Cognitive Supplements Market Scope
According to the WHO (World Health Organization) data, more than 170 countries are ranked according to the death rates due to Alzheimer's disease per 100,000. Cognitive health supplements marked up to USD 3 billion of the global market and are predicted to reach USD 5.8 billion by 2023. Increasing aging population and related health issues such as Alzheimer and dementia are some of the major factors propelling the growth of cognitive health supplements market. Aforementioned factors and increasing brain related disorders is expected to fuel the sales of cognitive supplements around the world. Rising influence of e-commerce and the easy availability of these health supplements are contributing to the growth of the market.
The market study is being classified by Type (Capsules, Tablet and Others), by Application (Memory Enhancement, Attention and Focus, Mood and Depression and Others) and major geographies with country level break-up. According to AMA, the Global Cognitive Supplements market is expected to see growth rate of 13.97%
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Cognitive Supplements market throughout the predicted period.
Accelerated Intelligence Inc. (United States), HVMN (United States), Onnit Labs, Inc. (United States), BrainMD Health (United States), NOW Foods (United States), Quincy Bioscience (United States), Bactolac Pharmaceutical (United States), Wakunaga (United States) and Purelife Bioscience Co. Ltd. (China) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Cognitive Supplements market by Type, Application and Region.
On the basis of geography, the market of Cognitive Supplements has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End users, the sub-segment i.e. Children will boost the Cognitive Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Acetyl-L-Carnitine will boost the Cognitive Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. Online will boost the Cognitive Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
April 2019, RB, a global producer of popular consumer health, hygiene, and home products, announced the launch of Neuriva, a science-backed dietary supplement, and complementary digital training and support program. Neuriva offers a holistic approach for people at all stages of life. and Neuriva's ingredients are supported by clinical studies and the scientifically-validated cognitive stimulation program will help consumers keep their brains at the center of their wellness routines.
February 2019, The U.S. Food and Drug Administration will embark on a plan to implement “one of the most significant modernizations of dietary supplement regulation and oversight in more than 25 years. and The passage of the landmark Dietary Supplement Health and Education Act (DSHEA) of 1994, which established the industry’s current regulatory framework.
- The Inclination of Consumers towards Herbal/Organic Dietary Supplements
- The Proliferation of e-Commerce Industry
- Increasing Disposable Income and Urban Population
- Rising Concerns about Health among Consumers
- High Consumption of Dietary Supplements that helps in Maintaining a Dose of Vital Nutrients
- Manufacturers Investing Through Online Retailing on Cognitive Supplements
- Increasing Adoption of Social Media to Market about the Benefits of Cognitive Supplements and Developmental Activities
- Presence of Other Alternatives for Cognitive Supplements is hampering the Market Growth
- Lack of Awareness among Consumers of Rural Population and False Claim by the Companies Related to Cognitive Supplements
- Stringent Regulatory Compliances is posing a Challenge for the Market
Key Target AudienceCognitive Supplements Manufacturers, Potential Investors, Marketing firms, Industry Associations, Government & Regulatory Bodies and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase