The North America Nootropics Market would witness market growth of 13.3% CAGR during the forecast period (2021-2027).
Nootropics that boost brain health and improved cognitive performance are gaining popularity among individuals due to the rising competition in every field. In addition, Special Operations Forces (SOF) are among the key potential customers of this industry since they strive to constantly improve and maintain their high level of performance at all times.
Along with that, rising number of professionals across different business verticals who need to maintain high level of intellect and concentration would increasingly adopt nootropics.
The companies that are operating in the food and beverage industry are implementing fortification of nutritional additives like minerals, vitamins, fibers, and others in their product offerings to attract health-conscious people. Additionally, food products like walnuts, chia seeds, and seafood, can help with a variety of degenerative diseases since they are among nootropics items.
In the last few years, there has been a constant surge in life expectancy and higher attention is given to quality of life across US and Canada. Consumers are highly getting conscious about their health status and have started considering their lifestyles and healthy diets. In addition, Canada has not given approval for sales of nootropics since they have not been classified by Health Canada. However, through online sales, many people are ordering nootropics products across Canada.
The US market dominated the North America Nootropics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $6.8 billion by 2027. The Canada market is poised to grow at a CAGR of 15.9% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 14.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Nootropics Market is Estimated 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.
By Distribution Channel
By Form
By Country
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