Top 4 Companies Capitalising on the Rising Focus on Mental Health and Dominating the Global Nootropics Market

Purelife Bioscience Co., Ltd., UCB S.A., HVMN Inc., Gaia Herbs, Inc., among others, are the major players in the global nootropics market.

The global nootropics market is expected to grow at a CAGR of 14.6% in the forecast period of 2024-2032. As per the analysis of Expert Market Research, the market is expected to be driven by the growing focus on mental health.

The growing demand for supplements that can improve cognitive functions, memory, and creativity among the young population owing to the increasing competitiveness and stressfulness is propelling the market for nootropics. With the rising requirement for improved decision-making in the sports industry, the demand for nootropics is surging.

The increasing research activities exploring the positive impact of nootropics on mental health are likely to aid the market. With the growing prevalence of depression, anxiety disorders, cognitive impairment, and other mental health issues, the demand for nootropics as supplements to boost emotional health is anticipated to rise. As awareness regarding optimal mental health and the acceptance of various mental health issues across the globe is increasing, the market for nootropics is poised to witness healthy growth in the forecast period.

In July 2022, BioAdaptives Inc. introduced MindnMemory, its advanced nootropic that is designed to enhance concentration, mental focus, memory, and creativity. The product is stimulant-free and is based on Ayurvedic and traditional Chinese medicine culture and offers prolonged effects as well as a smooth onset. With the growing demand for products that boost optimal performance, the company’s launch aims to benefit people seeking enhanced decision-making ability, accuracy, mood elevation, perception, and reaction speed.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Top 4 Nootropics Companies in the World:

Purelife Bioscience Co., Ltd.

Purelife Bioscience Company Limited manufactures and supplies raw materials for nutrition supplements like garlic extract, alpha-GPC, and nootropics, among others. It also engages in the export and distribution of herbal extracts, amino acids, and pharmaceutical raw materials. The company collaborates with various Chinese universities such as Shanghai Institute of Materia Medica and Zhejiang University, among others, to advance its nutrition products offerings.

UCB S.A.

UCB S.A. is a global biopharmaceutical company that focuses on neurology and immunology. The company leverages technologies and scientific advances to improve the quality of life of patients suffering from severe issues. With nearly 8600 employees, the company has a wide presence in 40 countries around the world. In 2021, its revenue reached EUR 5.8 billion.

HVMN Inc.

Health Via Modern Nutrition is a nutrition company that aims to support ketosis directly or indirectly. It aims to utilise a system engineering approach to advance health, performance, and longevity. The company partners with various leading organisations and researchers to develop new products and solutions. In 2021, the company announced the public launch of H.V.M.N. Ketone 2.0, its latest drinkable ketone solution, in January 2022.

Gaia Herbs, Inc.

Gaia Herbs is a herbal products company, based in the United States. The company produces three million plants every year while representing 20-40 herb species. Its herbs are grown at its Certified Organic farm in North Carolina to ensure the transparency of its products. Moreover, it sources about 150 ingredients from farmers across the world.
 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.