Demand for Specialty Infant Formulae Is Propelling the Growth for Arachidonic Acid Market
Due to the changing lifestyle and hectic time schedules, the mother-baby culture has changed drastically. New mothers are employing time for earning and hence, breastfeeding time for babies has reduced. Hence, the demand for arachidonic acid, which plays an important role in the development of the brain and visual cognitive processing in babies, has been incorporated in the infant formulae products and fed to babies. New parents are also on the lookout for specialty infant formulae products which ensures the required arachidonic acid supply in the babies. The rising demand for n-6 PUFAs in the commercial market has also led to the rise in the demand for arachidonic acid
Regulatory bodies have played an important role in the arachidonic acid market, as approval of the arachidonic acid has opened gateways for arachidonic acid manufacturers to tap into the market potential. For instance, in 2017, the Food Safety and Standards Authority of India (FSSAI) approved the use of DHA and arachidonic acid in infant food which encouraged dairy ingredient manufacturer Danone S.A. to launch infant formulae products containing arachidonic acid in India. Manufacturers are aiming to expand across the globe by importing rather than establishing manufacturing facilities. Similar approval by the European Commission opened gateways for Cargill Inc. to expand in Europe. The consumption of arachidonic acid is approved only in infant formulae but is not approved in any other types of foods. Currently, manufacturers across the globe are rigorously focusing on building on bioengineering and expanding applications of arachidonic acid in the food industry by overcoming safety issues.
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Regional Analysis
The production and development of the arachidonic acid take place on a large scale by North America and also dominates the market in terms of consumption as well. However, the production facilities for the arachidonic acid are located at places like China, due to easy availability of raw material. North America also caters to the demand of the European arachidonic acid demand. Slow growth is anticipated in the Middle Eastern and African region due to low intake of infant formula and dietary supplements. Awareness for arachidonic acid is also low in these areas amongst food processing companies. With expansions taking place in countries like India, there is a booming demand for arachidonic acid in the Asia Pacific and a very high growth is projected in this region.
Arachidonic Acid Market: Key Participants
Some of the market participants in the arachidonic acid market are:
- Cargill, Incorporated
- Cayman Chemical
- The Merck Group
- Suntory Beverage & Food Limited
- BASF SE
- Mead Johnson
- Nestlé S.A.
- Abbott Nutrition
The research report presents a comprehensive assessment of the arachidonic acid market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as source and form.
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Arachidonic Acid Market Segmentation
The arachidonic acid market is segmented on the basis of form and source.
On the basis of product type, the arachidonic acid market is segmented into-
- Powder
- Liquid
On the basis of source, the arachidonic acid market is segmented into-
- Plants
- Animals
- Fungi
On the basis of end use, the arachidonic acid market is segmented into-
- Infant Formulae
- Sports Supplements
- Institutional
Report Highlights:
- Detailed overview of parent market
- Changing dynamics of the arachidonic acid market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the arachidonic acid market
- Competitive landscape of the arachidonic acid market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on arachidonic acid market performance
- Must-have information for arachidonic acid market players to sustain and enhance their market footprint
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