North America Brain Health Supplements Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Natural Molecules, Herbal Extract, and Vitamins and Minerals), Application (Memory Enhancement, Attention and Focus, Depression and Mood, Sleep and Recovery, Antiaging and Longevity, and Others), Dosage Form (Capsules, Tablets, and Others), Distribution Channel (Supermarket and Hypermarket, Drug Store, Online, and Others), and Age Category (Adults, Children, and Elderly)
The North America brain health supplements market is expected to grow from US$ 3,001.72 million in 2022 to US$ 5,900.73 million by 2028; it is estimated to register a CAGR of 11.9% during 2022–2028.
Growing Prevalence of Major Depressive Disorders Boosts the North America Brain Health Supplements Market Growth
Depression, which is a common mental disorder, is different from normal mood fluctuations and temporary emotional responses to challenges faced every day.A recurrent depression with moderate or severe intensity may become a serious health issue.
It can hamper the performance of affected individuals in homes, workplaces, schools, etc.People suffering from depression are also likely to attempt suicide.
According to the National Institute of Mental Health (NIMH), ~14.8 million US adults aged 18 and above (i.e., 6.0% of the total adult population) had at least one major depressive episode with serious impairment in 2020. According to the National Center for Biotechnology Information (NCBI), there is growing evidence about the role of nutrients in mental health. The adequate consumption of nutrients contributes to better overall health and mental health. Hence, the optimum supply of nutrients as adjunctive therapy to antidepressant treatment is essential for adequate brain functioning. Thus, the growing prevalence of major depressive disorders is driving the growth of the in North America brain health supplements market .
North America Brain Health Supplements Market Overview
The brain health supplements market in North America is segmented into the US, Canada, and Mexico.Brain health supplements are offered in the form of capsules, tablets, solutions, and powders to improve memory, creativity, attention, motivation, sleep, etc.
The market growth in this region is attributed to the surging cases of mental illness, rising awareness about mental health issues, increasing geriatric population, and a growing number of product launches by key players.
North America Brain Health Supplements Market Revenue and Forecast to 2028 (US$ Million)
North America Brain Health Supplements Market Segmentation
The North America brain health supplements market is segmented on the basis of product, application, dosage form, distribution channel, age category, and country.
Based on product, the market is segmented into natural molecules, herbal extracts, and vitamins and minerals.The natural molecules segment held the largest market share in 2022.
The natural molecule segment is further divided into acetyl-carnitine, citicoline, huperzine-A, alpha GPC, docosahexaenoic acid (DHA), and others.Further, the herbal extract segment is fragmented into ginseng, curcumin, Lion’s mane, Ginkgo biloba, Bacopa monnieri, and others.
The vitamins & minerals segment is subsegmented into vitamins C & E, vitamin B complex, and others.
The North America brain health supplements market, by application, is segmented into memory enhancement, attention and focus, depression and mood, sleep and recovery, anti-aging and longevity, and others. The memory enhancement segment held the largest market share in 2022.
In terms of dosage form, the North America brain health supplements market is segmented into capsules, tablets, and others . The others segment held the largest market share in 2022.
The North America brain health supplements market, by distribution channel, is segmented into supermarket and hypermarket, drug store, online, and others . The supermarket and hypermarket segment accounted for the largest market share in 2022.
Based on age category, the North America brain health supplements market is segmented into adults, children, and elderly . The adults segment held the largest market share in 2022.
The North America brain health supplements market, by country, is segmented into the US, Canada, and Mexico. The US dominated the market in 2022.
Danone SA; Health Via Modern Nutrition Inc.; LIQUID HEALTH, INC.; Natural Factors; Unilever PLC; Peak Nootropics; Purelife bioscience Co., Ltd.; Quincy Bioscience; Procera Health; and Harbin Pharmaceutical Group Co., Ltd. are the leading companies operating in the North America brain health supplements market.