Market Trends of Europe Arachidonic Acid Industry
This section covers the major market trends shaping the Europe Arachidonic Acid Market according to our research experts:
Infant Nutrition Holds The Dominant Share
Infant formula and dietary supplement are the major applications of ARA in the European market. Infant formula accounts for the largest application, while fortified foods and beverages are growing at a faster rate in Europe. The ARA market was first discovered in the European market due to less exposure to technology and R&D activities by the European companies made the intervention of US companies to gain higher market penetration. Europe has tightened regulatory environment related to pharmaceutical and food products especially the when ARA is added in infant formula, the permissible level that is allowed is no more than 0.35% and 0.6% of the total fatty acids as DHA and ARA.
Germany and United Kingdom Dominate The Market
The German ARA market growing at a rate of CAGR of 5.9%. With new innovations in the applications of arachidonic acid, especially in pharma and supplement applications, is driving the market in Germany. Major factors affecting the UK ARA market are increasing applications of Omega 6 fatty acids, such as usage in dietary supplements and supporting regulations of the European Commission for ARA. The consumption pattern of consumers for natural foods, such as fish, egg, beef, etc., containing ARA, enables market players to come up with dietary supplements with ARA as an ingredient. However, Spain also has a significant share of ARA in Europe, with the potential for market growth. Moreover, Russia is one of the most attractive markets for ARA & DHA in Europe due to increased consumption of infant formula and baby food products. Other countries in Europe, with significant markets for ARA are Norway, Finland, Sweden, Iceland, Portugal and Ireland.
