by The United States brain health supplements market comprises products that enhance cognitive abilities by improving concentration, focus, memory, and mood. These supplements are available in the form of capsules, tablets, powder, and soft gels and contain active ingredients like omega-3 fatty acids, vitamins B6 and B12, folate, and antioxidants like turmeric and green tea extracts that support brain health and function. The supplements provide nutrients vital for brain cell regeneration and function and help enhance memory, learning ability, focus, and concentration.
United States Brain Health Supplements Market is estimated to be valued at US$ 3,309.3 Mn in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024-2031.
Rising awareness about nutritional deficits causing cognitive decline, growing geriatric population increasing the risk of neurodegenerative diseases, and changing consumer lifestyles requiring enhanced mental faculties are fueling the demand for brain health supplements.
Key Takeaways
Key players operating in the United States brain health supplements are Accelerated Intelligence, Inc., Quincy Bioscience, ADM, and Natural Factors Nutritional Products Ltd.
Growing health concerns and rising awareness among millennials has propelled the demand for natural and plant-based brain health products driving the growth of supplements market.
Increasing investments by supplement companies to develop advanced delivery systems and expand into international markets through strategic partnerships and acquisitions are expected to drive the global expansion of United States brain health supplements market.
Market Key Trends
One of the major trends gaining traction in the United States brain health supplements market is growing consumer preference for herbal formulations due to rising health consciousness. Companies are launching herbal supplements made from ingredients like gingko biloba, rhodiola, bacopa monnieri, and lion’s mane mushroom which are known to boost cognitive health. For instance, Quincy Bioscience’s Prevagen brand offers a supplement containing apoaequorin, a protein derived from jellyfish that has neuroprotective properties.
Porter’s Analysis
Threat of new entrants: Supplement market in the US is saturated thus threat is moderate.
Bargaining power of buyers: Large customer base gives buyers higher bargaining power.
Bargaining power of suppliers: Major players are well established thus have higher power over ingredient suppliers.
Threat of new substitutes: Alternatives available but substitutability is low due to proven efficiency and safety of branded supplements.
Competitive rivalry: Intense competition exists among top players to launch new products and capture larger market share.
The United States brain health supplements market is concentrated in populous states like California, Texas, New York and Florida owing to the high number of health-conscious consumers in these regions. The western states especially California contribute over 30% to the total value sales owing to high disposable incomes, higher health & wellness awareness and sizable aging populace.
The eastern region of the United States comprising states like Pennsylvania, New Jersey and Maryland is witnessing fastest value growth above 11% annually driven by increasing adoption among baby boomers and working professionals seeking to improve cognitive abilities and enhance work productivity with daily supplement intake. Cities like Philadelphia, Baltimore and Washington D.C. account for disproportionately high demand in the region.
What Are The Key Data Covered In This United States Brain Health Supplements Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the United States Brain Health Supplements’s growth between 2024 and 2031.
:- Accurate calculation of the size of the United States Brain Health Supplements and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- United States Brain Health Supplements Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of United States Brain Health Supplements vendors
FAQ’s
Q.1 What are the main factors influencing the United States Brain Health Supplements?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top United States Brain Health Supplements companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the United States Brain Health Supplements’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
