North America Brain Health Supplements Market By Product (Natural Molecules, Herbal Extract and Vitamins & Minerals), By Application (Memory Enhancement, Attention & Focus, Depression & Mood, Sleep & Recovery, Anti-aging & Longevity and Stress & Anxiety), By Country, Industry Analysis and Forecast, 2020 - 2026
The North America Brain Health Supplements Market would witness market growth of 10.8% CAGR during the forecast period (2020-2026).
Brain supplements are a mixture of natural compounds derived from plants and herbs which are helpful in enhancing attention, memory, and alertness. Brain Supplements proved to be beneficial in treating depression and nervousness, and provide sound sleep, anti-aging properties. To improve brain health, people prefer to consume brain health supplements. Health supplements include vitamins, minerals, essential amino acids, other substances that are required by a person to have a balanced diet. As the concerns about brain health are continuously rising among consumers, most pharmaceutical companies are focused on increasing number of product innovations. These are the major factors boosting the growth of the market. Moreover, as more people are suffering from dementia, a disease that affects brain functions further surges the demand for brain health supplements.
Brain-health supplements aim to help the geriatric population across the globe. In a survey done by AARP Brain Health and Dietary Supplements in 2019, states that nearly one-fourth of Americans who are of 50 and above years take brain health supplements on daily basis. The increasing rates of brain health problems like dementia among the geriatric population contributed to the increased use of these products. According to the World Health Organization (WHO), the cases of dementia have reached 10 million per year across the world, which means occurrence of one case every three seconds. This rise in the number of brain health problem will support the adoption of these supplements among the aged population.
Based on Product, the market is segmented into Natural Molecules, Herbal Extract and Vitamins & Minerals. Based on Application, the market is segmented into Memory Enhancement, Attention & Focus, Depression & Mood, Sleep & Recovery, Anti-aging & Longevity and Stress & Anxiety. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Reckitt Benckiser Group PLC, Teva Pharmaceuticals Industries Ltd., H.V.M.N., Inc., Purelife Bioscience Co., Ltd., Peak Nootropics (Advanced Nootropics), AlternaScript, Liquid Health, Inc., Natural Factors, Onnit Labs, Inc., and Quincy Bioscience LLC.
Scope of the Study
Market Segments covered in the Report:
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