The United Kingdom anticipates a sturdy surge in its mind well being complement market, projected to succeed in US$ 926.3 million by 2024, with a outstanding 14.3% CAGR. Fueled by a health-conscious inhabitants, the expansion is attributed to a choice for pure and sustainable options.

NEWARK, Del, Feb. 26, 2024 (GLOBE NEWSWIRE) — As per the most recent report, gross sales of mind well being dietary supplements are estimated to succeed in US$ 8,200 million in 2024, surging at 6.4% CAGR by way of the last decade. By 2034, the worldwide brain health supplement market value is projected to complete US$ 15,180 million.

Demand is anticipated to stay excessive for pure ingredient-based mind well being dietary supplements. This may be attributed to rising shopper choice for pure and natural well being dietary supplements. The goal phase is projected to account for a income share of 64.3% in 2024.

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The world mind well being complement business is anticipated to develop quickly throughout the subsequent ten years. This is because of a mixture of things, together with:

• Rising geriatric inhabitants and rising prevalence of psychological problems

• Growing consciousness of the significance of psychological well being and well-being

• Increasing demand for mind dietary supplements with natural elements, minerals, and nutritional vitamins

• Rising on-line gross sales and rising shopper spending on well being dietary supplements

• Growing curiosity in preventive healthcare

Demand for mind well being dietary supplements is projected to rise considerably throughout the evaluation interval. This is because of the excessive consumption of those dietary supplements for enhancing a person’s studying, reminiscence, and considering skills.

Brain well being dietary supplements have a number of advantages for mind well being and cognitive skill. They are broadly used to deal with problems like Alzheimer’s illness. This will proceed to gasoline gross sales of mind well being dietary supplements throughout the evaluation interval.

People globally have gotten more and more conscious of the significance of psychological well being and well-being. This is anticipated to drive demand for mind well being dietary supplements supporting psychological well being and cognitive perform.

Story continues

According to the most recent examine, 60% of world customers plan to enhance their well being and wellness over the following yr. This will create profitable progress alternatives for mind well being complement producers throughout the evaluation interval.

Key Takeaways from the Market Study

• The world marketplace for mind well being dietary supplements is estimated to succeed in US$ 15,180 million by 2034.

• By ingredient sort, the pure phase is ready to account for a price share of 64.3% in 2024.

• Based on product format, the over-the-counter phase is poised to carry a market share of 76.5% in 2024.

• By kind, the capsules/tablets phase will doubtless account for a market share of 59.9% in 2024.

• The United States market is estimated to be valued at US$ 2,476.4 million in 2024.

• Sales within the United Kingdom are projected to surge at 14.3% by way of 2034.

“In the longer run, altering shopper preferences in direction of pure and natural elements together with a willingness to spend extra on premium mind well being dietary supplements is projected to supply worthwhile alternatives for market individuals.” – Nandini Roy Choudhury, Client Partner at Future Market Insights 

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Who is Winning?

Mindbodygreen, Bulletproof, Brainmd, Qualia, Solgar, Metagenics, Pure Encapsulations, Designs for Health, Life Extension, Gaia Herbs, Reserveage Nutrition, Klaire Labs, and Superbeets are a few of the leading brain health supplement manufacturers listed in the report.

Key players are focusing on developing unique formulations like brain health gummies to attract customers. They are also embracing strategies such as celebrity endorsements, advertisements, partnerships, collaborations, distribution agreements, and acquisitions to boost their revenue and gain a competitive edge in the market.

For instance,

• In September 2022, Fonterra entered the mind well being complement business by launching a brand new well-being resolution model, Nutiani.

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Brain Health Supplement Market Segmentation

By Ingredient Type:

• Natural

  • Panax Ginseng

  • Ginkgo Biloba

  • Asiatic Pennywort

  • Ashwagandha

  • Bacopa Monnieri

  • Guarana

  • Eleuthero

  • Rhodiola Rosea

  • Schisandra Chinensis

  • Others (Maca)

• Synthetic

  • Racetams

  • Modafinil

  • Sunifiram

  • Phosphatidylserine

  • Choline

  • DMAE

  • Unifiram

  • Hydrafinil

  • Citicoline

  • Others (Adranfinil)

By Product Category:

• Prescribed

• Over-the-counter

By Form:

• Capsules/Tablets

• Powder

• Drinks

• Gummy

By Distribution Channel:

Authored by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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