PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477310
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477310
The vinpocetine supplements market is estimated to be valued at USD 281.4 Mn in 2024 and is expected to reach USD 373.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 281.4 Mn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 4.10% | 2031 Value Projection: | US$ 373.1 Mn |
Vinpocetine is a synthetic derivative of the alkaloid vincamine, which is extracted from the lesser periwinkle plant. As a supplement, vinpocetine is predominantly marketed for its neuroprotective properties such as enhancing cerebral circulation, oxygen metabolism, and glucose utilization in the brain. It is often used to promote brain health and memory as well as treat conditions like cognitive decline, stroke, and dementia. Recent clinical studies have demonstrated vinpocetine's efficacy in improving cognitive functions such as attention, information processing speed, and working memory. These benefits can be attributed to vinpocetine's mechanism of action which involves blocking sodium and calcium channels, increasing brain levels of adenosine, and acting as an antioxidant within brain cells. With an aging global population and growing prevalence of neurodegenerative diseases, the demand for effective brain health supplements like vinpocetine is expected to rise significantly in the coming years.
The global vinpocetine supplements market is driven by the growing geriatric population globally who are more susceptible to age-related cognitive decline and neurodegenerative conditions. Rising health consciousness and demand for natural remedies to boost brain function is also promoting the market growth. However, lack of strong clinical evidence supporting some of vinpocetine's traditional benefits and safety concerns regarding potential drug interactions pose challenges to market expansion. Major opportunities lie in developing innovative delivery forms, combinations with other brain nutrients, and conducting further research to substantiate health claims.
Detailed Segmentation-