Brain Health Supplements Market, By Product Type, By Application, By Supplement Form, By Distribution Channel, and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Aug 2023

Code : CMI4205

Pages :183

Formats :

Excel and PDF

Industry : Pharmaceutical

Market News

Global Brain Health Supplements Market : Key Developments

On May 3, 2023, Nature’s Way Brands,- a company that manufactures products that are designed to enhance and empower personal wellness, launched Brain Fuel, a gummy supplement formulated to support short-term memory, focus, and concentration in adults. Brain Fuel’s key ingredient is Cognigrape, a clinically-studied red grape extract for cognitive support.
On January 1, 2023, Parable,- a biopharmaceutical company, launched Daily, a brain health supplement. Daily is an unflavored neuro-fortified supplement based in powdered oat milk that can be added to any drink, and is meant to support brain health.
In April 2021, Thorne, - a company that develops solutions for a personalized approach to health and wellbeing, announced a strategic partnership with PreCon Health, Inc.,- a company that focuses on scientific discovery, innovation, and advancing safe and effective products that supports healthy brain function, bringing to market a multi-ingredient dietary supplement, formulated to support pre- and post-impact brain health.

Increasing adoption of Inorganic growth strategies by key market players: Increasing scenarios of mergers, acquisitions and partnerships are expected to boost growth of the global brain health supplements market. For instance, on February 3, 2023, Thorne,- a company that focuses on developing innovative solutions for a personalized approach to health and wellness, announced that it had acquired PreCon Health, Inc.,- company focuses on scientific discovery, innovation, and advancing safe and effective products that support healthy brain function.
Increase in product launches: The launch of new products is also expected to boost the growth of the global brain health supplements market. For instance, in October 2020, Neuratech,- a Australia-based health start-up, announced the launch of two brain supplements- Boost and Calm. Boost is a focus and energy nootropic and Calm is a stressand sleep nootropic.