Global Phosphatidylserine Market Is Estimated To Witness High Growth Owing To Increasing Demand for Brain Health Supplements

The global phosphatidylserine market is estimated to be valued at US$ 1.89 Bn in 2020 and is expected to exhibit a CAGR of 6.3% over the forecast period 2021-2028, as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:
Phosphatidylserine is a phospholipid that is found in high concentrations in the brain. It plays a crucial role in various brain functions such as memory, cognition, and mood. Phosphatidylserine supplements are widely used to enhance brain health and cognitive performance. These supplements are gaining popularity among the elderly population as well as students and athletes who want to boost their mental abilities. The market for phosphatidylserine is driven by the increasing awareness about brain health and the growing demand for natural and safe supplements.

B) Market Dynamics:
1. Driver: Increasing demand for brain health supplements
The rise in cases of neurological disorders, such as Alzheimer’s disease and Parkinson’s disease, has led to an increased focus on brain health. Consumers are becoming more aware of the benefits of phosphatidylserine supplements in improving cognitive function and reducing the risk of age-related cognitive decline. The growing aging population and the increasing prevalence of lifestyle diseases are further fueling the demand for brain health supplements.

2. Opportunity: Growing demand for natural and safe supplements
Consumers are becoming more conscious of the ingredients used in the products they consume. There is a growing preference for natural and safe supplements that have minimal side effects. Phosphatidylserine supplements derived from natural sources, such as soy or sunflower, are gaining popularity among health-conscious individuals. This presents a significant opportunity for market players to develop and market natural phosphatidylserine supplements.

C) Segment Analysis:
The global Phosphatidylserine Market can be segmented based on source, application, and region. By source, the market can be divided into soy-based phosphatidylserine and sunflower-based phosphatidylserine. Among these, soy-based phosphatidylserine dominates the market due to its cost-effectiveness and widespread availability.

D) PEST Analysis:
Political: The regulatory environment and government policies regarding dietary supplements can have an impact on the market. Stringent regulations on health claims and product labeling may affect the marketing and sales of phosphatidylserine supplements.

Economic: The economic conditions and disposable income of consumers play a crucial role in the demand for phosphatidylserine supplements. A favorable economic environment and rising disposable income can lead to increased spending on health and wellness products.

Social: Increasing awareness about brain health and the benefits of phosphatidylserine supplements among the population is driving market growth. The growing aging population and the desire to maintain cognitive abilities are also contributing to the demand for phosphatidylserine supplements.

Technological: Technological advancements in extraction and purification techniques are improving the quality of phosphatidylserine supplements. This, in turn, is increasing their efficacy and boosting market growth.

E) Key Takeaways:
– The global phosphatidylserine market is expected to witness high growth, exhibiting a CAGR of 6.3% over the forecast period, due to increasing demand for brain health supplements.
– Asia Pacific is expected to be the fastest-growing and dominating region in the phosphatidylserine market. The region has a large elderly population and increasing disposable income, driving the demand for brain health supplements.
– Key players operating in the global phosphatidylserine market include Solgar Inc., Nature’s Way Products Llc., Wuhan Demekai biotechnology Co. Ltd., Jarrow Formulas Inc, Lipoid GmbH, Lipogen Products Ltd., Double Wood LLC., Xi’an Sino Herb Bio-Technology Co. Ltd., Xian Natural Field Bio-Technique Co. Ltd., N J Chsoyue Pharm Co. Ltd., Swanson Health Products Inc., ECA Healthcare Inc., and IvoVital GmbH. These players are focusing on product innovation and strategic partnerships to expand their market presence.