IMARC Group, a leading market research company, has recently released a report titled “Arachidonic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”. The study provides a detailed analysis of the industry, including the market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the arachidonic acid market?
The global arachidonic acid market size reached US$ 257.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 356.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
Market Outlook:
Arachidonic acid represents a long-chain of essential fatty acid utilized by the human body to synthesize unsaturated carboxylic acids. It is generally consumed in small quantities and is extracted from numerous food sources, including poultry, eggs, fish, animal meat, etc. Arachidonic acid can also be obtained from mosses and algae. It is available in dry and liquid forms and is added to several food products, dietary supplements, infant formula, pharmaceuticals, etc. Arachidonic acid is combined with docosahexaenoic acid (DHA) to stimulate growth and development in children and send continuous signals to the cell membranes to start adaptive changes in muscle damage cases. It is administered by tablets, injections, syrups, etc., to meet the nutritional needs of both adults and children.
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Arachidonic Acid Market Trends:
The rising consciousness among parents towards child nutrition is among the key factors stimulating the arachidonic acid market. Additionally, the increasing utilization of this acid in baby food products to promote the development of eyesight, immune response, memory, cell membranes, etc., in the body is acting as another significant growth-inducing factor. Besides this, the growing incidences of lifestyle-related disorders are bolstering the demand for dietary supplements, which is positively influencing the global market. Moreover, the inflating popularity of premium-quality oil-based nutritional supplements containing essential fatty acids to meet the daily nutritional requirements and lead a healthy lifestyle is also propelling the market growth. Apart from this, extensive RD activities in the field of biotechnology and the rising consumer awareness towards the benefits of maintaining adequate nutrition in their diet are expected to fuel the arachidonic acid market over the forecasted period.
Competitive Landscape With Key Players:
The competitive landscape of the global arachidonic acid market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- BASF SE
- Bio-Techne Corporation
- Cargill Incorporated
- Cayman Chemical Company
- Croda International Plc
- Kingdomway Nutrition Inc.
- Koninklijke DSM N.V.
- Merck KGaA
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Key Market Segmentation:
The report has segmented the global arachidonic acid market on the basis of source, form, end user and region.
Breakup by Source:
- Animal
- Plant
Breakup by Form:
- Dry
- Liquid
Breakup by End User:
- Food and Beverage
- Pharmaceuticals
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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