Canada Nootropics Market Size & Outlook, 2021-2030
Canada nootropics market, 2018-2030 (US$M)
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Canada nootropics market highlights
- The Canada nootropics market generated a revenue of USD 97.1 million in 2021 and is expected to reach USD 296.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 13.2% 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 97.1 million |
| Market revenue in 2030 | USD 296.0 million |
| Growth rate | 13.2% (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, Canada 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 North America, U.S. nootropics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,698.6 million by 2030.
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Nootropics Market Scope
Nootropics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 51.91% in 2021. Horizon Databook has segmented the Canada nootropics market based on capsules/tablets, powder, drinks covering the revenue growth of each sub-segment from 2018 to 2030.
Hectic lifestyles, brain health-related ailments, and wellness awareness are boosting the market for nootropics in Canada. Nootropics in Canada is expanding significantly, allowing consumers to access a wide variety of products from both domestic and international suppliers.
Online platforms also provide a convenient way for consumers to research different products, compare reviews, and make informed purchasing decisions. Nootropics can also be used to diagnose and treat different types of sleep disorders, including insomnia, narcolepsy, and sleep apnea.
These sleeping disorders negatively impact human health and can lead to severe medical conditions such as high blood pressure, stroke, arthritis, and diabetes. Many companies are launching nootropic products to cater to the market for sleep and wellness.
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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 Canada nootropics market , including forecasts for subscribers. This country databook contains high-level insights into Canada nootropics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada nootropics market size, by form, 2018-2030 (US$M)
Canada Nootropics Market Outlook Share, 2021 & 2030 (US$M)
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