Nootropics Market - Trends Forecast Till 2028

Nootropics Market by Form (Capsules/Tablets, Powder, Drinks), By Distribution Channel (Offline, Online), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2022

Base Year Estimate: 2021

Report ID: D-CG-NM-1090

Format:  

Number of Pages: 362

Domain: Consumer Goods & Services

Nootropics Market – Trends Forecast Till 2028

The Nootropics market size is projected to reach a CAGR of 15.2% from 2022 to 2028.

Nootropic is a type of drug which is believed to have a stimulatory action over brain and is thus used as a brain booster. These are also known as cognition enhancers or memory enhancing substances. Some of them are creatine, caffeine and ginko biloba.

Growing demand for smart drug and brain booster along with the recent developments in the sector are some of the factors that have supported long-term expansion for Nootropics Market.

Nootropics Market Research Report
COVID-19 had a positive effect on the market, as the demand had significantly increased during the pandemic along with the increased awareness in people about their health has led to the expansion of the market.

North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the surged demand along with the online distribution in play.

Nootropics Market is segmented into form, distribution channel and region.

On the basis of Form

  • Capsules/Tablets
  • Powder
  • Drinks
  • Others                                                           

On the basis of Distribution Channel

  • Offline
  • Online

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Nootropics Market Primary Respondent

 

Key Player

  • Onnit Labs
  • Reckitt Benckiser Group plc.
  • Mental Mojo, LLC
  • NooCube
  • Mind Lab Pro
  • TruBrain
  • Neu Drinks
  • Peak Nootropics
  • Zhou Nutrition
  • Kimera Koffee

Recent Developments

  • In October 2021, Savvy brevrages is all set to come up with coffee and soft drinks incorporated with nootropic ingredients.
  • In February 2021, Mind Cure Health Inc. Announced that it would soon launch its original nootropic products in the market.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Nootropicss Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 15.2% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

Form, distribution channel and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Onnit Labs, Reckitt Benckiser Group plc., Mental Mojo, LLC, NooCube, Mind Lab Pro, TruBrain, Neu Drinks, Peak Nootropics, Zhou Nutrition, Kimera Koffee

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