Market Size of Europe Arachidonic Acid Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Arachidonic Acid Market Analysis
Europe Arachidonic Acid Market report is expected to reach USD 56 million by 2025 growing at a CAGR of 6.0% during the forecast period.
- Europe is the second largest consumer of arachidonic acid in the world. The market is growing for arachidonic acid, as the consumers are looking for a healthy dietary supplement.
- The drivers for the 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. The important function properties of ARA are increasing the consumer demand for arachidonic acid in Europe as a functional food.
- The declining birth rate in the region is the major restraining factor for the market. Europe is expected to grow at a steady growth rate during the forecast period.
Europe Arachidonic Acid Industry Segmentation
The arachidonic acid market is distributed in a different segment on the application type, and by geography. In the application type, the arachidonic acid market is segmented into two major applications, namely, food & beverage and pharmaceutical. The food & beverage segment is further divided into infant formula and dietary supplements. Among food & beverage sub-segments, infant nutrition holds the dominant share of the market and being driven by regulatory support.
By Technology | |
Solvent Extraction | |
Solid-Phase Extraction |
By Application | ||||
| ||||
Pharmaceuticals |
Geography | |||||||||
|
Europe Arachidonic Acid Market Size Summary
The European arachidonic acid market is experiencing steady growth, driven by increasing consumer demand for healthy dietary supplements and the rising popularity of infant nutrition products containing ARA. The market benefits from the growing application of ARA in sports nutrition and its recognized health benefits, alongside government approvals for its incorporation into infant products. Despite the declining birth rate in the region posing a challenge, the demand for ARA as a functional food continues to rise, supported by its significant functional properties. The market's expansion is further fueled by the introduction of fortified foods and beverages, although infant formula remains the largest application. The regulatory environment in Europe, particularly concerning the permissible levels of ARA in infant formula, adds a layer of complexity to market dynamics.
Germany stands out with notable growth in the ARA market, driven by innovations in pharmaceutical and supplement applications. The UK market is influenced by the increasing use of Omega 6 fatty acids in dietary supplements and supportive European Commission regulations. Other countries, including Spain, Russia, and Nordic nations, also contribute to the market's expansion, with Russia being particularly attractive due to its rising consumption of infant formula and baby food products. Major industry players like DSM, BASF, and Cargill are investing in new product development and marketing strategies to navigate commodity cost volatility. The advancement in biotechnology, particularly the use of microalgae for ARA production, presents new opportunities, although challenges remain in sourcing ARA from alternative raw materials.
Europe Arachidonic Acid Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Technology
-
2.1.1 Solvent Extraction
-
2.1.2 Solid-Phase Extraction
-
-
2.2 By Application
-
2.2.1 Food and Beverage
-
2.2.1.1 Infant Formula
-
2.2.1.2 Dietary Supplements
-
-
2.2.2 Pharmaceuticals
-
-
2.3 Geography
-
2.3.1 Europe
-
2.3.1.1 Germany
-
2.3.1.2 United Kingdom
-
2.3.1.3 France
-
2.3.1.4 Russia
-
2.3.1.5 Spain
-
2.3.1.6 Italy
-
2.3.1.7 Rest of Europe
-
-
-
Europe Arachidonic Acid Market Size FAQs
What is the current Europe Arachidonic Acid Market size?
The Europe Arachidonic Acid Market is projected to register a CAGR of 6% during the forecast period (2024-2029)
Who are the key players in Europe Arachidonic Acid Market?
Cargill Inc., CABIO Biotech Wuhan Co Ltd, Cayman Chemical, Guangdong Runke Bioengineering Co., Ltd. and Royal DSM are the major companies operating in the Europe Arachidonic Acid Market.