Middle East & Africa Brain Health Supplements Market Size & Outlook
Middle East & Africa brain health supplements market, 2017-2030 (US$M)
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MEA brain health supplements market highlights
- The MEA brain health supplements market generated a revenue of USD 251.4 million in 2022.
- The market is expected to grow at a CAGR of 13.6% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 251.4 million |
| Market revenue in 2030 | USD 696.6 million |
| Growth rate | 13.6% (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, MEA region accounted for 2.9% 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 Middle East & Africa 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 increasing awareness about mental health is expected to boost the sales of the product in this region. According to the Arab Youth Survey 2019, mental illness is a common concern among the young population in the Middle East & North Africa.
According to a survey by PMC, in 2020, depression and mental illness among adults in Saudi Arabia increased considerably post COVID-19 crisis. The study also revealed that mental illness prevailed more in the female adult population, as compared to male adult population. A rise in mental illness is anticipated to be one of the major factors attributing to the demand for brain health supplements in the country during the forecast period.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Brain Health Supplements Market Scope
Brain Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA brain health supplements market size, by country, 2017-2030 (US$M)
Middle East & Africa Brain Health Supplements Market Outlook Share, 2022 & 2030 (US$M)
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