by The United States brain health supplements market involves supplements that aid in enhancing brain functions such as memory, reasoning ability, processing speed, and attention. Key products in this market include vitamins, minerals, herbs, phospholipids, and other bioactive ingredients that focus on improving overall brain health and protecting the brain from age-related cognitive decline.
The increasing prevalence of mild cognitive impairment (MCI) and Alzheimer’s disease has fueled demand for brain health products that support memory, focus, and concentration.
The 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.
Key Takeaways
Key players operating in the United States brain health supplements are Alternascript, Accelerated Intelligence, Inc., Liquid Health, Procera Health, Quincy Bioscience, ADM, and Natural Factors Nutritional Products Ltd. These companies enjoy a significant market share due to their diverse product portfolios and strong distribution networks across the country. The rising awareness about proactively managing cognitive decline presents lucrative opportunities for new product launches containing innovative blends of herbal extracts and vitamins in the market. Additionally, the growing geriatric population base suffering from Alzheimer’s and cognitive dysfunctions will drive the demand for brain health supplements globally.
Market Drivers
The increasing prevalence of mild cognitive impairment (MCI) and Alzheimer’s disease are the major factors estimated to drive the growth of the United States brain health supplements market. As per the Alzheimer’s Association, around 6.2 million Americans of all ages are living with Alzheimer’s dementia in 2021. Moreover, aged 65 and older, one in nine people have MCI caused by Alzheimer’s or other dementias. The rising economic burden of cognitive diseases is expected to propel consumers to incorporate inexpensive and home-based preventive measures like brain health supplements to reduce the risk of dementia.
PEST Analysis
Political: The brain health supplement market is regulated by the US Food and Drug Administration (FDA). Any changes in FDA regulations can impact the ingredients permitted and claims allowed for these supplements.
Economic: Changes in the US economic environment like inflation, interest rates, and disposable income levels impact consumer spending on health supplements. Recessions tend to reduce supplementary spending.
Social: Due to increasing health awareness and desire to improve cognitive performance, the demand for brain health supplements is growing among US consumers. Consumers are willing to spend more on improving memory, focus, and neurological function.
Technological: Advancements in neuroscience research are leading to new active ingredients and ingredient combinations to boost cognitive functions like memory, learning, concentration, etc. Supplement companies focus on developing scientifically validated formulations.
The United States brain health supplement market is concentrated in terms of value in Western and Southern regions of the country. States like California, Texas and Florida account for over 40% share due to high consumer spending power and health consciousness.
The Southeast region of the US which includes states like North Carolina, South Carolina, Georgia and others is growing the fastest for brain health supplements. This can be attributed to increasing health awareness, growing elderly population seeking to enhance cognitive functions and economic growth in these states.
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, 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, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
