Phosphatidylserine Utilization Analysis Market size is estimated to reach $119 Million by 2025, growing at a CAGR of 5.1% during the forecast period 2020-2025. Phosphatidylserine is a glycerophospholipid, a phospholipid dependent on glycerols. Phosphatidylserine consists of two Fatty acids that are bound to a glycerol molecule through a phosphodiester relation at the third carbon position of glycerol. Increase in the applications of phosphatidylserine, an increase in the demand of phosphatidylserine in the food industry and the pharmaceutical industry, is likely to drive growth. Besides, an increase in the research and development activities and an increase in the disposable income of individuals are the factors that are set to drive the growth of the global market for the forecast period 2020-2025.
Phosphatidylserine Utilization Analysis Market Segment Analysis – By Source
Based on the Source, the plant-based segment held the largest share in 2019. The reason is owing to the numerous concerns of the bovine spongiform encephalopathy causing a serious condition, consumers turned away from phosphatidylserine derived from the cow’s brain. This switch triggered the market equation to shift and manufacturers started using raw materials that were not of animal origin. Consumers of dietary supplements, nutraceutical, and cosmetic products are opting the products that strictly contain the plant-derived ingredients. This preference for plant-based products is likely to increase in the health consciousness among individuals.
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Phosphatidylserine Utilization Analysis Market Segment Analysis – By End User
Based on the End User, Functional Foods segment held the largest share in 2019. This is owing to the factors such as an increase in the investment by the major companies, increase in the health consciousness among individuals, increase in the demand of phosphatidylserine in functional foods, increase in the disposable income of individuals and increase in the healthier product launches based on the needs of the customer.
Phosphatidylserine Utilization Analysis Market Segment Analysis – By Geography
Based on Geography, North America held the largest share in 2019. The applications of phosphatidylserine have grown rapidly in the developed nations owing to increased consumption of dietary supplements and functional foods by health-conscious customers. The demand of dietary supplements has increased significantly among urban adults to deal with psychological stress owing to the sedentary lifestyles. Asia-Pacific is estimated to be the fastest-growing segment owing to the factors such as an increase in the health consciousness among individuals, increase in the consumption of phosphatidylserine in the developing nations, increase in the demand for functional foods and increase in the disposable income of individuals.
Phosphatidylserine Utilization Analysis Market Drivers
Health benefits in the utilization of phosphatidylserine
Phosphatidylserine is estimated to have a significant share in treating brain diseases as is essential for a healthy brain. Based on its various health benefits, the manufacturers in the market of phosphatidylserine are out with more innovative products, which have various applications in the pharmaceutical industry and dietary supplements.
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Phosphatidylserine Utilization Analysis Market Challenges
Complex production process and limited use
The highly complex production process and limited use are the major factors, which are estimated to reduce the growth of the phosphatidylserine market. Besides, key players in the market of phosphatidylserine supplements are offering products that are gluten-free, salt-free, sugar-free, starch-free and fish-free to attract the health-conscious customers.
Phosphatidylserine Utilization Analysis Industry Outlook
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Phosphatidylserine Utilization Analysis Market. Key companies of this market are Nature’s Way Products Llc, Wuhan Demekai biotechnology Co ltd, Jarrow Formulas Inc, Lipoid Gmbh, Lipogen Products Ltd, Double Wood Llc, N J Chsoyue Pharm Co Ltd., Swanson Health Products Inc, ECA Healthcare Inc, IvoVital Gmbh among others.
In 2015, Jarrow Formulas Inc has launched PS-PA Synergy, which is proprietary phosphatidylserine and phosphatidic acid complex to improve the stress response under psychological conditions.
In 2016, Lipogen Products Ltd has entered into an agreement with Xenesta for marketing Lipogen PSPA, which is a high quality, vegan-friendly blend of phosphatidylserine and phosphatidic acid.
Geographically, North America Phosphatidylserine Utilization Analysis Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025.
The increase in the demand of dietary supplements among health-conscious consumers coupled with wide health benefits and applications is likely to aid in the market growth of Phosphatidylserine Utilization Analysis Market.
Increase in the consumption of functional foods by health-conscious customers coupled with rising demand from the cosmetic industry is the key factors owing to the growth in the market during the forecast period 2020-2025.
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