Brain Health Supplements Market to Record 6.64% YOY Growth Rate in 2022, Growing Demand in Online Retail is a Major Trend Fueling the Market

NEW YORK, July 26, 2022 /PRNewswire/ — The brain health supplements market is expected to grow by USD 3.81 trillion, progressing at a CAGR of 8.34% as per the latest market report by Technavio. Tea key factor fueling the global brain health supplements market growth is the growing demand in online retail owing to factors such as increasing Internet connectivity and the rising adoption of smartphones. An increase in marketing activities online has enabled manufacturers to offer consumers easy access to a variety of supplements for brain health. E-commerce platforms such as Amazon, IndiaMart, and Alibaba sell a wide range of brain health supplements. The discounts and offers and the availability of several brands of brain health supplements attract consumers to buy products in bulk through online retail channels. Furthermore, the increasing awareness among people about maintaining social distancing to prevent the transmission of COVID-19 is leading to the trend of buying brain health supplements through online retail. This will positively impact the growth of the global brain health supplements market in the coming years.

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Brain Health Supplements Market: Market Dynamics

• Drivers – The growing urban population, increase in sales outlets & increase in the older adult population are the major factors propelling the market growth.

• Challenges – The low penetration in developing regions, stringent government regulations, and ignorance about the health benefits of brain health supplements will hamper the market growth.

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Brain Health Supplements Market: Segmentation Analysis

The brain health supplements market is segmented by distribution channel (retail and online) and geography (North America, Europe, Asiaand ROW).

Distribution Channel Landscape

• The brain health supplements market share growth in the retail-segment will be significant for revenue generation.

• The growth is attributed to the rise in the number of retail outlets in developing and emerging countries such as China and India to meet the demand for products, such as brain health supplements, owing to a growing aging population.

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Geography Landscape

• 38% of the market’s growth will originate from North America during the forecast period.

• The US is the key market for brain health supplements market in North America. However, market growth in this region will be slower than the growth of the market in other regions. Growing awareness regarding brain health, rapid urbanization, and the presence of prominent vendors will facilitate the brain health supplements market growth in North America over the forecast period.

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Brain Health Supplements Market: Vendor Analysis

The brain health supplements market is fragmented and the vendors are deploying growth strategies such as focusing on R&D activities for developing advanced and high-quality products to compete in the market.

• Abbott Laboratories

• Archer Daniels Midland Co.

• Arkopharma Laboratories

• BASF SE

• Bayer AG

• BrainMD Health

• Glanbia plc

• Harbin Pharmaceutical Group Co.Ltd.

• Herbalife Nutrition Ltd.

• Hi Tech Pharmaceuticals Inc.

• Jacobson Pharma Corp. ltd.

• Jarrow Formulas Inc.

• Koninklijke DSM NV

• Liquid Health

• Natural Factors Nutritional Products Ltd.

• NOW Health Group Inc.

• Nutrex Hawaii

• Quincy Bioscience

• Thorne Health Tech Inc.

• Amway Corp.

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Get ready to achieve excellent business outcomes from this exclusive Brain Health Supplements Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

• What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

• What is the current trend taking place in the market space?

• Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?

• What are market drivers, restraints, and challenges impacting demand & growth of the market?

• Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Brain Health Supplements Market report analyses, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Brain Health Supplements Market Forecast Report – Buy Now!

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Table of Content

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Force Analysis

5 Market Segmentation by Distribution Channel

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us
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SOURCE Technavio