Phosphatidylserine Growth Accelerated by increasing demand from Nutraceutical Industry

Author : Purvaja Jadhao | Published On : 24 Jan 2024

Phosphatidylserine (PS) is a phospholipid component of nerve cell membranes that acts as a precursor to phospholipids and helps maintain cell membrane integrity. The increasing demand for phosphatidylserine supplements from the growing nutraceutical industry has propelled the global PS market. PS is now commonly used as a dietary supplement to improve brain function in older adults. The global Phosphatidylserine Market is estimated to be valued at US$ 2.62 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing demand from the nutraceutical industry has accelerated the growth of the PS market. PS has been widely marketed as an ingredient for various nutraceutical products, especially cognitive health supplements. Manufacturers claim PS can improve memory and mental performance by enhancing communication between brain cells. As people are living longer, boosting brain health and fighting age-related cognitive decline has become a priority. This has resulted in the rising popularity of PS supplements and is considered a major market trend. The clinical studies demonstrating the benefits of PS in improving learning, memory, mood and behavior have further increased consumer confidence in these supplements.

Segment Analysis
The global Phosphatidylserine market is segmented based on source, type, application, and geography. By source, the soy segment dominated the market in 2020 as soybean is the most widely available and cheapest source of phosphatidylserine. By type, the capsule segment accounted for the largest revenue share in 2020 as capsules offer convenience of consumption and accurate dosing. The supplements segment dominated the application landscape in 2020 due to increasing health awareness among consumers and growing prevalence of mental disorders.

Key Takeaways
The Global Phosphatidylserine Market Demand is expected to witness high growth during the forecast period.

Regional analysis shows that North America dominated the market in 2020 and is expected to continue its dominance through 2024. This can be attributed to growing geriatric population and increasing health awareness in the region.

Key players operating in the Phosphatidylserine market are Chemi Nutra, Lipoid, Lonza, Novastell, and BHN. Lipoid dominated the phosphatidylserine market in 2020 owing to its wide product portfolio and strong distribution network across various countries.

For more insights, Read- https://www.insightprobing.com/phosphatidylserine-market-growth-demand-and-overview/

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