The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s brain health supplements market report forecasts the brain health supplements market size to grow to $14.61 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

Learn More On The Brain Health Supplements Market Report 2023 – https://www.thebusinessresearchcompany.com/report/brain-health-supplements-global-market-report

Brain Health Supplements Market Size Forecast
The global brain health supplements market is expected to grow from $8.61 billion in 2022 to $9.60 billion in 2023, at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The brain health supplements market is expected to grow to $14.61 billion in 2027 at a CAGR of 11.1%.

North America held the largest brain health supplements market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Brain Health Supplements Market Driver ­– Increase In The Prevalence Of Brain Diseases
For instance, in October 2022, according to a report released by the BrightFocus Foundation, a US-based non-profit organization, it is expected that about 500k new instances of Alzheimer’s disease would be identified in the United States every year. Alzheimer’s dementia affects 5% of those aged 65 to 74, 13% of those aged 75 to 84, and 33% of those aged 85 and older. Therefore, an increase in the prevalence of brain diseases is driving the growth of the brain health supplements market.

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Key Brain Health Supplements Market Trend – Product Innovation
Major companies operating in the brain health supplements market are developing innovative products to sustain their position in the brain health supplements market. For instance, in March 2022, Cosmos Holdings, a US-based pharmaceutical company, launched Proprietary Sky Premium Life Brainlit, an advanced formula to maintain and enhance brain function. Alzheimer’s disease and other kinds of dementia, Parkinson’s disease, depression, and anxiety have all been on the rise in recent years, despite a substantial unmet demand for effective treatment alternatives. The Brainlit supplement is created with the best quality raw ingredients and includes Ginkgo biloba, glutamine, L-tyrosine, and other vitamins and minerals important for brain function.

Brain Health Supplements Market Segment
1) By Product: Natural Molecules, Herbal Extract, Vitamins, and Minerals
2) By Supplement Form: Tablets, Capsules, Liquid
3) By Distribution: Supermarket and Hypermarket, Drug Store, Online
4) By Application: Memory Enhancement, Mood and Depression, Attention and Focus, Longevity and Anti-Aging, Sleep and Recovery, Anxiety

Brain Health Supplements Market Major Players and Strategies
Major players in the brain health supplements market are Accelerated Intelligence Inc., AlternaScript LLC, Aurobindo Pharma Limited (Natroll LLC), HVMN Inc., Intelligent Labs, KeyView Labs Inc., Liquid Health Inc., Natural Factors Nutritional Products Ltd., NOW Foods, Onnit Labs LLC, Peak Nootropics, Purelife Bioscience Co. Ltd., Quincy Bioscience LLC, Reckitt Benckiser Group plc, Teva Pharmaceutical Industries Ltd., and Vital Basics Inc.

In September 2021, HAVN Life Sciences, a Canada-based biotechnology company, acquired Bennett’s Choice for an undisclosed amount. This acquisition adds a fresh and exceptional collection of patented formulas to our line of natural health products. Bennett’s Choice is a Canada-based supplement development company.

The Brain Health Supplements Global Market Report 2023 covers regional data on brain health supplements market size, brain health supplements market trends and drivers, opportunities, strategies, and brain health supplements market competitor analysis. The countries covered in the brain health supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Brain health supplements refer to supplements that improve brain function in healthy individuals. It also improves memory, motivation, creativity, attentiveness, and the overall cognitive performance of the brain.

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