Linolenic Acid Market Highlights 2020-2029
The linolenic acid market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. The growth of the market can be attributed to factors such as the growing demand for nutritional and functional dietary supplements across the globe and increasing emphasis to use natural ingredients in food. In addition to these, rising usage of linolenic acid for the treatment of several cardiovascular diseases is also anticipated to drive market growth in the coming years.
The market is segmented based on the applications into personal care & cosmetics, pharmaceuticals, food & nutrition, and others, out of which, the food & nutrition segment is anticipated to grab the major share in the market by the end of 2029 on account of a gradual shift in the consumer consumption pattern and increasing preference for a healthier lifestyle. In addition, the rapidly growing number of health benefits from the acid has resulted in its increased application in the dairy, baking, and confectionery sectors. Similarly, the pharmaceutical segment is also anticipated to witness notable growth in the near future. This can be attributed to the growing adoption of linolenic acid for the prevention and treatment of cardiovascular diseases. The acid is used to lower the risk of heart attacks, high blood pressure, and high cholesterol levels. Furthermore, it is also used to treat rheumatoid arthritis, multiple sclerosis, ulcerative colitis, and Crohn’s disease. Few other uses include the treatment of migraine, skin cancer, allergies, as well as inflammatory conditions such as eczema and psoriasis. CLICK TO DOWNLOAD SAMPLE REPORT
Linolenic Acid Market Regional Synopsis
In terms of regional analysis, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa. The Asia Pacific region is anticipated to grow at the highest CAGR over the forecast period owing to the increasing adoption of linolenic acid in various end-use industries in the region. Furthermore, the market in North America and Europe are evaluated to occupy the largest shares in terms of revenue during the forecast period, on account of growing levels of disposable income in tandem with the increased demand for functional food and health supplements in the regions. Concurrently, the growing demand for linolenic acid from the cosmetics industry in the Europe, particularly from Western European countries has also strengthened the market growth. As per the statistics of Cosmetics Europe, the overall cosmetics and personal care market in the region was valued at USD 89.65 billion in 2019. Moreover, the key countries contributing to market growth in the region include Germany, France, the UK, Italy, Spain, and Poland.
The global linolenic acid market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global linolenic acid market includes the following segments:
By Application
- Personal Care & Cosmetics
- Pharmaceuticals
- Food & Nutrition
- Others
By Source
- Seeds
- Nuts
- Vegetable Oils
- Others
Growth Drivers
- Rapidly Increasing Demand from the Food & Nutrition Sector
- Growing Adoption for Treatment of Various Cardiovascular Diseases
Challenges
- High Price Associated with the Compound
Top Featured Companies Dominating the Market
- BASF SE
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- DSM
- Croda International Plc
- KD Nutra
- Cayman Chemical
- Merck KGaA
- TCI Chemicals (India) Pvt. Ltd.
- Parchem fine & specialty chemicals
- MTC Industries Inc.
