About Memory Supplements
Memory supplements help to promote brain function, relieve stress naturally, improve concentration, calm the nervous system. It is considered a cooling agent and exerts Anxiolytic and Antidepressant properties.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Memory Supplements Market is expected to grow with rising demand for online food delivery. It is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Teva Pharmaceutical Industries Ltd. (Israel), Purelife Bioscience Co., Ltd. (China), Liquid Health, Inc. (United States), Reckitt Benckiser Group plc. (United Kingdom), Quincy Bioscience, LLC. (United States), Natural Factors Nutritional Products Ltd. (United States), HVMN Inc. (United States) and Accelerated Intelligence Inc. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Onnit Labs, LLC. (United States), Peak Nootropics (Canada) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Memory Supplements market by Type (Chewable Tablets, Capsules, Syrup and Others), Application (Personal, Clinical and Others) and Region.
On the basis of geography, the market of Memory Supplements has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Age-Group, the sub-segment i.e. 5-15 will boost the Memory Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Supplements, the sub-segment i.e. Omega-3 fatty Acid will boost the Memory Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Issues Related to Memory Power and Growing Consumers Awareness Regarding Brain Health
Market Growth Drivers:
Increasing Usage of Memory Supplements Enhanced Memory and Sharper Attention and Focus. and Changing Lifestyle and Easy Availability of Memory Supplements
Challenges:
Lack of Regulations on Productions and Consumption of Memory Supplements
Restraints:
Consumer Preference towards Natural Memory Boosters
Opportunities:
Rising Consumption of Memory Supplements can create Opportunities for the Market Growth
Market Leaders and their expansionary development strategies
In April 2021, Unilever announced that it has signed an agreement to acquire Onnit, a holistic wellness and lifestyle company, based in Austin, Texas (US).
In April 2023, Souvenaid, the first and only memory supplement specifically designed to support memory function through a specialized blend of nutrients that help strengthen synapses, was introduced to the U.S. market by Nutricia. During normal aging, memory decline is linked to changes in the brain and the functioning of synapses the brain connections that make it possible to create and recall memories.
Key Target Audience
Memory Supplements Manufacturers, Memory Supplements Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.