The phosphatidylserine market comprises phosphatidylserine supplements used in nutraceuticals industry. Phosphatidylserine is a phospholipid that plays an important role in brain health and cognitive functions. It is naturally found in foods like soybeans, beef and chicken and widely used in supplements to support brain health, reduce mental fatigue and improve memory, concentration and mood.
The Global Phosphatidylserine Market is estimated to be valued at US$ 1652.9 Mn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031
Key Takeaways
Key players operating in the phosphatidylserine market are LG Electronics Inc., Datacolor, EIZO Corporation, NEC Display Solutions (NEC Corporation), Portrait Displays, Inc., QUBYX Software Technologies Ltd., General Digital Corporation, X-Rite, Incorporated, and Light Illusion Ltd. Among them, LG Electronics Inc., NEC Corporation and EIZO Corporation collectively accounted for over 35% share of the global market in 2021.
The key opportunities in the Phosphatidylserine Market Growth include rising consumer awareness about cognitive benefits of phosphatidylserine among baby boomers, investments from leading supplement brands in R&D and clinical trials to enhance their product portfolio. The players are also focused on global expansion by strengthening their distribution network across Asia Pacific and Latin American countries considering rising geriatric population and health supplements spending in these regions.
Some of the major drivers which are fueling the growth of phosphatidylserine include increasing cases of cognitive disorders like Alzheimer’s and dementia worldwide. As per estimates, around 50 million people were living with dementia globally in 2018 which is expected to triple to 152 million by 2050. With limited treatment options available currently, consumers are looking at nutritional supplements like Phosphatidylserine Market Size and Trends for cognitive support. Rising health supplement spending on brain health products to enhance memory function is also propelling the market growth.
High price of natural phosphatidylserine extracts obtained from soybean and availability of cheaper synthetic alternatives are some of the major factors limiting the adoption of natural phosphatidylserine supplements. Stringent regulatory frameworks pertaining to approval and commercialization of nutritional supplement products also act as a market restrain for small manufacturers. Lack of awareness about appropriate dosage guidelines further hinders the market growth to some extent.
Market drivers and restrain:
Market drivers:
- Increasing prevalence of cognitive disorders like Alzheimer's and dementia worldwide: According to estimates 50 million people were living with dementia globally in 2018 which is expected to triple to 152 million by 2050.
- Growing consumer awareness and spending on products supporting brain health: Consumers are looking at nutritional supplements like phosphatidylserine for cognitive support with limited treatment options available currently for cognitive disorders.
Market restrain:
- High prices of natural phosphatidylserine extracts: Natural phosphatidylserine extracts obtained from soybean and other sources are costly compared to cheaper synthetic alternatives limiting adoption.
- Stringent regulatory norms for supplement products approval: Regulatory frameworks pertaining to approval and commercialization of nutritional supplement products act as restrain for small manufacturers.
Segment Analysis
The global phosphatidylserine market is segmented into plant source and animal source. The animal source segment is currently dominating the market. This is because phosphatidylserine obtained from animal sources such as soy and bovine are considered to be more bioavailable and efficacious as compared to plant sources. The animal source segment is expected to retain its leading position over the forecast period as well.
Global Analysis
The phosphatidylserine market is expected to witness the fastest growth in the Asia Pacific region over the forecast period. This can be attributed to increasing health awareness and growing older population in major countries like China and India. The region is anticipated to emerge as the largest market with increasing demand for supplements and functional food & beverages containing phosphatidylserine.
North America currently dominates the global market and is expected to maintain its position with the significant demand from the US. Europe is also expected to present substantial growth opportunities for market players operating in the global phosphatidylserine market.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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