The Phosphatidylserine market is expected showcase significant growth on account rising demand for cognitive supplements among elderly population. Phosphatidylserine is a phospholipid that makes up cell membranes in the brain. It plays an important role in memory function, learning, concentration and mood balance. Phosphatidylserine supplements are widely used to boost brain health and alleviate symptoms of cognitive decline. The Global Phosphatidylserine Market is estimated to be valued at US$ 1652.9 Mn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031 Key Takeaways Key players operating in the Phosphatidylserine market are LG Electronics Inc., Datacolor, EIZO Corporation, NEC Display Solutions (NEC Corporation), Portrait Displays, Inc., QUBYX Software Technologies Ltd., General Digital Corporation, X-Rite, Incorporated, and Light Illusion Ltd. The growing aging population plagued with health issues like dementia and Alzheimer’s is driving strong demand for cognitive supplements containing phosphatidylserine. North America represents the largest market for phosphatidylserine due to increasing cognizance about brain health supplements. Key players are expanding their manufacturing footprint and distribution networks globally especially in Asia Pacific and Europe to tap lucrative growth opportunities. Market Key Trends Increasing prevalence of lifestyle diseases such as obesity, diabetes etc. which negatively impact brain health is a key trend fueling the need for cognitive supplements. Phosphatidylserine Market Growth supplements are widely marketed for their role in mitigating risk factors for neurodegenerative disorders. Evolving consumer preferences towards natural ingredients based supplements as opposed to synthetic drugs is another prominent trend in the market. Players are investing in clinical trials to further validate claims of phosphatidylserine in managing cognitive decline. This would help in global expansion and boost commercialization prospects over the forecast period.
Porter’s Analysis Threat of new entrants: The threat for new entrants is low as the market has large capital requirements and technical expertise is required. Bargaining power of buyers: The bargaining power of buyers is moderate as there are many established players in the market providing varied choices to buyers. Bargaining power of suppliers: The bargaining power of suppliers is low as there are many suppliers for raw materials required for phosphatidylserine. Threat of new substitutes: The threat of new substitutes is moderate as Phosphatidylserine Market Size and Trends has very niche applications with limited substitutes available currently. Competitive rivalry: The competitive rivalry is high among existing players to gain more market share. Geographical Regions North America holds the largest share of the global market in terms of value owing to high demand and consumption of phosphatidylserine supplements. Asia Pacific region is expected to be the fastest growing market during the forecast period due to increasing health consciousness among general population coupled with rising geriatric population.
For More Insights Discover the Report In language that Resonates with you
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
A new study on the Medicinal Plant Market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the historical period 2015 – 2019.
The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues during the forecast period 2020 to 2030.
These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
Owing to the impact of COVID-19, liquid medicinal herbs are expected to grow 3X during the forecast period.Key stakeholders in the Medicinal Herbs market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
Many in recent months have overhauled their strategies to remain agile in the backdrop of worldwide disruptions caused by the COVID-19 pandemic.
Policymakers in developing and developed nations are framing new regulations to meet the continuing macrocosmic shocks by COVID-19 pandemic.
