China Brain Health Supplements Market Size & Outlook
China brain health supplements market, 2017-2030 (US$M)
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China brain health supplements market highlights
- The China brain health supplements market generated a revenue of USD 815.7 million in 2022 and is expected to reach USD 2,391.2 million by 2030.
- The China market is expected to grow at a CAGR of 14.4% 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 815.7 million |
| Market revenue in 2030 | USD 2,391.2 million |
| Growth rate | 14.4% (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, China accounted for 9.5% 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 Asia Pacific, China brain health supplements market is projected to lead the regional market in terms of revenue in 2030.
- ANZ is the fastest growing regional market in Asia Pacific and is projected to reach USD 885.2 million by 2030.
Herbal extract was the largest segment with a revenue share of 43.56% in 2022. Horizon Databook has segmented the China brain health supplements market based on natural molecules, herbal extract, vitamins & minerals covering the revenue growth of each sub-segment from 2017 to 2030.
Alzheimer’s disease is one of the fastest growing diseases in China. As stated in a paper published in Oxford University Press, in China, over 9.5 million people suffered from Alzheimer’s disease in 2019. This rapidly growing mental disorder has widened the scope for brain health supplement in China. In response, a number of manufacturers are offering memory supplements in the country.
For example, Solstice Medicine Company, a traditional Chinese medicine manufacturer, offers powders, tablets, and syrups made from ginseng, greater galangal, tangerine peel, Chinese rhubarb, cordyceps, fragrant angelica, Licorice root, moghania root, menthol, and other natural ingredients. These traditional Chinese ingredients aid in improving memory and brain functions.
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Brain Health Supplements Market Scope
Brain Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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China brain health supplements market size, by product, 2017-2030 (US$M)
China Brain Health Supplements Market Outlook Share, 2022 & 2030 (US$M)
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