Brain Health Supplements Market Size, Share, Outlook, and Opportunity Analysis, 2020– 2027
Brain Health Supplements Market Report Analyses competitive environment such as key players, future trends, growths, challenges and acquisitions in the market.
The geriatric population is increasing rapidly, globally. This population group is highly susceptible to different types of age-related diseases such as Parkinson's disease, mental health disorders, and others. According to the World Population Prospects, in 2017,
The increasing prevalence of Alzheimer's is expected to fuel the brain health supplements market growth during the forecast period. According to the 2019 Alzheimer's Facts and Figures published by the Alzheimer's Association, around 5.8 million people in the U.S. are suffering from Alzheimer's dementia in 2019.
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Market players are focused on launching new products in order to expand their offerings in the market which is expected to drive the market growth in near future.
COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channel, and by its financial impact on firms and financial markets.
Furthermore, the lockdown has increased stress and anxiety levels and depression among the population. Brain health supplements can emerge as potential options for treating these health issues.
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Key Takeaways of the Global Brain Health Supplements Market:
The global brain health supplements market is expected to exhibit a CAGR of 8.5% during the forecast period, owing to increased product launches and approvals by the market players. For instance, in November 2015, Cel Nutrition, announced the launch of 'nootropic' NervaCORE, an alternative to the cognition-enhancing prescription drugs that can be used to improve memory, learning ability, and stabilize sleep-cycles.
Companies operating in the global brain health supplements market are AlternaScript, LLC, Accelerated Intelligence Inc., Liquid Health, Inc., HVMN Inc., Natural Factors Nutritional Products Ltd., KeyView Labs, Inc., Onnit Labs, LLC, Purelife Bioscience Co., Ltd., Quincy Bioscience, Cerebral Success, Amway, Puori, Ocean Health, and Schiff.
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