Italy Nootropics Market Size & Outlook, 2021-2030
Italy nootropics market, 2018-2030 (US$M)
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Italy nootropics market highlights
- The Italy nootropics market generated a revenue of USD 114.6 million in 2021 and is expected to reach USD 359.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 13.5% 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 114.6 million |
| Market revenue in 2030 | USD 359.3 million |
| Growth rate | 13.5% (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, Italy accounted for 3.4% 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 Europe, Germany nootropics market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 359.3 million by 2030.
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Nootropics Market Scope
Nootropics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 54.01% in 2021. Horizon Databook has segmented the Italy nootropics market based on capsules/tablets, powder, drinks covering the revenue growth of each sub-segment from 2018 to 2030.
The aging population in Italy plays a significant role in the expansion of the nootropics market. With the increasing elderly population, there is an increased focus on solutions that can support cognitive health and mitigate age-related cognitive decline.
Nootropics are being explored as potential aids in memory retention and mental sharpness among older adults facing Alzheimer's disease (AD). As a result, the market is witnessing a rise in the demand for nootropics from this demographic segment.
The nootropics market has shown exceptional penetration in Italy on account of increasing consumer awareness regarding the benefits of these supplements.
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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 Italy nootropics market , including forecasts for subscribers. This country databook contains high-level insights into Italy nootropics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy nootropics market size, by form, 2018-2030 (US$M)
Italy Nootropics Market Outlook Share, 2021 & 2030 (US$M)
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