Market Insights
The North America arachidonic market was valued 47.52 million USD in 2016 and is expected to register a CAGR of 6.9%, during the forecast period of 2018-2023. US is the major distributor of ARA in region and also exports across the globe. The market is growing of archidonic acid as the consumers are looking for the healthy dietary supplement. US Infant formula supplemented with ARA market accounts for USD 3.09 billion sales in 2018 and expected to register a CAGR of 1.48%, during forecast period.
Market Dynamics
The driver for the North America ARA market is increased demand for infant nutrition products containing ARA, increased application in sports nutrition, various health benefits of ARA and the government approval for incorporation into infant products. ARA has received the GRAS status from USFDA and also allowed with a certain limit in the infant nutrition products, which has triggered the market. The important function properties of ARA are increasing the consumer demand in the region as functional foods in the market. However the high production cost, and large capital investment is affecting the ARA market. The investment in separation and purification technology is relatively high for the plant production and thus, becoming a restrain for the ARA market. Intake of fat is always found to be associated with increase in cholesterol and bad health effect but PUFA and ARA are high potential fats and have less consumer awareness of it.
Market Segmentation
North America arachidonic acid market is categorized on the basis of application type, technology type and by application. In the application type market ARA is further sub segmented into food and pharmaceuticals. In the food application market is divided into infant nutrition and dietary supplement product, of which infant nutrition covers the major share in the market. ARA as a dietary supplements are mainly used for sports nutrition products. The market segmentation, according to technology, is further includes the solvent extraction technology and the solid phase extraction technology. The technology is segmented on the basis of efficiency of production and cost.
Regional Analysis
Growing population, higher income, and changing psychographics in region drive the arachidonic market growth in North America. In 2016, US dominated the market and accounted for more than 45% of the total volume and value and is expected to witness significant growth during the forecast period.
Key developments
Major players - A&Z FOOD ADDITIVES CO. LTD., BASF, CABIO BIOENGINEERING, CARGILL, CAYMAN CHEMICALS, DSM, GUANGDONG RUNKE, MARTEK BIOSCIENCE, SUNTORY, XIAMEN KINGDOMWAY, ZHEJIANG WEISS (WECAN), among others.
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The North America arachidonic market was valued 47.52 million USD in 2016 and is expected to register a CAGR of 6.9%, during the forecast period of 2018-2023. US is the major distributor of ARA in region and also exports across the globe. The market is growing of archidonic acid as the consumers are looking for the healthy dietary supplement. US Infant formula supplemented with ARA market accounts for USD 3.09 billion sales in 2018 and expected to register a CAGR of 1.48%, during forecast period.
Market Dynamics
The driver for the North America ARA market is increased demand for infant nutrition products containing ARA, increased application in sports nutrition, various health benefits of ARA and the government approval for incorporation into infant products. ARA has received the GRAS status from USFDA and also allowed with a certain limit in the infant nutrition products, which has triggered the market. The important function properties of ARA are increasing the consumer demand in the region as functional foods in the market. However the high production cost, and large capital investment is affecting the ARA market. The investment in separation and purification technology is relatively high for the plant production and thus, becoming a restrain for the ARA market. Intake of fat is always found to be associated with increase in cholesterol and bad health effect but PUFA and ARA are high potential fats and have less consumer awareness of it.
Market Segmentation
North America arachidonic acid market is categorized on the basis of application type, technology type and by application. In the application type market ARA is further sub segmented into food and pharmaceuticals. In the food application market is divided into infant nutrition and dietary supplement product, of which infant nutrition covers the major share in the market. ARA as a dietary supplements are mainly used for sports nutrition products. The market segmentation, according to technology, is further includes the solvent extraction technology and the solid phase extraction technology. The technology is segmented on the basis of efficiency of production and cost.
Regional Analysis
Growing population, higher income, and changing psychographics in region drive the arachidonic market growth in North America. In 2016, US dominated the market and accounted for more than 45% of the total volume and value and is expected to witness significant growth during the forecast period.
Key developments
- February 2018 - BASF, the leading chemical company and a leading manufacturer of construction chemicals in the world, has been strongly investing in local production and has opened a production plant in Tanzania.
Major players - A&Z FOOD ADDITIVES CO. LTD., BASF, CABIO BIOENGINEERING, CARGILL, CAYMAN CHEMICALS, DSM, GUANGDONG RUNKE, MARTEK BIOSCIENCE, SUNTORY, XIAMEN KINGDOMWAY, ZHEJIANG WEISS (WECAN), among others.
Reasons to Purchase this Report
- Analyzing outlook of the market with the recent trends and Porters five forces analysis
- Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
- Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements.
This product will be delivered within 2 business days.
Table of Contents
1. Introduction
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
7. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- A&Z Food additives Co. Ltd.
- BASF
- Cabio Bioengineering
- Cargill
- Cayman Chemicals
- DSM
- Guangdong Runke
- Martek Bioscience
- Suntory
- Xiamen Kingdomway
- Zhejiang Weiss (Wecan)
Methodology
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