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Nootropics Supplement Market By Type, By Product Type, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 300 Pages
  • October 2023
  • Region: Global
  • Allied Market Research
  • ID: 5916297
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.

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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  • Consumer Buying Behavior Analysis
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  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
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  • Historic market data

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
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
CHAPTER 4: NOOTROPICS SUPPLEMENT MARKET, BY TYPE
4.1. Overview
4.2. Capsules and Tablets
4.3. Powder
4.4. Liquid
CHAPTER 5: NOOTROPICS SUPPLEMENT MARKET, BY PRODUCT TYPE
5.1. Overview
5.2. Synthetic nootropics
5.3. Herbal nootropics
5.4. Amino acid nootropics
CHAPTER 6: NOOTROPICS SUPPLEMENT MARKET, BY DISTRIBUTION CHANNEL
6.1. Overview
6.2. Hypermarket/Supermarket
6.3. Specialty stores
6.4. Pharmacy
6.5. Online channels
CHAPTER 7: NOOTROPICS SUPPLEMENT MARKET, BY REGION
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. Onnit Labs, Inc.
9.2. Nootropics Depot
9.3. Peak Nootropics
9.4. Lincoln Cannon LLC
9.5. Gaia Herbs, Inc.
9.6. Kimera Koffee
9.7. Purelife Bioscience Co., Ltd.
9.8. Mental Mojo, LLC
9.9. Powder City
9.10. Natural Stacks
List of Tables
Table 01. Global Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 02. Nootropics Supplement Market for Capsules and Tablets, by Region, 2022-2032 ($ Million)
Table 03. Nootropics Supplement Market for Powder, by Region, 2022-2032 ($ Million)
Table 04. Nootropics Supplement Market for Liquid, by Region, 2022-2032 ($ Million)
Table 05. Global Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 06. Nootropics Supplement Market for Synthetic Nootropics, by Region, 2022-2032 ($ Million)
Table 07. Nootropics Supplement Market for Herbal Nootropics, by Region, 2022-2032 ($ Million)
Table 08. Nootropics Supplement Market for Amino Acid Nootropics, by Region, 2022-2032 ($ Million)
Table 09. Global Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 10. Nootropics Supplement Market for Hypermarket/Supermarket, by Region, 2022-2032 ($ Million)
Table 11. Nootropics Supplement Market for Specialty Stores, by Region, 2022-2032 ($ Million)
Table 12. Nootropics Supplement Market for Pharmacy, by Region, 2022-2032 ($ Million)
Table 13. Nootropics Supplement Market for Online Channels, by Region, 2022-2032 ($ Million)
Table 14. Nootropics Supplement Market, by Region, 2022-2032 ($ Million)
Table 15. North America Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 16. North America Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 17. North America Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 18. North America Nootropics Supplement Market, by Country, 2022-2032 ($ Million)
Table 19. U.S. Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 20. U.S. Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 21. U.S. Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 22. Canada Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 23. Canada Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 24. Canada Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 25. Mexico Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 26. Mexico Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 27. Mexico Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 28. Europe Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 29. Europe Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 30. Europe Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 31. Europe Nootropics Supplement Market, by Country, 2022-2032 ($ Million)
Table 32. UK Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 33. UK Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 34. UK Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 35. Germany Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 36. Germany Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 37. Germany Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 38. Italy Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 39. Italy Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 40. Italy Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 41. France Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 42. France Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 43. France Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 44. Spain Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 45. Spain Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 46. Spain Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 47. Rest of Europe Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 48. Rest of Europe Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 49. Rest of Europe Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 50. Asia-Pacific Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 51. Asia-Pacific Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 52. Asia-Pacific Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 53. Asia-Pacific Nootropics Supplement Market, by Country, 2022-2032 ($ Million)
Table 54. China Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 55. China Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 56. China Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 57. India Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 58. India Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 59. India Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 60. Japan Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 61. Japan Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 62. Japan Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 63. South Korea Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 64. South Korea Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 65. South Korea Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 66. Australia Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 67. Australia Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 68. Australia Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 69. Rest of Asia-Pacific Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 70. Rest of Asia-Pacific Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 71. Rest of Asia-Pacific Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 72. LAMEA Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 73. LAMEA Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 74. LAMEA Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 75. LAMEA Nootropics Supplement Market, by Country, 2022-2032 ($ Million)
Table 76. Brazil Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 77. Brazil Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 78. Brazil Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 79. Argentina Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 80. Argentina Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 81. Argentina Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 82. Saudi Arabia Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 83. Saudi Arabia Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 84. Saudi Arabia Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 85. United Arab Emirates Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 86. United Arab Emirates Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 87. United Arab Emirates Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 88. South Africa Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 89. South Africa Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 90. South Africa Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 91. Rest of LAMEA Nootropics Supplement Market, by Type, 2022-2032 ($ Million)
Table 92. Rest of LAMEA Nootropics Supplement Market, by Product Type, 2022-2032 ($ Million)
Table 93. Rest of LAMEA Nootropics Supplement Market, by Distribution Channel, 2022-2032 ($ Million)
Table 94. Onnit Labs, Inc.: Key Executives
Table 95. Onnit Labs, Inc.: Company Snapshot
Table 96. Onnit Labs, Inc.: Product Segments
Table 97. Onnit Labs, Inc.: Product Portfolio
Table 98. Nootropics Depot: Key Executives
Table 99. Nootropics Depot: Company Snapshot
Table 100. Nootropics Depot: Product Segments
Table 101. Nootropics Depot: Product Portfolio
Table 102. Peak Nootropics: Key Executives
Table 103. Peak Nootropics: Company Snapshot
Table 104. Peak Nootropics: Product Segments
Table 105. Peak Nootropics: Product Portfolio
Table 106. Lincoln Cannon LLC: Key Executives
Table 107. Lincoln Cannon LLC: Company Snapshot
Table 108. Lincoln Cannon LLC: Product Segments
Table 109. Lincoln Cannon LLC: Product Portfolio
Table 110. Gaia Herbs, Inc.: Key Executives
Table 111. Gaia Herbs, Inc.: Company Snapshot
Table 112. Gaia Herbs, Inc.: Product Segments
Table 113. Gaia Herbs, Inc.: Product Portfolio
Table 114. Kimera Koffee: Key Executives
Table 115. Kimera Koffee: Company Snapshot
Table 116. Kimera Koffee: Product Segments
Table 117. Kimera Koffee: Product Portfolio
Table 118. Purelife Bioscience Co. Ltd.: Key Executives
Table 119. Purelife Bioscience Co. Ltd.: Company Snapshot
Table 120. Purelife Bioscience Co. Ltd.: Product Segments
Table 121. Purelife Bioscience Co. Ltd.: Product Portfolio
Table 122. Mental Mojo, LLC: Key Executives
Table 123. Mental Mojo, LLC: Company Snapshot
Table 124. Mental Mojo, LLC: Product Segments
Table 125. Mental Mojo, LLC: Product Portfolio
Table 126. Powder City: Key Executives
Table 127. Powder City: Company Snapshot
Table 128. Powder City: Product Segments
Table 129. Powder City: Product Portfolio
Table 130. Natural Stacks: Key Executives
Table 131. Natural Stacks: Company Snapshot
Table 132. Natural Stacks: Product Segments
Table 133. Natural Stacks: Product Portfolio
List of Figures
Figure 01. Nootropics Supplement Market, 2022-2032
Figure 02. Segmentation of Nootropics Supplement Market, 2022-2032
Figure 03. Top Impacting Factors in Nootropics Supplement Market
Figure 04. Top Investment Pockets in Nootropics Supplement Market (2023-2032)
Figure 05. Low Bargaining Power of Suppliers
Figure 06. Low Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Low Intensity of Rivalry
Figure 09. Low Bargaining Power of Buyers
Figure 10. Global Nootropics Supplement Market: Drivers, Restraints and Opportunities
Figure 11. Nootropics Supplement Market, by Type, 2022 and 2032 (%)
Figure 12. Comparative Share Analysis of Nootropics Supplement Market for Capsules and Tablets, by Country 2022 and 2032 (%)
Figure 13. Comparative Share Analysis of Nootropics Supplement Market for Powder, by Country 2022 and 2032 (%)
Figure 14. Comparative Share Analysis of Nootropics Supplement Market for Liquid, by Country 2022 and 2032 (%)
Figure 15. Nootropics Supplement Market, by Product Type, 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Nootropics Supplement Market for Synthetic Nootropics, by Country 2022 and 2032 (%)
Figure 17. Comparative Share Analysis of Nootropics Supplement Market for Herbal Nootropics, by Country 2022 and 2032 (%)
Figure 18. Comparative Share Analysis of Nootropics Supplement Market for Amino Acid Nootropics, by Country 2022 and 2032 (%)
Figure 19. Nootropics Supplement Market, by Distribution Channel, 2022 and 2032 (%)
Figure 20. Comparative Share Analysis of Nootropics Supplement Market for Hypermarket/Supermarket, by Country 2022 and 2032 (%)
Figure 21. Comparative Share Analysis of Nootropics Supplement Market for Specialty Stores, by Country 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Nootropics Supplement Market for Pharmacy, by Country 2022 and 2032 (%)
Figure 23. Comparative Share Analysis of Nootropics Supplement Market for Online Channels, by Country 2022 and 2032 (%)
Figure 24. Nootropics Supplement Market by Region, 2022 and 2032 (%)
Figure 25. U.S. Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 26. Canada Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 27. Mexico Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 28. UK Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 29. Germany Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 30. Italy Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 31. France Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 32. Spain Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 33. Rest of Europe Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 34. China Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 35. India Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 36. Japan Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 37. South Korea Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 38. Australia Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 39. Rest of Asia-Pacific Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 40. Brazil Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 41. Argentina Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 42. Saudi Arabia Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 43. United Arab Emirates Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 44. South Africa Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 45. Rest of LAMEA Nootropics Supplement Market, 2022-2032 ($ Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap: Nootropics Supplement Market
Figure 52. Top Player Positioning, 2022

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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