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.
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