Nootropics Market Size Worth $4.94 Billion by 2025 | CAGR: 12.5%: Grand View Research, Inc.

SAN FRANCISCO, Sept. 24, 2019 /PRNewswire/ — The global nootropics market size is expected to reach USD 4.94 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 12.5% during the forecast period. Rising expenditure on wellness and healthcare is anticipated to fuel the growth. In addition, rising awareness regarding mental health among millennials in developing countries including China and India is expected to boost the demand for nootropics. Key suggestions from the report: North America held the largest market share of more than 37% in terms of revenue in 2018 Asia Pacific is expected expand at the fastest CAGR of 18.8% from 2019 to 2025. Hectic lifestyle and fluctuating diet patterns among working population in developing countries is expected to promote the demand for of nootropics drugs Memory enhancement application held the largest market share of over 30% in 2018, owing to increased consumption of these products among students Online distribution channel is expected register the fastest CAGR of 14.2% from 2019 to 2025 Accelerated Intelligence Inc.; AlternaScript; HVMN; Onnit Labs, Inc.; Peak Nootropics; and Teva Pharmaceutical Industries are some the major players operating in the nootropics market. Read 80 page research report with ToC on "Nootropics Market Size, Share & Trends Analysis Report By Application (Memory Enhancement, Mood & Depression, Attention & Focus, Anxiety), By Distribution Channel, And Segment Forecasts, 2019 – 2025" at: https://www.grandviewresearch.com/industry-analysis/nootropics-market The memory enhancement application segment led the nootropics market in 2018 and it is expected to continue leading over the forecast period. Increasing consumption of smart drugs to gain a competitive advantage in academic performance is expected to positively influence the growth. Adrafinil, Noopept, Modafinil, Phosphatidylserine, and Phenylalanine Nootropics help improve memory. A significant part of the elderly population with mild […]

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