Market Trends of Phospholipids Industry
This section covers the major market trends shaping the Phospholipids Market according to our research experts:
Increasing utilization in nutrients and supplements
The demand for phospholipids is increasing in the nutraceutical industry owing to the rising consumption of nutritional supplements among global consumers. Phosphatidylserine is majorly used in brain health supplements as it helps to boost cognitive function. Moreover, recent studies indicate that the consumption of phosphatidylserine supplements might act beneficial to children with attention deficit hyperactivity disorder and the young population suffering from anxiety and stress. In addition, Phosphatidylserine is widely utilized in sports nutrition products owing to its health benefits such as improving sports performance, speeding up recovery, and preventing muscle soreness. Similarly, Phosphatidylcholine is widely used in infant formula as it is enriched with docosahexaenoic acid and arachidonic acid which is essential for infant growth. Thereby, the increasing demand for phospholipid-based nutritional supplements among the population is further boosting the growth of the phospholipids ingredients market.
Asia-Pacific is the Fastest Growing Region
The Asia-Pacific region is anticipated to be the fastest-growing region for the phospholipids market due to its increasing demand in various application industries. China holds the largest share in the phospholipid market owing to its high demand in food and beverage manufacturing. Further, the abundant availability of raw materials such as soy, sunflower, egg, rapeseed, and milk is encouraging the small-scale players to produce naturally sourced ingredients for food and nutraceutical formulation. India has witnessed a higher adoption rate of phospholipid-based nutritional and health supplements due to its health benefits including the absorption of omega-3 fatty acids, which in turn, drives the demand for phospholipids.
Moreover, the manufacturers are engaged in formulating innovative phospholipids to cater to emerging end-use segments such as functional food products. For instance, in November 2020, Fonterra launched a new range of milk phospholipids including NZMP milk phospholipids for functional food & beverages to manage the effect of stress. Subsequently, the growing young population coupled with raising health consciousness has driven consumers to look up better alternatives such as food supplements. As a result, it strengthens the market value of phospholipids in the Asia-Pacific region. Additionally, the ongoing expansion of the pharmaceutical industry is anticipated to offer lucrative opportunities for phospholipid suppliers in the coming years.
