NEW YORK, April 17, 2023 /PRNewswire/ -- The brain health supplements market size is forecast to increase by USD 4,020.62 million from 2022 to 2027, at a CAGR of 8.18%, according to the recent market study by Technavio. The growth of the market will be driven by the growing urban population, increase in the number of retail sales outlets, and increase in the geriatric population. Charts & data tables about market and segment sizes for a historic period (2017-2021) and forecast period (2023-2027) illustrated in this report. Download The Sample Report
Vendor Analysis
The global brain health supplements market is fragmented due to the presence of several international and domestic vendors. The market is subject to rapidly changing consumer demands and preferences. Vendor performance can be affected by changing consumer tastes, global and regional economic conditions, and various other demographic conditions. Changing economic conditions and the living standards of consumers could also affect the business operations of vendors. Vendors compete based on several factors, such as quality, price, service, brand image, distribution, and marketing. In addition, a majority of the vendors are focused on acquiring other smaller brands to increase their market presence. Such factors will intensify the competition among the vendors during the forecast period. Some of the key vendors covered in the report include:
- Amway Corp. - The company offers brain health supplements called Nutrilite Memory Builder supplements.
- BASF SE - The company offers brain health supplements with ADM and ADH in the form of prebiotic and probiotic supplements.
- Bayer AG - The company offers brain health supplements with vitamins and carotenoids, plant sterols, lutein, omega-3 fatty acids, conjugated linoleic acids, human milk oligosaccharides, and peptides.
- BrainMD Health - The company offers brain health supplements such as Elevit, Supradyn, Berocca, and Redoxon.
- Cyanotech Corp.
- Dermapharm Holding SE
- Glanbia plc
- Herbalife International of America Inc.
- Hi Tech Pharmaceuticals Inc.
- Jarrow Formulas Inc.
- Koninklijke DSM NV
- Liquid Health Inc.
- NOW Health Group Inc.
- Archer Daniels Midland Co.
- Herbal Goodness
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- The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
- It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
- The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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Market Segmentation:
The market is segmented by end-user (adult and children), distribution channel (retail and online), and geography (North America, Europe, Asia, Rest of World (ROW)).
- The market growth in the adult end-user segment will be significant over the forecast period. The market has many brain health supplements targeting adults. Some of the common supplements include omega-3 fatty acids, B vitamins, ginkgo biloba, bacopa monnieri, caffeine, and acetyl-L-carnitine, among others. The increasing awareness of the health benefits of the consumption of these supplements drives the growth of the segment.
- North America will account for 41% of the market growth during the forecast period. The growth of the regional market can be attributed to various factors including the rising awareness of brain health, rapid urbanization, and the increased availability of brain health supplements through online channels. In addition, the presence of prominent vendors and the growing geriatric population drive the brain health supplements market in North America.
Market Dynamics:
Key DRIVERS:
- Increase in the geriatric population
- Growing urban population
- Increase in the number of retail sales outlets
The increase in life expectancy and the decline in fertility rates have led to the growth of the geriatric population worldwide. The geriatric population is more prone to age-related diseases such as dementia and Alzheimer's disease. The incidence of auditory and visual memory lapses is also high among older people, which limits their day-to-day functioning. Brain health supplements can prevent age-related disorders such as dementia and Alzheimer's disease. Besides, the geriatric population faces a lack of complete nutrition in the diet, which has increased the prescription of brain health supplements to reduce the risk of brain and cognitive diseases. Thus, with the expanding geriatric population across the world, the demand for brain health supplements will increase during the forecast period.
Major Trends:
The growing demand for online retail is identified as the key trend in the market. The number of people shopping online is growing with increased internet connectivity, the rising adoption of smartphones, and the expanding customer base. Thus, vendors in the market are focusing on distributing their products through online channels to generate more sales. The availability of discounts and the wide availability of products have allowed customers to purchase brain health supplements in bulk. In addition, the convenience offered by e-commerce websites, the availability of safe payment options, and home delivery services are boosting the sales of brain health supplements through online retail channels. This trend will positively influence the growth of the market during the forecast period.
Key Challenges:
The low penetration in developing countries hinders the growth of the market. The popularity of brain health supplements in developing countries is comparatively lower than in developed countries. The low purchasing power, lower awareness, and poor distribution channels have reduced the penetration of brain health supplements. However, the number of awareness programs regarding these products is on the rise in developing countries. But the high price of these supplements restricts their adoption in such regions. All these factors reduce the growth potential of the market.
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What are the key data covered in this brain health supplements market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the brain health supplements market between 2023 and 2027
- Precise estimation of the size of the brain health supplements market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the brain health supplements market industry across North America, Europe, Asia, and Rest of World (ROW)
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of brain health supplements market vendors
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Brain Health Supplements Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.18% |
Market growth 2023-2027 |
USD 4,020.62 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
7.6 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abbott Laboratories, Amway Corp., BASF SE, Bayer AG, BrainMD Health, Cyanotech Corp., Dermapharm Holding SE, Glanbia plc, Herbalife International of America Inc., Hi Tech Pharmaceuticals Inc., Jarrow Formulas Inc., Koninklijke DSM NV, Liquid Health Inc., NOW Health Group Inc., Archer Daniels Midland Co., Herbal Goodness, Jacobson Pharma Corp. Ltd., Natural Factors Nutritional Products Ltd., Quincy Bioscience, and Thorne HealthTech Inc. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse through Technavio's Health Care Market Reports
Table of contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global brain health supplements market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global brain health supplements market 2017 - 2021 ($ million)
- 4.2 End-user Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – End-user Type Segment 2017 - 2021 ($ million)
- 4.3 Distribution channel Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
- 6.2 Comparison by End-user
- Exhibit 32: Chart on Comparison by End-user
- Exhibit 33: Data Table on Comparison by End-user
- 6.3 Adult - Market size and forecast 2022-2027
- Exhibit 34: Chart on Adult - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Adult - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Adult - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Adult - Year-over-year growth 2022-2027 (%)
- 6.4 Children - Market size and forecast 2022-2027
- Exhibit 38: Chart on Children - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Children - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Children - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Children - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by End-user
- Exhibit 42: Market opportunity by End-user ($ million)
- Exhibit 43: Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Distribution Channel
- 7.1 Market segments
- Exhibit 44: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%)
- 7.2 Comparison by Distribution Channel
- Exhibit 46: Chart on Comparison by Distribution Channel
- Exhibit 47: Data Table on Comparison by Distribution Channel
- 7.3 Retail - Market size and forecast 2022-2027
- Exhibit 48: Chart on Retail - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Retail - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Retail - Year-over-year growth 2022-2027 (%)
- 7.4 Online - Market size and forecast 2022-2027
- Exhibit 52: Chart on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Online - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Distribution Channel
- Exhibit 56: Market opportunity by Distribution Channel ($ million)
- Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2022-2027 (%)
- Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 Asia - Market size and forecast 2022-2027
- Exhibit 71: Chart on Asia - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Asia - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Asia - Year-over-year growth 2022-2027 (%)
- 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
- Exhibit 75: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- 9.7 US - Market size and forecast 2022-2027
- Exhibit 79: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.8 Germany - Market size and forecast 2022-2027
- Exhibit 83: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 UK - Market size and forecast 2022-2027
- Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.11 Japan - Market size and forecast 2022-2027
- Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.12 Market opportunity by geography
- Exhibit 99: Market opportunity by geography ($ million)
- Exhibit 100: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 101: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 103: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 104: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 105: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 106: Matrix on vendor position and classification
- 12.3 Abbott Laboratories
- Exhibit 107: Abbott Laboratories - Overview
- Exhibit 108: Abbott Laboratories - Business segments
- Exhibit 109: Abbott Laboratories - Key news
- Exhibit 110: Abbott Laboratories - Key offerings
- Exhibit 111: Abbott Laboratories - Segment focus
- 12.4 Amway Corp.
- Exhibit 112: Amway Corp. - Overview
- Exhibit 113: Amway Corp. - Product / Service
- Exhibit 114: Amway Corp. - Key news
- Exhibit 115: Amway Corp. - Key offerings
- 12.5 Archer Daniels Midland Co.
- Exhibit 116: Archer Daniels Midland Co. - Overview
- Exhibit 117: Archer Daniels Midland Co. - Business segments
- Exhibit 118: Archer Daniels Midland Co. - Key offerings
- Exhibit 119: Archer Daniels Midland Co. - Segment focus
- 12.6 BASF SE
- Exhibit 120: BASF SE - Overview
- Exhibit 121: BASF SE - Business segments
- Exhibit 122: BASF SE - Key news
- Exhibit 123: BASF SE - Key offerings
- Exhibit 124: BASF SE - Segment focus
- 12.7 Bayer AG
- Exhibit 125: Bayer AG - Overview
- Exhibit 126: Bayer AG - Business segments
- Exhibit 127: Bayer AG - Key news
- Exhibit 128: Bayer AG - Key offerings
- Exhibit 129: Bayer AG - Segment focus
- 12.8 BrainMD Health
- Exhibit 130: BrainMD Health - Overview
- Exhibit 131: BrainMD Health - Product / Service
- Exhibit 132: BrainMD Health - Key offerings
- 12.9 Dermapharm Holding SE
- Exhibit 133: Dermapharm Holding SE - Overview
- Exhibit 134: Dermapharm Holding SE - Business segments
- Exhibit 135: Dermapharm Holding SE - Key offerings
- Exhibit 136: Dermapharm Holding SE - Segment focus
- 12.10 Glanbia plc
- Exhibit 137: Glanbia plc - Overview
- Exhibit 138: Glanbia plc - Business segments
- Exhibit 139: Glanbia plc - Key offerings
- Exhibit 140: Glanbia plc - Segment focus
- 12.11 Herbal Goodness
- Exhibit 141: Herbal Goodness - Overview
- Exhibit 142: Herbal Goodness - Product / Service
- Exhibit 143: Herbal Goodness - Key offerings
- 12.12 Herbalife International of America Inc.
- Exhibit 144: Herbalife International of America Inc. - Overview
- Exhibit 145: Herbalife International of America Inc. - Product / Service
- Exhibit 146: Herbalife International of America Inc. - Key offerings
- 12.13 Hi Tech Pharmaceuticals Inc.
- Exhibit 147: Hi Tech Pharmaceuticals Inc. - Overview
- Exhibit 148: Hi Tech Pharmaceuticals Inc. - Product / Service
- Exhibit 149: Hi Tech Pharmaceuticals Inc. - Key offerings
- 12.14 Jacobson Pharma Corp. Ltd.
- Exhibit 150: Jacobson Pharma Corp. Ltd. - Overview
- Exhibit 151: Jacobson Pharma Corp. Ltd. - Business segments
- Exhibit 152: Jacobson Pharma Corp. Ltd. - Key offerings
- Exhibit 153: Jacobson Pharma Corp. Ltd. - Segment focus
- 12.15 Jarrow Formulas Inc.
- Exhibit 154: Jarrow Formulas Inc. - Overview
- Exhibit 155: Jarrow Formulas Inc. - Product / Service
- Exhibit 156: Jarrow Formulas Inc. - Key offerings
- 12.16 Koninklijke DSM NV
- Exhibit 157: Koninklijke DSM NV - Overview
- Exhibit 158: Koninklijke DSM NV - Business segments
- Exhibit 159: Koninklijke DSM NV - Key news
- Exhibit 160: Koninklijke DSM NV - Key offerings
- Exhibit 161: Koninklijke DSM NV - Segment focus
- 12.17 Liquid Health Inc.
- Exhibit 162: Liquid Health Inc. - Overview
- Exhibit 163: Liquid Health Inc. - Product / Service
- Exhibit 164: Liquid Health Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 165: Inclusions checklist
- Exhibit 166: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 167: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 168: Research methodology
- Exhibit 169: Validation techniques employed for market sizing
- Exhibit 170: Information sources
- 13.5 List of abbreviations
- Exhibit 171: List of abbreviations
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