Market Size of Asia-Pacific Arachidonic Acid Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.40 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Arachidonic Acid Market Analysis
Asia-Pacific Arachidonic acid market is projected to grow at a CAGR of 7.4% during the forecast period (2020- 2025).
- The major driver for the arachidonic acidmarket, is the high birth rate in countries, like India and China, which has increased its application in infant formula products, sports nutrition, and dietary supplement products, and increased in fortification of products to meet the nutritional gap.
- Also, the increase in the number of road accidents and the growing number of cases of muscle damage are expected to boost the demand. The increasing levels of childcare awareness, baby care products, and use of ARA as sports supplements serve as the primary growth drivers for ARA market.