Fact.MR provides dynamic insights on the Citicoline Market in its published report, titled “Citicoline Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2028”. The global Citicoline market is estimated to enlarge at a CAGR of 8.5% by value over the forecast period, owing to several factors, about which Fact.MR offers thorough insights and forecasts in this report.
Citicoline is an ingredient in brain supplements which is also stated as organic molecule called cytidine diphosphate choline, or CDP-choline, cytidine 5’-diphosphocholine. CDP-choline is a nucleotide composed of choline, pyrophosphate, ribose, and cytosine & present in every cell of the human body. According to researchers, citicoline is mainly used for treating Alzheimer’s disease and some other diseases dementia, Parkinson’s disease, stroke, trauma, glaucoma, attention deficit-hyperactive disorder (ADHD), and memory loss. Citicoline also comprises therapeutic effects to cure cerebral ischemic stroke at different stages.
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Accumulative cost of healthcare is urging consumers to opt for health supplements, as these provide well-being benefits such as the strengthening of the immune system, protection against cognitive diseases and other benefits. Moreover, the family income coupled with spending on complementary approaches went up and promoted sales in the various market. The societal changes and health trends lead to the rise in demand for different health products. The use of alternative medicines and supplements continues to increase across the world. The need for self-care products by an aging population is growing significantly. The demand of citicoline and other brain health supplements is more from the elderly population (65 and older) compared to the younger consumers.
In the report, Fact.MR recommends that, the customers demand for health beneficial products including the brain supplements products which is expected to grow over the period of forecast. In developed market people are aware towards the usage or consumption of nootropic drugs which is the prominent growth factor for the citicoline market. The consumer inclination towards the healthy lifestyle and acceptance of well-being product coupled with the demand for brain health supplements is likely to provide more opportunities in the emerging market. The rise in per-capita health expenditure & out-of-pocket expenditure also plays the vital role for the growth of the citicoline market in the forecast period.
Economic growth in mature as well developing economies coupled with the investment on extensive research and development works to diversify nutritional benefits of supplements will considered as the macroeconomic growth factors for global citicoline market. The rise in out-of-pocket income and aspiring values of individual mainly younger population triggers the sales and demand for the citicoline in the global market. The organized retail sales sector becomes the key sales channel for the supply of the citicoline and consistent among all the distribution networks. Furthermore, the strengthening of other distribution channels such as e-commerce, specialty stores are likely to promote the growth of the citicoline market over the forecast period.
North America market is anticipated to hold its steady supremacy for the demand of citicoline market by 2019. In North America, the customers are more aware towards the positive side of various supplements and spend more on additional products. Moreover, in USA per capita health expenditure is very high compares to other developed countries which is expected to be prominent aspect for the adoption of brain health supplements including citicoline in the country.
South Asia citicoline market value is estimated to get ~2.5 times over the forecast period. Emerging countries such as China, India and Mexico provide ample of opportunities to market players to enhance their profit margin and market presence in the forecast period.
The per capita health expenditure of key countries in Latin America is more compare to some South Asian countries which resembles the high growth rate for citicoline market in the forecast period.
The players operating in the global citicoline market include KYOWA HAKKO BIO CO., LTD., Aquatic Remedies Pvt. Ltd., BIOCHEMIX HEALTHCARE PVT. LTD., Cepham, Inc., Double Wood LLC, EZ Melts, Grupo Ferrer Internacional, S.A., HEALTHY ORIGINS, HL- PHARMA USA., Intas Pharmaceuticals Ltd., Jarrow Formulas, Inc. other players present across the supply chain in the global citicoline market. The players are investing in R&D and also tending towards the expansion of their business to the emerging countries to gain more profits in the overall citicoline market.