The World Health Organization (WHO) research estimates that 280 million individuals would experience depression worldwide in 2021. Similar to this, 6.7% of Americans over the age of 18 and more than 16.1 million adults in the United States were expected to have Major Depression Disorder (MDD) in 2020, according to the Anxiety & Depression Association of America. Consumers throughout the world are using brain health supplements as antidepressants, which is projected to boost market growth during the predicted period.
People have started making purchases online rather than in stores as a result of their busy schedules. Customers may get product reviews and other important information on online purchasing sites. The industry has expanded as a result of internet buying becoming more and more popular, especially during the COVID-19 outbreak when people were confined to their homes.
Natural substances included in brain health supplements have favourable effects on the brain. These herbal extracts, which are available as pills, capsules, and powders, help healthy people increase their alertness, motivation, focus, and capacity for remembering. There is evidence that certain herbal herbs, like withania somnifera and bacopa monniera, can enhance brain function. B and C vitamins are also advantageous for the functioning of the brain and nerves.
Market growth of brain health supplements market
- According to data from Data Bridge Market Research, the brain health supplements market is predicted to grow at a CAGR of 10.40% from 2023 to 2030, from USD 8501.24 million in 2022 to USD 18760.09 million in 2030.
- The market reports created by Data Bridge Market Research include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis, and deficit analysis of supply chain and demand in addition to insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players.
Challenges in brain health supplements market
The market for supplements for brain health is predicted to expand slowly for a number of reasons, including customer ignorance of the availability of the products. These items are also expensive, and people in developing countries do not view them as absolutely necessary. Additionally, a lot of people are aware that it is a product with a number of adverse effects, which makes individuals reluctant to take brain health supplements anywhere in the globe.
This market study on brain health supplements covers recent developments, trade laws, import-export trends, production analysis, value chain optimization, market share, effects of domestic and regional market participants, and opportunities for new revenue streams. It also examines market size, category market expansions, application niches and dominance, product approvals, and product launches.
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