Cognition Supplements Market size worth US$118.766 billion by 2029
The cognition supplements market is expected to grow at a CAGR of 13.60% during the forecasted period, with a market valuation of US$62.780 billion in 2024 and is expected to reach US$118.766 billion by 2029.
The market for cognitive supplements is predicted to grow since they claim to improve memory, focus and brain performance in general. The ageing population is one of the main reasons behind the demand for cognitive health products that can help them retain their mental sharpness. As a result, stress levels have risen, busy lifestyles developed and the prevalence of cognitive diseases like Alzheimer’s has grown all these factors contribute to market growth. Moreover, technological advancements coupled with research on the effectiveness of some drugs support market expansion. Also, there is a rising need for cognition supplements due to the trend towards preventive healthcare as well as self-care when people are making overall brain health and cognitive function priorities.
According to the World Health Organization, the world’s population is ageing rapidly. The number of people living on this planet who would have reached sixty by then is estimated at one billion four hundred million which represents one out of every six persons worldwide. Also, by 2050 it is estimated that there will be two hundred ten million individuals aged sixty years old and above (the very elderly) as per population projections; with growth expected to be particularly strong at old ages where populations may triple from 400 million today to 1.2 billion in 2050.
The cognition supplements market, by product type, is divided into three types- Natural molecules, herbal extract, and vitamins & minerals. The aiding vitamins and minerals are widely popular, so that’s the future of this industry. This is because minerals and vitamins are important in stopping growth abnormalities such as dementia and Alzheimers as well as enhancing brain degradation associated with aging. Moreover, the market for herbal extract supplements for brain health will also benefit from growing consumer preference for herbal products in developing countries like China and India.
Further, EyePromise launched a new product named BrainPromise which enhances brain function, protects it and keeps it healthy on February 2024. In multiple studies published, the antioxidant zeaxanthin and lutein were found to be useful in the fight against oxidative stress, which is why brainnutrients.com is so important.
The cognition supplements market, by form, is divided into two types- Chewable and capsules. In the supplement industry, there is an increasing demand for innovative forms that eliminate the traditional tablet experience and provide a pleasant mouthfeel with each dosage. Because of their portability, chewable, gummy tablets, and tablets that dissolve in the mouth are all becoming more popular.
The cognition supplements market, by distribution channel, is divided into four types- Supermarkets/hypermarkets, medical stores, online retail stores, and others. As brain supplements are sold in drug stores, the drug stores segment is predicted to lead the market during the forecast period. For example, Neuratech, an Australian health start-up, provides brain supplements, Boost and Calm. Calm is a nootropic for sleep and stress, on the other hand, Boost is for energy and focus. Moreover, with an increase in internet users and technological advancements in the healthcare sector, it is anticipated that the online stores segment will experience significant growth over the projection period.
During the projected timeframe, it is anticipated that the market for cognition supplements will experience remarkable growth within North America. North America has recently experienced an increase in demand for products related to brain health. This is due to increased awareness towards healthy living by youth and a rise in consumer needs for cognitive enhancement products. Consequently, overall market expansion and wider usage categories of such products are likely to occur over this period.
The research includes several key players from the cognition supplements market, such as Accelerated Intelligence, HVMN Inc., Onnit Labs, Inc. (Unilever United States), Liquid Health, Inc., Quincy Bioscience – The Makers of Prevagen, Natural Factors Inc., Jarrow Formulas, Inc.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/cognition-supplements-market
The analytics report categorizes the cognition supplements market using the following criteria:
Segmentation:
- By Product Type
- Natural Molecules
- Herbal Extract
- Vitamins & Minerals
- By Form
- Chewable
- Capsules
- By Distribution Channel
- Supermarkets/Hypermarkets
- Medical Stores
- Online Retail Stores
- Others
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
- North America
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