Due to rising demand for functional foods and dietary supplements, the phosphatidylserine market is anticipated to expand further in North America and Europe.
The phosphatidylserine market is expected to grow more into North America and European regions due to increasing demands for functional foods and dietary supplements. According to Future Market Insights, the phosphatidylserine market stands at a market value of USD 169.5 Mn in 2022 and is expected to grow at a CAGR of 5.1% to USD 232.5 Mn by 2032.
The expansion of the phosphatidylserine market is being hampered by a very complex production process and restricted utilisation. However, as people become more health-conscious, eating healthy is becoming more popular in Western countries like the United States, Canada, the United Kingdom, Germany, and others. To stay fit and healthy, people use dietary supplements. Phosphatidylserine supplements have a number of health advantages.
Furthermore, to appeal to health-conscious consumers, leading players in the phosphatidylserine supplement market are producing products that are gluten-free, salt-free, sugar-free, starch-free, and fish-free, among other things. Over the projected period of 2022-2032, the phosphatidylserine market is expected to grow at a healthy rate.
The GRAS certification provided by the US Food and Drug Administration is one of the supportive factors for the increased use of phosphatidylserine in dietary supplements as well as expanded employment of phosphatidylserine in other industries. Manufacturers have been urged to include phosphatidylserine into new goods as a result of the funding.
In addition, the FDA authorized phosphatidylserine’s health claim for improving memory and cognitive impairment in 2003. Phosphatidylserine has been introduced into medicinal foods as a result of this permission, particularly for memory-related diseases like Alzheimer’s disease and dementia.
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Key Takeaways from Market Study
“Phosphatidylserine is thought to play a crucial role in the treatment of brain illnesses because it is vital overall good brain health. Phosphatidylserine producers are coming out with more creative products based on its many health benefits, which have a variety of applications in the pharmaceutical business and nutritional supplements.” says a Future Market Insights analyst.
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Competitive Landscape
Players in the Phosphatidylserine Market use a variety of methods, including product launches, mergers and acquisitions, joint ventures, and geographic expansion. These manufacturers also participate in various exhibitions and events across the globe to increase the awareness of their products.
Some of the leading companies offering phosphatidylserine are Lonza AG, Enzymotec Ltd, Lipogen Products Ltd., Doosan Corporation, Novastell, Nagase ChemteX Corporation, Bontac Bio-engineering (Shenzhen) Co. Ltd., ECA Healthcare, Inc., Lipoid GmbH, and Chemi Nutra LLC.
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Global Phosphatidylserine Market: Segmentation
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Dec 27, 2022