Africa Arachidonic Acid Market - Trends, Growth, and Forecast (2018 - 2023)
The Africa Arachidonic market was valued 12.11 million in 2016 and is expected to register a CAGR of 4.21%, during the forecasted period 2018-2023. Arachidonic acid is polyunsaturated omega-6 fatty acid, which is an essential fatty acid for human body. It is found abundantly in microorganism, algae, fish, eggs, and beef. At industrial scale it is commercially extracted from the fungal Mortierella alpine though various extraction techniques, and then separated and purified to get the pure ARA. Africa is a small but growing market for import of archidonic acid. China is the largest supplier to the region for ARA.
The major driver for the ARA market has increased its application in infant formula products, sports nutrition, and dietary supplement products, and consumer move towards achieving nutritional benefits in diet. The imbalance and insufficient intake of ARA led to health disorder, and hence, nowadays consumers are more conscious to balance the nutritional gap in their diet, which is driving the ARA market. However, the high production cost, and large capital investment is affecting the ARA market. The poor industrialization in the region and high technological application are hindering the market growth. Intake of fat is always found to be associated with increase in cholesterol and bad health effect, but PUFA and ARA are high potential fats and has less consumer awareness in the region, which is also a big restrain for the market.
Market segmentation of ARA is categorized on the basis of application type, technology type and by application. In the application type market ARA is further sub segmented into food and pharmaceuticals. In the food application market is divided into infant nutrition and dietary supplement product, of which infant nutrition covers the major share in the market. ARA as a dietary supplements are mainly used for sports nutrition products. The market segmentation, according to technology, is further includes the solvent extraction technology and the solid phase extraction technology. The technology is segmented on the basis of efficiency of production and cost.
February 2018 - Suntory Products Limited, the wholly owned group affiliate of Suntory Beverage & Food Limited (SBF), initiated a production capacity expansion project at its Ujigawa Plant. Construction was decided to start in summer 2018, with the company aiming to start the new line by summer 2019.
The major players include - DSM, BASF, CARGILL, SUNTORY, MARTEK BIOSCIENCE, CABIO BIOENGINEERING, GUANGDONG RUNKE, CAYMAN CHEMICALS, A&Z FOOD ADDITIVES CO. LTD., ZHEJIANG WEISS (WECAN), KINGDOMWAY, amongst others.
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