Regional Players Dominate the Industry Comprising ~40% Share of Total Competitors Despite the Presence of about ~150 Competitors Comprising a Large Number of Country-Niche Players and Global Players, finds a recent market study on the Global Brain Health Supplements Market
Brain health supplements assist improve brain function such as focus, reduce stress, prevent anxiety, dementia, and depression, and improve human memory, encourage good attitudes and thought processes, make people enthusiastic, and improve such key areas of human functioning.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
1. Global Players Constitute ~25% of the Total Number of Competitors, While Regional Players Dominate Representing ~40% of Total Competitors.
A comprehensive competitive analysis conducted during the Research Study found that the Global Brain Health Supplements Market is highly competitive with ~150 players, with their specialization in the development of Brain Health Supplements solutions for a variety of applications, such as Memory Enhancement, Attention & Focus, Mood & Depression, Sleep & Recovery, Longevity & Anti-Aging, Stress & Anxiety, including globally diversified players, regional players, and country-niche players. The majority of the global Brain Health Supplements solution companies, including Accelerated Intelligence Inc., AlternaScript LLC, Aurobindo Pharma Limited, HVMN Inc., Procera Health / KeyView Labs, Inc., Liquid Health, Inc, Natural Factors Nutritional Products Ltd., Onnit Labs, LLC., Purelife Bioscience Co, Ltd, Quincy Bioscience, LLC. maintained their leading positions in the forecast period. The market for brain health supplements is categorized by a growing number of product launches in response to the expanding need for high-quality supplements to promote and maintain brain health, increase memory, and boost brain function.
2. The Ongoing Efforts Of Leading World Specialists To Provide Brain Health Supplements To Multiple Industries Is Likely to Boost the Market.
Detailed comparative analysis of key competitors available within the Research Study shows that specialists players like Accelerated Intelligence Inc., AlternaScript LLC, Procera Health / KeyView Labs, Inc., Liquid Health, Inc, Onnit Labs, LLC., Quincy Bioscience, LLC.are strongly focused on providing important Brain Health Supplements that can be used across various applications, such as Memory Enhancement, Attention & Focus, Mood & Depression, Sleep & Recovery, Longevity & Anti-Aging, Stress & Anxiety. The market is very competitive, and establish a strong position in the market, the leading competitors in it are taking part in various strategic activities like mergers and acquisitions, partnerships, and product launches.
- In May 2021, Intelligent Labs launched SENECA nootropic complex, a mental health supplement.
- In February 2019, Reckitt Benckiser Group plc introduced “Neuriva,” a clinically validated brain health supplement based on a proprietary coffee bean extract, to the U.S. market.
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3. Government Initiatives and Development of Businesses to Aid in the Expansion of the Global Market for Brain Health Supplements
- To increase public awareness of dietary supplements, the U.S. Food and Drug Administration (FDA) launched a new education campaign in June 2022 titled Supplement Your Knowledge.
- In June 2021, Motiva Supplements introduced “Neuro Booster,” the first-ever clinically validated supplement to aid Alzheimer’s sufferers and boost brain health. It promotes increased absorption of six essential functional foods.
- Elysium Health Inc. and the University of Oxford collaborated to produce the Longevity supplement for brain health in June 2020. The “Matter” product contains a formulation of particular B vitamins that have been shown in clinical studies to delay brain atrophy related to age-related memory loss. In order to maximize the effectiveness of the B-vitamin complex, it also contains a powdered omega-3 lysine complex with higher bioavailability, along with an anthocyanin-rich bilberry extract that offers additional cognitive benefits.
For more information on the research report, refer to the below link:-