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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Nootropics Market By Application, By Distribution Channel, and Region Forecast 2019-2030
Nootropics Market By Application, By Distribution Channel, and Region Forecast 2019-2030
Nootropics Market size was valued at US$ 2.1 billion in 2023 and is growing at a CAGR of 12.5% from 2024-2030. The growing prevalence of depression and mental exhaustion among youth has projected global nootropic products market growth. As well as rising depression populations and growing mental stress-related issues are expected to drive the market over the forecast period as demand increases. However, high product prices, a strict regulatory framework and low product awareness could impede market growth over the forecast period.
Global nootropic market provides a detailed outlook on nootropics across the globe with special emphasize on key regions such as North America, Europe, Asia Pacific, Central and South America and Middle East and Africa. The report on global nootropic market gives historical, current and future market size (US$ Mn) on the basis of application, distribution channel, and geography. This study analyses the global nootropic market dynamics in a detailed manner to identify current trends and drivers, growth opportunities and potential challenges to the key stakeholders in the operating market. In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across region and consumer unmet needs. Key stakeholders of the global assisted reproductive technology include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global assisted reproductive technology market.
Study Period
2024-2030Base Year
2023CAGR
12.5%Largest Market
North AmericaFastest Growing Market
Asia Pacifi
The global demand for the Nootropics Industry is driven primarily by increased understanding of the health benefits of the nootropic and increased consumer expenditure on healthcare and wellness products. Over the forecast era, the increasing trend of cognitive enhancement among healthy people is expected to increase product demand for academic achievement, professional advantage, athletic performance, personal growth, and to sustain brain activities during old age. In addition, the products ease of use and cost-effectiveness is expected to improve product sales. In addition, these drugs are used to treat a variety of cognitive and age-related conditions, such as Alzheimers disease, anxiety, and Parkinsons illness.
North America held the leading market share in sales of about 37% in 2018. About half the U.S. adult population consumes vitamin supplements. The U.S. Food and Drug Administration has listed the substance as GRAS. By using creative packaging and goods the manufacturers target technical overachievers. From 2019 to 2025, Asia Pacific is projected to experience the highest CAGR of over 18 per cent. China dominates the region with a large share of income. Australia also has a substantial nootropics industry.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 2.1 billion |
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Market CAGR |
12.5% |
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By Application |
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By Distribution channel |
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By Region |
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The global nootropics market size was valued at US$ 2.1 billion in 2023 and is projected to grow at a CAGR of 12.5% from 2024 to 2030.
The market key players are: Accelerated Intelligence Inc. Nootrobox Inc. AlternaScript LLC Onnit Labs LLC Cephalon Inc. Clarity Nootropics United Pharmacies Powder City LLC Purelife Bioscience Co. Peak Nootropics
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1.Executive Summary |
| 2.Global Nootropics Market Introduction |
| 2.1.Global Nootropics Market - Taxonomy |
| 2.2.Global Nootropics Market - Definitions |
| 2.2.1.Application |
| 2.2.2.Distribution channel |
| 2.2.3.Region |
| 3.Global Nootropics Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Nootropics Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Nootropics Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Memory Enhancement |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Mood & Depression |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Attention & Focus |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Longevity & Anti-aging |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Sleep & Recovery |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Anxiety |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global Nootropics Market By Distribution channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Offline |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Online |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Nootropics Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Nootropics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Memory Enhancement |
| 8.1.2.Mood & Depression |
| 8.1.3.Attention & Focus |
| 8.1.4.Longevity & Anti-aging |
| 8.1.5.Sleep & Recovery |
| 8.1.6.Anxiety |
| 8.2. Distribution channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Offline |
| 8.2.2.Online |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Nootropics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Memory Enhancement |
| 9.1.2.Mood & Depression |
| 9.1.3.Attention & Focus |
| 9.1.4.Longevity & Anti-aging |
| 9.1.5.Sleep & Recovery |
| 9.1.6.Anxiety |
| 9.2. Distribution channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Offline |
| 9.2.2.Online |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Nootropics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Memory Enhancement |
| 10.1.2.Mood & Depression |
| 10.1.3.Attention & Focus |
| 10.1.4.Longevity & Anti-aging |
| 10.1.5.Sleep & Recovery |
| 10.1.6.Anxiety |
| 10.2. Distribution channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Offline |
| 10.2.2.Online |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Nootropics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Memory Enhancement |
| 11.1.2.Mood & Depression |
| 11.1.3.Attention & Focus |
| 11.1.4.Longevity & Anti-aging |
| 11.1.5.Sleep & Recovery |
| 11.1.6.Anxiety |
| 11.2. Distribution channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Offline |
| 11.2.2.Online |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Nootropics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Memory Enhancement |
| 12.1.2.Mood & Depression |
| 12.1.3.Attention & Focus |
| 12.1.4.Longevity & Anti-aging |
| 12.1.5.Sleep & Recovery |
| 12.1.6.Anxiety |
| 12.2. Distribution channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Offline |
| 12.2.2.Online |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Accelerated Intelligence Inc. |
| 13.2.2.Nootrobox Inc. |
| 13.2.3.AlternaScript LLC |
| 13.2.4.Onnit Labs LLC |
| 13.2.5.Cephalon Inc. |
| 13.2.6.Clarity Nootropics |
| 13.2.7.United Pharmacies |
| 13.2.8.Powder City LLC |
| 13.2.9.Purelife Bioscience Co. |
| 13.2.10.Peak Nootropics |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.