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DUBLIN--(BUSINESS WIRE)--Nov 15, 2022--
The "Arachidonic Acid Market Size, Share & Trends Analysis Report by Form (Solid, Solvent), by Source (Plant, Animal), by Application (Infant Formula, Supplement), by Region (EU, APAC), and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global arachidonic acid market is expected to reach USD 309.0 million by 2030, registering a CAGR of 4.3%
The growth is majorly driven by the rising demand for applications including infant formula and supplements. The growing need for essential minerals in baby food is likely to create demand for ARA-based infant formula across the globe over the forecast period.
The growing consumer awareness related to the benefits of ARA has led to the initiation of various marketing activities by different companies across regions. There is a rise in the cases of ARA deficiency, which has led to an increase in the intake of the same in different forms, such as injections, syrups, and tablets.
Growing awareness levels about the importance of preserving nutritive value are also anticipated to contribute to the industry's growth.
North America, led by the U.S., Mexico, and Canada, accounted for the largest share of the global revenue. The presence of prominent producers, such as A&Z Food Additives Co. Ltd, Cargill, and Cayman Chemical Company, developed sports & infant nutrition industry, and high consumer disposable income levels are expected to drive the region's growth.
Product manufacturers are focusing on in-house production, which is intended to improve product quality, having a direct relationship with the brand value of a company. Acquisitions and joint ventures are an integral part of this industry and enable companies to strengthen their position and hold across the industry.
Heavy investments by manufacturers in the development of low-cost production methods are anticipated to boost industry growth.
Arachidonic Acid Market Report Highlights
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/n2fm8s
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/15/2022 09:52 AM/DISC: 11/15/2022 09:52 AM
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