Phosphatidylserine Market to Surpass US$ 3.09 Billion by 2028
The global phosphatidylserine market was valued at US$ 1.89 Billion in 2020, according to the Global Phosphatidylserine Market Report, 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), published by Coherent Market Insights.
The global phosphatidylserine market is expected to surpass US$ 3.09 billion by 2028, exhibiting a CAGR of 6.3% during the forecast period (2021-2028). Increasing demand for functional food is expected to drive the global phosphatidylserine market growth. Moreover, growing demand for functional food and increasing awareness about dietary supplements are increasing the adoption of phosphatidylserine, which in turn is expected to drive the market growth.
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https://www.coherentmarketinsights.com/market-insight/phosphatidylserine-market-5014
Browse 25 market data tables* and 20 figures* on "Global Phosphatidylserine Market” - Forecast to 2028.
Key Trends and Analysis of the Global Phosphatidylserine Market:
- Among regions, North America held a 23.45% market share of the global phosphatidylserine market in 2020. Rapidly growing consumption of processed food along with rising awareness regarding health and fitness in the U.S. and Canada are major driving factors for North America phosphatidylserine market. The region is characterized by growing food safety concerns among consumers and influencing consumer behavior, subsequently driving the growth.
- Various laboratories during research and development use phosphatidylserine as one of the indicators for programmed cell death. The market for phosphatidylserine is developing and is increased in the demand as dietary supplements among health-conscious consumers. With wide health benefits and applications, the market for phosphatidylserine is expected to have healthy growth globally.
Key Takeaways of the Market:
- Among Nature type, Organic Nature type segment held highest market share of 65% in the global phosphatidylserine market. Organic nature type phosphatidylserine serves as a pro-coagulant surface during the process of clotting and so plays an important role in process of blood coagulation. Phosphatidylserine is a therapeutic agent in preventing and treating cutaneous aging as it has anti-skin aging properties. It also protects the skin from the effects of ultraviolet radiation.
- 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.
Global Phosphatidylserine Market - Impact of Coronavirus (Covid-19) Pandemic
- The global economy is affected by the coronavirus pandemic, as governments across the globe imposed lockdown measures to curb the movement of people due to which industrial activities halted and international travel was ceased. These measures are having a significant impact on almost all industrial sectors. Factories and manufacturing facilities have faced supply chain breakdowns and labor shortages. Many countries across the globe resorted to lockdown to flatten the curve of the Covid-19 infection.
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