Technavio has been monitoring the global brain health supplements market and it is poised to grow by USD 1.63 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amway Corp., Abbott Laboratories, Archer Daniels Midland Co., Arkopharma Laboratories, BASF SE, Bayer AG, Glanbia Plc, GNC Holdings Inc., Hi-Tech Pharmaceuticals Inc., and Koninklijke DSM NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Growing urban population has been instrumental in driving the growth of the market. However, the low penetration in developing regions might hamper market growth.
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Brain Health Supplements Market 2020-2024: Segmentation
Brain Health Supplements Market is segmented as below:
Brain Health Supplements Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The brain health supplements market report covers the following areas:
This study identifies the growing demand in online retail as one of the prime reasons driving the Brain Health Supplements Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Brain Health Supplements Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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