Report Code: A12111 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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Arachidonic acid is a long-chain fatty acid that aids in the development of an infant's brain cells when combined with docosahexaenoic acid (DHA). Arachidonic acid is an omega-6 fatty acid that is one of the most important. Arachidonic acids are stored in cell membranes and send signals indicating adaptive changes in the event of muscle damage. The intake of arachidonic acids in the form of tablets, injections, and/or syrups can compensate for a lack of naturally forming arachidonic acids in the human body.
COVID-19 Impact analysis
A large number of arachidonic acid companies in multiple ways felt the impact of the COVID-19 pandemic, and they are now focusing on long-term growth. Arachidonic Acid and other chemical industries are critical to a country's economic recovery; hence, arachidonic acid companies are expected to see opportunities in the near future. While some industries will experience a drop in demand, many others will remain unaffected and show promising growth prospects. Due to the lockdowns imposed by the government during the pandemic, supply chain management of the arachidonic acid market has been widely impacted. In addition, many companies faced financial crisis.
Top Impacting Factors
The rising number of outdoor activities such as marathons, car racing, FIFA, and the Olympics, which all carry a high risk of physical injury, are expected to drive the demand for arachidonic acids. Furthermore, rising road accidents are a major contributor to the current rapid growth in arachidonic acid demand. The rising number of sporting events, increasing childcare awareness, increasing demand for baby products, and rising awareness about the benefits offered by arachidonic acids are all expected to provide significant opportunities for the arachidonic acids market to grow in developing countries. Market growth is being driven by rising demand for infant formula products as well as expanding applications in the food industry, such as women's nutrition products. In addition, rising pharmaceutical applications for the production of tablets, injections, and syrups are fuelling market growth. The market is also growing due to regulatory approval for the use of ARA in infant food and rising childcare awareness. The high cost of producing ARA, on the other hand, may limit market growth. However, the expanding biotechnology sector in emerging economies is expected to create potential opportunities during the forecast period.
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