Linolenic Acid Market size was valued at USD 71.83 million in 2023 and is anticipated to exceed USD 209.94 million by the end of 2036, registering over 8.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of linolenic acid is evaluated at USD 76.77 million.
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 linolenic acid market growth in the coming years.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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CAGR |
8.6% |
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Base Year Market Size (2023) |
USD 71.83 million |
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Forecast Year Market Size (2036) |
USD 209.94 million |
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Regional Scope |
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The linolenic acid 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.
Our in-depth analysis of the global market includes the following segments:
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Application |
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Source |
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In terms of regional analysis, the linolenic acid market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa. The Asia Pacific industry is anticipated to hold largest revenue share by 2036, owing to 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 linolenic acid market growth in the region include Germany, France, the UK, Italy, Spain, and Poland.
Author Credits: Rajrani Baghel
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