Global Cognitive Supplements Market to Reach US$ 674.0 Million by 2028, Fueled by Increase in Aging Population

September 08, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Cognitive Supplements Market by Product Type (Natural Molecules, Herbal Extract, Vitamins and Minerals), Form (Chewable, Capsules), Distribution Channel (Supermarket/Hypermarket, Medical Stores, Online Retail Stores, and Others), and Region 2023-2028,” the global cognitive supplements market size reached US$ 356.0 Million in 2022. Cognitive supplements refer to a category of specialized products designed to support and enhance cognitive functions, such as memory, focus, concentration, and overall brain health. These supplements often include a combination of vitamins, minerals, herbal extracts, and other bioactive compounds that have been associated with cognitive enhancement. Cognitive supplements help optimize brain performance, especially in today's fast-paced and demanding work environments. These supplements come in various forms, including pills, capsules, powders, and beverages, making them accessible and convenient for users seeking to augment their cognitive abilities. As industries continue to prioritize employee productivity and mental agility, the demand for cognitive supplements has been witnessing an upward trend.

Global Cognitive Supplements Market Trends:

With the intensifying demands of knowledge-based economies, individuals across various professional spheres are seeking solutions to enhance their cognitive prowess, primarily driving the global cognitive supplements market. Besides this, extensive funding in research and development (R&D) indicating a connection between specific nutrients and cognitive functions is creating a positive outlook for market expansion. Moreover, the aging population and the desire to maintain cognitive sharpness and stave off age-related cognitive decline are fueling the demand for effective cognitive supplementation. Concurrent with this, the rising prevalence of stress and mental fatigue in modern lifestyles has prompted individuals to explore cognitive supplements as a means to boost mental resilience and acuity, thereby strengthening the market growth. The workplace culture heavily relies on information processing and multitasking, further propelling the demand for products that can provide a mental edge. Additionally, rising consumer interest in holistic well-being and preventative healthcare as consumers are increasingly valuing cognitive health as an integral part of their overall wellness journey is presenting lucrative growth opportunities for the market. Furthermore, significant advancements in nutritional science and the development of innovative formulations are expanding the options available to consumers, making cognitive supplements more tailored and effective. Apart from this, the trend towards e-commerce and digital platforms and aggressive marketing strategies by manufacturers have significantly boosted the market's growth. Looking forward, the market value is projected to reach US$ 674.0 Million by 2028, expanding at a CAGR of 11.50% during 2023-2028.

Market Summary:

On the basis of the product type, the market has been divided into natural molecules, herbal extract, and vitamins and minerals.
Based on the form, the market is bifurcated into chewable and capsules.
On the basis of the distribution channel, the market has been segregated into supermarket/hypermarket, medical stores, online retail stores, and others.
Based on the region, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
The competitive landscape of the market has also been examined, with some of the key players being Amway Corp., Glanbia PLC, Herbalife Nutrition Ltd., HVMN Inc., Jarrow Formulas Inc., Liquid Health Inc., Lonza Group AG, Natural Factors Inc., NOW Health Group Inc., Onnit Labs Inc. (Unilever plc), etc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Product Types Covered	Natural Molecules, Herbal Extract, Vitamins and Minerals
Forms Covered	Chewable, Capsules
Distribution Channels Covered	Supermarket/Hypermarket, Medical Stores, Online Retail Stores, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Amway Corp., Glanbia PLC, Herbalife Nutrition Ltd., HVMN Inc., Jarrow Formulas Inc., Liquid Health Inc., Lonza Group AG, Natural Factors Inc., NOW Health Group Inc., Onnit Labs Inc. (Unilever plc), etc.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Cognitive Supplements Market to Reach US$ 674.0 Million by 2028, Fueled by Increase in Aging Population

Purchase options Year End sale

Single User License ~~$2499~~ $2249
Five User License ~~$3499~~ $2974
Corporate License ~~$4499~~ $3599

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.