Nootropics Market Outlook 2024-2031: Trends and Opportunities/ Pfizer Inc., GlaxoSmithKline plc, Novartis AG, Mylan N.V.
The global nootropics market is anticipated to grow at a CAGR of 14.1% during the forecast period (2024-2031). New and effective product launches is anticipated to drive the demand for nootropics, thereby is driving the market growth. For instance, in March 2023, Beverage label Savvy launched a nootropic-infused beverage range designed to optimize cognitive performance. The beverage range is available in two variants: Savvy Coffee and Savvy Drink. Savvy Coffee comes in coffee pods and coffee powder, both with biodegradable compostable packaging.Further, in October 2022, Southern California-based nootropics brand Troomy launched its product line of adaptogenic mushroom . Formulated to help support a wide range of lifestyles and functional needs, Troomy Mushroom are available in a variety of super-powered mushroom blends and flavours. For focus, the company offers Lion's Mane Mushroom (Tangerine Passionfruit). For Boost, the company offers Cordyceps Mushroom (Lemon Lime); For Calmness, the company offers Reishi Mushroom (Pineapple Peach); For effective sleep, the company offers Reishi + Melatonin (Black Raspberry)
Furthermore, in August 2022, Snack brand Mindright has launched: a "first-of-its-kind" range of popped chips infused with brain-boosting nootropic ingredients. The latest range comes in three flavours - Chili Lime, Cinnamon Churro and Tumeric Ranch. The popped chips are made using the brand's signature nootropic concoction, which features ginseng, lion's mane and L-Theanine, as well as vitamins B6, B12 and antioxidants that benefit energy, mood and focus. The chips are made with 100% avocado oil, in place of traditional oils such as canola and soybean.
In May 2022, Solaray announced the launch of Solaray SharpMind: a collection of advanced nootropics expertly crafted with clinically backed nutrients, adaptogens and fermented organic mushrooms designed to support mental and emotional well-being. Five unique formula includes stress, energy, focus, mood, and sleep - offer targeted support for specific cognitive requirements.
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Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Form
By Distribution Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Pfizer Inc., GlaxoSmithKline plc, Novartis AG, Mylan N.V., and Teva Pharmaceutical Industries Ltd. among others.
A full Report of Nootropics Market is Available @ https://www.omrglobal.com/industry-reports/nootropics-market
Nootropics Market Report Segment
By Form
Capsules/Tablets
Powder
Drinks
By Distribution Channel
Online
Offline
Nootropics Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
AstraZeneca Plc
Cephalon A/S
GlaxoSmithKline plc
Johnson & Johnson Private Ltd.
Kimera Koffee
Koios Beverage Corp
Mental Mojo, LLC
Mylan N.V.
Novartis AG
Onnit Labs, Inc.
Opti-Nutra Ltd.
Pfizer Inc.
Reckitt Benckiser Group PLC
Reckitt Benckiser Group plc
Sanofi SA
Savvy Beverage
Teva Pharmaceutical Industries Ltd.
TruBrain Inc.
Wolfson Brands (Noocube)
Zhou Nutrition LLC
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/nootropics-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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