Phosphatidylserine Growth Accelerated by increasing demand from Nutraceutical Industry

 
Phosphatidylserine Market

Phosphatidylserine (PS) is a phospholipid component of nerve cell membranes that acts as a precursor to phospholipids and helps maintain cell membrane integrity. The increasing demand for phosphatidylserine supplements from the growing nutraceutical industry has propelled the global PS market. PS is now commonly used as a dietary supplement to improve brain function in older adults. The global Phosphatidylserine Market is estimated to be valued at US$ 2.62 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
The increasing demand from the nutraceutical industry has accelerated the growth of the PS market. PS has been widely marketed as an ingredient for various nutraceutical products, especially cognitive health supplements. Manufacturers claim PS can improve memory and mental performance by enhancing communication between brain cells. As people are living longer, boosting brain health and fighting age-related cognitive decline has become a priority. This has resulted in the rising popularity of PS supplements and is considered a major market trend. The clinical studies demonstrating the benefits of PS in improving learning, memory, mood and behavior have further increased consumer confidence in these supplements.

Segment Analysis
The global Phosphatidylserine market is segmented based on source, type, application, and geography. By source, the soy segment dominated the market in 2020 as soybean is the most widely available and cheapest source of phosphatidylserine. By type, the capsule segment accounted for the largest revenue share in 2020 as capsules offer convenience of consumption and accurate dosing. The supplements segment dominated the application landscape in 2020 due to increasing health awareness among consumers and growing prevalence of mental disorders.

Key Takeaways
The Global Phosphatidylserine Market Demand is expected to witness high growth during the forecast period.

Regional analysis shows that North America dominated the market in 2020 and is expected to continue its dominance through 2024. This can be attributed to growing geriatric population and increasing health awareness in the region.

Key players operating in the Phosphatidylserine market are Chemi Nutra, Lipoid, Lonza, Novastell, and BHN. Lipoid dominated the phosphatidylserine market in 2020 owing to its wide product portfolio and strong distribution network across various countries.

For more insights, Read- https://www.insightprobing.com/phosphatidylserine-market-growth-demand-and-overview/

Comments

Post a Comment

Popular posts from this blog

The Notchback Market is Estimated To Witness High Growth Owing To Rising Demand From Emerging Economies

Image
  Notchback Market Market Overview: A notchback is a body style of cars characterized by a gently sloped rear window and greenhouse. Notchbacks provide practical interior space with good cargo capacity. They offer balanced interior volume for passengers and cargo along with sleek and stylish exterior design. The body style has advantages like no C-pillar which enhances visibility compared to sedans. Market key trends: The growth of the notchback market is attributed to rising demand from emerging economies like China, India and Brazil. These nations have growing middle-class population and increasing disposable income which is driving vehicle ownership. Moreover, notchback body style is quite popular in these developing markets due to its spacious cabin combined with stylish looks at affordable prices. Leading automakers are launching various notchback models to cater to the surging demand from developing countries, which is fueling the growth of the notchback market size during ...
Read more

The increasing demand for adhesives and sealants is anticipated to open up the new avenue for Petroleum Resins Market

Image
Petroleum Resins Market  Market Overview: Petroleum resins are amorphous thermoplastic polymers made from petroleum-based feedstock materials, through either thermal or catalytic polymerization. They are mainly used for applications such as adhesives, inks, paints, rubber compounding, and others. Different types of petroleum resins include C5 resins, C9 resins, hydrogenated hydrocarbons (HHCs), and modified and specialized petroleum resins. Among applications, adhesives and sealants hold the largest share in the petroleum resins market owing to increasing use of petroleum resins in hot melt and pressure sensitive adhesives. Market Dynamics: The increasing demand for adhesives from packaging and construction industries is a major driver for the petroleum resins market. According to statsista, the global adhesive market was valued at over US$ 53.3 billion in 2020 and is projected to reach around US$ 78 billion by 2027, growing at a CAGR of over 5.7% during the forecast period. Pe...
Read more

Global Synthetic Biology Market Analysis: Size and Share

Image
Synthetic Biology Market  Synthetic biology encompasses the design, construction, and redesigning of biological parts, devices, and systems, either non-existent in nature or reengineered from existing biological systems. The market is experiencing significant growth, driven by the increasing demand for personalized medicine and healthcare. Applications of synthetic biology span pharmaceuticals, chemical production, agriculture, environmental protection, and renewable energy. Advancements in synthetic biology contribute to the rapid manufacturing of biotherapeutics, fostering the development of personalized medicine and more cost-effective healthcare solutions. The Synthetic Biology Market is projected to be valued at US$ 31,693.59 million in 2023, with an expected CAGR of 28% during the forecast period from 2023 to 2030, according to a newly published report by Coherent Market Insights. Key Market Trends: A prominent trend in the Global Synthetic Biology Market is the escalat...
Read more