The global brain health supplements market was evaluated at $7.69 billion in 2021 and is slated to hit $15.75 billion by the end of 2030.
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➤ The global market development is expected to be accelerated by the significant demand for brain health supplements among the millennial population in countries such as the United States.
Global market trends will be stimulated by the increasing consumption of mental health supplements by the millennial population in countries like the United States. The global brain health supplements market has experienced significant growth as a result of the increasing emphasis on enhancing cognitive performance and brain health. The demand for brain health supplements will increase as a result of the increase in the prevalence of major depressive disorder among adults in the United States, which will also propel the global market for brain health supplements.
➤ The global market expansion may be impeded by the strict laws that are enforced by governments worldwide regarding product use.
The global brain health supplements market will be impeded by the implementation of stringent laws by governments of various countries regarding the sale and use of brain health supplements. The business sector may be hindered by substantial product costs.
➤ Government policies that are advantageous to the utilization of generic products in order to create new growth opportunities for the global market
The global brain health supplements market may generate new growth opportunities due to the widespread availability of generic brain health supplements. Moreover, the global industry will be able to explore new opportunities for development as a result of the supportive government policies in countries like India that encourage the production and utilization of generic products.
➤ The global industry’s expansion may be threatened by the large-scale production of duplicate healthcare products.
The global industry’s expansion may be significantly hindered by a significant increase in the production of counterfeit healthcare products.
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The Global Brain Health Supplements Market is segmented based on product, application and region
Global Brain Health Supplements Market: Product Segment Analysis
● Natural Molecules
● Herbal Extracts
Global Brain Health Supplements Market: Application Segment Analysis
● Memory Enhancement
● Attention & Focus
● Depression & Food
● Sleep & Recovery
● Anti-aging & Longevity
● Stress & Anxiety
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The global Brain Health Supplements market profiles key players such as:
● NOW Foods
● Intelligent Labs
● Teva Pharmaceutical Industries Ltd.
● AlternaScript LLC
● Purelife Bioscience Co. Ltd.
● Peak Nootropics LLC
● Natural Factors Nutritional Products Ltd.
● HVMN Inc.
● Onnit Labs Inc.
● Reckitt Benckiser Group plc
???? Recent Developments
• Motiva Supplements, a prominent manufacturer of life-changing products that enhance cognitive functions and memory, introduced the “Neuro Booster” product in the first half of 2021. This product boasts an absorbing feature that can absorb six functional foods, thereby benefiting Alzheimer patients and enhancing brain health. The strategic decision will significantly contribute to the expansion of the global market for mental health supplements.
• In the second quarter of 2020, Elysium Health, Inc., a prominent U.S.-based producer of food supplements, collaborated with Oxford University to introduce a dietary supplement that enhances mental health and promotes longevity. The initiative will contribute to the enhancement of the global market for mental health supplements.
➤ The global market growth will be led by the Asia Pacific region.
The global mental health supplements market is segmented into the following regions: the Asia-Pacific, Latin America, Europe, North America, and the Middle East and Africa. The Asia-Pacific region is expected to experience the highest CAGR over the next eight years as a result of the widespread awareness of the advantages of consuming mental health supplements in countries like China and Japan. Additionally, the increase in Alzheimer’s cases in developing nations, including China and India, will stimulate regional market trends. Furthermore, the global market’s potential for growth will be further enhanced by the increasing public awareness of dementia in the years ahead.
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