The Latin America, Middle East and Africa Nootropics Market would witness market growth of 18.6% CAGR during the forecast period (2021-2027).
Modern medications like aniracetam, pramiracetam, piracetam, and cholinesterase inhibitors such as onepezil can be utilized as nootropic agents. Numerous companies are developing synthetic nootropics in form of pills, powders and drinks. Whereas, some major players are using Phyto-constituents found in many sections of plants, such as leaves, flowers, flower buds, stem bark, stem, seeds, and roots, in their products to make it more natural and appealing to the customers.
L-Theanine, an amino acid found in tea, is one of the nootropic agents that helps to increase focus and protect the brain against neurodegeneration. In addition, caffeine is another nootropic that helps to boost alertness and focus by stimulating the central nervous system. It also helps with alertness and reaction time.
The Abu Dhabi Health Authority (Haad) stated that the number of people who are in need of mental health care is underreported. In the recent years, the number of visits to the SKMC child psychiatry clinic has increased. Due to this high number of mental health issues, many experts suggest the consumption of some natural nootropics would be beneficial, which would augment its demand and growth across this region
The Brazil market dominated the LAMEA Nootropics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $539 million by 2027. The Argentina market is showcasing a CAGR of 19.2% during (2021 - 2027). Additionally, The UAE market would grow at a CAGR of 18.3% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Form, the market is segmented into Capsules/Tablets, Powder, Drinks, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Nootropics Market is Predict to reach $24.6 Billion by 2027, at a CAGR of 14.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
By Form
- Capsules/Tablets
- Powder
- Drinks, and
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Kraken Koffee, LLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Nootropics Market, by Distribution Channel
1.4.2 LAMEA Nootropics Market, by Form
1.4.3 LAMEA Nootropics Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Nootropics Market by Distribution Channel
3.1 LAMEA Offline Nootropics Market by Country
3.2 LAMEA Online Nootropics Market by Country
Chapter 4. LAMEA Nootropics Market by Form
4.1 LAMEA Capsules/Tablets Nootropics Market by Country
4.2 LAMEA Powder Nootropics Market by Country
4.3 LAMEA Drinks Nootropics Market by Country
4.4 LAMEA Others Nootropics Market by Country
Chapter 5. LAMEA Nootropics Market by Country
5.1 Brazil Nootropics Market
5.1.1 Brazil Nootropics Market by Distribution Channel
5.1.2 Brazil Nootropics Market by Form
5.2 Argentina Nootropics Market
5.2.1 Argentina Nootropics Market by Distribution Channel
5.2.2 Argentina Nootropics Market by Form
5.3 UAE Nootropics Market
5.3.1 UAE Nootropics Market by Distribution Channel
5.3.2 UAE Nootropics Market by Form
5.4 Saudi Arabia Nootropics Market
5.4.1 Saudi Arabia Nootropics Market by Distribution Channel
5.4.2 Saudi Arabia Nootropics Market by Form
5.5 South Africa Nootropics Market
5.5.1 South Africa Nootropics Market by Distribution Channel
5.5.2 South Africa Nootropics Market by Form
5.6 Nigeria Nootropics Market
5.6.1 Nigeria Nootropics Market by Distribution Channel
5.6.2 Nigeria Nootropics Market by Form
5.7 Rest of LAMEA Nootropics Market
5.7.1 Rest of LAMEA Nootropics Market by Distribution Channel
5.7.2 Rest of LAMEA Nootropics Market by Form
Chapter 6. Company Profiles
6.1 Mental Mojo, LLC
6.1.1 Company Overview
6.2 Onnit Labs, Inc.
6.2.1 Company Overview
6.3 Peak Nootropics (Advanced Nootropics)
6.3.1 Company Overview
6.4 Reckitt Benckiser Group PLC
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.5 Mind Lab Pro (Opti-Nutra, ltd.)
6.5.1 Company Overview
6.6 Zhou Nutrition LLC (Nutraceutical International Corporation)
6.6.1 Company Overview
6.7 TruBrain
6.7.1 Company Overview
6.8 Wolfson Holdco Limited (NooCube)
6.8.1 Company Overview
6.9 NEU MIND, LLC
6.9.1 Company Overview
6.10. Kraken Koffee, LLC
6.10.1 Company Overview
6.10.2 Recent strategies and developments:
6.10.2.1 Product Launches and Product Expansions:
TABLE 1 LAMEA Nootropics Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Nootropics Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Nootropics Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 4 LAMEA Nootropics Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 5 LAMEA Offline Nootropics Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Offline Nootropics Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Online Nootropics Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Online Nootropics Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Nootropics Market by Form, 2017 - 2020, USD Million
TABLE 10 LAMEA Nootropics Market by Form, 2021 - 2027, USD Million
TABLE 11 LAMEA Capsules/Tablets Nootropics Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Capsules/Tablets Nootropics Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Powder Nootropics Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Powder Nootropics Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Drinks Nootropics Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Drinks Nootropics Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Others Nootropics Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Others Nootropics Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Nootropics Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Nootropics Market by Country, 2021 - 2027, USD Million
TABLE 21 Brazil Nootropics Market, 2017 - 2020, USD Million
TABLE 22 Brazil Nootropics Market, 2021 - 2027, USD Million
TABLE 23 Brazil Nootropics Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 24 Brazil Nootropics Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 25 Brazil Nootropics Market by Form, 2017 - 2020, USD Million
TABLE 26 Brazil Nootropics Market by Form, 2021 - 2027, USD Million
TABLE 27 Argentina Nootropics Market, 2017 - 2020, USD Million
TABLE 28 Argentina Nootropics Market, 2021 - 2027, USD Million
TABLE 29 Argentina Nootropics Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 30 Argentina Nootropics Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 31 Argentina Nootropics Market by Form, 2017 - 2020, USD Million
TABLE 32 Argentina Nootropics Market by Form, 2021 - 2027, USD Million
TABLE 33 UAE Nootropics Market, 2017 - 2020, USD Million
TABLE 34 UAE Nootropics Market, 2021 - 2027, USD Million
TABLE 35 UAE Nootropics Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 36 UAE Nootropics Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 37 UAE Nootropics Market by Form, 2017 - 2020, USD Million
TABLE 38 UAE Nootropics Market by Form, 2021 - 2027, USD Million
TABLE 39 Saudi Arabia Nootropics Market, 2017 - 2020, USD Million
TABLE 40 Saudi Arabia Nootropics Market, 2021 - 2027, USD Million
TABLE 41 Saudi Arabia Nootropics Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 42 Saudi Arabia Nootropics Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 43 Saudi Arabia Nootropics Market by Form, 2017 - 2020, USD Million
TABLE 44 Saudi Arabia Nootropics Market by Form, 2021 - 2027, USD Million
TABLE 45 South Africa Nootropics Market, 2017 - 2020, USD Million
TABLE 46 South Africa Nootropics Market, 2021 - 2027, USD Million
TABLE 47 South Africa Nootropics Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 48 South Africa Nootropics Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 49 South Africa Nootropics Market by Form, 2017 - 2020, USD Million
TABLE 50 South Africa Nootropics Market by Form, 2021 - 2027, USD Million
TABLE 51 Nigeria Nootropics Market, 2017 - 2020, USD Million
TABLE 52 Nigeria Nootropics Market, 2021 - 2027, USD Million
TABLE 53 Nigeria Nootropics Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 54 Nigeria Nootropics Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 55 Nigeria Nootropics Market by Form, 2017 - 2020, USD Million
TABLE 56 Nigeria Nootropics Market by Form, 2021 - 2027, USD Million
TABLE 57 Rest of LAMEA Nootropics Market, 2017 - 2020, USD Million
TABLE 58 Rest of LAMEA Nootropics Market, 2021 - 2027, USD Million
TABLE 59 Rest of LAMEA Nootropics Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 60 Rest of LAMEA Nootropics Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 61 Rest of LAMEA Nootropics Market by Form, 2017 - 2020, USD Million
TABLE 62 Rest of LAMEA Nootropics Market by Form, 2021 - 2027, USD Million
TABLE 63 Key Information – Mental Mojo, LLC
TABLE 64 Key Information – Onnit Labs, Inc.
TABLE 65 Key Information – Peak Nootropics
TABLE 66 Key information – Reckitt Benckiser Group PLC
TABLE 67 Key Information – Mind Lab Pro
TABLE 68 Key Information – Zhou Nutrition LLC
TABLE 69 Key Information – TruBrain
TABLE 70 Key Information – Wolfson Holdco Limited
TABLE 71 Key Information – NEU MIND, LLC
TABLE 72 Key Information – Kraken Koffee, LLC
List of Figures
FIG 1 Methodology for the research