North America’s Brain Health Supplements Market to Reach US$ 5,900.73 Million by 2028, Growing at a CAGR of 11.9%
The North America brain health supplements market is projected to expand from US$ 3,001.72 million in 2022 to US$ 5,900.73 million by 2028, registering a CAGR of 11.9% during the forecast period.
Rising Prevalence of Major Depressive Disorders Fuels Market Growth
Depression, a widespread mental health condition, differs significantly from normal mood fluctuations and short-term emotional stress. When recurrent and moderate to severe, depression can seriously affect daily functioning at home, work, or school and increase the risk of suicide. According to the National Institute of Mental Health (NIMH), approximately 14.8 million US adults (6.0% of the adult population) experienced at least one major depressive episode with severe impairment in 2020.
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Emerging evidence from the National Center for Biotechnology Information (NCBI) highlights the crucial role of nutrients in supporting mental health. Proper nutrient intake not only improves overall health but also enhances brain function. As a result, integrating nutritional supplements alongside antidepressant therapies has become essential for optimal brain health. This growing recognition, coupled with the increasing incidence of depressive disorders, is propelling the demand for brain health supplements across North America.
Market Overview
The North America brain health supplements market is segmented into the US, Canada, and Mexico. These supplements, available in forms such as capsules, tablets, solutions, and powders, are designed to enhance memory, creativity, attention, motivation, and sleep quality. Market growth in the region is driven by the rising prevalence of mental health disorders, increasing awareness of mental well-being, a growing elderly population, and a surge in product launches by leading industry players.
North America Brain Health Supplements Strategic Insights
Strategic insights for the North America Brain Health Supplements provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
ï‚· Danone SA
ï‚· Health Via Modern Nutrition Inc.
ï‚· LIQUID HEALTH, INC.
ï‚· Natural Factors
ï‚· Unilever PLC
ï‚· Peak Nootropics
ï‚· Purelife bioscience Co., Ltd.
ï‚· Quincy Bioscience
ï‚· Procera Health
ï‚· Harbin Pharmaceutical Group Co., Ltd.
North America Brain Health Supplements Regional Insights
The geographic scope of the North America Brain Health Supplements refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Brain Health Supplements Market Segmentation
The North America brain health supplements market is segmented on the basis of product, application, dosage form, distribution channel, age category, and country.
Based on product, the market is segmented into natural molecules, herbal extracts, and vitamins and minerals. The natural molecules segment held the largest market share in 2022. The natural molecule segment is further divided into acetyl-carnitine, citicoline, huperzine-A, alpha GPC, docosahexaenoic acid (DHA), and others. Further, the herbal extract segment is fragmented into ginseng, curcumin, Lion’s mane, Ginkgo biloba, Bacopa monnieri, and others. The vitamins & minerals segment is subsegmented into vitamins C & E, vitamin B complex, and others.
The North America brain health supplements market, by application, is segmented into memory enhancement, attention and focus, depression and mood, sleep and recovery, anti-aging and longevity, and others. The memory enhancement segment held the largest market share in 2022.
In terms of dosage form, the North America brain health supplements market is segmented into capsules, tablets, and others. The others segment held the largest market share in 2022.
The North America brain health supplements market, by distribution channel, is segmented into supermarket and hypermarket, drug store, online, and others. The supermarket and hypermarket segment accounted for the largest market share in 2022.
Based on age category, the North America brain health supplements market is segmented into adults, children, and elderly. The adults segment held the largest market share in 2022.
The North America brain health supplements market, by country, is segmented into the US, Canada, and Mexico. The US dominated the market in 2022.
Danone SA; Health Via Modern Nutrition Inc.; LIQUID HEALTH, INC.; Natural Factors; Unilever PLC; Peak Nootropics; Purelife bioscience Co., Ltd.; Quincy Bioscience; Procera Health; and Harbin Pharmaceutical Group Co., Ltd. are the leading companies operating in the North America brain health supplements market.
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Akshay
Senior Market Research Expert at Business Market Insights
