Nootropics Brain Supplements Market, By Type of Nootropics (Natural Nootropics, Synthetic Nootropics, Hybrid Nootropics), By Form (Capsules/Tablets, Powders, Liquids), By Ingredient Type (Racetams, Choline Sources, Herbal Extracts, Amino Acids, Others), By Application (Memory Enhancement, Focus and Concentration, Mood Enhancement, Energy and Alertness, Sleep Improvement, Brain Health and Longevity), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Known as nootropics, these substances are supplements or prescription drugs that people believe may improve the way the brain works -- including thinking, memory and motivation. They range from vitamins and minerals, to "natural" chemicals found in plants or in the body, to prescription medications. The class of drugs includes everything from Alzheimer's medicines like donepezil (Aricept) and selegiline (Zelapar) to antidepressants and the Parkinson's disease drug lisuride.
Some nootropics are considered to be cognitive enhancers, and some also have other health benefits. A nootropic that improves cognition is called a cognitive enhancer and usually has the ability to increase alertness, concentration or memory.
Market Dynamics:
Increasing awareness regarding mental health is expected to fuel the demand for brain supplements worldwide. This can be attributed to the growing incidence of various mental health issues such as memory impairment, stress and anxiety among the population. Thus, the global nootropics brain supplements market is likely to show major growth over the forecast period. Moreover, rise in disposable income has enabled individuals to spend more on healthcare products and services.
However, side effects like headache, nausea, etc., are anticipated to hamper the growth of the global nootropics brain supplements market
Key features of the study:
This report provides in-depth analysis of the global nootropics brain supplements market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global nootropics brain supplements market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Onnit Labs, LLC, HVMN Inc., Peak Nootropics, Nootropics Depot, Pure Nootropics, Mind Nutrition Ltd., Natural Stacks LLC, CILTEP, Nuzena, Nootrobox (now HVMN Inc.), TruBrain, Nutrafol, Neurohacker Collective, Neurofuse, and Mind Lab Pro
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global nootropics brain supplements market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global nootropics brain supplements market
Detailed Segmentation:
Global Nootropics Brain Supplements Market, By Type of Nootropics:
Natural Nootropics
Synthetic Nootropics
Hybrid Nootropics
Global Nootropics Brain Supplements Market, By Form:
Capsules/Tablets
Powders
Liquids
Global Nootropics Brain Supplements Market, By Ingredient Type:
Racetams
Choline Sources
Herbal Extracts
Amino Acids
Others
Global Nootropics Brain Supplements Market, By Application:
Memory Enhancement
Focus and Concentration
Mood Enhancement
Energy and Alertness
Sleep Improvement
Brain Health and Longevity
Global Nootropics Brain Supplements Market, By Target Audience:
Students and Academics
Working Professionals
Athletes
Aging Population
Others
Global Nootropics Brain Supplements Market, By Sales Channel:
Online Retailers
Health and Supplement Stores
Drugstores and Pharmacies
Others
Global Nootropics Brain Supplements Market, By Geography:
North America (United States, Canada)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific)
Latin America (Brazil, Mexico, Rest of Latin America)
Middle East and Africa (GCC countries, South Africa, Rest of Middle East & Africa)
Company Profiles
Onnit Labs, LLC
HVMN Inc.
Peak Nootropics
Nootropics Depot
Pure Nootropics
Mind Nutrition Ltd.
Natural Stacks LLC
CILTEP
Nuzena
Nootrobox (now HVMN Inc.)
TruBrain
Nutrafol
Neurohacker Collective
Neurofuse
Mind Lab Pro