PHOSPHATIDYLSERINE MARKET ANALYSIS

Phosphatidylserine is a neutral oil and fatty acid produced in low purity that has an off-flavor to it. Phosphatidylserine is purified by using various purification processes such as ultrafiltration, supercritical CO2 extraction, and solvent extraction. After the purification, phosphatidylserine is utilized in the functional food segment, nutraceuticals, dietary supplements, and other industries.

The global phosphatidylserine market was valued at US$ 1.89  Bn in 2020 and is expected to reach US$ 3.09 Bn by 2028, exhibiting a CAGR of 6.3% during the forecast period.

Drivers:

Growing demand for nutritional and fortifying food additives is expected to boost the global phosphatidylserine market during the forecast period. Food and beverage manufacturers are deploying fortification of nutritional additives such as omega-3 fatty acids, fibers, vitamins, minerals, and others in their product offerings. The major motive of incorporating the aforementioned additives in the food and beverage industry is to increase the nutritional content of food items. Phosphatidylserine is in demand for its benefits in cognitive health. It has applications in the food industry and the pharmaceutical industry. In the pharmaceutical industry, phosphatidylserine is used for treating dementia, hyperactivity, and other brain-related disorders such as Alzheimer's. Thus, the aforementioned factors are expected to boost the demand for phosphatidylserine during the forecast period.

Figure 1. Global Phosphatidylserine Market Revenue Share (%), By Region, 2020

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Among regions, Asia Pacific held a dominant position in the global phosphatidylserine market in 2020, accounting for 39.8% market share in terms of revenue, followed by North America and Europe. Introduction of e-commerce portals, including Flipkart, Ali-Baba, and presence of a well-established retail network in China, India, Japan, and other ASEAN are boosting the demand for dietary supplements, functional foods, medical foods, which in turn increasing the consumption of phosphatidylserine. Thus, the aforementioned factors are expected to have a favorable impact on the Asia Pacific phosphatidylserine market growth.

Market Restraints

Low adoption rate of dietary supplements and functional foods in many emerging economies and increased use of counterfeit products are major factors hindering growth of the global phosphatidylserine market. Moreover, the lack of universal directives pertaining to manufacturing & applications of phosphatidylserine is expected to restrain the market growth during the forecast period. Every country has different directives for manufacturing and applications of phosphatidylserine, which in turn discourages investment in industry, thereby restraining the market growth.

Market Trends

Consumers of dietary supplements, functional foods, nutraceuticals, and cosmetic products are opting for products that strictly contain plant-derived ingredients. This preference for plant-based products is due to increasing concerns towards health issues, as well as increasing awareness about animal rights and animal welfare. Phosphatidylserine finds applications in these products. It is perspicuous that the global market of phosphatidylserine experienced more demand for plant-derived phosphatidylserine than animal-derived phosphatidylserine.

Moreover, companies operating in phosphatidylserine are focusing on adopting aggressive marketing strategies such as expansion, new product launches, joint ventures, strategic alliances and merger & acquisition to expand its market footprints along with enhancing customer base through developing new distribution channels is expected to drive growth of the global phosphatidylserine market during the forecast period.

Figure 2. Global Phosphatidylserine Market Revenue Share (%), By Application, 2020

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Among application, functional food application segment held the highest market share in the global phosphatidylserine market in 2020 and is expected to keep its dominance during the forecast period. The demand for functional food is increasing in foods and beverages industry. As functional food offers number of health benefits such as improving joint health, weight loss, bone and muscle strength, etc. The functional food products can also reduce the risk of cardiovascular diseases and type 2 diabetes by enhancing digestion. They also aid in decreasing wrinkles.  Functional foods promote optimal health by reducing the risk of non-communicable diseases, boosting metabolism, improving nutrition absorption, aiding better digestion, and helping lose weight. Thus, growing consumption of functional food is expected to boost the demand for phosphatidylserine during the forecast period.

Global Phosphatidylserine Market - Impact of Coronavirus (Covid-19) Pandemic

The Covid-19 pandemic had a limited impact on the phosphatidylserine market. Limited economic impacts were observed in the phosphatidylserine industry due to agility of producers, supply chain contributors, and retailers; but also to the rapid and broad response by governments. According to OECD (Organization for Economic Co-operation and Development), In 2020, close to 800 measures were undertaken by the governments in 54 developed and emerging countries aimed to avoid aggravating disruptions, provide relief to affected producers and consumers, or bolster the recovery of affected production activities.

The global economy is affected by coronavirus pandemic, as governments across the globe imposed lockdown measures to curb the movement of people. Various governments across the globe have opted for lockdowns due to which industrial activities halted and international travel was ceased. These measures are having a significant toll on almost all industrial sectors. Factories and manufacturing facilities have faced supply chain breakdowns and labor shortages.

Global Phosphatidylserine Market Key Players

Key players operating in the global Phosphatidylserine market include Solgar Inc., Nature’s Way Products Llc., Wuhan Demekai biotechnology Co. ltd., Jarrow Formulas Inc, Lipoid Gmbh, Lipogen Products Ltd., Double Wood Llc., Xi’an Sino Herb Bio-Technology Co. Ltd., Xian Natural Field Bio- Technique Co. Ltd., N J Chsoyue Pharm Co. Ltd., Swanson Health Products Inc., ECA Healthcare Inc., and IvoVital Gmbh