Citicoline Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028

Published on : Apr-2019 | List of Tables : 24 | List of Figures : 106 | No. of Pages : 170 | Report Code : FACT2868MR | Format : ppt pdf Excel Word

Citicoline Market – Key Insights

  • The citicoline market registered a healthy CAGR of over 7% during the 2013-2017 period on the back of a rapid rise in the geriatric population around the world.
  • The citicoline market was valued at over US$ 530 million in 2018 and is expected to witness substantial Y-o-Y growth of 8% in 2019.
  • North America is expected to account for the leading share in citicoline market owing to the presence of numerous players along with availability of modern and sophisticated infrastructure.
  • Latin America is expected to emerge as a high growth market during the 2018-2028 period with dementia and Alzheimer’s disease incidences in the region increasing at a brisk pace relative to other regions.

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citicoline market snapshot

What are the Factors Spearheading the Growth of Citicoline Market?

  • Stressful lifestyles, increasing competition, long working hours, sleep deficiency, and growing geriatric population are fuelling demand for nutraceuticals that enhance cognitive functions. Citicoline is finding increasing usage in nutraceuticals production owing to its negligible toxicity and neuroprotective properties.
  • Citicoline induces the formation of phospholipids in the brain that are required for efficient functioning of the neural pathways. With incidences of dementia, Alzheimer’s disease, and other neurological disorders on the rise, governments around the world are providing pharmaceutical companies extended support towards the research and development of drugs that could effectively address these issues. Efforts to study citicoline’s efficacy in prevention and potential recovery from cognitive dysfunctioning are gaining momentum.
  • Citicoline’s potential use in preventing and improving visual capabilities is expected to create steady opportunities for stakeholders. Numerous studies researching the use citicoline in preventing neurodegenerative deterioration of the retina are underway. Role of citicoline in preventing conditions such as diabetes-induced retinal neurodegradation, glaucoma, and amblyopia are being investigated.
  • Intensifying research towards the use of citicoline in the treatment for addictive disorders is emerging as another opportunity avenue. Studies suggest that citicoline has a significant influence on the dopamine, glutamate, and acetylcholine production in the brain which can potentially be leveraged to treat various symptoms of addiction disorder such as craving, withdrawal symptoms, and impaired cognitive functioning. Additionally, numerous researches suggest the chemical compound can arguably be used to extenuate the neurotoxic effects of drugs and other substances.
  • Research on increasing the efficacy of citicoline by using it in combination with other chemical compounds is underway. Market players are increasingly investing in the R&D of drugs based on different citicoline combinations to capitalize on the growing demand for neuroprotective drugs for the prevention of diseases such as dementia, Alzheimer’s disease, and other neurological disorders.

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citicoline market factors influencing value chain

What are the Challenges Stifling Citicoline Market Growth?

  • While citicoline is beneficial for enhancing cognitive functioning and treating cerebral impairments, its use in the long-term can potentially have side-effects such as gastrointestinal problems, transient headaches, bradycardia, hypotension, tachycardia, insomnia, and fluctuations in blood pressures. The factor is likely to hamper citicoline market growth during the forecast period as companies continue to research the long-term impact of using citicoline on patients’ body.
  • Research towards the development of drugs to effectively treat dementia, Parkinson’s disease, Alzheimer’s disease, and other neurological disorders is gaining strength with the healthcare industry widening the scope of substances that can be potentially used for countering the disorders. The availability of more feasible medicines can curtail the opportunities of citicoline market players in the treatment of neurological disorders.

Citicoline Market – Competitive Landscape 

citicoline market structure
  • In order to capitalize on the growing demand for citicoline in functional foods, Kyowa Hakko Bio Co., Ltd., a leading player in the citicoline market, launched two new citicoline powdered supplements and citicoline capsules in 2018.
  • Intensifying clinical trials for citicoline’s potential use in the treatment of neurological diseases received a substantial boost after research suggested that using the compound with risperidone could effectively relieve primary negative symptoms of schizophrenia.
  • The pervasive trend of combining citicoline with other compounds to enhance its efficacy continues to drive the citicoline market growth with a study published in 2018 concluding that a combination of citicoline and docosahexaenoic acid exhibit synergistic activities which can substantially boost recovery after transient brain ischemia.

Some of the leading players operating in the citicoline market include Alfa Aesar, Cepham, Inc., EZ Melts, HL-Pharma US, Double Wood LLC, Instas Pharmaceuticals Ltd., Jarrow Formulas, Inc., Kimia Biosciences, Rakshit Drugs Pvt., Ltd., Relentless Improvement LLC, Swanson, Wellona Pharma Private Limited, Healthy Origins, Biochemix Healthcare Pvt., Ltd., Merck KGaA, Grupo Ferrer Internacional, S.A., Piping Rock Health Products, LLC, and NuerAxon Pharma Inc.

Additional Insight:

Retail Pharmacy Remains a Lucrative Distribution Channel

Increasing consumer awareness about citicoline-based medication and supplements coupled with the trend of retail pharmacy store owners maintaining a diverse portfolio of similar drugs is estimated to prove vital to citicoline market growth with the distribution channel expected to hold a significant share of the citicoline market revenue.

Advancements in tablet manufacturing and intensifying research and development focused towards developing tablets with a combination of citicoline and other compounds to study their synergistic effects on various neurological diseases is a vital reason expected to uphold demand for tablets in the market.

Other sales channel such as hospital pharmacy, online channels, specialty stores, and hypermarket and conventional retail systems are also likely to see a rise in the demand for citicoline-based supplements and products. Growing consumer demand for citicoline-based drugs and supplements is prompting manufacturers in the citicoline market to introduce them in various forms such as powders and capsules.  

Scope of the Report 

citicoline market taxonomy

Research Methodology

The report on citicoline market is a consequence of an elaborate and robust methodology. A two-step process involving primary and secondary researchers was used to obtain in-depth and actionable insights into the citicoline market. Primary research involved interviewing seasoned experts from the citicoline market while secondary research was conducted by thoroughly studying company press releases, paid sources, trade journals, and other publications pertaining to the citicoline market. Results from both the research steps were triangulated in order to produce an authentic and accurate forecast of the citicoline market. 

Request research methodology of this report.

A recent report released by Fact.MR provides detailed and actionable insights into the citicoline market. The report provides a comprehensive assessment of all the key market factors influencing the citicoline market performance. Additionally, a list of all the vital macro and microeconomic facets impacting the growth of the citicoline market have been analyzed in the report. Both qualitative and quantitative analysis of the identified factors has been provided. A detailed opportunity assessment of the citicoline market has also been provided in the report. The report also provides a detailed assessment of the competitive landscape prevalent in the citicoline market.

Chapter 1 – Executive Summary

The report on citicoline market commences with an executive summary which provides brief yet affluent information about the citicoline market. The chapter sheds light on the global market outlook in addition to providing a detailed analysis of all the megatrends prevalent in the market. A detailed opportunity assessment along with exclusive recommendations from Fact.MR analysts have also been included in the report.

Chapter 2 – Market Overview

A concrete definition of the citicoline market in addition to a detailed taxonomy of the market has been provided in this chapter. The detailed segmentation of the citicoline market is provided to help readers develop a holistic understanding of the market.

Chapter 3 – Key Market Trends

The chapter provides a detailed analysis of all the key trends influencing the growth of the citicoline market. Additionally, the trends have been categorized on the basis of business, products, and end-use applications to help readers gain a wholesome understanding of the citicoline market.

Chapter 4 – Dynamic & Key Success Factors

A comprehensive analysis of all the key market dynamics including restraints, challenges, drivers, and threats have been provided in the chapter. In addition to this, a complete review of the regulatory guidelines on the production of the compound for drugs and health supplements has been provided in the chapter. The chapter also analyzes the different promotional strategies applied by manufacturers in the citicoline market to consolidate their position and boost sales.

Chapter 5 – Global Citicoline Market Background

The chapter commences with an overview of the global economy. The ensuing segments of the chapter provide a detailed analysis of the pharmaceutical and chemical industry and assess its impact on the citicoline market. In addition to this, a detailed overview of the healthcare industry and expenditure has been provided in the chapter. Further, a comprehensive assessment of the value chain and other macroeconomic factors impacting the citicoline market growth have been provided. The chapter also lists the various forecast factors and their relevance in the prediction of the citicoline market performance. A comprehensive analysis of market positioning on the basis of regions has been included in the chapter.

Chapter 6 – Global Citicoline Market Pricing Analysis

A comprehensive assessment of the prices of different citicoline product forms available in the market has been provided in the chapter. Additionally, the chapter also sheds light on the factors influencing the pricing.

Chapter 7 – Global Citicoline Market Demand (in Value or Size US$ Mn) Analysis 2013-2017 and Forecast, 2018-2028

The chapter commences with a brief overview of the global citicoline market and provides a detailed breakdown of the market on the basis of region, indication, product form, and sales channel.

Chapter 8 – North America Citicoline Market Analysis, 2013-2028

A detailed analysis of the citicoline market prevalent in the North American region has been provided in the chapter. The chapter provides a comprehensive assessment of the market on the basis of region, product form, and distribution channel.

Chapter 9 – Latin America Citicoline Market Analysis, 2013-2028

The chapter provides detailed information and analysis of the citicoline market existent in the Latin American region. It also provides a detailed market attractiveness analysis based on region, distribution channel, and product form.

Chapter 10 - Europe Citicoline Market Analysis, 2013-2028

A comprehensive assessment of key trends influencing the performance of the citicoline market in Europe has been provided in the chapter. In addition to this, a detailed analysis and forecast of the citicoline market performance have been provided.

Chapter 11 – East Asia Citicoline Market Analysis, 2013-2028

Commencing with a brief overview of the citicoline market prevalent in East Asia, the chapter provides a detailed historical analysis of the citicoline market performance along with a forecast of the market growth on the basis of region, product form, and distribution channel.

Chapter 12 – South Asia Citicoline Market Analysis, 2013-2028

The chapter provides a detailed assessment of the citicoline market prevalent in South Asia. A comprehensive historical analysis in addition to a detailed forecast of the citicoline market performance has been provided in the chapter.

Chapter 13 – Oceania Citicoline Market Analysis, 2013-2028

A detailed assessment of the citicoline market prevalent in Oceania has been provided in the chapter. The chapter provides actionable insights into the citicoline market performance in the region on the basis of countries, product form, and distribution channel. It includes a historical analysis of the market as well as an authentic forecast of the citicoline market growth.

Chapter 14 – Middle East & Africa Citicoline Market Analysis, 2013-2028

A comprehensive assessment of the citicoline market prevalent in Middle East & Africa has been provided in the chapter. The chapter provides a detailed historical analysis of the market along with an authentic and accurate forecast of the market performance.

Chapter 15 – Emerging Countries Citicoline Market Analysis, 2013-2028

The chapter identifies all the countries where citicoline market is gradually gaining momentum and analyzes all the factors influencing the market performance in the countries. Additionally, the chapter provides a historical analysis of the citicoline market on the basis of each country and provides a forecast of the market growth.

Chapter 16 – Citicoline Market Structure Analysis

A detailed assessment of the competitive landscape prevalent in the citicoline market has been provided in the chapter. The chapter provides valuable information about the distribution of revenue share among the different tier companies operating in the citicoline market. All the leading players operating in the citicoline market are identified in the chapter.

Chapter 17 – Citicoline Market Company Portfolio

All the leading players identified in the previous chapter have been profiled. Detailed profiling of each of the leading players operating in the citicoline market sheds light on their product portfolios, market presence, global footprint, revenue share, strengths, weaknesses, strategies, and notable business development. The information provided in the chapter can be leveraged by business professionals and stakeholders in the citicoline market to streamline their strategies to gain maximum profitability from the ongoing trends in the market. Additionally, the information also helps new and emerging players to gauge the level of competitiveness prevalent in the market and identify entry barriers into it.

1. Executive Summary
      1.1. Global Market Outlook
      1.2. Mega Trends
      1.3. Opportunity Assessment
      1.4. Wheel of Fortune
      1.5. Fact.MR Research Analysis

2. Market Overview
      2.1. Citicoline Market Taxonomy
      2.2. Citicoline Market Definition & Introduction 

3. Key Market Trends
      3.1. Key Trends Impacting the Market
             3.1.1. Business Trends 
             3.1.2. Product Trends 
             3.1.3. End Use Trends 

4. Dynamic & Key Success Factors
      4.1. Market Drivers
      4.2. Market Restraints
      4.3. Market Opportunities
      4.4. Regional Regulation Snapshot
      4.5. Regulatory Requirements for Dietary Supplements 
      4.6. Label Claim: Overview 
      4.7. Strategic Promotional Strategies, By Key Manufacturers 

5. Global Citicoline Market Background
      5.1. Global Economic Outlook
      5.2. Global Pharmaceutical Industry Overview
      5.3. World Chemical Sales, 2017
      5.4. Global Healthcare Sector Outlook
      5.5. Health Expenditure Per Capita (US$) by Key Countries, 2010-2015 
      5.6. Value Chain 
      5.7. Threshold of correlation to Multiple Factors  
      5.8. Macroeconomic Factors
      5.9. Investment Feasibility Matrix 
      5.10. Citicoline Market: Forecast Scenario
      5.11. Forecast Factors and Relevance of Impact
      5.12. Market Positioning Assessment by Regions 

6. Global Citicoline Market Pricing Analysis
      6.1. Pricing Analysis by Form, 2018
      6.2. Global Citicoline Market – Factors Influencing Pricing

7. Global Citicoline Market Demand (in Value or Size in US$ Mn) Analysis 2013- 2017 and Forecast, 2018-2028
      7.1. Global Citicoline Market Outlook
      7.2. Global Citicoline Market Analysis by Region
             7.2.1 North America
             7.2.2 Latin America
             7.2.3 Europe
             7.2.4 East Asia
             7.2.5 South Asia
             7.2.6 Oceania
             7.2.7 Middle East & Africa
      7.3. Global Citicoline Market Analysis by Form
             7.3.1 Tablet
             7.3.2 Powder
             7.3.3 Capsule
      7.4. Global Citicoline Market Analysis by Distribution Channel
             7.4.1 Hospital Pharmacy
             7.4.2 Retail Pharmacy/Drug Stores
             7.4.3 Online Channel
             7.4.4 Specialty Stores
             7.4.5 Other Channels (Hypermarket and Conventional Retails)
      7.5. Global Citicoline Market Analysis by Indication
             7.5.1 Alzheimer's Disease
             7.5.2 Dementia
             7.5.3 Head Trauma Cases
             7.5.4 Cerebral Ischemic Stroke
             7.5.5 Cognitive Impairments
             7.5.6 Attention Deficit-Hyperactive Disorder (ADHD)
             7.5.7 Glaucoma
             7.5.8 Others

8. North America Citicoline Market Analysis, 2013-2028
 
    8.1. North America Citicoline Market Outlook
      8.2. North America Citicoline Market Analysis by Country
             8.2.1 US
             8.2.2 Canada
      8.3. North America Citicoline Market Analysis by Form
      8.4. North America Citicoline Market Analysis by Distribution Channel

9. Latin America Citicoline Market Analysis, 2013-2028
      9.1. Latin America Citicoline Market Outlook
      9.2. Latin America Citicoline Market Analysis by Country
             9.2.1 Brazil
             9.2.2 Mexico
             9.2.3 Rest of Latin America
      9.3. Latin America Citicoline Market Analysis by Form
      9.4. Latin America Citicoline Market Analysis by Distribution Channel

10. Europe Citicoline Market Analysis, 2013-2028
      10.1. Europe Citicoline Market Outlook
      10.2. Europe Citicoline Market Analysis by Country
             10.2.1 Germany
             10.2.2 France
             10.2.3 UK
             10.2.4 Spain
             10.2.5 Italy
             10.2.6 Russia
             10.2.7 Rest of Europe
      10.3. Europe Citicoline Market Analysis by Form
      10.4. Europe Citicoline Market Analysis by Distribution Channel

11. East Asia Citicoline Market Analysis, 2013-2028
      11.1. East Asia Citicoline Market Outlook
      11.2. East Asia Citicoline Market Analysis by Country
             11.2.1 China
             11.2.2 Japan
             11.2.3 South Korea
      11.3. East Asia Citicoline Market Analysis by Form
      11.4. East Asia Citicoline Market Analysis by Distribution Channel

12. South Asia Citicoline Market Analysis, 2013-2028
      12.1. South Asia Citicoline Market Outlook
      12.2. South Asia Citicoline Market Analysis by Country
             12.2.1 India
             12.2.2 Thailand
             12.2.3 Indonesia
             12.2.4 Malaysia
             12.2.5 Rest of South Asia
      12.3. South Asia Citicoline Market Analysis by Form
      12.4. South Asia Citicoline Market Analysis by Distribution Channel

13. Oceania Citicoline Market Analysis, 2013-2028
      13.1. Oceania Citicoline Market Outlook
      13.2. Oceania Citicoline Market Analysis by Country
             13.2.1 Australia
             13.2.2 New Zealand
      13.3. Oceania Citicoline Market Analysis by Form
      13.4. Oceania Citicoline Market Analysis by Distribution Channel

14. Middle East & Africa Citicoline Market Analysis, 2013-2028
      14.1. Middle East & Africa Citicoline Market Outlook
      14.2. Middle East & Africa Citicoline Market Analysis by Country
             14.2.1 GCC Countries
             14.2.2 North Africa
             14.2.3 South Africa
             14.2.4 Rest of MEA
      14.3. Middle East & Africa Citicoline Market Analysis by Form
      14.4. Middle East & Africa Citicoline Market Analysis by Distribution Channel

15. Emerging Countries Citicoline Market Analysis, 2013-2028
      15.1. Emerging Countries Citicoline Market Introduction 
      15.2. China Citicoline Market Analysis 
      15.3. India Citicoline Market Analysis
      15.4. Mexico Citicoline Market Analysis

16. Citicoline Market Structure Analysis
      16.1. Citicoline Market Structure ( Tier Wise)
      16.2. Citicoline Market- a Dashboard View

17. Citicoline Market Company Profiles
      17.1. KYOWA HAKKO BIO CO., LTD.
      17.2. Alfa Aesar (Thermo Fisher Scientific.)
      17.3. Aquatic Remedies Pvt. Ltd.
      17.4. BIOCHEMIX HEALTHCARE PVT. LTD.
      17.5. Cepham, Inc.
      17.6. Double Wood LLC
      17.7. EZ Melts
      17.8. Grupo Ferrer Internacional, S.A.
      17.9. HEALTHY ORIGINS
      17.10. HL- PHARMA USA.
      17.11. Intas Pharmaceuticals Ltd.
      17.12. Jarrow Formulas, Inc.
      17.13. Kimia Biosciences
      17.14. Merck KGaA. ( Sigma Aldrich Corporation)
      17.15. NeurAxon Pharma Inc.
      17.16. Piping Rock Health Products, LLC.
      17.17. Rakshit Drugs Pvt. Ltd.
      17.18. Relentless Improvement LLC
      17.19. Swanson
      17.20. Wellona Pharma Private Limited

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Citicoline Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028