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CHEMICALS AND ADVANCED MATERIALS

Linolenic Acid Market Segmentation by Application (Personal Care & Cosmetics, Pharmaceuticals, Food & Nutrition, and Others); and by Source (Seeds, Nuts, Vegetable Oils, and Others) – Global Demand Analysis and Opportunity Outlook 2021-2029

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Extensive insights into the Growth of Linolenic Acid Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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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. It is an omega-3 fatty acid and is procured in 2 grades, including industrial and food grade. This acid is an essential acid as it holds a crucial function in human growth and development. The most significant functional application of this acid includes inhibition of prostaglandin synthesis in the prevention of a few chronic diseases and inflammation reduction.

Linolenic Acid Market

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 by the end of 2021 on account of a gradual shift in the consumer consumption pattern while simultaneously 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 sector.

Similarly, the pharmaceutical sector is also anticipated to witness notable growth in the demand. 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. 

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 region. 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 sectors in the region. Furthermore, in 2021, the market in North America and Europe is evaluated to occupy the largest share in terms of revenue, on account of growing levels of disposable income in tandem with the increased demand from the functional food and health supplements in the regions. Concurrently, the growing demand from the cosmetics sector 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 contributing countries include Germany, France, UK, Italy, Spain, and Poland. CLICK TO DOWNLOAD SAMPLE REPORT

Linolenic Acid Market

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 and 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.

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