July 13, 2021
According to the research report titled ‘Global Arachidonic Acid Market Size study, by Form (Solid, Solvent), by Application (Infant Formula, Supplement), and Regional Forecasts 2021-2027’, available with Market Study Report, global arachidonic acid market size was worth USD 213.65 million in 2020 and is expected to record a CAGR of 5.8% over 2021-2027, subsequently accumulating USD 317.03 million by the end of the assessment period.
As per the findings of the report, global arachidonic acid market growth is driven by rising cognizance regarding health among consumers to maintain strength and fitness, along with increasing outdoor activities and participation in physical activities such as gym sessions, marathons, sports, etc.
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Statista cites that the number of people in the United States who participated in jogging, running, and trail running jumped from 57.83 million in 2018 to 61.01 million in 2019. Thus, growing interest of individuals in such activities is significantly adding to the industry progression.
For the unaware, arachidonic acid is a chemical messenger that is released by muscles during intensive weight training to regulate the core physiological reaction to exercise, regulate the intensity, and aid in tissue injury response. It is mostly found in red meat's fatty portions and is a necessary fatty acid that cannot be synthesized in the body and must be obtained through food.
Rising pervasiveness of sports injuries and mounting product demand in dietary supplements will create lucrative prospects for business expansion.
Speaking of factors restraining global arachidonic acid industry expansion, lack of skilled professionals and high cost of production is posing a challenge to businesses in this domain.
Based on geographical ambit, North America currently holds significant portion of global arachidonic acid market share, owing to rising cognizance among customers about advantages of supplements and presence of major firms in the region.
On the other hand, Asia Pacific industry is poised to accrue notable gains over the coming years, creditable to availability of affordable raw materials and inclination of customers towards sports nutrition & supplements.
Top companies in global arachidonic acid market are Avanti Polar Lipids Inc., Wuhan Shu Ou Technology Co. Ltd., Merck KGaA, Koninklijke DSM N.V., Guangdong Runke Bioengineering Co. Ltd., Cayman Chemical Company, CABIO Bioengineering (Wuhan) Co. Ltd., Cargill Incorporated, and BASF SE.