South Africa Brain Health Functional Food And Beverage Market Size & Outlook
South Africa brain health functional food and beverage market, 2017-2030 (US$M)
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South Africa brain health functional food and beverage market highlights
- The South Africa brain health functional food and beverage market generated a revenue of USD 267.6 million in 2022 and is expected to reach USD 535.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.1% from 2023 to 2030.
- In terms of segment, vitamins & minerals was the largest revenue generating product in 2022.
- Choline is the most lucrative product segment registering the fastest growth during the forecast period.
Brain health functional food and beverage market data book summary
| Market revenue in 2022 | USD 267.6 million |
| Market revenue in 2030 | USD 535.8 million |
| Growth rate | 9.1% (CAGR from 2022 to 2030) |
| Largest segment | Vitamins & minerals |
| Fastest growing segment | Choline |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anthocyanins, Choline, Resveratrol, Ashwagandha, Ginkgo Biloba, Omega 3, Vitamins & Minerals, L-theanine, Curcumin |
| Key market players worldwide | WK Kellogg Co, Rage Coffee, Brain Bar, Cerebelly, Clutch Nutrition, Ingenuity Brands, Koios Beverage Corp., Memore, BrainMD |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.5% of the global brain health functional food and beverage market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa brain health functional food and beverage market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 535.8 million by 2030.
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Brain Health Functional Food And Beverage Market Scope
Brain Health Functional Food And Beverage Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa brain health functional food and beverage market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to brain health functional food and beverage market will help companies and investors design strategic landscapes.
Vitamins & minerals was the largest segment with a revenue share of 10.05% in 2022. Horizon Databook has segmented the South Africa brain health functional food and beverage market based on anthocyanins, choline, resveratrol, ashwagandha, ginkgo biloba, omega 3, vitamins & minerals, l-theanine, curcumin covering the revenue growth of each sub-segment from 2017 to 2030.
According to Sapien Labs' Annual Mental State of the World Report, which studied the mental wellbeing of people across 34 countries in 2021, South Africa ranked as one of the worst countries when it came to mental health.
This decline in mental health wellbeing is one of the major factors boosting the need and demand for functional foods & beverages that support brain health.
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Our clientele includes a mix of brain health functional food and beverage market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa brain health functional food and beverage market , including forecasts for subscribers. This country databook contains high-level insights into South Africa brain health functional food and beverage market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa brain health functional food and beverage market size, by product, 2017-2030 (US$M)
South Africa Brain Health Functional Food And Beverage Market Outlook Share, 2022 & 2030 (US$M)
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