The global nootropics supplement market was around US$ 2.6 billion in 2023 and is estimated to reach US$ 4.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2024 to 2032.
Nootropic supplements, also known as "cognitive enhancers," or "smart drugs" are compounds that are intended to augment cognitive functions like motivation, creativity, memory, and mental clarity. These supplements, which may include synthetic chemicals, natural ingredients, or plant extracts, desire to enhance brain performance without forcing severe negative effects.
Factors Influencing Market Growth
- The nootropic supplements market is noticing multiple key changes that define the changing terrain of cognitive enhancement goods.
- As research advances and more individuals realize the possible benefits, the market for nootropic capsules is anticipated to grow rapidly, fulfilling the escalating demand for cognitive improvements in the modern age.
- The nootropics market is becoming more globalized. With the advancements in international shipping and e-commerce, consumers have access to a broad range of products from around the world. Thus, this factor will further boost the global market growth.
Regional Analysis
In 2023, Asia-Pacific dominated the global market in terms of revenue and is anticipated to maintain its position during the forecast period. This development is being propelled by a variety of factors, including augmented knowledge of the advantages of nootropics, boosted demand for herbal and natural medicines, and the growing prevalence of mental health illnesses in the Asia-Pacific region.
Leading Companies
The leading prominent companies profiled in the global nootropics supplement market are: a
- Powder City
- Lincoln Cannon LLC
- Nootropics Depot
- Mental Mojo, LLC
- Natural Stacks
- Peak Nootropics
- Gaia Herbs, Inc.
- Kimera Koffee
- Purelife Bioscience Co., Ltd.
- Onnit Labs, Inc.
- Other prominent key players
Segmentation Outline
The global nootropics supplement market segmentation focuses on Type, Product Type, Distribution Channel, and Region.
Segmentation based on Type
- Capsules and Tablets
- Powder
- Liquid
Segmentation based on Product Type
- Synthetic nootropics
- Herbal nootropics
- Amino acid nootropics
Segmentation based on Distribution Channel
- Hypermarket/Supermarket
- Specialty stores
- Pharmacy
- Online channels
Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
