Nootropics Market by Application (Memory Enhancement, Mood & Depression, Attention & Focus, Longevity & Anti-aging, Sleep & Recovery and Anxiety), By Distribution Channel (Offline and Online) and By Region – Global Opportunities & Forecast, 2020-2027
Published Date: June-2020 | Report Format: Excel/PPT | Report Code: UP807A-00-0620
Nootropics are drugs and natural extracts to improve cognitive functions such as creativity, memory and motivate individuals. It is also known as cognitive enhancers, smart drugs, memory enhancers, intelligent enhancers and neuron enhancers that provide one or more aspects of mental function. Nootropics drugs help to promote, protect and enhance cognitive functions to provide better and ling last lasting mental health to individuals. In addition, nootropics further provide attention, executive functions, perception, language and psychomotor functions.
To have an edge over the competition by knowing the market dynamics and current trends of “Nootropics Market”, request for Sample Report here
The factors propelling the growth of the global nootropics market include the growing consumption of smart drugs, increasing consumer expenditure on health and wellness products and rising awareness regarding the benefits of nootropics among consumers across the globe. Moreover, increasing demand for brain booster and easy accessibility of the product will boost the global nootropics market. In addition, consumer preference shifted towards natural nootropics such as matcha tea, caffeine, spinach, peanuts, eggs, turmeric, ginseng, pine bark, and fish oil that will drive the global nootropics market. An increasing trend of cognitive enhancement among people for professional advantage, academic success, personal improvement, athletic performance and to sustain brain activities during old age will enhance the market growth in upcoming years. Furthermore, the rising trend of supplements and increasing adoption of nootropics that can improve the efficiency of brain functions and also protect from chemical injuries are paving the way for the global nootropics market. However, lack of proper treatment and side effects related to the nootropics such as headache, fatigue and insomnia may hamper the growth of the global nootropics market.
Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report
Based on the application, Memory enhancement application held the largest market share in the global nootropics market in 2018 due to the growing competition in academics along with the increasing preference for smart drugs among students. In addition, memory enhancement supplements are also gaining importance among the young population suffering from mild Alzheimer’s disease will boost the market growth of the global nootropics market. Memory enhancement includes various popular drugs including Modafinil, Noopept, Adrafinil, Phenylalanine and Phosphatidylserine will boost the segment growth in the global nootropics market. Attention & Focus application expected to grow at the fastest rate in the global nootropics over the forecast period due to the increasing the working population and rising participation in gaming & esports across the globe.
Based on the distribution channel, Offline distribution channel predicted to capture the highest market share in 2018 in the global nootropics market owing to the increasing consumer preference to buy nootropics through various drug stores. Online distribution channels projected to grow at the fastest rate over the forecast period due to offering of nootropics by different online distribution channels such as amazon and growing preference among students for hassle-free shopping experience across the globe.
In case, any of your paint points areas are not covered in the current scope of this report, Request for Customization here
Based on the region, North America region captured the significant market share in the global nootropics market in 2018 owing to the increasing consciousness regarding the preventive and cognitive health among consumers. Moreover, the presence of a large number of players, a proliferation of distribution channels and the rising number of self-directed consumers are factors supporting the market growth of the nootropics in this region. Asia-Pacific region predicted to witness the highest market growth for the nootropics in upcoming years owing to the rapid growth of the education sector coupled with the growing awareness related to brain health in emerging countries such as China, India and Bangladesh in this region.
Various notable players operating in the market, include, Cephalon, Inc., Accelerated Intelligence, Inc., Purelife Bioscience Co., Ltd., AlternaScript LLC., Teva Pharmaceutical Industries, Onnit Labs, Inc., HVMN Inc., Gaia Herbs, LLC, United Pharmacies, Powder City LLC, SupNootropic Biological Technology Co., Ltd., among others. Key players are focusing on natural ingredients of nootropics to cater to the growing demand for the nootropics across the globe.
Key Developments:
-
- In 2019, Gaia Herbs, LLC launched vegan nootropic supplements to support the brain health of consumers. This new product line will be distributed through natural and independently owned health food stores across the globe.
- In 2018, HVMN Inc. launched HVMN Ketone to improves the physical and cognitive and performance of consumers. It further ensures the strong performance of professional sportspersons.
The global nootropics market has been segmented on the basis of application, distribution channel and key regions. Based on application, the market is segmented into memory enhancement, mood & depression, attention & focus, longevity & anti-aging, sleep & recovery and anxiety. Based on distribution channel, the market is segmented into offline and online.
For detailed scope of the “Nootropics Market” report request a Sample Copy of the report
Key questions answered in this research report:
-
- At what pace is global nootropics market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in nootropics market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global nootropics market?
- What are the various application areas of global nootropics market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Value (USD Million) |
Market Segment | By Application, By Distribution Channel, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Cephalon, Inc., Accelerated Intelligence, Inc., Purelife Bioscience Co., Ltd., AlternaScript LLC., Teva Pharmaceutical Industries, Onnit Labs, Inc., HVMN Inc., Gaia Herbs, LLC, United Pharmacies, Powder City LLC, SupNootropic Biological Technology Co., Ltd., among others; a total of 11 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation:
Global Nootropics Market by Application
-
- Memory Enhancement
- Mood & Depression
- Attention & Focus
- Longevity & Anti-aging
- Sleep & Recovery
- Anxiety
Global Nootropics Market by Distribution Channel
-
- Offline
- Online
Global Nootropics Market by Region
-
- North America Nootropics Market
Option 1: As a part of the free 25% customization- By Application
- By Distribution Channel
- US All-Up Nootropics Market
- Canada All-Up Nootropics Market
- Europe Nootropics Market
Option 2: As a part of the free 25% customization- By Application
- By Distribution Channel
- UK All-Up Nootropics Market
- Germany All-Up Nootropics Market
- Spain All-Up Nootropics Market
- Rest of Europe All-Up Nootropics Market
- Asia-Pacific Nootropics Market
Option 3: As a part of the free 25% customization- By Application
- By Distribution Channel
- China All-Up Nootropics Market
- Australia All-Up Nootropics Market
- India All-Up Nootropics Market
- Rest of APAC All-Up Nootropics Market
- ROW Nootropics Market
Option 4: As a part of the free 25% customization- By Application
- By Distribution Channel
- Brazil All-Up Nootropics Market
- South Africa All-Up Nootropics Market
- GCC countries All-Up Nootropics Market
- Rest of world (remaining countries of the LAMEA region) All-Up Nootropics Market
- North America Nootropics Market
Leading market players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- Accelerated Intelligence Inc.
- HVMN Inc.
- Cephalon, Inc.
- Purelife Bioscience Co., Ltd.
- AlternaScript LLC
- Teva Pharmaceutical Industries
- Onnit Labs, Inc.
- Gaia Herbs, LLC
- United Pharmacies
- Powder City LLC
- SupNootropic Biological Technology Co., Ltd
Licensing Options
Single-User License:
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Nootropics Market by Application (Memory Enhancement, Mood & Depression, Attention & Focus, Longevity & Anti-aging, Sleep & Recovery and Anxiety), By Distribution Channel (Offline and Online) and By Region – Global Opportunities & Forecast, 2020-2027
$ 3,499.00 – $ 5,649.00