Middle East & Africa Nootropics Market Size & Outlook
Middle East & Africa nootropics market, 2018-2030 (US$M)
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MEA nootropics market highlights
- The MEA nootropics market generated a revenue of USD 105.9 million in 2021.
- The market is expected to grow at a CAGR of 14.1% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 105.9 million |
| Market revenue in 2030 | USD 347.3 million |
| Growth rate | 14.1% (CAGR from 2021 to 2030) |
| Largest segment | Capsules/tablets |
| Fastest growing segment | Drinks |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, MEA region accounted for 3.2% of the global nootropics market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,460.0 million by 2030.
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Nootropics Market Scope
Nootropics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 54.39% in 2021. Horizon Databook has segmented the Middle East & Africa nootropics market based on capsules/tablets, powder, drinks covering the revenue growth of each sub-segment from 2018 to 2030.
A large population in the Middle East and Africa (MEA) prefers to consume herbal medicine. Multi-herb supplements are gaining significant popularity among the consumers of this region. These supplements have a combination of beneficial herbs that boost mental well-being.
Furthermore, the rising demand for herbal alternatives is projected to grow the market for herbal extract-derived products in the upcoming years.
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Target buyers of Middle East & Africa nootropics market databook
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Our clientele includes a mix of nootropics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa nootropics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa nootropics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA nootropics market size, by country, 2018-2030 (US$M)
Middle East & Africa Nootropics Market Outlook Share, 2021 & 2030 (US$M)
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