Global DHA Supplements Market - 2023-2030

Global DHA Supplements Market - 2023-2030

Global DHA Supplements Market reached US$ 1.4 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 2.3 billion by 2030, growing with a CAGR of 6.5% during the forecast period 2023-2030. DHA supplements, also known as docosahexaenoic acid supplements or omega-3 supplements, are increasingly popular due to their health benefits for brain health, cognitive function, and eye health.

DHA is an essential omega-3 fatty acid that is found in fish oil, algal oil, and some other foods which is driving the global DHA supplements market. However, many people do not get enough DHA in their diet, so they may need to take a supplement. The DHA supplement market is growing rapidly, as more and more people are becoming aware of the benefits of DHA for health so the market is expected to continue to grow in the forecate period.

On the other hand, the number of people following a vegan or vegetarian diet is increasing, which is driving demand for plant-based DHA supplements and the regulatory landscape for DHA supplements is evolving, which is creating new opportunities for businesses in this market.

Market Dynamics

Rising Demand for Dietary Supplements is Driving the Market Expansion

The global DHA supplements market is growing rapidly due to the increasing demand for dietary supplements. DHA is an omega-3 fatty acid that is essential for brain health, cognitive function, and eye health. As consumers become more health-conscious, they are seeking out supplements to support their well-being.

DHA is a popular choice because of its many health benefits and the market for DHA supplements is expected to continue to grow in the forecast period as more people become aware of the benefits of DHA. DHA is a safe and effective supplement that can help to improve brain health, cognitive function, and eye health. For instance, on May 08, 2023, Corbion launched “Algal Omega-3” and “Omega-9” Products for Dietary Supplements.

Research and Developments on DHA Supplements is Expected to drive the Market

As research on the health benefits of DHA continues to grow, the demand for DHA supplements is growing rapidly. This is leading to increased investment in research and development of new DHA supplements. Companies are developing new forms of DHA supplements that are more bioavailable and easier to digest. They are also developing new delivery methods for DHA supplements, such as sublingual tablets and nasal sprays.

The research and development of new DHA supplements is expected to drive the growth of the DHA supplements market in the anticipated period. As more people become aware of the health benefits of DHA, the demand for DHA supplements is expected to increase. For instance, in 2021, the studies have proved that the Docosahexaenoic acid (DHA) is an omega-3 fatty acid essential for brain development during pregnancy and early childhood.

The High Cost of DHA Supplements is Hampering the Market Expansion.

DHA is a relatively rare fatty acid, which means that it is more expensive to produce and DHA supplements are often made from fish oil, which can also be expensive. DHA supplements are often marketed as a ""natural"" or ""healthy"" product, which can also drive up the price. The high cost of DHA supplements is a barrier to enter into the market for startup manufacturers.

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).

Artificial Intelligence Analysis

Artificial intelligence (AI) can be used to analyze DHA supplements in a number of ways. For instance, AI can be used to identify the ingredients in DHA supplements, assess the quality of DHA supplements, identify potential interactions with other medications, and predict the effectiveness of DHA supplements. This information can be helpful for consumers who are looking for information about DHA supplements. AI can be used to scan the ingredients list of a DHA supplement and identify the specific types of DHA and other ingredients that are included. This data can be helpful for consumers who are looking for specific types of DHA supplements or who are trying to avoid certain ingredients. AI can also be used to assess the quality of DHA supplements by analyzing the purity, potency, and bioavailability of the DHA.

Segment Analysis

The global DHA supplements market is segmented based on source, form, application, distribution channel and region.

In the Global Market of DHA Supplements, the Pharmaceuticals is the Fastest Growing Segment

In DHA supplements market pharmaceutical segment is expected to continue to grow in the forecast period. As more people become aware of the health benefits of DHA and as new delivery methods are developed, the demand for DHA supplements is expected to increase.

For instance, in 2020, the FDA approved the use of a DHA supplement called Lovaza for the treatment of high triglyceride levels. On the other hand, on March 7, 2023, Nordic Naturals launched Nordic Naturals Prenatal DHA, Unflavored - 180 Soft Gels - 830 mg Omega-3 + 400 IU Vitamin D3 which supports brain development in babies during pregnancy & lactation.

Geographical Analysis

North America is the Largest Market in the DHA Supplements Market

The market for DHA supplements is expanding quickly in North America, driven by rising interest in prenatal supplements, rising DHA supplement availability in a variety of forms, and growing knowledge of the health benefits of DHA. The use of flavoured DHA supplements, increased use of algal oil as a source of DHA, and increased use of DHA supplements for cognitive health in North American nations like the US, Canada, and Mexico are some of the most recent trends in the market for DHA supplements.

For instance, on January 28, 2023, DSM launched a new DHA supplement called Opti-DHA in the United States. Opti-DHA is essential for brain and visual development and is vital throughout pregnancy to support fetal brain growth and formation of the retina and visual cortex. As the most abundant fatty acid in the brain, adequate amounts of DHA are needed throughout infancy and adulthood for ongoing optimal function.

Competitive Landscape

The major global players in the market include BASF Corporation, DSM, Cellana Inc., JC Biotech Pvt.Ltd, FEMICO, Croda International Plc, Pharma Marine AS, Clover Corporation, Omega Protein Corporation, and Kingdomway Nutrition, Inc.

Why Purchase the Report?
• To visualize the global DHA supplements market segmentation based on source, form, application, distribution channel, 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 supplements 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 supplements market report would provide approximately 61 tables, 58 figures and 190 Pages.

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