Europe Brain Health Supplements Market Size & Outlook
Europe brain health supplements market, 2017-2030 (US$M)
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Europe brain health supplements market highlights
- The Europe brain health supplements market generated a revenue of USD 1,985.4 million in 2022.
- The market is expected to grow at a CAGR of 12.2% 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, Spain is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,985.4 million |
| Market revenue in 2030 | USD 5,000.9 million |
| Growth rate | 12.2% (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, Europe region accounted for 23.0% 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 Europe brain health supplements market based on natural molecules, herbal extract, vitamins & minerals covering the revenue growth of each sub-segment from 2017 to 2030.
Increasing sales of multivitamins that help in improving cognitive functions are expected to have a positive impact on market growth over the forecast period owing to their increasing demand from the working-class population as well as athletes.
Increasing consumer preference for natural alternative treatments is one of the major trends reshaping the European brain health supplements market. According to statistics published by cbi.eu (Ministry of Foreign Affairs), around 75% of Spanish consumers consume nutritional supplements.
The Spanish Academy of Nutrition states that consumers take supplements to improve general health and boost energy. This trend is expected to lead an upward growth trajectory in the coming years, thus positively influencing the regional market.
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Brain Health Supplements Market Scope
Brain Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe brain health supplements market size, by country, 2017-2030 (US$M)
Europe Brain Health Supplements Market Outlook Share, 2022 & 2030 (US$M)
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