Nootropics Market Expected to Rise at A High CAGR, Driving Robust Sales and Revenue till 2026

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Presents a Research Report on Nootropics Market
The report on the Nootropics Market is
segmented By Drug Type (Prescription Nootropics
Modafinil, Adderall, Methylphenidate,
Memantine, OTC Nootropics Ginkgo Biloba, Panax
Ginseng, Rhodiola Rosea, Nicotine, Others), By
Application (Memory Enhancement, Mood
Depression, Attention Focus, Longevity
Anti-aging, Sleep Recovery, Anxiety), By
Distribution Channel (Offline, Online)
and Region.


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Nootropics Market Highlights Drivers

• The Nootropics Market is projected to grow from
  USD xx million in 2020 to USD xx million by 2026
  at a CAGR of over 7.4 during the forecast
  period.

• Market Dynamics
• Increasing demand for smart drugs and brain
  boosters is likely to augment the demand for
  nootropics.
• A large number of professionals and students
  consume these smart drugs to enhance memory and
  focus.
• Continuous product development using both natural
  and synthetic raw materials is further expected
  to propel market growth.
• Furthermore, the surge in the vegan population in
  developed countries of Europe and North America
  is further expected to boost the need for
  plant-based nootropic products.
• In addition, the surging demand for multi-utility
  drugs that work as an energy booster,
  antidepressants, and anxiety resistance further
  offer immense opportunities to the product
  manufacturers.

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Market Insight

• Segment Analysis
• Distribution Channel Trends
• Based on distribution channels, the global
  nootropics market has been bifurcated into
  offline and online.
• Among these, the online segment held a
  substantial market share in 2020 and is projected
  to register a robust CAGR of almost 14 during
  the review period.
• This is mainly attributed to the growing
  preference for nootropics by students.
• Easy payment platforms that fit into regulatory
  standards of various countries have made payment
  operations easier.
• Thus, key industry participants focus on online
  distribution channels to widen their customer
  base.
• Regional Trends
• By region, North America dominated the nootropics
  market in 2020 with an astounding share of around
  40 and is projected to grow at a healthy CAGR
  during the review period.
• This can be attributed to the presence of major
  healthcare companies, increasing consumer
  awareness about brain health, and changing
  lifestyles are expected to boost regional growth.
• Around 50 of the adult population in the US
  consumes vitamin supplements, this is a key
  contribution to the regional nootropic industry.

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Competitive Insights

• Key Players
• Accelerated Intelligence Inc. (UK),
• AlternaScript (The U.S),
• HVMN (The U.S),
• Onnit Labs, Inc. (The U.S),
• Peak Nootropics (The U.S),
• Teva Pharmaceutical Industries (Israel),
• Purelife Bioscience Co., Ltd. (China),
• United Pharmacies (Moldova), SupNootropic bio
  co.,ltd (The U.S), and
• Powder City (The U.S).

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Research Methodology
Data Analysis (Top Down and Bottom Up Approach)
Data Triangulation (Data Evaluation and Multiple
Data Triangulation)
Final Deliverables (Final Report with All
Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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