The current trend of investments is impacted by the introduction of policies in areas of Environment, Social and Governance.
The products of the brain supplement market create a positive impact on the health of the consumers, engaging them in a healthy lifestyle where mental and psychological health are prioritized, thereby promoting, and motivating them to lead such lifestyles through their products. Increase in awareness of and the demand for mental and emotional health care are the key factors that drive the brain supplement market, also shape the initiatives and the policies in the sphere of ESG.
The Covid-19 pandemic has increased the demand for the products in the brain health supplement, since the pandemic had a mental health impact on the human population at social level across the globe, thereby impacting the social aspect of ESG. This is directly linked with an impact on United Nations’ Sustainable Development Goal (UN SDG) 3: Good Health and Wellbeing.
There are numerous consequences of products in the brain supplement market. These products could create an impact on mental health at a community level and adverse impact on the environment in terms of packaging.
Products offered by the brain health supplement industry contain components like B Vitamins, Caffeine, L-Theanine, omega 3s, Vitamin E, Ginkgo Biloba, Gineseng, Circumin, CDP-Choline and other brain booster components, which have been reported to enhance the performance of the brain, creating mental alertness and preventing any damage to the brain, reducing the risks of diseases such as depression, and anxiety, contributing to the mental health at social scale. In line with the UN SDG 3, these can promote a significant positive impact on Health and Wellbeing at a community level.
One of the key players in the market has recently developed a product with an advanced formula designed to support and enhance brain functions, preventing Parkinson's and other similar diseases.
The packaging of the products and the resulting waste from these packaging lies as a challenge in the environmental part of ESG for the brain health supplement industry. Packaging materials used for these products are materials like plastic, which are used for preserving and increasing the shelf life of products. These are made up of Polyethylene and polystyrene, which are essentially plastics used for preventing the oxygen from entering the package. The waste disposal of the packaging remains a challenge as the biodegradable nature of such substances remains doubtful. Hence, companies in this industry create a negative impact on the planet in terms of ESG in terms of packaging waste. UNSDG 12: Responsible production and consumption holds companies in the brain supplement market accountable for the packaging waste. Hence, leading companies are pressed to come up with a solution for this negative impact.
The value chain, which includes the transportation of the products and the storage, are carbon intensive, leading to an increase of carbon footprint on the environment.
Although the brain health supplement industry products contribute to social health, conversely there are certain reports that have indicated possible side effects from the intake of brain supplements. Side effects such as insomnia, increased heart rate, anxiety, addiction, blurred vision, and increased circulation have been reported by the adults who consume the Brain supplements as a nutritional supplement. This creates a negative impact for companies operating in this sector, in terms of the social part of the ESG.
As of 2021, the brain health supplement market at a global scale was evaluated at USD 7.68 billion and is forecasted to expand with a CAGR (Compound annual growth rate) of 8.3% from 2022 to 2030. The impact of pandemic on the mental and emotional health as well as the increase in the prevalence of the diseases such as Alzheimeor’s and Dementia are some of the driving factors of the market.
• Teva Pharmaceutical Industries Ltd.
• HVMN Inc.
• Purelife Bioscience Co., Ltd.
• Peak Nootropics
• Macro-economic and ESG-variable analysis of the industry, including regulatory, policy, and innovation landscape
• Key insights on infrastructure developments and ESG issues affecting the theme
• Identify key initiatives and challenges within the industry
• Identify ESG leaders within the industry
• Understand key initiatives and the impact of companies within the sector to fuel an informed decision-making process
• Analysis of industry activities based on multi-media sources, including significant controversies and market sentiment
• Offers a global perspective of the brain health supplement industry and the policies and measures taken by the players, for overcoming the challenges faced in terms of Environment, Social and Governance.
• Key insights into the sustainability practices of major players in the market.
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