by Vinpocetine supplements are synthetic alkaloids extracted from the lesser periwinkle plant. These supplements help improve cognitive functions and boost blood circulation in the brain. The benefits of vinpocetine in enhancing memory, learning ability, and reducing age-related cognitive decline has garnered significant popularity among the elderly population. Vinpocetine supplements offer neuroprotection and prevent neuronal damage from strokes and vascular dementia. The growing health-consciousness and rising geriatric population prone to neurodegenerative diseases is fueling the demand for cognitive-enhancing supplements like vinpocetine.
Global Vinpocetine Supplements Market is estimated to be valued at US$ 281.4 Mn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the vinpocetine supplements are Noreva Biotech, Alchem International Pvt. Ltd., Covex S.A., iHerb, LLC., Kabir Lifesciences, Indiana Botanic Gardens, Inc., Dellwich Healthcare LLP, Healthquest Vitamins, SALVAVIDAS PHARMACEUTICAL PVT. LTD., Taj Pharmaceuticals Limited., Hangzhou Longshine Bio-Tech Co., Ltd., Merck KGaA, and Procurenet Limited.
Key opportunities in the market include strategic collaborations with e-commerce platforms to increase accessibility and launch of innovative supplement blends pairing vinpocetine with other cognitive enhancing ingredients.
The Vinpocetine Supplements Market Size is witnessing strong growth in North America and Europe owing to growing health awareness. Market players are focusing on Asia Pacific region, especially China and India, considering increasing geriatric population and economic growth in these markets.
Market drivers
The primary driver fueling the vinpocetine supplements market growth is the rising elderly population suffering from age-related cognitive decline globally. As per estimates, over 50 million people suffer from dementia worldwide. Vinpocetine supplements are increasingly adopted as neuroprotective supplements that play a preventive role against dementia and Alzheimer’s disease. Additionally, increasing lifestyle diseases like hypertension and diabetes leading to strokes have augmented the demand for vinpocetine supplements to maintain cognitive functions.
PEST Analysis
Political: The regulations regarding the manufacturing, import, and marketing of dietary supplements are constantly evolving which impacts the operating environment of players in this market. The regulators are focusing on ensuring product safety and quality.
Economic: Rising disposable incomes and growing health consciousness among consumers is driving the demand for quality dietary supplements. However, macroeconomic factors like inflation and currency fluctuations impact overall spending on these products.
Social: With changing lifestyles and busy schedules, consumers are increasingly relying on supplements to fulfill their nutritional requirements. Moreover, rising awareness about brain health and cognitive decline is propelling the interest in nootropic supplements like vinpocetine.
Technological: Advancements in extraction techniques help manufacturers improve the purity, potency, and bioavailability of plant-derived vinpocetine. Companies are also utilizing digital platforms to promote their products and reach new customer segments.
Geographical regions where market in terms of value is concentrated:
The vinpocetine supplement market is concentrated in North America and Europe. The high nutritional supplement consumption in countries like the United States and Germany coupled with the strong presence of reputed manufacturers has made North America and Europe command over 60% of the global market value.
The fastest growing region for vinpocetine supplement market:
Asia Pacific region is poised to be the fastest growing market for vinpocetine supplements during the forecast period. Factors such as the rising middle-class population with increased disposable incomes, growing health awareness, and mushrooming of domestic nutraceutical companies in countries like China, India, and Japan will primarily drive the market growth in Asia Pacific. Additionally, vinpocetine is derived from a plant that is indigenous to Southeast Asia which enhances its acceptance in the regional markets.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
