Spain Brain Health Supplements Market Size & Outlook
Spain brain health supplements market, 2017-2030 (US$M)
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Spain brain health supplements market highlights
- The Spain brain health supplements market generated a revenue of USD 209.3 million in 2022 and is expected to reach USD 636.4 million by 2030.
- The Spain market is expected to grow at a CAGR of 14.9% 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 209.3 million |
| Market revenue in 2030 | USD 636.4 million |
| Growth rate | 14.9% (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, Spain accounted for 2.4% 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 42.86% in 2022. Horizon Databook has segmented the Spain 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 Spain has been spurred by increased consumer interest in preventive healthcare and the growing aging population in the country. This evolution has been influenced by consumer demand and the scientific data on the influence of brain health supplements on controlling and restoring brain health and using them as medications for the potential prevention of disease. Thus, the demand for brain health supplements is on the rise in Spain.
The natural molecule segment captured a significant market share in Spain in 2022. Market players in Spain are investing in R&D in validating the efficiency of novel products in the market and are committed to offering new improved products to address the rising demand for brain health supplements.
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Brain Health Supplements Market Scope
Brain Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain brain health supplements market size, by product, 2017-2030 (US$M)
Spain Brain Health Supplements Market Outlook Share, 2022 & 2030 (US$M)
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