Arachidonic acid Market Size Growth Rate Analysis:
Arachidonic acid Market size was estimated at USD 180 million in 2018 and is expected to expand at CAGR 6.2% to reach USD 298 million by 2024. The development of the Arachidonic acid Market is fueled by an increase in the changing lifestyles of working-class women.
Arachidonic acid is a polyunsaturated omega-6 fatty acid. By the side of docosahexaenoic acid (DHA), it assists in the growth of the infant's brain. It is one of the essential acids in the omega-6 class because it is contained in cell membranes and sends signals if there is any damage to the muscle. Arachidonic acid is primarily used by people involved in sports, bodybuilders, weightlifters, etc. Athletes need a sufficient amount of arachidonic acid in their bodies, a lack of will result in a decline in their performance, the lack of this is balanced by the use of capsules, syrups and injections. This drug also aids in the treatment of critical injuries.
Recent Developments in Arachidonic acid Market:
In October of 2016, the Food and Drug Administration (FDA) issued 'no question' approval to Arachidonic acid (ARA). It also released the concentrations of ARA that are allowed to be used in infant formulas, ranging from 0.75% for term infants to 0.4% for preterm infants.
Drivers and Restraints of Arachidonic Acid Market:
Drivers:
Restraints:
Product production requires skilled workers and specialized equipment for the processing of products, leading to higher production costs. So, this can be considered as one of the constraints of Arachidonic Acid Market.
Detailed Segmentation of the Arachidonic Acid Market:
By Technology:
Out of these, solvents emerged as the dominant segment in 2017 and are expected to see substantial growth in the future due to the increasing scope of application of the material. The product is mainly used in infant formulas and supplements that are gaining popularity around the world. Key businesses are focusing on developing advanced solvent-based product portfolios due to the higher profits involved.
The solid segment is expected to register the fastest CAGR over the forecast period. The growing use of sports supplements boosts the demand for products in this segment. Growing consumer preference for ARA-based supplements will have a positive impact in the coming years. High spending on sports nutrition will further improve consumer demand.
By Application:
Food & beverages are further classified into dietary supplements and Infant formula. Out of these, Infant formula segment is leading the overall market. Polyunsaturated fatty acids are considered to boost baby's eyesight and memory, which is a crucial driver of the business. In addition, that regulatory acceptance of oil-based products in infant nutrition has a positive impact on this development. Increasing awareness of the benefits of child food has emerged as the primary reason for the growing demand for infant formula.
Geographical Segmentation of the Market:
Regional and Country Growth Insights:
North America was the largest regional market in 2017, with a volume share of more than 40%. The growth was due to the presence of leading companies in the region. The North American area is projected to expand further during the forecast years due to the established sports and infant nutrition industry, especially in the U.S., and high consumer spending capacity.
The Asia-Pacific market is also expected to have a strong CAGR due to rapid urbanization, growing middle-class population and projected growth in infant numbers across the world. The emerging economies, such as India and China, and the availability of low-cost raw materials and labor draw multinational manufacturers will expand the APAC operations, boosting the regional industry.
Prominent Players involved in the market report are:
Mead Johnson, Nestlé S.A. and Abbott Nutrition, the largest producers of dietary supplements and baby formulas, are among the main end-users of the product. Expansion and Innovation are the two go-to strategies of these top tier companies acquiring better market shares. In house R&D is another strategy to keep up with the competition and improve their brand name on the products.
Arachidonic acid Market Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Technology
5.1.1 Introduction
5.1.2 Solid phase extraction
5.1.3 Solvent extraction
5.1.4 Y-o-Y Growth Analysis, By Technology
5.1.5 Market Attractiveness Analysis, By Technology
5.1.6 Market Share Analysis, By Technology
5.2 Application Type
5.2.1 Introduction
5.2.2 Pharmaceuticals
5.2.3 Food and Beverages
5.2.3.1 Infant formula
5.2.3.2 Dietary supplements
5.2.4 Y-o-Y Growth Analysis, By Application Type
5.2.5 Market Attractiveness Analysis, By Application Type
5.2.6 Market Share Analysis, By Application Type
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Technology
6.1.3.3 By Application Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Technology
6.1.4.3 By Application Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Technology
6.1.5.3 By Application Type
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 A&Z Food additives Co. Ltd
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Cayman Chemicals
8.3 Guangdong Runke
8.4 Cabio Bioengineering
8.5 Kingdomway
8.6 Suntory
8.7 Cargill
8.8 BASF
8.9 DSM
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
