Brazil Nootropics Market Size & Outlook, 2021-2030
Brazil nootropics market, 2018-2030 (US$M)
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Brazil nootropics market highlights
- The Brazil nootropics market generated a revenue of USD 96.1 million in 2021 and is expected to reach USD 313.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 14% from 2022 to 2030.
- In terms of segment, capsules/tablets was the largest revenue generating form in 2021.
- Drinks is the most lucrative form segment registering the fastest growth during the forecast period.
Nootropics market data book summary
| Market revenue in 2021 | USD 96.1 million |
| Market revenue in 2030 | USD 313.5 million |
| Growth rate | 14% (CAGR from 2021 to 2030) |
| Largest segment | Capsules/tablets |
| Fastest growing segment | Drinks |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Capsules/Tablets, Powder, Drinks |
| Key market players worldwide | Reckitt Benckiser Group PLC, Mental Mojo, Noocube, Mind Lab, truBrain, Nooflux, Zhou Nutrition, Kimera Koffee |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.9% of the global nootropics market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil nootropics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 313.5 million by 2030.
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Nootropics Market Scope
Nootropics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil nootropics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nootropics market will help companies and investors design strategic landscapes.
Capsules/tablets was the largest segment with a revenue share of 52.86% in 2021. Horizon Databook has segmented the Brazil nootropics market based on capsules/tablets, powder, drinks covering the revenue growth of each sub-segment from 2018 to 2030.
Natural molecules and herbal extracts are the most popular types of nootropics in the country. Brazil nuts, which contain selenium, are useful in improving cognitive functions of brain. This ingredient has gained significant popularity among the aging population facing cognitive decline.
Furthermore, companies in the region are partnering with wellness health solution providers to launch their innovative products.
In September 2021, Givaudan, a Brazilian company, made a significant entrance into the nootropic market by launching a new product featuring a blend of five key elements: guarana, ginger, green tea, gotu kola, ginkgo, and green coffee.
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Our clientele includes a mix of nootropics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil nootropics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil nootropics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil nootropics market size, by form, 2018-2030 (US$M)
Brazil Nootropics Market Outlook Share, 2021 & 2030 (US$M)
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