Global Cognition Supplements Market Value to Increase Over $4 Billion Amid Pandemic | Expanding Geriatric Population to Present Immense Opportunities | Technavio

Technavio has announced its latest market research report titled Global Cognition Supplements Market 2020-2024 (Graphic: Business Wire)

LONDON--()--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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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

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Cognition Supplements Market will grow by USD 4.09 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/