The Global Cognition Supplements Market is projected to grow at a CAGR of 7.11% during the forecast period (2019-2024).
Cognitive supplements are balanced blends of herbal extracts and nutrients that are consumed to enhance brain functions such as concentration, memory power, attention, mood, creativity, and motivation in individuals.
Safety concerns pertaining to Alzheimer's disease and Korsakoff syndrome among the young population and the addition of vitamins and minerals as multi ingredients are expected to drive the acceptance of these products in the market.
Key Market Trends
Growing Demand for Dietary Supplements
The rising geriatric population has created ample opportunities for the dietary supplement manufacturers as most old age people cannot meet their Recommended Dietary Allowances (RDA) because of insufficient dietary intake which results in increasing the dietary supplement including cognition supplements. Moreover, the growing importance of health as a lifestyle choice has attracted many companies to enter into the vitamin, mineral, and botanical segments of the market studied. Thus, the intense focus on the preventive healthcare system, coupled with robust endorsements and marketing efforts of lifestyle enhancement products, is driving the dietary supplements market.
North America holds a Significant Market Share in the Market Studied
North America holds a significant market share in the cognition supplements market as the demand in the region is predicted to rise due to an increasing number of product launches having herbal and natural ingredients, thereby contributing to the growth of the market in the region. Asia Pacific is expected to expand at the highest CAGR over the forecast period, on account of rising demand for the herbal products. China is a major country contributing to increasing demand in the Asia-Pacific market.
Competitive Landscape
The global cognition supplements market is moderately consolidated with top global players occupying significant market share. Some of the major key players in the cognition supplements market, globally includes Accelerated Intelligence, HVMN Inc., Quincy Bioscience – The Makers of Prevagen, Liquid Health, Inc., Jarrow Formulas, Inc., among others.
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Cognitive supplements are balanced blends of herbal extracts and nutrients that are consumed to enhance brain functions such as concentration, memory power, attention, mood, creativity, and motivation in individuals.
Safety concerns pertaining to Alzheimer's disease and Korsakoff syndrome among the young population and the addition of vitamins and minerals as multi ingredients are expected to drive the acceptance of these products in the market.
Key Market Trends
Growing Demand for Dietary Supplements
The rising geriatric population has created ample opportunities for the dietary supplement manufacturers as most old age people cannot meet their Recommended Dietary Allowances (RDA) because of insufficient dietary intake which results in increasing the dietary supplement including cognition supplements. Moreover, the growing importance of health as a lifestyle choice has attracted many companies to enter into the vitamin, mineral, and botanical segments of the market studied. Thus, the intense focus on the preventive healthcare system, coupled with robust endorsements and marketing efforts of lifestyle enhancement products, is driving the dietary supplements market.
North America holds a Significant Market Share in the Market Studied
North America holds a significant market share in the cognition supplements market as the demand in the region is predicted to rise due to an increasing number of product launches having herbal and natural ingredients, thereby contributing to the growth of the market in the region. Asia Pacific is expected to expand at the highest CAGR over the forecast period, on account of rising demand for the herbal products. China is a major country contributing to increasing demand in the Asia-Pacific market.
Competitive Landscape
The global cognition supplements market is moderately consolidated with top global players occupying significant market share. Some of the major key players in the cognition supplements market, globally includes Accelerated Intelligence, HVMN Inc., Quincy Bioscience – The Makers of Prevagen, Liquid Health, Inc., Jarrow Formulas, Inc., among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accelerated Intelligence
- HVMN Inc.
- Onnit Labs, Inc.
- Liquid Health, Inc.
- Quincy Bioscience - The Makers of Prevagen
- Natural Factors Inc.
- Jarrow Formulas, Inc.
- Cerebral Success
Methodology
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