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.
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.
Insights are provided for each region and major countries within the regions
|
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 |
|
Available Customization |
In addition to the market data for Nootropicss Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Nootropics Market is segmented into form, distribution channel and region.
.png)
.png)
.png)
.png)
.png)
.png)