Brazil Brain Health Supplements Market Size & Outlook
Brazil brain health supplements market, 2017-2030 (US$M)
Related Markets
Brazil brain health supplements market highlights
- The Brazil brain health supplements market generated a revenue of USD 210.4 million in 2022 and is expected to reach USD 656.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 15.3% 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.
Brain health supplements market data book summary
| Market revenue in 2022 | USD 210.4 million |
| Market revenue in 2030 | USD 656.3 million |
| Growth rate | 15.3% (CAGR from 2022 to 2030) |
| Largest segment | Herbal extract |
| Fastest growing segment | Vitamins & Minerals |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 2.4% of the global brain health supplements market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil brain health supplements market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 656.3 million by 2030.
Herbal extract was the largest segment with a revenue share of 42.44% in 2022. Horizon Databook has segmented the Brazil 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 rising prevalence of psychiatric illnesses is driving the growth of the market in this nation. According to a survey of World Health Organization (WHO) published in 2019 Brazil holds fifth position in depression rates and tops in number cases of anxiety disorders in the world.
With the growing demand for brain health supplements in the country, many global players are collaborating with local pharmaceutical businesses to meet the demand for brain supplements. The natural molecules and herbal extracts are the most popular types of brain supplements in this nation. Brazil nuts, which contain selenium, are useful in improving cognitive functions of brain.
This ingredient has gained significant popularity among the aging population facing cognitive decline. Furthermore, companies in the region are partnering with wellness health solution providers to launch their innovative products.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Brain Health Supplements Market Scope
Brain Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil brain health supplements market size, by product, 2017-2030 (US$M)
Brazil Brain Health Supplements Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
