Global Gamma Linolenic Acid Market Size By Sales Channel (Direct and Indirect), By Form (Powder and Liquid), By End-user Industry (Dietary Supplements and Functional Foods, Cosmetic and Personal Care), By Geographic Scope And Forecast

Gamma Linolenic Acid Market Size And Forecast

Gamma Linolenic Acid Market size was valued at USD 1,279.82 Million in 2020 and is projected to reach USD 2,645.52 Million by 2028, growing at a CAGR of 9.85%from 2021 to 2028.

The increasing use of gamma linolenic acid(GLA) in dietary supplements and functional is expected to drive the worldwide gamma-linolenic acid (GLA) market. The Global Gamma Linolenic Acid Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Gamma Linolenic Acid?

Gamma-Linolenic acid is normally found in seed oils. It is a fatty acid that is in category n-6 as it is a formula that is the first double bond on the methyl end and is the sixth bond. It is also termed carboxylic acid. It consists of 18 carbon chains and three cis double bonds. It is obtained from the seed oil of evening primrose. It can be extracted from various vegetable and seed oils.

Global Gamma Linolenic Acid Market Overview

The increasing use of gamma linolenic acid(GLA) in dietary supplements and functional is expected to drive the worldwide gamma-linolenic acid (GLA) market. The growing health benefits of gamma-linolenic acid (GLA) are expected to boost the worldwide gamma-linolenic acid (GLA) market. The side effects associated with gamma-linolenic acid (GLA) and the presence of alternatives for gamma-linolenic acid in the market may limit the market growth.

Global Gamma Linolenic Acid MarketSegmentation Analysis

The Global Gamma Linolenic Acid Market is segmented based on Sales Channel, Form, End-user Industry, and Geography.

Gamma Linolenic Acid Market, by Sales Channel

• Direct
• Indirect

Based on the Sales Channel, the market is bifurcated into Direct and Indirect. Direct accounted for the largest market share of 65.84% in 2020, with a market value of USD 842.62 Million, and is projected to grow at the highest CAGR of 10.37% during the forecast period. Indirect was the second-largest market in 2020, valued at USD 437.20 Million in 2020; it is projected to grow at a CAGR of 8.77%.

Gamma Linolenic Acid Market, by Form

• Powder
• Liquid

Based on the Form, the market is bifurcated into Powder and Liquid. Powder accounted for the largest market share of 72.58% in 2020, with a market value of USD 928.89 Million, and is projected to grow at a CAGR of 10.31% during the forecast period. The liquid was the second-largest market in 2020, valued at USD 350.93 Million in 2020; it is projected to grow at a CAGR of 8.53%.

Gamma Linolenic Acid Market, by End-User Industry

• Dietary Supplements and Functional Foods
• Cosmetic and Personal Care
• Pharmaceutical Industry
• Food and Beverage
• Animal Nutrition
• Others

Based on the End-User Industry, the market is segmented into Dietary Supplements and Functional Foods, Cosmetic and Personal Care, Pharmaceutical Industry, Food and Beverage, Animal Nutrition, and Others. Dietary Supplements and Functional Foods accounted for the largest market share of 26.58% in 2020, with a market value of USD 340.19 Million, and are projected to grow at the highest CAGR of 10.94% during the forecast period. Cosmetic and Personal Care was the second-largest market in 2020, valued at USD 323.30 Million in 2020; it is projected to grow at a CAGR of 10.06%.

Gamma Linolenic Acid Market, by Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Gamma Linolenic Acid Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific accounted for the largest market share of 35.98% in 2020, with a market value of USD 460.53 Million, and is projected to grow at the highest CAGR of 10.81% during the forecast period. North America was the second-largest market in 2020, valued at USD 372.80 Million in 2020; it is projected to grow at a CAGR of 9.96%.

Key Players

The “Global Gamma Linolenic Acid Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Enzo Life Sciences, Inc., Merck KGAA, Thermo Fisher Scientific Inc., Cayman Chemical, and Cherish Pharma.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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