The global cognition supplements market is poised to grow by USD 4.09 billion, and register a CAGR of almost 14% during 2020-2024. The outbreak of COVID-19 has caused supply disruptions for a short time. However, the market is witnessing an increase in online sales of cognition supplements. In addition, factors such as the rising penetration of the internet and smartphones and the expanding global geriatric population will present several opportunities for vendors during the forecast period.
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Technavio has announced its latest market research report titled Global Cognition Supplements Market 2020-2024 (Graphic: Business Wire)
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The report on the cognition supplements market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
The market is driven by the increasing proportion of the geriatric population. Older people are more prone to age-related diseases and dementia. Cognition supplements are rich in micronutrients such as selenium and omega-3 oils. This helps in maintaining healthy blood sugar levels and reducing the risk of loss of brain functions. In addition, the study identifies the increasing preference for a healthy lifestyle as one of the prime reasons driving the cognition supplements market growth during the next few years.
The cognition supplements market analysis includes application and geography landscape.
Based on the application, the market saw an increased demand for memory enhancement supplements in 2019. This is due to the growing need for supplements to mitigate conditions such as memory loss.
North America led the global cognition supplements market with a 34% share in 2019. The region will provide significant growth opportunities for vendors during the forecast period. Factors such as the increasing health consciousness, rising disposable incomes, and increasing propensity of individuals toward staying fit and competitive are driving the market growth in North America.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The cognition supplements market covers the following areas:
Cognition Supplements Market Sizing
Cognition Supplements Market Forecast
Cognition Supplements Market Analysis
Companies Mentioned
- Amway Corp.
- Archer Daniels Midland Co.
- Arkopharma Laboratories
- BASF SE
- Bayer AG
- Glanbia Plc
- GNC Holdings Inc.
- Herbalife Nutrition Ltd.
- Lonza Group Ltd.
- NOW Health Group Inc.
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Memory enhancement Market size and forecast 2019-2024
- Mood and depression alleviation Market size and forecast 2019-2024
- Attention and focus improvement Market size and forecast 2019-2024
- Others Market size and forecast 2019-2024
- Market opportunity by Application
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Amway Corp.
- Archer Daniels Midland Co.
- Arkopharma Laboratories
- BASF SE
- Bayer AG
- Glanbia Plc
- GNC Holdings Inc.
- Herbalife Nutrition Ltd.
- Lonza Group Ltd.
- NOW Health Group Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
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