South Africa Brain Health Supplements Market Size & Outlook
South Africa brain health supplements market, 2017-2030 (US$M)
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South Africa brain health supplements market highlights
- The South Africa brain health supplements market generated a revenue of USD 74.0 million in 2022 and is expected to reach USD 215.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 14.3% 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 74.0 million |
| Market revenue in 2030 | USD 215.5 million |
| Growth rate | 14.3% (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, South Africa accounted for 0.9% 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 Middle East & Africa, South Africa brain health supplements market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 215.5 million by 2030.
Herbal extract was the largest segment with a revenue share of 42.43% in 2022. Horizon Databook has segmented the South 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.
Depression and anxiety have become prominent in this country in recent years. Many socioeconomic conditions like violence, communicable diseases, and urbanization have contributed to the country's rising prevalence of mental problems. To address the issue, both government and non-government organizations have been raising mental health awareness programs.
Like, in 1997, the South African government introduced the White Paper Act, to deinstitutionalize mental health care and integrate it into primary care. On the contrary, many companies are also trying to create a market for their product through ecommerce sites.
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Brain Health Supplements Market Scope
Brain Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa brain health supplements market size, by product, 2017-2030 (US$M)
South Africa Brain Health Supplements Market Outlook Share, 2022 & 2030 (US$M)
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