Cognitive health: Still top of mind for consumers? – WholeFoods Magazine

Between 2015 and 2020, the market for memory and cognitive health-positioned supplements saw a compound annual growth rate of 7% globally, according to insight from Euromonitor International, but with a global pandemic at play, is mental health still top of mind?

While COVID-19 may have shuffled prioritiesbringing significant boosts to some categories and creating a downturn in othersEuromonitor expects growth of products for memory and cognitive health to be sustained at around 5% for 2020, despite the challenges and altered priorities brought about by the global heath crisis that is COVID-19.

While commonplace health conditions like bone, heart, joint or even digestive health show drastically different levels of concern by age group (with consumers aged 60+ overwhelmingly more concerned about these conditions than their children or grandchildren), cognitive health is the rare concern that cuts across cohorts, worrying consumers of all ages, says Matthew Oster Head of Consumer Health at Euromonitor International.

Unlike other health demands, the request for cognitive health has not abated in the time of COVID-19; rather, the market for these products has seen strong growth in 2020 consistent with growth seen prior to the pandemic, he added.

According toEuromonitors 2020 Health and Nutrition Surveyconducted just before COVID-19 hit last yearcognition, sleep, and mental and emotional wellbeing are top of mind for consumers of all generations.

More than half of global consumers surveyed by Euromonitor claimed they are currently suffering from moderate, high, or extreme stress levels.

Innovations within the global vitamins and dietary supplements marketplace are catering to this demand, with nootropic ingredients rising in recognition and popularity, says Oster.

In this space, herbal/traditional ingredients have retained popularity; products like ginkgo biloba are seeing steady interest from consumers across ages. Other traditional remedies, such as ayurvedic herbs like brahmi (or bacopa monnieri), are making inroads into wellness communities as promising ingredients for memory retention and focus for older consumers, he suggested. Other herbal solutions like spearmint and Traditional Chinese Medicine solutions like mushrooms hold promise to increase focus and limit age-related cognitive decline.

Oster says such ingredients are filtering down into the food and beverages marketplace, as cognition and memory-oriented products become mainstream.

Drinks have become an apt format for cognitive health given that many common ingredients in this space have nootropic properties, above all caffeine, he adds. Though not typically thought of as a cognitive health product, caffeine has been shown to boost alertness and improve performance on cognitive tasks, which allowed the ingredient to become a good entry point to nootropics.

In addition to coffee, teas are also becoming central to the development of the category as a natural format for cognitive healthfor example teas blended with l-theanine or ginkgo biloba to boost concentration for short periods.

According to Euromonitor, energy drinks are also shifting positioning away from pure energy boosts toward benefits like focus and concentration as they begin to incorporate a variety of natural nootropics. This positioning shift has allowed energy drinks to market to consumer groups that need sustained focus plus energy, such as students and esports enthusiasts, says Oster.

Finally, packaged foods are starting to get into the space as well, recognizing the connection between focus and snacking, Oster continued, noting that before the pandemic there had been significant promise for on-the-go nootropic-positioned snacks like energy bars.

While the pandemic altered the consumption occasions for these products, interest will likely return in due course, he said. Fortified bars remain a quick and easy format to stimulate energy and focus for consumers needing a short-term boost of mental clarity.

Learn more about cognitive health from Euromonitor at the Naturally Informed virtual event Mental Wellness: Mastering the Market, taking place January 20-21. Register here.

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Cognitive health: Still top of mind for consumers? - WholeFoods Magazine