Global DHA Market - 2023-2030

Global DHA Market - 2023-2030

Global DHA Market reached US$ 780.2 million in 2022 and is expected to reach US$ 1,109.5 million by 2030 and is expected to grow with a CAGR of 4.5% during the forecast period 2023-2030. The primary driver for DHA market growth is owing to its health benefits. In a study, eating DHA reduced rheumatoid arthritis symptoms by 28%. Since inflammation and heart disease are related, reducing inflammation may also reduce your risk of coronary events.

Docosahexaenoic acid is being used more frequently across a variety of industries as a result of the rise in the number of health-conscious people. Docosahexaenoic acid is increasingly being consumed globally, which is fostering market expansion. Because of the multiple advantages it offers in terms of disease prevention and treatment, docosahexaenoic acid use and production have expanded.

The market for docosahexaenoic acid as a whole benefit from the rising usage of health supplements in daily diet. The primary barrier to growth in the worldwide docosahexaenoic acid market is the lack of suitable replacements. Furthermore, negative side effects like foul breath, bad taste, headaches, and others discourage people from using docosahexaenoic acid-based goods.

Market Dynamics

The Global Docosahexaenoic Acid Market is Being Driven by its Health Benefits.

DHA is associated with plenty of health benefits. DHA levels in the brain are known to decrease with age and are linked to the start of sporadic Alzheimer’s disease. Cardiovascular disease is the main killer in Western countries. Cardiovascular diseases (CVDs), which claim an estimated 17.9 million lives annually, are the leading cause of mortality worldwide, according to the WHO report 2021.

Coronary heart disease, cerebrovascular disease, rheumatic heart disease, and other illnesses are among the category of heart and blood vessel disorders known as CVDs. Heart attacks and strokes account for more than four out of every five CVD deaths, and one-third of these deaths happen before the age of 70. Due to the prevalence of heart diseases, consumers are opting for DHA supplements, which is driving the DHA market growth.

Growing Importance of DHA among Breastfeeding Mothers and Pregnant Women

Women who are expecting or nursing should take at least 200 mg of DHA daily. The current suggestion may be too low, according to a recent study. According to Stoutjesdijk et al., women should eat 535 + 215mg DHA+EPA per day during the third trimester and 715 + 285mg DHA+EPA per day during the first month of breastfeeding in order to ensure that the newborn has access to the optimum concentrations of LCPUFAs.

Importantly, obtaining these amounts of LCPUFAs can be accomplished simply by eating the necessary 10 oz (2–3 meals) of fish each week. However, not many Americans consume as much fish. The weekly average for Americans is only 4 oz, which is less than half the advised quantity.6 Additionally, the most popular types are low in LCPUFAs.

The Overconsumption of DHA Leads to Many Health Issues, which is Hindering the Market Growth.

DHA has anti-inflammatory characteristics, which is one of the reasons it may be good for inflammation and heart health. However, the researchers noted that excessive DHA can occasionally change immune function in ways that may cause an ineffective immune response to a bacterial or viral infection. The body's capacity to combat microbial infections like bacteria can be impacted by an immune system that isn't functioning properly due to excessive DHA ingestion.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global DHA market is segmented based on source, application, end-user, and region.

In the Global Market of DHA, the Pharmaceuticals of Application Segment Holds the Largest Market Share.

The global DHA market has been segmented by application into animal feed, pharmaceuticals, functional food and beverages, cosmetics, and others. The pharmaceuticals segment held the largest DHA market share of 42.8% in 2022 in the DHA market analysis report. Dietary supplements, infant formula, and maternal nutrition are the wide applications of DHA in the pharmaceutical industry.

DHA is essential for the growth of nerve and ocular structures. By reducing blood thickness, inflammation, and lipid levels in circulation, DHA may help minimize the chance of developing vision health, cognitive development, and circulatory disease. DHA is frequently used by people to treat high blood fat or cholesterol levels. Additionally, it is used to improve memory and cognitive abilities, assist newborn and child development, treat some eye diseases, and treat a variety of other ailments.

Geographical Analysis

The Asia-Pacific Region Held the Largest Share in DHA Market.

The global DHA market is segmented into five parts of the world based on geography: North America, South America, Europe, Asia Pacific, the Middle East, and Africa. The Asia-Pacific DHA market held the largest market share of 32.6% in 2022 in the DHA market analysis. The demand in the region is anticipated to increase as consumers become more aware of the advantages of consuming DHA supplements.

Customers in this region choose to consume DHA-rich fish in their diets over items made from algae. As a result, food producers do not believe it is worthwhile to increase production costs by substituting pricey algal omega-3 fatty acids components for ones derived from fish. Due to rising knowledge of the critical role that DHA plays in brain development and other essential processes, there has also been an increase in the demand among youngsters to meet their essential nutritional needs.

Competitive Landscape

The major global players in the market include BASF SE, Clover Corporation, Croda Inc., Nordic Naturals, Omega Protein Corporation, DSM N.V., Cargill, Incorporated., Copeinica, Epax, and Givaudan.

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

Covid-19 Impact:

The DHA market was significantly impacted by COVID-19. During the epidemic, consumer purchasing habits altered. This resulted from a rise in consumer demand in wholesome, nutritious meals. Because consuming these goods improves physical and mental health, DHA-containing products are among the top choices of customers. For instance, one of the major competitors in this market, Archer Daniels Midland Company, predicted a rise of 76% in the first quarter of fiscal 2021.

The market is expanding as a result of factors like growing consumer knowledge of the health advantages of DHA. As more people live longer, the industry is likewise becoming more significant and a component of consumers' regular diets.

Why Purchase the Report?
• To visualize the global DHA market segmentation based on source, application, end-user, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of DHA market-level with all segments.
• The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The global DHA market report would provide approximately 61 tables, 61 figures, and 190 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies