The North America brain health supplements market is expected to grow from US$ 3,001.72 million in 2022 to US$ 5,900.73 million by 2028; it is estimated to register a CAGR of 11.9% during 2022–2028.
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Growing Prevalence of Major Depressive Disorders Boosts the North America Brain Health Supplements Market Growth
Depression, which is a common mental disorder, is different from normal mood fluctuations and temporary emotional responses to challenges faced every day. A recurrent depression with moderate or severe intensity may become a serious health issue. It can hamper the performance of affected individuals in homes, workplaces, schools, etc. People suffering from depression are also likely to attempt suicide. According to the National Institute of Mental Health (NIMH), ~14.8 million US adults aged 18 and above (i.e., 6.0% of the total adult population) had at least one major depressive episode with serious impairment in 2020. According to the National Center for Biotechnology Information (NCBI), there is growing evidence about the role of nutrients in mental health. The adequate consumption of nutrients contributes to better overall health and mental health. Hence, the optimum supply of nutrients as adjunctive therapy to antidepressant treatment is essential for adequate brain functioning. Thus, the growing prevalence of major depressive disorders is driving the growth of the in North America brain health supplements market.
Market Overview
The brain health supplements market in North America is segmented into the US, Canada, and Mexico. Brain health supplements are offered in the form of capsules, tablets, solutions, and powders to improve memory, creativity, attention, motivation, sleep, etc. The market growth in this region is attributed to the surging cases of mental illness, rising awareness about mental health issues, increasing geriatric population, and a growing number of product launches by key 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
Danone SA
Health Via Modern Nutrition Inc.
LIQUID HEALTH, INC.
Natural Factors
Unilever PLC
Peak Nootropics
Purelife bioscience Co., Ltd.
Quincy Bioscience
Procera Health
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
