Germany Brain Health Supplements Market Size & Outlook
Germany brain health supplements market, 2017-2030 (US$M)
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Germany brain health supplements market highlights
- The Germany brain health supplements market generated a revenue of USD 374.4 million in 2022 and is expected to reach USD 812.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 10.2% 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.
Brain health supplements market data book summary
| Market revenue in 2022 | USD 374.4 million |
| Market revenue in 2030 | USD 812.7 million |
| Growth rate | 10.2% (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, Germany accounted for 4.3% 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 Europe, Germany brain health supplements market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 636.4 million by 2030.
Herbal extract was the largest segment with a revenue share of 42.55% in 2022. Horizon Databook has segmented the Germany brain health supplements market based on natural molecules, herbal extract, vitamins & minerals covering the revenue growth of each sub-segment from 2017 to 2030.
Demand for brain health supplements in Germany has grown exponentially over the years. Product manufacturers operating in the market are taking major initiatives to cater to the rising demand from consumers. The rising prevalence of various diseases including mental illness and Alzheimer’s and the growing geriatric population are expected to fuel the demand for brain health supplements in Germany.
According to statistics published by the German Society for Alzheimer's sufferers in September 2022, 1.8 million people in Germany witness diagnosed dementia, and in 2020 there were 9,450 deaths as a result of Alzheimer's.
Therefore, companies and healthcare associations are advising people to consume brain health supplements and take preventive measures for mental illness. Thus, the demand for brain health supplements in Germany have grown exponentially in recent years.
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Brain Health Supplements Market Scope
Brain Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany brain health supplements market size, by product, 2017-2030 (US$M)
Germany Brain Health Supplements Market Outlook Share, 2022 & 2030 (US$M)
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