PUBLISHER: The Business Research Company | PRODUCT CODE: 1619470
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619470
Brain health functional foods and beverages are specially created to boost cognitive function, mental clarity, and overall brain health. They offer benefits that go beyond basic nutrition, aiming to enhance mental performance and well-being.
Key products in this category include bakery items, dairy products, cereals and grains, baby food, nutritional bars and supplements, among others. Bakery items, such as fortified breads, pastries, and snacks, are enriched with brain-boosting components such as omega-3, vitamins, and antioxidants to support cognitive function, enhance memory, and promote mental health. These products often contain ingredients such as anthocyanins, choline, resveratrol, ashwagandha, ginkgo biloba, omega-3, vitamins and minerals, L-theanine, and curcumin. They address various health issues, including cognitive function, mood, sleep, and stress management. Distribution is through supermarkets, convenience stores, specialty stores, online platforms, and more, targeting adults, seniors, and children.
The brain health functional food and beverage market research report is one of a series of new reports from The Business Research Company that provides brain health functional food and beverage market statistics, including brain health functional food and beverage industry global market size, regional shares, competitors with a brain health functional food and beverage market share, detailed brain health functional food and beverage market segments, market trends and opportunities, and any further data you may need to thrive in the brain health functional food and beverage industry. This brain health functional food and beverage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The brain health functional food and beverage market size has grown rapidly in recent years. It will grow from $18.66 billion in 2023 to $20.70 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The increase observed during the historic period can be linked to heightened awareness of cognitive health, a rise in neurological disorders, a growing emphasis on preventive healthcare, an expanding elderly population, and an increased interest in natural and organic ingredients.
The brain health functional food and beverage market size is expected to see rapid growth in the next few years. It will grow to $31.44 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The projected growth for the forecast period is driven by a stronger consumer focus on mental wellness, the expansion of products targeting specific cognitive functions, a rise in stress and mental fatigue, increased disposable incomes supporting premium products, and better availability of brain-boosting supplements in mainstream retail outlets. Key trends during the forecast period include innovations in ingredients, the development of new nootropic products, emphasis on clean-label and natural ingredients, advancements in delivery methods, and the inclusion of traditional products.
The growing demand for functional foods is projected to drive the expansion of the brain health functional food and beverage market. Functional foods offer health benefits beyond basic nutrition, thanks to bioactive compounds that can help maintain or improve overall health, reduce disease risk, and enhance specific physiological functions. The surge in demand for these foods is fueled by increased consumer awareness about health and wellness, the rising prevalence of chronic diseases, and a greater focus on preventive healthcare. Products targeting brain health are particularly sought after for their potential to enhance cognitive function and mental clarity. For example, the Plant Based Foods Association (PBFA), a US-based nonprofit, reported in March 2022 that U.S. retail sales of plant-based foods grew by 6.2% in 2021, reaching a record market value of $7.4 billion. This trend underscores the growing interest in functional foods, including those aimed at brain health.
Leading companies in the brain health functional food and beverage sector are investing in innovative products such as brain-supporting botanical extracts. These natural compounds derived from plants are designed to enhance cognitive function, improve memory, support mental clarity, and protect against cognitive decline. For instance, in September 2023, Biotropics Malaysia Berhad, a Malaysia-based natural health products company, introduced BioKesum leaf extract. This extract contains clinically validated brain-nourishing flavonoids that boost memory, executive function, and levels of brain-derived neurotrophic factor (BDNF). It offers a unique, natural ingredient with demonstrated cognitive benefits, aligning with the increasing consumer demand for effective brain health supplements.
In May 2023, Koninklijke DSM N.V., a Netherlands-based company specializing in health, nutrition, and materials, merged with Firmenich for an undisclosed amount. This merger resulted in the formation of DSM-Firmenich AG, which focuses on nutrition, health, and beauty by leveraging the strengths of both organizations to innovate and create sustainable products. Firmenich is a Switzerland-based company that offers functional food and beverages.
Major companies operating in the brain health functional food and beverage market are Archer Daniels Midland Company (ADM), PepsiCo Inc., Unilever PLC, Abbott Laboratories, Danone SA, General Mills Inc., Amway Corp., Herbalife Nutrition Ltd., Perrigo Company Plc, Yakult Honsha Co Ltd., Thorne HealthTech, Garden of Life, Jarrow Formulas, Vital Proteins, Solgar Inc., Advanced Orthomolecular Research Inc., Elysium Health, Zhou Nutrition, Mind Lab Pro, BrainMD Health, Cerebelly, Koios Beverage Corp.
North America was the largest region in the brain health functional food and beverage market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brain health functional food and beverage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the brain health functional food and beverage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The brain health functional food and beverage market consists of sales of brain-boosting supplements, nootropic-infused snacks, memory-supporting functional foods, and stress-relief drinks. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Brain Health Functional Food And Beverage Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on brain health functional food and beverage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for brain health functional food and beverage ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The brain health functional food and beverage market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.