Global Phosphatidylserine Market Is Estimated To Witness High Growth Owing To Increasing Demand for Cognitive 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 plays a vital role in maintaining cell structure and function, particularly in the brain. It is naturally present in small amounts in certain foods, but it is also available as a dietary supplement. Phosphatidylserine supplements are known for their cognitive health benefits, including enhancing memory, improving focus and concentration, and reducing mental stress and fatigue. The increasing focus on cognitive health and the rise in demand for brain-boosting supplements are driving the growth of the global phosphatidylserine market.

B) Market Key Trends:

One key trend in the phosphatidylserine market is the growing popularity of nootropic supplements. Nootropics, also known as smart drugs or cognitive enhancers, are substances that enhance cognitive functions such as memory, creativity, and motivation. Phosphatidylserine is a key ingredient in many nootropic formulations due to its proven benefits in improving memory and cognitive performance. Additionally, the rising awareness about mental health and the desire for cognitive enhancement among professionals, students, and the elderly population are contributing to the increasing demand for nootropic supplements containing phosphatidylserine.

For example, Solgar Inc., a leading nutritional supplement manufacturer, offers a cognitive support formula called "Solgar Phosphatidylserine Complex," which combines phosphatidylserine with other brain-boosting nutrients like Ginkgo Biloba. This product is specifically designed to support brain health and improve cognitive function.

C) PEST Analysis:

- Political: There are no significant political factors that directly impact the phosphatidylserine market. However, regulations and policies related to dietary supplements vary from country to country and can affect the market's growth and distribution.

- Economic: The growing disposable income and increasing healthcare expenditure in developing economies are driving the demand for dietary supplements, including phosphatidylserine.

- Social: The rising awareness about mental health and the desire for cognitive enhancement are key social factors driving the growth of the phosphatidylserine market.

- Technological: Technological advancements in formulation and encapsulation techniques have led to the development of more effective and bioavailable phosphatidylserine supplements, further fueling market growth.

D) 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 cognitive health supplements.

- North America is the fastest-growing and dominating region in the phosphatidylserine market, driven by the rising popularity of nootropic supplements and the growing aging population.

- 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.

In conclusion, the global phosphatidylserine market is driven by the increasing demand for cognitive health supplements and the growing popularity of nootropic formulations. Technological advancements and favorable economic conditions further contribute to market growth. North America leads the market due to the high adoption of brain-boosting supplements. Key players in the market are focused on developing innovative products to cater to the rising demand for cognitive enhancement solutions.