The Global Brain health supplements market was valued at USD 6.9 Billion in 2020 and is anticipated to grow at USD 12.37 Billion till 2027 recording a CAGR of 8.7% during the forecast period 2021-2027. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
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Brain health supplements greatly work in boosting the one’s brain function as these supplements enhance the mood, creativity, memory, motivation and attention of healthy people. These supplements are also known as dietary supplements, which greatly support the brain chemistry for improving the better functioning of the brain. There are a number of product supplements are available in the market in synthetic or natural form for the health of brain.
Global Brain Health Supplements Market Segmentation
1) By Type: Protein Powder, Lecithin, Cephalin, Others
2) By Application: Elder, Children, Student, Others
3) By Distribution Channel: Super Marts & HyperMarts, Online Stores, Drug Stores, Others
4) By Geography: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
North America is dominating the brain health supplements market owing to the growing awareness among people about the benefits of brain health supplements and increasing adaptation of brain health supplements. Market in Asia pacific is anticipated to grow at significant rate because of the factors like growing awareness about brain health supplements to boost the brain function changing lifestyle in the region. Europe market is anticipated to record considerable growth because of the presence of industry players in the region.
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The Major key players working in global brain health supplements market such as HVMN Inc., Purelife Bioscience Co., Ltd., Teva Pharmaceutical Industries Ltd., Liquid Health, Inc., Natural Factors Nutritional Products Ltd., Peak Nootropics, AlternaScript, Onnit Labs, Inc.and Quincy Bioscience. Key players of this market also focus on following a few effective strategies to retain their position in the market.
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