“Global Brain Health Supplements Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast, 2018-2024” presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and deal landscapes.
Top Leading Companies : Amway, AlternaScript, Accelerated Intelligence, Onnit Labs Llc, Puori, Nutrex Hawaii, Piping Rock Health Products, New Zealand Health Food, Ocean Health, Nootrobox, Inc, Cephalon, Inc, Purelife Bioscience Co. Ltd., Peak Nootropics, Supnootropic Biological Technology Co. Ltd., Alternascript Llc, Accelerated Intelligence Inc..
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Essential points covered in Global Brain Health Supplements Market 2018 Research are:-
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the Global Brain Health Supplements market?
- What are the key market trends impacting the growth of the Global Brain Health Supplements market?
- What are the challenges to market growth?
- Who are the key vendors in the Global Brain Health Supplements market?
- What are the market opportunities and threats faced by the vendors in the Global Brain Health Supplements market?
- What are the key outcomes of the five forces analysis of the Global Brain Health Supplements market?
This independent 241 pages report guarantees you will remain better informed than your competition. With over 170 tables and figures examining the Brain Health Supplements market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2024.
Brain health supplements always remain the hottest topic for the marketers of dietary supplements. Brain health supplements are dietary supplements enrich with multi-vitamin and minerals which are used to stimulate brain chemistry to improve brain functioning. Brain health supplements are usually consumed by the elderly adults and kids to strengthen their memory and brain functioning. Many companies are positioning their products in the market on the basis of popularity of ingredients that are performing well in the cognitive health area. Herbal/botanical products are currently in high demand and consumers are readily buying these products. Companies are also profiling their products on the basis of natural ingredients such as I-theanine, ashwagandha and huperzine are attracting interest because of their efficacy and natural positioning. Lutein is also among the most popular ingredients that could be dominating in cognitive health in future. Children brain development is also among the major concern for their parents which is fuelling the demand for child centered cognitive supplements. For instance, South Korea has very strong brain health supplement sales. Most of the brain health supplements target brain development in children. Huge cultural value placed on academic performance coupled with high incomes and low birth rates enables the plentiful spending on children. Major brand likes Einstein and Enfant marked their strong presence in the market and are able to attract concerned parents.
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Market Size and Forecast:
Global brain health supplement market accounted for USD 1.8 Billion in 2016 and the market is expected to reach USD 3.2 Billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 7.4% over the forecast period i.e. 2016-2024.
Geographically, North America is the largest consumer of cognitive health or brain supplements owing to dwelling of major market players in the region. Large population with high awareness towards preventive and cognitive health is the key factor driving the dominance of North America brain health supplements market. On the other hand, countries like China and India having ancient history of natural and herbal based cognitive supplements and drugs that boost brain functions, the foreign companies are collaborating with local market players to enter the fastest growing economies of the world. Asia-Pacific is expected to be the fastest growing market over the forecast period. Latin America has the second fastest growth in health and dietary supplements market globally with an average annual increase of almost 5% from 2010 to 2015.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Brain Health Supplements in these regions 2016 to 2024 (forecast), covering North America , Latin America , Europe , Asia-Pacific , Middle East and Africa (MEA) , Rest of World.
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Growth Drivers and Challenges
Rising aging population and related health issues such as Alzheimer and dementia are some of the major factors driving growth of brain health supplements market. According to 2014 WHO (World Health Organization) data, more than 170 countries are ranked according to the death rates due to Alzheimer’s disease per 100,000. Developed regions such as Western Europe, North America and Australia demonstrate the highest death rates due to Alzheimer. However, many customers, seeing results of brain disease in elderly parents and relatives, are eager to maintain their brain health and prevent related diseases. According to Centers for Disease Control and Prevention, the people suffering from Alzheimer disease is likely to triple during the next 35 years due to aging population. Aforementioned factors and aging population is expected to fuel the sales of brain health supplements around the world. Rising influence of e-commerce and easy availability of brain health supplements at lower cost is also driving the growth of brain health supplements market. Growing internet penetration in developing countries is also providing huge growth opportunities for the market players. However, lack of awareness among consumers and false claims by the major companies is anticipated to barrier the growth of brain health supplements market. For instance, unauthorized claims by major companies like Nestle (Juicy Juice Brain Development mix) and Kellogg’s (Frosted Mini-Wheat) attentiveness claims eroded the consumer trust.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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