The brain health supplements market contributed $7,910.1 million in 2021, and it is projected to advance at a rate of 7.8% and capture $15,525 million in 2030. The rising demand for health supplements is projected to enhance attention, memory, and the ability for stress management, more specifically among the elderly population boosts the industry.
The worldwide rising trend of veganism massively impacts the landscape of food and vitamin supplement. Consumers turning vegan are opting for plant-based omega-3 supplements to maintain a healthy lifestyle. In the past few years, veganism has fetched people’s interest tremendously. The fish oil is highly being replaced by omega-3 sourced from algae for its nutritional value and taste.
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| Brain Health Supplements Market Size and Share Analysis Growth Forecast to 2030 |
According
to WHO, Alzheimer's disease would result in 70% of cases of dementia globally.
The growing
awareness of such diseases is projected to boost the demand for
supplements for maintaining a strong memory.
The
depression & mood category is projected to experience the fastest growth.
Depression can happen to anyone, irrespective of age. The elderly population is
more likely to suffer from depression. The rising prevalence of depression and
growing understanding of measures for its prevention and alleviation drives the
industry.
Moreover,
stress & anxiety is the next-fastest growing category in the industry.
Around one in every three persons aging from 13 to 18 experience anxiety at
some point in time, according to a government agency. According to WHO,
COVID-19 has caused an increase of the 25% in anxiety and depression prevalence
globally. The rising levels of stress and anxiety are projected to result in
its growth in the near future.
The
busy and hectic schedule of people has made them switch from physical
purchasing to online shopping. The product reviews and information relevant to
products available on online platforms help in making purchase decisions.
Moreover, during a pandemic, the supplement companies opened new sales channels
to expand their consumer base, when people remained at home due to lockdown.
The
herbal brain supplements utilize plant-based and natural ingredients such as
curcumin, ginkgo Biloba, and green tea extracts to sharpen memory and increase
the blood flow to the brain, thus improving cognitive functioning and reducing
mental tiredness.
The
growing requirement for brain supplements with herbal extracts will increase
the preference for herbal products in emerging economies, such as India and
China. In the U.S. and Europe, herbal medicines utilized in traditional Chinese
medicine are often marketed as supplements. Therefore, the herbal extract
category is projected to witness the highest growth in the coming future.
Therefore,
the vitamins and minerals category are projected to experience the highest growth
in the coming future, as they are necessary for the proper functioning of the
brain. For instance, B1 facilitates brain nerve communication, and B2 causes
relief from headaches and increases energy production, while B9 enhances brain
health and mood.
Thus,
the rising elderly population more prone to memory disorders and depression
boosts the demand for brain health supplements.
