According to a new report Global Nootropics Market, published by KBV research, The Global Nootropics Market size is expected to reach $24.6 billion by 2027, rising at a market growth of 14.7% CAGR during the forecast period.
The Online market is expected to witness highest CAGR of 16.7% during (2021 - 2027). Because of changes in shopping patterns and a significant shift in their lifestyles, consumers are shifting from physical to online channels. In addition, online platforms provide high levels of convenience, greater product visibility, and at-home delivery services, which would attract more consumers.
The Drinks market is expected to witness a CAGR of 15.5% during (2021 - 2027). To aid improve skills like focus and memory, nootropics substances are being included into RTD drinks and shots. Drink-form nootropics are gaining popularity due to their ability to digest more quickly than meals, allowing consumers to instantly enhance the brain functioning.
The North America market dominated the Global Nootropics Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $9.5 billion by 2027. The Europe market is expected to witness a CAGR of 13.9% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 16.9% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/nootropics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Mental Mojo, LLC, Onnit Labs, Inc., Peak Nootropics (Advanced Nootropics), Reckitt Benckiser Group PLC, Mind Lab Pro (Opti-Nutra, ltd.), Zhou Nutrition LLC (Nutraceutical International Corporation)TruBrain, Wolfson Holdco Limited (NooCube), NEU MIND, LLC, and Kraken Koffee, LLC.
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Companies Profiled
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