According to FutureWise analysis, the market for Nootropics Brain Supplements is expected to grow with a CAGR of 11.9% over the forecast period 2023-2031, and reach a market value of US$ 8.99 Billion by 2031.
Nootropics, also recognized as cognitive boosters or smart substances, are substances, supplements, or medications believed to augment cognitive abilities, encompassing memory, creativity, motivation, and overall mental prowess. The term "nootropic" was coined by Romanian psychologist and chemist Corneliu E. Giurgea, who defined it as a substance that can enhance learning and memory while being safe and having minimal side effects. These substances influence various neurotransmitters, enzymes, and other biochemical factors in the brain. Some enhance blood flow, while others modulate the release of crucial neurotransmitters like acetylcholine, dopamine, and serotonin. These mechanisms are believed to result in improved synaptic plasticity the brain's ability to adapt and form new neural connections.
Nootropic brain supplements encompass many compounds, including vitamins, minerals, amino acids, herbal extracts, and synthetic substances. Common ingredients include caffeine, L-theanine, omega-3 fatty acids, ginkgo biloba, and various adaptogens like rhodiola rosea and ashwagandha. Synthetic nootropics like racetams (like piracetam and aniracetam) and newer compounds like noopept have also gained popularity. Nootropics brain supplements have gained traction due to the demands of modern life, which often require enhanced cognitive functions for tasks like studying, working, and problem-solving.
FutureWise Market Research has published a report that provides an insightful analysis of Nootropics Brain Supplements Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts' projects that the Nootropics Brain Supplements Market will experience a significant growth. According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.