by 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. Phosphatidylserine is a type of phospholipid found in foods like beef, soy beans, and fish that is marketed as cognitive-enhancing supplement, primarily for its potential to improve brain function and mental performance in healthy older adults. Studies suggest that phosphatidylserine supplementation may improve symptoms of dementia and cognitive impairment. The products find wide applications in dietary supplements, functional foods, and pharmaceuticals owing to their neuroprotective qualities.
Market key trends:
The rising demand for brain health supplements among geriatric population is expected to be a major driver for the phosphatidylserine market over the forecast period. As per estimates, by 2050, around 1.5 billion people globally are projected to be aged 65 years and above. Growing awareness about age-related cognitive decline and memory loss has boosted the consumption of cognitive-enhancing supplements containing phosphatidylserine amongst the aged population worldwide. With extended life expectancy and increase in Alzheimer’s and dementia rates, the demand for supplements containing phosphatidylserine for their brain-boosting properties is anticipated to surge significantly during the forecast period.
SWOT Analysis
Strength: Phosphatidylserine is a key component of brain cell membranes and has been shown to support brain health and cognitive function. It plays important role in memory and learning.
Weakness: High prices of phosphatidylserine supplements can limit the demand from consumers. Availability issues and inconsistent supply from natural sources is also a weakness.
Opportunity: Growing aging population worldwide and rising health awareness driving the demand for cognitive supplements provides business opportunities. There is a scope to launch new products targeting different consumer segments.
Threats: Stringent regulations associated with food supplements. Intense competition from other memory enhancing and brain health supporting ingredients can threaten business growth.
Key Takeaways
The Global Phosphatidylserine Market Demand is expected to witness high growth.
North America is currently the dominating region in the global market due to significant adoption of health supplements. The high disposable income levels in countries like the U.S. and Canada allow consumers to spend more on premium supplements.
Key players like Group PLC, Sodexo S.A., Aramark Corporation, and Elior Group are operating in the phosphatidylserine market. Phosphatidylserine helps maintain cell membrane integrity and function in the brain. It plays a role in cognitive processes like learning and memory. The rising cases of dementia worldwide have boosted the demand for cognitive boosting supplements containing phosphatidylserine.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
