Asia Pacific Brain Health Supplements Market Size & Outlook
Asia Pacific brain health supplements market, 2017-2030 (US$M)
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Asia Pacific brain health supplements market highlights
- The Asia Pacific brain health supplements market generated a revenue of USD 2,464.0 million in 2022.
- The market is expected to grow at a CAGR of 15.8% from 2023 to 2030.
- In terms of segment, herbal extract was the largest revenue generating product in 2022.
- Vitamins & Minerals is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, ANZ is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 2,464.0 million |
| Market revenue in 2030 | USD 7,954.0 million |
| Growth rate | 15.8% (CAGR from 2022 to 2030) |
| Largest segment | Herbal extract |
| Fastest growing segment | Vitamins & Minerals |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Molecules, Herbal Extract, Vitamins & Minerals |
| Key market players worldwide | Unilever PLC, Teva Pharmaceutical Industries Ltd, Natural Factors, Intelligent labs, Accelerated Intelligence, NOW Foods, Health Via Modern Nutrition, Peak Nootropics, AlternaScript |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.6% of the global brain health supplements market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,954.0 million by 2030.
Herbal extract was the largest segment with a revenue share of 43.08% in 2022. Horizon Databook has segmented the Asia Pacific brain health supplements market based on natural molecules, herbal extract, vitamins & minerals covering the revenue growth of each sub-segment from 2017 to 2030.
The brain supplements market has shown exceptional penetration in Asia Pacific, especially in China, India, and Japan, on account of increasing consumer awareness regarding the benefits of these supplements, rising preference for natural supplements over pharmaceuticals, and the growing prevalence of Alzheimer’s.
According to statistics published by the Alzheimer's Association, 4.6 million people in Japan are living with dementia and the number is expected to rise as the population ages. Furthermore, several product manufacturers are looking to produce brain health supplements that are exclusively aimed at sportspersons for performance improvement and to strengthen their mental composure. This is expected to offer lucrative business opportunities for product manufacturers.
Australia also has a significantly large market for brain health supplements including Modafinil and Piracetam. The rapid growth of the education sector along with increasing awareness about brain health in developing countries, such as China, Japan, India, and Bangladesh, is expected to fuel the regional demand for the product in near future.
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Brain Health Supplements Market Scope
Brain Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific brain health supplements market size, by country, 2017-2030 (US$M)
Asia Pacific Brain Health Supplements Market Outlook Share, 2022 & 2030 (US$M)
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