Industry Overview
The brain health supplements market is a growing industry that is expected to reach a valuation of USD 8.63 billion in 2022, with a projected compound annual growth rate (CAGR) of 13.3% from 2023 to 2030. The market growth is driven by the increasing awareness surrounding mental health issues, including attention and focus problems, declining memory, anxiety, and depression. Additionally, the growing adoption of natural and herbal health products is expected to drive further expansion within the industry during the forecast period.
One of the primary applications of brain health supplements is memory enhancement, which dominated the market with a substantial share of over 25.2% in 2022. The increasing competition in the academic sector has led to a growing demand for memory enhancers and brain health supplements among students. The brain supplements market has seen significant penetration in the Asia Pacific region, with countries like China, India, and Japan leading the way.
Phytocin is a company that operates in this growing industry, aiming to develop a natural product that can enhance memory function in both healthy individuals and patients with Alzheimer’s disease. By leveraging the power of natural compounds, advanced nano-delivery technology, and safe, effective delivery systems, Phytocin hopes to provide a unique and innovative solution to the challenges posed by memory-related conditions.