PHOSPHATIDYLSERINE MARKET ANALYSIS

Phosphatidylserine Market, by Nature (Organic and Conventional), By Source (Meat, Fish, and Plants), By Forms (Powder, Liquid, and Capsule), By Application (Functional Food, Medical Food, Dietary Supplements, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : May 2022
Code : CMI5014
Pages :120
Formats :
Excel and PDF
Industry : Food Ingredients

Phosphatidylserine MarketSize and Trends

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.

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.