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The North America - arachidonic acid market size is estimated to grow at a CAGR of 8.15% between 2023 and 2028. The market size is forecast to increase by USD 37.41 million. The growth of the market depends on several factors such as rising demand for sports supplements, rising awareness about preventative healthcare, and increasing number of working mothers.
This North America arachidonic acid market report extensively covers market segmentation by application (infant formula and others), source (plant source and animal source). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising awareness about preventative healthcare is the key factor driving market growth. Increasing urbanization, transforming consumer lifestyles, and growing Internet penetration are some of the important supporting factors to the growth of the North America - arachidonic acid market. To capitalize on the rising demand for dietary supplements in urban and semi-urban areas, manufacturers of dietary supplements have increased strategic alliances and acquisitions.
Moreover, consumers are leveraging online medical health portals and health organization websites instead of turning to doctors and medical practitioners to gain an understanding of their health conditions and for a second opinion. Dietary supplement manufacturers are providing product-related information on online portals, which is increasing consumer awareness. Hence, these factors will drive the market's growth during the forecast period.
The proliferating demand for personalized supplement solutions is the primary trend shaping market growth. There is growing demand for online retailers and manufacturers to allow consumers access to their personalization tools and platforms so that they can create a custom list of supplements tailored according to each individual's dietary requirements, health conditions, or preferences.
Moreover, some players also provide customized capsule supplement solutions, which contain all the essential nutrients. Many new players have entered the personalized supplement solutions industry in recent years. These players provide subscription-based customized supplement plans and home-deliver dietary products. Thus, such factors will drive the market's growth during the forecast period.
The availability of several alternatives for arachidonic acid is a challenge that affects market growth. Linoleic acid, A-linolenic acid, Y-linolenic acid, leukotriene, and docosapentaenoic acid are some of the substitutes that can replace arachidonic acid in different applications such as food and beverage and pharmaceutical products. Most of these substitutes can be easily obtained as opposed to arachidonic acid.
Moreover, these acids help repair cells that are damaged by physical activities and strain or injuries. Meat and eggs are the main animal sources of arachidonic acid among people. The additional consumption of arachidonic acid is not required if meat and eggs are consumed in the right amounts. The above-mentioned factors can hamper the demand and growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
North America Arachidonic Acid Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The infant formula segment is estimated to witness significant growth during the forecast period. Different studies and research actions have concluded that arachidonic acid plays an important role in the growth and development of infants. Arachidonic acid is an essential part of human milk and is present in a relatively fixed amount of human breast milk. Arachidonic acid is important for the development of infants as it acts as a precursor to eicosanoids, including prostaglandins, thromboxanes, and leukotrienes, which are essential for activating immune responses and ensuring immunity.
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The infant formula segment was the largest segment and was valued at USD 48.96 million in 2018. One of the drivers for the infant food segment is the convenience factor associated with these products, as they can be fed to infants anywhere and at any time, making them a convenient alternative for mothers who cannot breastfeed their babies. Therefore, the demand for infant food is growing around the world, which will consequently drive the growth of the infant food segment in the market during the forecast period.
The North America arachidonic acid market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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North America Arachidonic Acid Market Scope |
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Report Coverage |
Details |
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Page number |
146 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.15% |
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Market Growth 2024-2028 |
USD 37.41 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.72 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Avantor Inc., BASF SE, Bio Techne Corp., Biosynth Ltd., Cargill Inc., Cayman Chemical, Croda International Plc, Koninklijke DSM NV, LGC Science Group Holdings Ltd., Merck KGaA, Parchem Fine and Specialty Chemicals Inc., PerkinElmer Inc., Selleck Chemicals LLC, Sisco Research Laboratories Pvt. Ltd., Spectrum Laboratory Products Inc., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., Wanrun Co. Ltd., Xiamen Jindawei Group Co. Ltd., and Zhejiang Tianhecheng Bio technology Shares Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Source
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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