Global Brain Health Functional Food and Beverage Market

Brain Health Functional Food and Beverage Market Size, Share, Growth Analysis, By Ingredient(Anthocyanins, Choline), By Product(Bakery Products, Dairy Products), By Distribution Channel(Supermarkets/Hypermarkets, Convenience Stores) - Industry Forecast 2024-2031

Report ID: SQMIG30H2098 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 101 | Figures: 76

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Brain Health Functional Food and Beverage Market size was valued at USD 18.10 billion in 2022 and is expected to rise from USD 20 billion in 2023 to reach a value of USD 44.46 Billion by 2031, at a CAGR of 10.5% over the forecast period (2024–2031).

A small number of well-established players and recent entrants define the industry. The presence of notable players and the entry of new players is further projected to intensify the overall market competition in the forecast period. The industry's developing trend is becoming more and more important to many major companies. To maintain market share, competitors are diversifying their service offers. 'Nestle', 'PepsiCo', 'Coca-Cola', 'GlaxoSmithKline', 'Archer Daniels Midland Company', 'Kellogg Company', 'General Mills Inc.', 'Mondelez International', 'Danone', 'Herbalife Nutrition', 'Kerry Group', 'Amway', 'BASF SE', 'Cargill', 'Ajinomoto Co., Inc.', 'FrieslandCampina', 'Yakult Honsha Co., Ltd.', 'Unilever', 'PepsiCo Inc.', 'The Hershey Company'

With the growing aging population and rising incidence of neurological disorders such as Alzheimer's and Parkinson's disease, there is a growing awareness of the importance of maintaining brain health. This has led to an increased demand for functional food and beverages that claim to improve cognitive function.

Increasing demand for plant-based ingredients: There is a growing trend towards plant-based diets, which has led to an increased demand for functional food and beverage products that contain plant-based ingredients. Plant-based ingredients such as omega-3 fatty acids, flavonoids, and polyphenols have been shown to have brain-boosting properties, and manufacturers are incorporating these ingredients into their products to appeal to health-conscious consumers.

In 2022, North America dominated the industry globally, accounting for the highest revenue share of more than 34.00%. Due to poor dietary practices, sedentary lifestyles, and hectic schedules, the enormous population of North America has been suffering an increase in brain health and lifestyle-related disorders. This has led to a greater understanding of the advantages of routinely including functional foods and beverages in the diet to enhance general health and receive necessary nutrients, which has fueled the industry's expansion in the area.

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