Nootropics are substances that claim to boost cognitive function and brain performance. They are sometimes referred to as "smart drugs," memory-enhancing substances, or cognitive enhancers. They may include certain types of prescription medications as well as nonprescription substances. Nootropics purport to improve mental functioning, including thinking, memory, mood, attention, creativity, and motivation.
The market for nootropic supplements is quickly expanding, and one of the primary drivers of this expansion is greater research and development. There has been an increasing corpus of study on the benefits of nootropics in recent years, and this research is leading to the development of new and improved products. This study is also helping to raise consumer awareness of nootropics, which is boosting industry expansion.
The creation of novel chemicals that can increase cognitive function is one of the most promising areas of nootropics research. Researchers, for example, have been looking into the effects of substances like piracetam and aniracetam, which have been shown to boost memory and learning. Other researchers are looking at the use of nootropics to treat cognitive illnesses including Alzheimer's and dementia.
In addition to new substance research, there is a rising emphasis on the creation of more effective nootropic administration techniques. For example, researchers are working on new ways to deliver nootropics to the brain, such as nasal sprays or transdermal patches. These administration strategies may boost nootropic bioavailability, potentially leading to greater results.
The market is benefiting from increased research and development in the realm of nootropics. As more research is undertaken, new and improved goods are developed, fueling market expansion. Additionally, growing consumer knowledge of nootropics is helping to drive market expansion. As research in this field develops, it is expected that the market for nootropic pills will expand in the coming years.
The commercial expansion of nootropics supplements is hampered by a widespread lack of understanding about these cognitive-enhancing goods. Despite their ability to improve focus, memory, and overall brain function, a sizable majority of the population is unaware of their existence and advantages. This lack of understanding is due to insufficient mainstream media coverage, insufficient educational programs, and misconceptions about their safety and efficacy. As a result, prospective customers are frequently hesitant to investigate or adopt nootropics into their everyday routines. To promote market expansion, there is an urgent need for thorough and easily accessible information dissemination that emphasizes both scientific benefits and appropriate usage standards. Overcoming the current lack of awareness is essential to unlocking the full potential of the nootropics supplement market and providing individuals with the tools to optimize their cognitive performance effectively.
The growing demand for cognitive enhancers, notably nootropic pills, is expected to catalyze significant market growth. As modern lifestyles become more fast-paced and competitive, people are looking for practical ways to improve their cognitive ability, memory recall, and overall mental acuity. Nootropic pills, known for their ability to improve cognitive functioning, are gaining popularity and acceptance. The need to maximize productivity, increase attention, and manage cognitive loss linked with ageing is driving this surge in interest. Consumers are enticed to the promise of improved mental performance, resulting in an increase in demand for brain-boosting products. As research advances and more people recognize the potential benefits, the market for nootropic pills is expected to rise rapidly, fulfilling the modern age's growing need for cognitive enhancement.
The nootropics supplement market is segmented based on type, product type, distribution channel, and region. Based on type the market is further categorized into capsules/tablets, powder, and liquid. Based on product type, the market is classified into synthetic nootropics, herbal nootropics, and amino acid nootropics. Based on distribution channel the market is classified into hospital pharmacies, online sales channels and others. Based on region the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players included in the nootropics supplements market analysis are Powder City, Lincoln Cannon LLC, Nootropics Depot, Mental Mojo, LLC, Natural Stacks, Peak Nootropics, Gaia Herbs, Inc., Kimera Koffee, Purelife Bioscience Co., Ltd. and Onnit Labs, Inc.
The market for nootropic supplements is quickly expanding, and one of the primary drivers of this expansion is greater research and development. There has been an increasing corpus of study on the benefits of nootropics in recent years, and this research is leading to the development of new and improved products. This study is also helping to raise consumer awareness of nootropics, which is boosting industry expansion.
The creation of novel chemicals that can increase cognitive function is one of the most promising areas of nootropics research. Researchers, for example, have been looking into the effects of substances like piracetam and aniracetam, which have been shown to boost memory and learning. Other researchers are looking at the use of nootropics to treat cognitive illnesses including Alzheimer's and dementia.
In addition to new substance research, there is a rising emphasis on the creation of more effective nootropic administration techniques. For example, researchers are working on new ways to deliver nootropics to the brain, such as nasal sprays or transdermal patches. These administration strategies may boost nootropic bioavailability, potentially leading to greater results.
The market is benefiting from increased research and development in the realm of nootropics. As more research is undertaken, new and improved goods are developed, fueling market expansion. Additionally, growing consumer knowledge of nootropics is helping to drive market expansion. As research in this field develops, it is expected that the market for nootropic pills will expand in the coming years.
The commercial expansion of nootropics supplements is hampered by a widespread lack of understanding about these cognitive-enhancing goods. Despite their ability to improve focus, memory, and overall brain function, a sizable majority of the population is unaware of their existence and advantages. This lack of understanding is due to insufficient mainstream media coverage, insufficient educational programs, and misconceptions about their safety and efficacy. As a result, prospective customers are frequently hesitant to investigate or adopt nootropics into their everyday routines. To promote market expansion, there is an urgent need for thorough and easily accessible information dissemination that emphasizes both scientific benefits and appropriate usage standards. Overcoming the current lack of awareness is essential to unlocking the full potential of the nootropics supplement market and providing individuals with the tools to optimize their cognitive performance effectively.
The growing demand for cognitive enhancers, notably nootropic pills, is expected to catalyze significant market growth. As modern lifestyles become more fast-paced and competitive, people are looking for practical ways to improve their cognitive ability, memory recall, and overall mental acuity. Nootropic pills, known for their ability to improve cognitive functioning, are gaining popularity and acceptance. The need to maximize productivity, increase attention, and manage cognitive loss linked with ageing is driving this surge in interest. Consumers are enticed to the promise of improved mental performance, resulting in an increase in demand for brain-boosting products. As research advances and more people recognize the potential benefits, the market for nootropic pills is expected to rise rapidly, fulfilling the modern age's growing need for cognitive enhancement.
The nootropics supplement market is segmented based on type, product type, distribution channel, and region. Based on type the market is further categorized into capsules/tablets, powder, and liquid. Based on product type, the market is classified into synthetic nootropics, herbal nootropics, and amino acid nootropics. Based on distribution channel the market is classified into hospital pharmacies, online sales channels and others. Based on region the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players included in the nootropics supplements market analysis are Powder City, Lincoln Cannon LLC, Nootropics Depot, Mental Mojo, LLC, Natural Stacks, Peak Nootropics, Gaia Herbs, Inc., Kimera Koffee, Purelife Bioscience Co., Ltd. and Onnit Labs, Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nootropics supplement market analysis from 2022 to 2032 to identify the prevailing nootropics supplement market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the nootropics supplement market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global nootropics supplement market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Capsules and Tablets
- Powder
- Liquid
By Product Type
- Synthetic nootropics
- Herbal nootropics
- Amino acid nootropics
By Distribution Channel
- Hypermarket/Supermarket
- Specialty stores
- Pharmacy
- Online channels
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Italy
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
- Key Market Players
- Lincoln Cannon LLC
- Natural Stacks
- Peak Nootropics
- Kimera Koffee
- Onnit Labs, Inc.
- Powder City
- Purelife Bioscience Co., Ltd.
- Nootropics Depot
- Gaia Herbs, Inc.
- Mental Mojo, LLC
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NOOTROPICS SUPPLEMENT MARKET, BY TYPE
CHAPTER 5: NOOTROPICS SUPPLEMENT MARKET, BY PRODUCT TYPE
CHAPTER 6: NOOTROPICS SUPPLEMENT MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: NOOTROPICS SUPPLEMENT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the nootropics supplement market was valued at $2.5 billion in 2022, and is estimated to reach $4.4 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032.Nootropics, also known as 'smart drugs,” are a diverse group of medicinal substances whose action improves human thinking, learning, and memory, especially in cases where these functions are impaired. This review provides an up-to-date overview of the potential effectiveness and importance of nootropics. Based on their nature and their effects, this heterogeneous group of drugs has been divided into four subgroups: classical nootropic compounds, substances increasing brain metabolism, cholinergic, and plants and their extracts with nootropic effects. Each subgroup of nootropics contains several main representatives, and for each one, its uses, indications, experimental treatments, dosage, and possible side effects and contraindications are discussed. For the nootropic plant extracts, there is also a brief description of each plant representative, its occurrence, history, and chemical composition of the medicinal part. Lastly, specific recommendations regarding the use of nootropics by both ill and healthy individuals are summarized. The market for nootropic supplements is continuously expanding, and one of the primary drivers of this increase is the broadening of the target population. Nootropics were traditionally promoted to people who wanted to increase their cognitive function, such as students, professionals, and sports. However, the target audience for nootropics has widened in recent years to include people of all ages and from all areas of life.
Nootropics are used in acute or subacute conditions for treating memory, consciousness, and learning disorders. They are recommended for incipient brain damage, which manifests with memory loss, mental retardation, and qualitative changes in consciousness. This condition is referred to as acute psycho-organic syndrome (POS). It is usually reversible, but it can lead to dementia in some cases. Acute POS can be caused by brain trauma, infection, stroke, or intoxication (alcohol, drugs with central anticholinergic effect, or carbon monoxide). Delirium tremens also belong to the POS group.
The usage of food supplements has dramatically increased in the last 20 years. It is estimated that one-fourth of the population in the U.S. consumes some sort of supplement. The number of daily supplement users in the UK has risen by less than one-fourth from the last study in 2019, making it the world's largest population of dietary supplement consumers. Currently, 71% of the world's adults are said to be using dietary supplements, with one in three blaming the pandemic. In addition, supplements can be used to repair micronutrient deficiencies or to maintain adequate consumption; commercially available supplements are most typically utilized by those who do not have clinical problems or symptoms of deficiency. It has also been noted that people who use supplements tend to have a better overall diet quality than those who do not use them, with their nutrient intake from their regular diet meeting recommended levels. There has also been a global increase in the demand for vegan food and plant-based nootropics are therefore popular and considered an appropriate supplement to the vegan diet.
However, this smart drug has multiple side effects which have been observed among its consumers. Some of the short-term side effects that are known for the amphetamine based drugs include decreased appetite, dry mouth and sleeping problems. These are well tolerated by most people and are significant in less than 10% of people. The main worry, however, is that there may be unknown effects that become evident only after many years of use. It is still not known how cognitive enhancers affect neural plasticity in the long term. The appetite suppressant fenfluramine seemed a wonder drug when it was released, but it was removed years later when it was discovered that it had serious cardiac side effects.
The nootropics supplement market is segmented based on type, product type, distribution channel, and region. Based on type the market is further categorized into capsules/tablets, powder, and liquid. Based on product type, the market is classified into synthetic nootropics, herbal nootropics, and amino acid nootropics. Based on distribution channels the market is classified into hospital pharmacies, online sales channels, and others. Based on region the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players included in the nootropics supplements market analysis are Powder City, Lincoln Cannon LLC, Nootropics Depot, Mental Mojo, LLC, Natural Stacks, Peak Nootropics, Gaia Herbs, Inc., Kimera Koffee, Purelife Bioscience Co., Ltd. and Onnit Labs, Inc.
Key Market Findings
Based on type, the capsules and tablets segment dominated the global market in the year 2022 and is likely to remain dominant during the forecast period.Based on product type, the synthetic nootropics segment dominated the global market in the year 2022 and is likely to remain dominant during the forecast period.
Based on the distribution channel, the pharmacy segment dominated the global market in the year 2022 and is likely to remain dominant during the forecast period.
Based on region, the Asia-Pacific region dominated the global market in the year 2022 and is likely to remain dominant during the forecast period.
Companies Mentioned
- Lincoln Cannon LLC
- Natural Stacks
- Peak Nootropics
- Kimera Koffee
- Onnit Labs, Inc.
- Powder City
- Purelife Bioscience Co., Ltd.
- Nootropics Depot
- Gaia Herbs, Inc.
- Mental Mojo, LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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