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Global Nootropics Market: By Type: Prescription, OTC; By Distribution Channel; By Application: Mood and Depression, Longevity and Anti-Ageing, Sleep and Recovery, Memory Enhancement, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Nootropics Market Outlook
The global nootropics market attained USD 2 billion in 2020. The global nootropics industry is expected to grow at a CAGR of 14.6% in the forecast period of 2023-2028 to attain USD 5 billion by 2026.
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North America holds a Leading Share of the Global Market of Nootropics
North America has the highest number of nootropics consumers regionally and holds the major market share of nootropics. The U.S. Food and Drug Administration has classified non-prescription nootropics product under the Generally Regarded as Safe (GRAS) category, thereby easing market expansion. Hence, it is the home of the largest market players in the nootropics industry. Consumption of multi-vitamin tablets for improving functional abilities is fairly common among the population of this region. High awareness for cognitive health, the rise of self-directed buyers, and a growing population are some of the factors that drive the market dominance of North America. The Asia Pacific is expected to be the fastest growing market in the forecast period. Countries such as China and India have a great history of cognitive based natural drugs. Foreign investment in collaboration with regional players holds immense potential for the growth of the nootropics industry.
Nootropics: Market Segmentation
Nootropics are drugs or supplements that claim to improve cognitive function, specifically executive functions, memory, creativity, or motivation, in healthy individuals. These have been in the market for several decades, such as caffeine and multivitamins - substances approved by FDA as dietary supplements and classified as GRAS (generally regarded as safe). Currently, these products are being marketed and sold to academic and professional overachievers to augment their brain functions.
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The market is bifurcated by type into:
- Prescription
- OTC
The market is segmented on the basis of distribution channel into:
- Online
- Offline
The market is segregated on the basis of application into:
- Mood and Depression
- Longevity and Anti-Ageing
- Sleep and Recovery
- Memory Enhancement
- Attention and Focus
- Anxiety
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Internet Penetration to Aid the Market Growth of Nootropics
Due to a highly competitive and challenging work environment, the market for brain boosters has witnessed a rise and is expected to grow in the forecast period. The rising demand for improved decision making in the sports industry and growing awareness with respect to mental health are also boosting the rise of the market for nootropics. Due to increasing awareness, rising disposable incomes, and increased demand for productivity, the market is expected to grow rapidly in emerging countries such as China and India. As cognitive enhancers made from natural and herbal substances have already been common in these areas historically, mergers between foreign and local companies are expected to push the market for nootropics in these areas forward. However, on the flip side, various side effects, addiction, lack of awareness, the stigma around visiting psychiatrists and neurologists in developing countries might impede the growth of the nootropics industry.
Key Industry Players in the Global Nootropics Market
The report gives a detailed analysis of the following key players in the global nootropics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Purelife Bioscience Co., Ltd.
- UCB S.A.
- HVMN Inc.
- Gaia Herbs, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Distribution Channel, Application, Region |
| Breakup by Type | Prescription, OTC |
| Breakup by Distribution Channel | Online, Offline |
| Breakup by Application | Mood and Depression, Longevity and Anti-Ageing, Sleep and Recovery, Memory Enhancement, Attention and Focus, Anxiety, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Purelife Bioscience Co., Ltd., UCB S.A., HVMN Inc., Gaia Herbs, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Nootropics Market Analysis
8.1 Key Industry Highlights
8.2 Global Nootropics Historical Market (2018-2022)
8.3 Global Nootropics Market Forecast (2023-2028)
8.4 Global Nootropics Market by Type
8.4.1 Prescription
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 OTC
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Nootropics Market by Distribution Channel
8.5.1 Online
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Offline
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Nootropics Market by Application
8.6.1 Mood and Depression
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Longevity and Anti-Ageing
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Sleep and Recovery
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Memory Enhancement
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Attention and Focus
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Anxiety
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Nootropics Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country Kingdom
9.2.3.1 United
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Purelife Bioscience Co., Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 UCB S.A.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 HVMN Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Gaia Herbs, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Others
13 Industry Events and Development
List of Key Figures and Tables
1. Global Nootropics Market: Key Industry Highlights, 2018 and 2028
2. Global Nootropics Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Nootropics Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Nootropics Historical Market: Breakup by Distributional Channel (USD Billion), 2018-2022
5. Global Nootropics Market Forecast: Breakup by Distributional Channel (USD Billion), 2023-2028
6. Global Nootropics Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Nootropics Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Nootropics Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Nootropics Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Nootropics Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Nootropics Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Nootropics Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Nootropics Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Nootropics Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Nootropics Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Nootropics Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Nootropics Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Nootropics Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Nootropics Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Nootropics Market Structure
Key Questions Answered in the Report
In 2020, the global nootropics market attained a value of nearly USD 2 billion.
The market is projected to grow at a CAGR of 14.6% between 2023 and 2028.
The major drivers of the market include the increasing awareness, rising disposable incomes, increased demand for productivity, rise of self-directed buyers, growing population, and foreign investment.
The rising demand for improved decision-making in the sports industry and growing awareness with respect to mental health are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Prescription and OTC are the types of nootropics in the market.
The market is segmented on the basis of distribution channels into online and offline.
Based on applications, the industry is divided into mood and depression, longevity and anti-ageing, sleep and recovery, memory enhancement, attention and focus, and anxiety, among others.
The major players in the industry are Purelife Bioscience Co., Ltd., UCB S.A., HVMN Inc., and Gaia Herbs, Inc., among others.
Analyst Review
The global nootropics market attained a value of nearly USD 2 billion in 2020, driven by the rising demand for improved decision-making in the sports industry. Aided by rising disposable incomes and growing awareness with respect to mental health, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 14.6%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Prescription and OTC are the types of nootropics in the market. The market is segmented on the basis of distribution channels into online and offline. Based on applications, the industry is divided into mood and depression, longevity and anti-ageing, sleep and recovery, memory enhancement, attention and focus, and anxiety, among others. The major regional markets for the nootropics are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Purelife Bioscience Co., Ltd., UCB S.A., HVMN Inc., and Gaia Herbs, Inc., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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