June 18, 2024
Phosphatidylserine Market

The Global Phosphatidylserine Market is driven by growing geriatric population

Phosphatidylserine is a phospholipid that plays an important role in brain and nerve cell function and communication. As an ingredient in supplements, it is seen to help with memory, concentration, and mood. Its increasing demand can be attributed to growing health awareness among people regarding cognitive health as they age. Phosphatidylserine supplements are commonly used to promote brain health and fight mental decline associated with aging. The global Phosphatidylserine market is estimated to be valued at US$ 2.62 in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One key trend in the Phosphatidylserine market is the growing preference for vegetarian and vegan supplements. With more people adopting plant-based lifestyles, there is an increasing demand for supplements derived from plants like soybean instead of animal sources like fish and bovine. Leading supplement brands have launched vegetarian phosphatidylserine products to cater to this consumer segment. Another trend is the launch of phosphatidylserine supplements targeting specific age groups and conditions. For example, specialized formulations targeting memory improvement in the elderly or stress and anxiety reduction in young adults. These targeted products allow consumers to choose supplements tailored to their unique needs.

Porter’s Analysis
Threat of new entrants: Phosphatidylserine market has moderate threat as the market requires expertise and capital to build product capabilities and infrastructure for distribution.

Bargaining power of buyers: Buyers have moderate bargaining power given the availability of substitutes and supplier power.

Bargaining power of suppliers: Suppliers of PS have moderate bargaining power due to specialized raw material requirement and differentiation by suppliers.

Threat of new substitutes: Substitutes like omega-3 fatty acids pose low threat given clinical evidence on effectiveness of PS for cognitive health.

Competitive rivalry: Competition is expected to intensify with innovative products addressing unmet needs in mental health.

Key Takeaways
The Global Phosphatidylserine Market Demand is expected to witness high growth.

Regional analysis: The Asia Pacific region is expected to witness fastest growth in the Phosphatidylserine market led by rising geriatric population, increasing health awareness and disposable incomes in countries like China and India. North America currently dominates the market due to high consumer awareness and spending on brain health supplements.

Key players operating in the Phosphatidylserine market are Group PLC, Sodexo S.A., Aramark Corporation, and Elior Group. Group PLC leads the market with diverse product portfolio addressing cognitive health needs across generations. Sodexo S.A focuses on clinical research to demonstrate efficacy of PS for neurological disorders.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it