. The market is identified by several strategies such as acquisition and mergers, and product and technological innovation, and capacity expansion initiated by key manufacturers in the industry, such as Cephalon, Inc.; Nootrobox, Inc.; Purelife Bioscience Co Ltd.; Nootrico; Peak Nootropics; and SupNootropic Biological Technology Co. Ltd.
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