The Arachidonic Acid Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Arachidonic Acid Market is estimated to be USD XX million in 2018 and predicted to rise to USD XX million by 2023 with a CAGR of XX%. The market is segmented by Extraction Method (Solvent Extraction and Solid Phase Extraction) and by Application (Food and Beverages, Animal Feed and Pharmaceuticals). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Arachidonic Acid is used in food industry in product applications like infant nutrition products and as dietary supplements. The major driving forces for the growth of market are increasing awareness regarding healthy diet and extensive use of ARA in infant nutrition products as well as in pharmaceuticals. On the other hand, high prices due to expensive raw material costs and processing costs is the factor hindering the growth of market.
Based on application, Animal feed segment holds the major share in the market due to increasing awareness regarding the animal health while food and beverage segment is expected to grow the fastest due to its extensive use a dietary supplement mainly in sports nutrition products. In the food segment it is also used in infant formulas to provide essential nutrient to infants and aid in their growth.
North America holds the major share in the market due to presence of market leaders as well as extensive use of Arachidonic Acid in food industry in form of infant nutrition and as a supplement. Asia Pacific is the fastest growing region due to increasing adoption rate and increasing demand for feed supplements and health enhancers.
Some of the key players dominating this market include DSM, BASF, Cargill, Suntory, Kingdomway, Cabio Bioengineering, Guandong Runke, Cayman Chemicals, A and Z Food Additives Co. Ltd. and Anderson Global Group LLC.
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