As per this study the Global Gamma Linolenic Acid Market was valued USD 2.79 BN (by revenue) in 2022 and is anticipated to reach USD 6.36 BN by 2030 with a CAGR of 10.85%.
Gamma linolenic acid is termed as an omega-6 fatty acid. Gamma linolenic acid is found in various seed oils such as borage oil and evening primrose oil. It is used to treat various medical conditions such as rheumatoid arthritis, high cholesterol, heart disease, metabolic syndrome, diabetic nerve pain, attention deficit-hyperactivity disorder, chronic fatigue syndrome and for polyps in the mouth.
Market Dynamics
The growing preference for healthy lifestyle coupled with the rising trend of herbal products is driving the market growth. Additionally, the increasing incidence of heart diseases, blood pressure, high cholesterol, and breast cancer is further fuelling market demand. On the other hand, side-effect associated with gamma-linolenic acid is anticipated to restrict market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of gamma linolenic acid.
Market Segmentation
The broad gamma linolenic acid market has been sub-grouped into product type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Sales Channel
By Form
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for gamma linolenic acid in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Gamma Linolenic Acid Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the gamma linolenic acid market include Enzo Life Sciences, Inc., Merck KGAA, Thermo Fisher Scientific Inc., Cayman Chemical, and Cherish Pharma. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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