UAE Nootropics Market Size & Outlook, 2021-2030
UAE nootropics market, 2018-2030 (US$M)
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UAE nootropics market highlights
- The UAE nootropics market generated a revenue of USD 16.8 million in 2021 and is expected to reach USD 51.8 million by 2030.
- The UAE market is expected to grow at a CAGR of 13.3% 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 16.8 million |
| Market revenue in 2030 | USD 51.8 million |
| Growth rate | 13.3% (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, UAE accounted for 0.5% 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 Middle East & Africa, UAE nootropics market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 51.8 million by 2030.
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Nootropics Market Scope
Nootropics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 57.14% in 2021. Horizon Databook has segmented the UAE nootropics market based on capsules/tablets, powder, drinks covering the revenue growth of each sub-segment from 2018 to 2030.
Mental health issues are prevalent in the UAE. According to a 2020 survey by Expatica, anxiety and depression were the two most prevalent mental health disorders in the UAE, affecting 56.4% and 31.5% of the population, respectively, with 57% of persons reporting having at least one mental health issue.
The rise in mental illness in the country, coupled with the existence of government regulations for eliminating risk and safety-related issues from herbal supplements, is anticipated to fuel the growth of the herbal extracts segment during the forecast period.
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Our clientele includes a mix of nootropics market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the UAE nootropics market , including forecasts for subscribers. This country databook contains high-level insights into UAE nootropics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE nootropics market size, by form, 2018-2030 (US$M)
UAE Nootropics Market Outlook Share, 2021 & 2030 (US$M)
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