May 21, 2024

Brain Health Supplements Market is Estimated to Witness High Growth Owing to Increasing Prevalence of Age-Related Diseases

Brain health supplements include vitamins, herbs, and other compounds promoted to support cognitive function, promote neuron growth and protect against neurodegeneration. Key products are vitamins such as vitamin B, vitamin C, vitamin D and E and omega-3 fatty acids.

Market Dynamics:

The brain health supplements market is expected to witness significant growth over the forecast period, driven by increasing prevalence of age-related neurodegenerative diseases such as Alzheimer’s and dementia. As per a report by the World Health Organization, around 55 million people globally were living with dementia in 2020 alone. By 2030, this number is projected to rise to 78 million as the population ages rapidly. As there is no cure for such conditions, demand for supplements aiming to support brain health, cognitive function and protect neurons is likely to increase substantially. Furthermore, growing consumer awareness about maintaining overall health and adopting preventive healthcare also contributes to market growth. However, lack of scientific clinical evidence supporting the efficacy of some herbal supplements may limit the market to some extent.

Brain Health Supplements Market Drivers

Increasing Aging Population Driving Demand for Cognitive Decline Support

As the average human lifespan increases globally due to advancements in medicine and standards of living, the population of elderly individuals is growing at an unprecedented rate. According to the United Nations, the number of people aged 60 years or over is expected to more than double by 2050 and reach nearly 2.1 billion people worldwide. Elderly individuals are more susceptible to cognitive decline and neurodegenerative conditions like Alzheimer’s and dementia. To support brain health and cognitive functions in old age, many are adopting brain health supplements as a preventive healthcare measure.

Rising Prevalence of Stress and Mental Health Issues Fueling Brain Performance Needs

Modern lifestyles with long working hours, information overload, economic uncertainties have made stress and feelings of anxiety quite common. According to the World Health Organization, more than 264 million people of all ages suffer from depression globally. Long-term stress is linked to negative impacts on brain functions like memory, learning and decision making. Brain health supplements containing ingredients like vitamins, minerals, omega-3 fatty acids and botanical extracts are being consumed to help manage stress levels and support mental well-being.

Brain Health Supplements Market Restrain

Stringent Regulations for Product Claims and Ingredient Safety

Dietary supplements fall under a different regulatory framework than pharmaceutical drugs. However, various regulatory bodies have introduced stringent norms regarding the types of claims supplement brands can make about product effectiveness and ingredient safety. The FDA regularly monitors the supplement industry and takes corrective actions against false or misleading labels. Complying with periodic changes in regulations involves additional expenses for companies. It also limits the range of high-potency formulas they can develop and bring to the market. This regulatory scrutiny acts as a dampener for the overall market growth.

Brain Health Supplements Market Opportunity

Growth of Online Retailing and E-commerce Platforms

The evolution of e-commerce has provided a massive growth opportunity for all types of supplement brands to reach wider geographical customer bases. Various global online retailers have expanded their product portfolio to include brain health supplements. Through targeted digital marketing campaigns and consumer reviews/recommendations, online platforms help boost supplement awareness, credibility and sales. The convenience of home delivery offers added benefits to time-pressed consumers. Going forward, the rising internet and smartphone penetration worldwide will drive further growth in the online sales of brain health products.

Brain Health Supplements Market Trends

Increasing Focus on Natural and Plant-Based Ingredients

Consumers are demonstrating a strong preference for natural formulations with clinically validated botanical and plant-based ingredients over synthetic components. Industry research also indicates the safety and effectiveness of many plant extracts for brain health. This is leading to innovative product development focused on superfoods, adaptogens, nootropics and herbal combinations. For example, supplements containing Bacopa monnieri, Rhodiola rosea, Ginkgo biloba extract, turmeric and cogn booster blends. The trend underscores an important market shift towards preventive healthcare solutions sourced from nature.

Brain health supplements include vitamins, herbs, and other compounds promoted to support cognitive function, promote neuron growth and protect against neurodegeneration. Key products are vitamins such as vitamin B, vitamin C, vitamin D and E and omega-3 fatty acids.

Market Dynamics:

The brain health supplements market is expected to witness significant growth over the forecast period, driven by increasing prevalence of age-related neurodegenerative diseases such as Alzheimer’s and dementia. As per a report by the World Health Organization, around 55 million people globally were living with dementia in 2020 alone. By 2030, this number is projected to rise to 78 million as the population ages rapidly. As there is no cure for such conditions, demand for supplements aiming to support brain health, cognitive function and protect neurons is likely to increase substantially. Furthermore, growing consumer awareness about maintaining overall health and adopting preventive healthcare also contributes to market growth. However, lack of scientific clinical evidence supporting the efficacy of some herbal supplements may limit the market to some extent.

Brain Health Supplements Market Drivers

Increasing Aging Population Driving Demand for Cognitive Decline Support

As the average human lifespan increases globally due to advancements in medicine and standards of living, the population of elderly individuals is growing at an unprecedented rate. According to the United Nations, the number of people aged 60 years or over is expected to more than double by 2050 and reach nearly 2.1 billion people worldwide. Elderly individuals are more susceptible to cognitive decline and neurodegenerative conditions like Alzheimer’s and dementia. To support brain health and cognitive functions in old age, many are adopting brain health supplements as a preventive healthcare measure.

Rising Prevalence of Stress and Mental Health Issues Fueling Brain Performance Needs

Modern lifestyles with long working hours, information overload, economic uncertainties have made stress and feelings of anxiety quite common. According to the World Health Organization, more than 264 million people of all ages suffer from depression globally. Long-term stress is linked to negative impacts on brain functions like memory, learning and decision making. Brain health supplements containing ingredients like vitamins, minerals, omega-3 fatty acids and botanical extracts are being consumed to help manage stress levels and support mental well-being.

Brain Health Supplements Market Restrain

Stringent Regulations for Product Claims and Ingredient Safety

Dietary supplements fall under a different regulatory framework than pharmaceutical drugs. However, various regulatory bodies have introduced stringent norms regarding the types of claims supplement brands can make about product effectiveness and ingredient safety. The FDA regularly monitors the supplement industry and takes corrective actions against false or misleading labels. Complying with periodic changes in regulations involves additional expenses for companies. It also limits the range of high-potency formulas they can develop and bring to the market. This regulatory scrutiny acts as a dampener for the overall market growth.

Brain Health Supplements Market Opportunity

Growth of Online Retailing and E-commerce Platforms

The evolution of e-commerce has provided a massive growth opportunity for all types of supplement brands to reach wider geographical customer bases. Various global online retailers have expanded their product portfolio to include brain health supplements. Through targeted digital marketing campaigns and consumer reviews/recommendations, online platforms help boost supplement awareness, credibility and sales. The convenience of home delivery offers added benefits to time-pressed consumers. Going forward, the rising internet and smartphone penetration worldwide will drive further growth in the online sales of brain health products.

Brain Health Supplements Market Trends

Increasing Focus on Natural and Plant-Based Ingredients

Consumers are demonstrating a strong preference for natural formulations with clinically validated botanical and plant-based ingredients over synthetic components. Industry research also indicates the safety and effectiveness of many plant extracts for brain health. This is leading to innovative product development focused on superfoods, adaptogens, nootropics and herbal combinations. For example, supplements containing Bacopa monnieri, Rhodiola rosea, Ginkgo biloba extract, turmeric and cogn booster blends. The trend underscores an important market shift towards preventive healthcare solutions sourced from nature.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it