Alpha linolenic Acid Market

Global Alpha linolenic Acid Market Size (2024 to 2029):

Global Alpha linolenic Acid market share value is expected to grow at a CAGR of 4.2% during the forecast period 2024-2029 to reach USD 3342.37 million by 2029 from 2720.92 million in 2024. 

Alpha-linolenic acids (ALA) are fatty acids that can be found in plants. Plants contain an omega-3 fatty acid called Alpha linolenic acid. Some of the sources of Alpha linolenic acid are flaxseed oil as well as canola, soy, perilla, and walnut oils contain it (where it accounts for around 50% of the fatty acids) as well as canola oil (9%), unhydrogenated soybean (salad dressing) oil (7%), and olive oil (1%). For instance, data from the National Health and Nutrition Examination Survey show that the average daily intake in the United States is presently 1.3 g. Alpha linolenic acid may be converted by your body into EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid). According to some experts, the demand for Alpha linolenic acid remains robust in the pharmaceutical, food, and cosmetic industries, and it is projected to continue growing steadily. The global Alpha linolenic acid market is expected to experience substantial demand in the foreseeable future, mainly due to the continuous expansion of various end-use industries. Notably, distributors are making significant investments to enhance production capacities and expand their distribution networks, aiming to attract more consumers. These factors collectively contribute to the positive growth outlook of the global Alpha linolenic acid market.

The rising demands by the end-users in the pharmaceutical, food, cosmetic, and healthcare industry presents untapped opportunities in the global Alpha linolenic acid market. The global Alpha linolenic acid market shares have witnessed a significant increase in consumption, especially for its utilization in addressing a wide range of health issues, including conditions related to the heart and blood vessels, arterial hardening, certain heart diseases, and high blood pressure. Additionally, it is utilized to reduce the formation of blood clots in blood vessels. The growing demand for Alpha linolenic acid in diverse sectors like personal care, cosmetics, food and beverages, and other segments has opened up numerous lucrative opportunities for the market. 

Global Alpha linolenic Acid Market Drivers:

The primary factor which is expected to drive the global Alpha linolenic acid market demand is growing investments in the production sector and increasing applications of the product.

The global market is primarily propelled by increased investments in production across various end-user industries worldwide. Key market players and manufacturers are specifically concentrating on expanding their production capacities in response to the growing demand for Alpha linolenic acid in diverse sectors, including personal care, food, pharmaceuticals, cosmetics, healthcare, and others. These factors collectively are supposed to drive the market growth of the global Alpha linolenic acid market. Soon, the applications of the Alpha linolenic acid market are anticipated to be primarily driven by the growing demand from the personal care industry. Additionally, the utilization of Alpha linolenic acid in the food and pharmaceutical sectors is on the rise due to its favorable solvent properties. Additionally, the adoption of innovative technologies by producers contributes to enhanced Alpha linolenic acid production. Furthermore, the versatility of Alpha linolenic acid products has led to their increasing use as substitutes for certain other products. This is due to the expanding range of applications for these products. Thus, it is quite evident that the demand for Alpha linolenic acid will keep on rising and drive the market in the foreseeable future.

Global Alpha linolenic Acid Market Restraints:

The factors likely to hamper the market growth of the global Alpha linolenic acid market are the high cost of manufacturing and finished goods, including the substitute products which are easily available in the market. For instance, arachidonic acid can be a good replacement for linolenic acid. The body can synthesize arachidonic acid from linolenic acid. Arachidonic acid is primarily present in animal fats, and its occurrence is relatively limited. As an alternative, lipoic acid shares a similar therapeutic effect to Alpha linolenic acid. Numerous studies indicate that alpha-lipoic acid can contribute to reducing blood sugar levels. 

Moreover, the global Alpha linolenic acid market growth may face significant constraints due to its higher price compared to its substitutes, which is nearly double in cost. The pricing of Alpha linolenic acid varies depending on its form in the market. For instance, in tablet form, it can cost over US$ 2 and go up to US$ 10, while in powder form, the price can range from US$ 50 to 80. To overcome these challenges, the global market needs to address the manufacturing cost and the cost of finished goods. It is also essential to ensure that the nutritional level and therapeutic effects of Alpha linolenic acid products in the food industry match those of its competitor products. Considering these potential factors, the growth of the global Alpha linolenic acid market is likely to be hindered during the forecast period.

The rising demands by the end-users in the pharmaceutical, food, cosmetic, and healthcare industry presents untapped opportunities in the global Alpha linolenic acid market. The global Alpha linolenic acid market shares have witnessed a significant increase in consumption, especially for its utilization in addressing a wide range of health issues, including conditions related to the heart and blood vessels, arterial hardening, certain heart diseases, and high blood pressure. Additionally, it is utilized to reduce the formation of blood clots in blood vessels. The growing demand for Alpha linolenic acid in diverse sectors like personal care, cosmetics, food and beverages, and other segments has opened up numerous lucrative opportunities for the market. 

Impact of COVID-19 on the Global Alpha linolenic Acid Market:

Businesses across various industries worldwide faced significant disruptions during the global COVID-19 pandemic as governments implemented lockdown measures to contain the spread of the disease. Manufacturing facilities had to temporarily close, leading to production halts. Furthermore, the global availability of Alpha linolenic acid was impacted due to shortages of raw materials and disruptions in the supply chain caused by import and export restrictions imposed by different countries.

However, the food and beverages sector experienced a substantial surge in demand during and after the pandemic, driven by increased consumer demand for natural and organic food supplements. This trend led to a significant recovery of the global Alpha linolenic acid market value, as the supply of products related to Alpha linolenic acid rose to meet the heightened manufacturing demands. Health-conscious individuals sought out products with Alpha linolenic acid for their perceived health and nutritional benefits, further boosting the market growth during the pandemic period.

REPORT COVERAGE: 

This research report on the Global Alpha linolenic Acid Market has been segmented and sub-segmented based on source, applications, function & region. 

Global Alpha linolenic Acid Market - By Source:

• Seed
• Nut
• Vegetable Oil
• Others

Based on the source, the highest amount of Alpha linolenic acid can be found in seeds. Thus, the seed is likely to dominate the market in the foreseeable future. Seeds like sunflower seeds provide approximately 10 grams of linolenic acid per 1-ounce serving. Likewise, certain nuts such as pine nuts, pecans, and Brazil nuts offer 9 grams, 6 grams, and 6 grams of linolenic acid, respectively. Hence, nuts are considered to be a valuable source of linolenic acid.

Historically, people obtained sufficient linolenic acid from whole foods. However, the introduction of vegetable oils significantly increased linolenic acid intake. For instance, soybean oil, a prevalent ingredient in processed foods and restaurant dishes, typically comprises around 55% linolenic acid. Consequently, the consumption of vegetable oils rich in linolenic acid has increased from virtually zero since 1909 to make up around 20% of overall caloric intake.

Additionally, the linolenic acid content from other sources, including dairy and meat products, varies depending on the diets and lifestyles of the animals. Cheese may contain 4 to 8 grams of linolenic acid per serving, with certain types like blue, brie, and Swiss having higher levels. Meanwhile, the linolenic acid content in milk typically ranges from 3 to 6 grams per serving.

Therefore, it can be predicted to record the fastest CAGR in the forecast period of the global Alpha linolenic acid market.

Global Alpha linolenic Acid Market - By Applications:

• Food & Beverages
• Dietary Supplements
• Pharmaceuticals
• Cosmetics and Personal Care
• Slimming Products
• Others

Based on application, the food and beverages industry dominated the global Alpha linolenic acid market in 2022 with US$ 1.5 billion, and it is anticipated to grow at the highest CAGR during the projected period. The global Alpha linolenic acid market in the food industry is experiencing significant growth due to a shift in consumer consumption patterns and a rising preference for healthier lifestyles. Its increasing health benefits have led to its widespread application in various industries, including flavoring, aroma components, dairy, and baking. As awareness of its potential benefits grows, the demand for Alpha linolenic acid is expected to rise further, as it is believed to reduce the risks of type 2 diabetes, hypertension, and strokes.

On the other hand, the dietary supplement is likely to project the fastest CAGR during the forecast period due to the adoption of a healthy lifestyle by consumers. Moreover, cosmetics and personal care are also subjected to record substantial growth in the global Alpha linolenic acid market. For instance, linolenic acid finds diverse applications in the production of soaps, emulsifiers, and quick-drying oils. The reduction of linolenic acid results in linalyl alcohol. Due to its beneficial properties on the skin, linolenic acid has gained popularity in the beauty products industry.

Global Alpha linolenic Acid Market - By Region:

• Europe
• APAC
• MEA
• Latin Amrica
• North America

Based on region, the Asia-Pacific region, driven by countries like Japan, India, and China, is experiencing significant growth in the Alpha linolenic acid market. It is projected to surpass USD 1 billion in the estimated period, mainly due to the increasing application of Alpha linolenic acid in protective coatings, such as color-retentive and fast-drying alkyl & epoxy resin ester coatings. The construction spending surge, supported by infrastructural projects, is expected to boost the demand for paints and coatings, further contributing to regional market growth.

Moreover, in Europe, the linolenic acid market may witness considerable growth of up to 4%. This can be attributed to rapid product innovations focusing on natural cosmetic ingredients and the rising consumer preference for natural anti-aging skincare products. The presence of major manufacturers and premium cosmetic brands will also positively influence industry growth in the region. Additionally, the increasing awareness about Alpha linolenic acid is a significant factor driving the market in Europe. 

Developed economies like North America are expected to witness a higher fraction in the Alpha linolenic acid market compared to developing regions, owing to the presence of a mature manufacturing sector. Thus, North America is anticipated to record moderate to fastest CAGR in the given forecast period.

KEY MARKET PLAYERS:

Key Market Players of Global Alpha linolenic Acid Market are BASF SE (Germany), Life Extension (U.S.), DSM (Netherlands), Suzhou Fushilai (China), GeroNova Research, Inc. (U.S.), Croda International Plc (U.K.), KD Pharma Group SA (Germany), Golden Omega S.A. (Chile), MTC Industries (U.S.), Source Naturals (U.S.).

RECENT HAPPENINGS IN THE MARKET:

In July 2023, GeroNova Researchers have been investigating potential treatments for chronic COVID syndrome, which exhibits symptoms similar to chronic fatigue syndrome and fibromyalgia. In the study, they explored the effectiveness of a nutritional approach using a combination of coenzyme Q10 and alpha-lipoic acid to alleviate these symptoms.