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Jun 05, 2020 (Market Insight Reports) — According to the latest nootropics market research report by GMI Research, Nootropics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The nootropics market studies the impact of the COVID-19 pandemic and illustrates that the market is projected to accelerate in 2021 over 2020 while growing at a significant growth rate from 2022 onwards. Nootropics refer to the drugs and natural extracts used to improve cognitive functions such as memory, creativity, and gives motivation to an individual. It is also named as cognitive enhancers, smart drugs, memory enhancers, and neuron enhancers. These drugs help to promote, protect, and enhance cognitive functions to provide better and long last lasting stable mental health to a person.
Competitive Landscape: The nootropics market report also scans the competitive landscape and profiles the major players operating in the market, including Teva Pharmaceutical Industries, Accelerated Intelligence, Inc., Purelife Bioscience Co., Ltd., HVMN Inc., Cephalon, Inc., AlternaScript LLC., Onnit Labs, Inc., Gaia Herbs, LLC, United Pharmacies, Powder City LLC, and SupNootropic Biological Technology Co., Ltd.
Request for a sample report copy: https://www.gmiresearch.com/report/nootropics-market/sample-request
The significant factors boosting the growth of the global nootropics market include the increasing consumption of smart drugs, rising consumer expenditure on health and wellness products, and growing awareness regarding the benefits offered by nootropics among consumers across the globe. Simultaneously, the strong demand for brain booster and easy accessibility of the product will further energize the expansion of the nootropics market size.
The fundamental shift in the consumer preference’s towards natural nootropics such as matcha tea, caffeine, spinach, peanuts, eggs, turmeric, ginseng, pine bark, and fish oil will create new growth opportunities for the market. The emerging trend of cognitive enhancement among people for professional advantage, academic success, personal improvement, athletic performance, and to sustain brain activities during old age will boost the market growth in upcoming years. On the other end, the lack of proper treatment and side effects related to the nootropics such as headache, fatigue, and insomnia is likely to restrain the growth of the global nootropics market.
For further information on these analyses, please visit: https://www.gmiresearch.com/report/nootropics-market/
Breakup by Application: Memory Enhancement
Mood & Depression
Attention & Focus
Longevity & Anti-aging
Sleep & Recovery
Breakup by Distribution Channel: Online
Breakup by Region: Asia Pacific China
Rest of APAC
Europe United Kingdom
Rest of Europe
RoW Brazil South Africa Saudi Arabia UAE Rest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘ Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: firstname.lastname@example.org Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on email@example.com COMTEX_366543313/2599/2020-06-05T05:12:40 Is there a problem with this press release? Contact the source provider Comtex at firstname.lastname@example.org . You can also contact MarketWatch Customer Service via our Customer Center . The MarketWatch News Department was not involved in the creation of this content.