South Korea Arachidonic Acid Market Outlook (2018 to 2032)
The above chart is South Korea Arachidonic Acid Market Outlook (2018 to 2032)
south korea arachidonic acid market outlook from 2018 to 2032 is positive with increasing demand from dietary food supplements and nutraceutical players. the arachidonic acid market was valued at approximately usd 50 million in 2018 and is further projected to grow at a cagr of 4.8% over the forecast period (2018 - 2032). the strong demand from dietary food supplements and nutraceutical sector is driven by a large number of south korean consumers seeking health & wellness products.
the arachidonic acid market in the country is segmented based on the form into liquid and powder. the liquid form is the dominant segment, accounting for around 95% of the total arachidonic acid market in south korea. this is attributed to the rising awareness among consumers about the health benefits of the acid. the acid is widely used in dietary food supplements and nutraceutical products as an ingredient for health & wellness products.
growing investments in research & development activities by the leading players in south korea are anticipated to drive the arachidonic acid market in the country. in addition, strategic collaborations between dietary food supplement manufacturers with formulators & suppliers are likely to further drive the market. in the coming years, south korea is expected to be a major investor in the research & development activity relating to the positive impact of arachidonic acid on human health.
the south korean arachidonic acid market is highly competitive in nature. players such as cargill, dsm, basf, oat tech corporation, omegabiotek inc., and polaris nutraceuticals are striving to capitalize on the growing demand for the acid from dietary food supplement and nutraceutical players in the country. in addition, other key players are also focusing on launching innovative products in the arachidonic acid market.
to satisfy the rising demand for arachidonic acid, players operating in the market are looking to strengthen their existing production capacities and expand their product portfolios. over the following years, players in the market are expected to implement various strategies, such as collaborations and mergers & acquisitions, to gain a competitive edge.
overall, the south korea arachidonic acid market outlook from 2018 to 2032 is positive with increasing demand from dietary food supplements and nutraceuticals sectors in the country. with initiatives by the leading players in the industry, the market is projected to register a healthy growth during the forecast period.