September 27, 2021
According to the business intelligence 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 was assessed at USD 213.65 million in 2020 and is anticipated to be worth USD 317.03 million by 2027, expanding at 5.8% CAGR between 2021-2027.
Growing participation in physical activities such as marathons, gym sessions, and sports, rising efforts by common populace to maintain good health & fitness, and increasing popularity of outdoor sporting activities are the key factors driving global arachidonic acid market expansion.
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As per Statista, the number of participants involved in jogging, running, and trail running in the United States rose from 57.83 million in 2018 to 61.01 million in 2019.
For the unversed, arachidonic acid is the chemical messenger which is released by muscles during intense weight training in order to control the core physiological response to exercise, produce tissue responses to injury, and regulate the intensity. It is primarily found in the fatty parts of red meats. It is essential for the human body and must be supplied in the diet as it cannot be synthesized in the human body.
While surging demand for arachidonic acid in dietary supplements, and rising incidence of sports injuries will aid revenue inflow, high cost of production due to shortage of skilled labor will act as a challenge for businesses in this domain.
Based on form, worldwide arachidonic acid market is split into solvent, and solid. Speaking of application scope, the industry is divided into supplement, and infant formula.
Regionally speaking, North America holds majority market share in the recent past, owing to growing awareness among consumers regarding benefits of dietary supplements, and presence of renowned companies in the region. Meanwhile, Asia Pacific market is projected to expand rapidly between 2021-2027, due to availability of affordable raw materials, and consumer inclination towards sports nutrition & supplements.
Leading players profiled in global arachidonic acid industry report are BASF SE, Merck KGaA, Cargill Incorporated, Avanti Polar Lipids Inc., Cabio Biotech (Wuhan) Co. Ltd., Wuhai Shu Ou Technology Co. Ltd., Cayman Chemical Company, Koninklijke DSM N.V., and Guangdong Runke Bioengineering Co. Ltd.