North America Brain Health Supplements Market Size & Outlook
North America brain health supplements market, 2017-2030 (US$M)
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North America brain health supplements market highlights
- The North America brain health supplements market generated a revenue of USD 3,456.4 million in 2022.
- The market is expected to grow at a CAGR of 11.6% 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, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 3,456.4 million |
| Market revenue in 2030 | USD 8,341.2 million |
| Growth rate | 11.6% (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, North America region accounted for 40.1% 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 43.37% in 2022. Horizon Databook has segmented the North America 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 demand for brain health supplements in North America has grown substantially in recent years driven by rising consumer demand for products that improve cognitive health, backed by the growing trend of health consciousness, especially among the young population.
According to a survey conducted by the American Association of Retired Persons (AARP) on Brain Health and Dietary Supplements in June 2019, Americans aged 50 and older are regularly consuming large amounts of brain health supplements owing to increasing concerns over their brain and cognitive health.
These instances are expected to offer strong growth prospects to the regional market. Furthermore, rising awareness regarding the consumption of these products in the U.S. and Canada, on account of new product launches, is expected to promote regional market growth over the forecast period.
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Brain Health Supplements Market Scope
Brain Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America brain health supplements market size, by country, 2017-2030 (US$M)
North America Brain Health Supplements Market Outlook Share, 2022 & 2030 (US$M)
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