Global Arachidonic Acid market
Arachidonic Acid Market
The global market for arachidonic acid was USD XX million in 2016 and is expected to reach XX million USD by 2023 growing at a CAGR of 6.8% during the forecasted period. Arachidonic acid is the poly unsaturated omega-6 fatty acid which is present abundantly in animal tissue and liver and in microorganisms. It is also formed by the dietary synthesis of linoleic acid and is a precursor of number of biologically active eicosanoids. The industrial production of Arachidonic acid is from microorganism by various extraction techniques.
Arcadia Biosciences, Inc. and DuPont Pioneerhave announced a successful field trial safflower plants which can produce high levels of arachidonic acid (ARA) oil.This key milestone is a major step towards developing a new plant-based and cost-effective source of oil with high levels of ARA.
Arachidonic acid is widely used by food industries in various product applications such as infant nutrition products, women nutrition products and also by the pharmaceutical industries. The major applications are in the infant formula products and as a dietary supplements. Arachidonic acid is conditionally essential acid and is required by the body if it is not synthesized by the linoleic acid. It is important for the growth and development of brain and especially required by infant and premature baby; thus, it is commercially used in infant food products. US is the major market for arachidonic acid application in infant foods.
The major drivers for the market are increased demand in infant food applications of arachidonic acid, increase fortification in food products, and the regulatory approval for the ARA in infant foods. The GRAS status for addition of ARA in the infant nutrition up to a certain level by the government regulation has triggered the ARA market in infant nutrition products. Also, it is authorized as a novel food ingredient in some regions. The high capital investment, high cost of technology, costly industrial production of ARA due to high raw material and processing cost is the restraint for the market. Less consumer awareness, mainly consumer poor understanding of nutritional benefit of PUFA and ARA is also affecting the ARA market.
Arachidonic acid market are distributed in different segment on the application type, and by geography. In the application type, the market for ARA is further sub segmented into food and pharmaceuticals. The food application market is divided into infant nutrition and dietary supplement product of which infant nutrition covers the major share in the market. This is due to the need of omega 6 fatty acids in infants as they cannot synthesize the required amount. Hence, the essential fatty acids are provided by the additional supplement of ARA in infant food. ARA as dietary supplements are mainly used for human nutrition products.
The market is further segmented on the region basis into North America, Europe, Asia Pacific, Africa and South America. North America hold the largest share of the arachidonic acid market in food applications followed by Europe and Asia- pacific. The EU regulatory environment has supported the market growth in the region.
Increased advancement in biotechnology has grown the demand for arachidonic acid applications in several food and beverages segments creating a good opportunity for the market. The high investment in the production of Arachidonic acid is still a big challenge for the market growth. The key players in the market are Galactic, Cargill, Purac, ADM, Henan Jindam Arachidonic acid Co., Ltd., Corbion, among others. The major competitors prefers investment in new product development and marketing strategy due to volatility in commodity costs to maintain their position.
Market analysis for the Global Arachidonic acid Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global Arachidonic acid market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped