DUBLIN--(BUSINESS WIRE)--The "North America Arachidonic Acid Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
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.
The driver for the North America ARA market is the 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.
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.
Notable Market Developments
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.
Key Topics Covered
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
- A&Z Food Additives Co. Ltd.
- Cabio Bioengineering
- Cayman Chemicals
- Guangdong Runke
- Martek Bioscience
- Xiamen Kingdomway
- Zhejiang Weiss (Wecan)
For more information about this report visit https://www.researchandmarkets.com/research/zgthzj/north_american?w=4