Saudi Arabia Arachidonic Acid Market Outlook

Synopsis
The above chart is Saudi Arabia Arachidonic Acid Market Outlook (2018 to 2032)

Market Dynamics

saudi arabia is the fifth largest consumer of arachidonic acid in the world. in the kingdom of saudi arabia, arachidonic acid is mainly used in the manufacturing of nutraceuticals, food supplements, functional foods and pharmaceuticals. the demand of arachidonic acid is expected to grow significantly in saudi arabia in the upcoming years due to the rising awareness and increasing health consciousness among consumers. the government has implemented various initiatives to promote health conscious lifestyle among the general public. the increasing popularity of sports nutrition among consumers is also one of the major drivers for the demand of arachidonic acid. moreover, the growing personal care industry and the importance given to appearance is forecast to boost the demand for arachidonic acid in the kingdom. apart from this, increasing awareness of the health benefits of arachidonic acid, nutritional supplements and functional food ingredients is expected to drive further growth in the saudi arabia arachidonic acid market over the next 15 years. the availability of arachidonic acid in various forms such as powder, gel, liquid form, and capsules is driving the demand for the product in saudi arabia. furthermore, the growing appetite of consumers for convenience products and functional food products containing arachidonic acid is expected to further propel the growth of the market. moreover, the demand for arachidonic acid is expected to increase due to the emergence of private and public companies in saudi arabia, especially in the field of clinical nutrition. the increasing research and development activities of these companies is strengthening the market for arachidonic acid. amidst all these factors, the lack of awareness among potential consumers about the benefits of arachidonic acid is expected to obstruct the growth of the saudi arabia’s arachidonic acid market. furthermore, high cost associated with the product is hampering the growth of market to some extent. overall, it can be concluded that the saudi arabia arachidonic acid market is expected to witness significant growth during 2018-2032 owing to the increasing awareness of the health benefits of the product, rising demand for convenience products and functional foods containing arachidonic acid, and growth of research and development activities in the kingdom.