Arachidonic Acid Market Competitive Landscape, Key Drivers, Major Players, Outlook And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Arachidonic Acid Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The arachidonic acid market size has grown strongly in recent years. It will grow from $5.42 billion in 2023 to $5.88 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to high awareness of the health benefits, rise in birth rates and the increasing number of working mothers, positive regulatory approvals and safety endorsements, increased public and scientific understanding, and rapid urbanization.

The arachidonic acid market size is expected to see strong growth in the next few years. It will grow to $8.18 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to the rising incidence of lifestyle-related disorders, increasing demand for sports supplements, growing regulatory acceptance for oil-based ara products, increasing demand from the pharmaceutical industry, and increasing geriatric population. Major trends in the forecast period include rapid technological developments, innovative solvent-based product portfolios, technological advancements in production, partnerships and collaborations, and endorsements and recommendations.

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Market Drivers:

The growing popularity of functional foods is expected to propel the growth of the arachidonic acid market going forward. Functional foods are products that provide health benefits beyond basic nutrition, typically due to the addition of specific nutrients, additives, or other bioactive components. Functional foods are gaining popularity due to increasing consumer awareness of their health benefits and their potential to prevent disease and promote well-being. Arachidonic acid is used in functional foods to promote healthy brain development and inflammatory response regulation, particularly in infant formulas and nutritional supplements. For instance, in March 2023, according to Agriculture and Agri-Food Canada (AAFC), a Canada-based department, among health and wellness (HW) foods and beverages, comprising 40.3% of the market, fortified or functional (FF) packaged food products had the highest sales value at US$11.7 billion. Therefore, the growing popularity of functional foods is driving the growth of the arachidonic acid market.

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Major Key Players of the Market:

Cargill Inc., BASF SE, Thermo Fisher Scientific Inc., Merck KGaA, Koninklijke DSM N.V., PerkinElmer Inc., Bio-Techne Corporation, Kingdomway Nutrition Inc., Sisco Research Laboratories Pvt. Ltd., Tokyo Chemical Industry Co. Ltd., Cayman Chemical Company, Parchem Fine and Specialty Chemicals Inc., Avanti Polar Lipids Inc., Acros Organics, Selleck Chemicals LLC, Enzo Life Sciences, Polychemtech India, Spectrum Labs Inc., Cabio Biotech (Wuhan) Co. Ltd., Wuhan Fuxing Biotechnology Co. Ltd.

Arachidonic Acid Market 2024 Key Insights:

• The arachidonic acid market size is expected to see strong growth in the next few years. It will grow to $8.18 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
• Functional Foods Boosting Arachidonic Acid Market Growth
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• North America was the largest region in the arachidonic acid market in 2023

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