What is the current size and value of nootropics market ?

According to the latest report published by Credence Research, Inc. “Nootropics Market – Growth, Future Prospects and Competitive Analysis, 2016-2024,” the global nootropics market was valued at USD 1,346.5 Mn in 2015, and is expected to reach USD 6,059.4 Mn by 2024, expanding at a CAGR of 17.9% from 2016 to 2024.

For more details with charts and figures – https://goo.gl/pvHKqh

Market Insights
Nootropics, also known as cognitive enhancers are drugs and natural extracts that improve cognitive functions such as memory, creativity, motivation in healthy individuals. Nootropics have been available in the market for several decades and were made of ingredients such as multivitamins and caffeine – substances that the FDA has approved as dietary supplements and classified as GRAS (generally regarded as safe). At present, these products are being repackaged, repurposed and sold to academic and professional overachievers to augment their brain function. Companies operating in this space primarily succeed as lifestyle brands through smart marketing. However they can only be recognized as healthcare brands only after they develop products that secure regulatory approval thus establishing certified efficacy and safety to their products.

1 Comment (Open | Close)

1 Comment To "What is the current size and value of nootropics market ?"

#1 Comment By ainsleylewis On 06/22/2017 @ 11:00 am

View – https://goo.gl/pvHKqh ^[1]

Article printed from Gardening Know How Questions & Answers: https://questions.gardeningknowhow.com

URL to article: https://questions.gardeningknowhow.com/what-is-the-current-size-and-value-of-nootropics-market/

URLs in this post:

[1] https://goo.gl/pvHKqh: https://goo.gl/pvHKqh

Have any questions about this topic? Visit us at https://questions.gardeningknowhow.com to ask your questions and get friendly answers from gardening experts.

You can also find us at:
'Like' us on Facebook: https://www.facebook.com/gardeningknowhow
Follow us on Twitter: https://twitter.com/gardenknowhow - @gardenknowhow
Follow us on Pinterest: https://pinterest.com/gardenknowhow/