Global Nootropics Market is Anticipated to Flourish at a CAGR of 12.2% by 2023
A recent report by KD market insights titled as "Nootropics Market – By Product Type (Natural, Synthetic), By Application (Memory Enhancement, Mood and Depression, Attention and Focus, Longevity and Anti-aging, Sleep, Recovery and Dream Enhancement, Anxiety) & Global Region - Market Size, Share, Trends and Forecast 2018-2023" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Nootropics Market. competitors share and region wise analysis around the globe.
Nootropics are drugs, supplements, and other substances that can be taken to boost memory, focus, creativity, intelligence and motivation. Nootropics are also known as smart drugs that have the strongest and most significant effects on memory and attention. These nootropics can be natural, synthetic and prescription substances that acts as a cognitive enhancer. There are number of nootropic products are being sold widely hat claim to boost creativity, memory, decision-making or other high-level brain functions. The nootropics market is expected to experience positive response in upcoming years. In terms of value, the market is poised to grasp USD XXXX Million by the end of forecasted period by recording a CAGR of 12.2%.
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Growth Drivers & Restraints:
The consumers these days are more concerned about their health and wellness then they were ever before. However, being healthy is now does not mean only physical strength but mental strength also. Consumers are opting for numerous practices such as yoga, meditation, supplements, and other mindfulness practices to improve their mental strength. However, such practices are not as effective as they need to be to enhance overall cognitive functioning. At the same time, nootropics are believed to be able to increases alertness, improves attention and reduce reaction times. Nootropics are also considered as stress-relieving brain-boosters as they are capable of fighting chronic stresses. The rise in work-related stress and depression or anxiety at work and in the personal lives of consumers are also major factors which are why nootropics are convincingly appreciated among the employed population. Nootropics are also being adopted by students as they believe this can help with their concentration ability and memory strength.
There is also a rise in memory-related diseases, especially in the aged population. Memory loss related conditions can be easily found in aging brains. As the world is witnessing an enormous rise in a number of aged populations the demand for nootropics is also rising at an unprecedented rate. Geriatric population is using nootropics to fight various age-related memory issues. Apart from this, growing ease of accessibility, raising awareness, and smart marketing strategy are other major factors that are driving the popularity of the nootropics across all regions.
The research offers a comprehensive analysis of Nootropics market with respect to following sub-markets:
By Product Type
- Memory Enhancement
- Mood and Depression
- Attention and Focus
- Longevity and Anti-aging
- Sleep, Recovery and Dream Enhancement
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as:
- Nootrobox, Inc.
- Cephalon, Inc.
- Purelife Bioscience Co. Ltd.
- Peak Nootropics
- SupNootropic Biological Technology Co. Ltd.
- AlternaScript LLC
- Accelerated Intelligence, Inc.
- Onnit Labs LLC
- Powder City LLC
- Other Prominent Players
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Table of Contents@
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Barriers in Global Nootropics Market
3. Global Nootropics Market Trends
4. Opportunities in Global Nootropics Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Global Nootropics Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8. Global Nootropics Market Segmentation Analysis, By Product Type
8.3. BPS Analysis, By Product Type
8.4. District Heating Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.4.1. Natural Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.4.2. Synthetic Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Nootropics Market Segmentation Analysis, By Application
9.2. Market Attractiveness, By Application
9.3. BPS Analysis, By Application
9.4. Memory Enhancement Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Mood and Depression Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Attention and Focus Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.7. Longevity and Anti-aging Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.8. Sleep, Recovery and Dream Enhancement Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.9. Anxiety Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
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