Europe Brain Health Supplements Market
No. of Pages: 145 | Report Code: BMIRE00029108 | Category: Consumer Goods
No. of Pages: 145 | Report Code: BMIRE00029108 | Category: Consumer Goods
The Europe brain health supplements market is expected to grow from US$ 1,807.04 million in 2022 to US$ 3,434.14 million by 2028. It is estimated to grow at a CAGR of 11.3% from 2022 to 2028.
Increasing Demand for Brain Supplements Among Elderly Population Fuels Europe Brain Health Supplements Market
The UK, and many other countries are focused on the modernization of healthcare facilities and improvements in healthcare services. The subsequently rising life expectancy of people leads to the growth of the geriatric population in these countries. According to data published by the WHO in February 2018, the elderly population is estimated to rise from 12% in 2015 to 22% by 2050.
Aging causes changes in brain size, cognition, and vasculature, and the changes happen at all levels, from molecular to morphological. The brain changes that may affect cognition and behavior occur due to molecular aging, tissue aging, intercellular and intracellular aging, and organ changes. The cases of stroke, dementia, and white matter lesions also rise with age, as does the level of memory impairment with alterations in neurotransmitter and hormone levels. Elderly people with an inadequate intake of micronutrients and antioxidants may be at a higher risk of alterations in brain functioning, and loss of mental and emotional abilities. With growing age being a major risk factor for dementia and cognitive impairment, cognitive fitness has become crucial in the last several years. Currently, there are no effective preventive strategies available for cognitive decline. Brain supplements are among the most common alternative and complementary medicines used by patients. Thus, the increasing demand for brain supplements among the elderly population bolsters the growth of the brain health supplements market.
Europe Brain Health Supplements Market Overview
The brain health supplements market in Europe is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. The region holds a significant share of the global market. The market is expected to witness significant growth during the forecast period due to rising consumer preference for plant-based products, increasing awareness of brain health, and the easy availability of various products in European markets.
Europe Brain Health Supplements Market Revenue and Forecast to 2028 (US$ Million)
Europe Brain Health Supplements Market Segmentation
The Europe brain health supplements market is segmented into product, application, dosage form, distribution channel, age category, and country.
Based on product, the Europe brain health supplements market is segmented into natural molecules, herbal extract, and vitamins and minerals. The natural molecules segment registered the largest Europe brain health supplements market share in 2022. The natural molecules is further subsegmented into acetyl-L-carnitine, docosahexaenoic Acid (DHA), alpha GPC, citicoline, huperzine-A, and others. The herbal extract is further subsegmented into bacopa monnieri, ginkgo biloba, ginseng, curcumin, lion's mane, and others. The vitamins and minerals is further subsegmented into vitamins C and E, vitamin B complex and others.
Based on application, the Europe brain health supplements market 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 Europe brain health supplements market share in 2022.
Based on dosage form, the Europe brain health supplements market is segmented into capsules, tablets, and others. The others segment held the largest Europe brain health supplements market share in 2022.
Based on distribution channel, the Europe brain health supplements market is segmented into supermarket and hypermarket, drug store, online and others. The supermarket and hypermarket segment held the largest Europe brain health supplements market share in 2022.
Based on age category, the Europe brain health supplements market is segmented into adults, children, and elderly. The adults segment held the largest Europe brain health supplements market share in 2022.
Based on country, the Europe brain health supplements market has been categorized into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Germany dominated the Europe brain health supplements market in 2022.
Intelligent Labs, Mind Lab Pro, Reckitt Benckiser Group Plc, and ReMind Brain Health Supplements are some of the leading companies operating in the brain health supplements market in the region.
Strategic insights for the Europe Brain Health Supplements provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,807.04 Million |
| Market Size by 2028 | US$ 3,434.14 Million |
| Global CAGR (2022 - 2028) | 11.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Brain Health Supplements refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe Brain Health Supplements Market is valued at US$ 1,807.04 Million in 2022, it is projected to reach US$ 3,434.14 Million by 2028.
As per our report Europe Brain Health Supplements Market, the market size is valued at US$ 1,807.04 Million in 2022, projecting it to reach US$ 3,434.14 Million by 2028. This translates to a CAGR of approximately 11.3% during the forecast period.
The Europe Brain Health Supplements Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Brain Health Supplements Market report:
The Europe Brain Health Supplements Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Brain Health Supplements Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Brain Health Supplements Market value chain can benefit from the information contained in a comprehensive market report.
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