Alpha-Linolenic Acid Market

The market for Alpha Linolenic Acid (ALA) is observed to be growing at a moderate rate in developed economies such as Europe and North America as compared to developing regions due to the matured industrial sector in the former. The pharmaceutical, food and cosmetic industries are still major consumers of alpha linolenic acid and this consumption is expected to grow at a healthy rate. As ALA is required for regular metabolic activities as the human body cannot synthesize these acids on its own, the ALA market for the food and pharmaceutical industry is expected to have continual growth. The North American region is expected to grow at a CAGR between 8%-12% from 2014 to 2019.

This market is bifurcated into source ( seed, nuts, vegetable oils, and others) by value (USD million) and by volume (million tons), application (pharmaceutical, food, cosmetics, and others) by value (USD million) and by volume (million tons), and region (North America, Europe, Asia-Pacific, and rest of the world).

The global ALA market is projected to grow at a CAGR of 10.6% from 2014 to 2019. A major factor contributing to the growth of the ALA market in Europe is the increasing level of awareness about ALA. Asia-Pacific is the fastest growing and emerging market for ALA.

The market is dominated by many large companies and comprises various regional large- and medium-scale players. The giants identified in the ALA industry are BASF SE (Germany) and nutritional company Royal DSM N.V. (Netherlands) with technical and geographical advantage to gain a substantial market share.

The market is segmented as mentioned below:-

By Source

• Seed
• Nut
• Vegetable Oil
• Others

By Application

• Food
• Dietary Supplements
• Pharmaceuticals
• Cosmetics
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)