Cognitive Health Ingredients Market Overview
Cognitive Health Ingredients Market is projected to reach approximately USD 2.53 billion by 2030 and register a significant CAGR of 8.43% during the forecast period
The Canada cognitive health ingredients market is a mature market, characterized by the widespread adoption of cognitive health products among consumers. Key drivers of the market include the aging population and increasing awareness of the importance of brain health.
Cognitive disorders largely affect social activities, self-dependence, and human behavior. It is observed specifically in the aging population. Cognitive health ingredients assist in overcoming cognitive problems that are likely to worsen with age. Cognitive health also help helps in coping up with nutritional deficiencies. The demand for cognitive formulae is surging among individuals who look forward to maintaining or increasing cognitive performance and curb the effects of aging and stress on the brain. The worldwide cognitive health ingredients market is likely to expand substantially over the forecast period. The growth is owing to the increasing awareness among people regarding brain health. The cognitive health in a human is supported by essential nutrients such as vitamin B and omega-3 fatty acids. Omega-3 fatty acids are commonly found in algal, fish, walnut, olive oils, and krill. They prevent cognitive decay in later life and improve cognitive performance. The consumption of vitamin B slows down brain shrinkage which starts at the age of 45. Tight deadlines, multitasking, less sleep, and longer working hours are few factors that negatively affect the brain health. These factors are largely driving the market for cognitive health ingredients, globally. Additionally, growing prevalence of Alzheimer’s disease also acts as an influencing factor for driving the global cognitive health ingredients market.
Key Players
The global cognitive health ingredients market has been dominated by key players such as Monteloeder (Spain), Yaegaki Bio-Industry, Inc. (Japan), Novastell (France), ECA HealthCare Inc. (China), D.D. Williamson & Co., Inc. (US), Lianyungang Rifeng Calcium & Magnesium Co., Ltd (China), Aturex Group (China), BASF SE (Germany), BioXTract (India), and BOS Natural Flavors (P) Ltd (India).
Market Segmentation
The global cognitive health ingredients market has been segmented based on ingredient, application, and source.
Based on ingredient, the worldwide cognitive health ingredients market has been segmented into proteins, vitamins, minerals, lipids, amino acids, and others. The lipids segment is likely to develop at the highest CAGR over the forecast period. Functional lipids such as omega-6 and omega-3 fatty acids, medium chain triglycerides, phytosterols, and conjugated linoleic acids, offer numerous cognitive health benefits which are expected to drive market growth over the forecast period. The health benefits of lipids include improved brain development, controlled obesity, management and treatment of depression, and proper brain functioning. Nutritional supplements and infant formula include eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). EPA and DHA are essentials for improved brain functioning and are varieties of omega-3 fatty acids typically derived from algal, fish, walnut oils, and krill. The minerals and vitamins segment are projected to lead the cognitive health ingredients market over the forecast period owing to the demand for additional nutrients in diets. Magnesium, iron, vitamins B, C, D, and E and zinc, are crucial to fight age-related cognitive disorder.
Based on application, the global cognitive health ingredients market has been segmented into pharmaceuticals, dietary supplements, functional food & beverages, and others.
Based on source, the global cognitive health ingredients market has been segmented into plant source and animal source.
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