DHA Supplements Market Growth And Forecast 2023-2030

Global DHA Supplements Market Surpasses USD 1.4 Billion in 2022, Set to Reach USD 2.3 Billion by 2030:
The global DHA Supplements Market achieved a valuation of USD 1.4 billion in 2022, with projections indicating substantial growth, aiming to reach USD 2.3 billion by 2030. This surge is expected to be fueled by a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period spanning 2023-2030. The increased demand for DHA supplements, also known as docosahexaenoic acid or omega-3 supplements, is a key driver of this notable expansion within the health and wellness sector.

Derived from fish oil or algal oil, DHA supplements have gained prominence for their manifold health benefits. Recognized for positively impacting brain health, cognitive function, and eye health, DHA has become a focal point for individuals seeking to enhance their overall well-being, propelling the global DHA market value.

The market landscape has broadened with the introduction of plant-based and vegan alternatives, sourced from algal oil. This innovation caters not only to plant-based dieters but also resonates with those seeking sustainable and environmentally-friendly options. Consequently, a diverse consumer base prioritizing brain health, cognitive function, and eye health is contributing significantly to the anticipated growth of the DHA supplements market in the forecast period.

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DHA Supplements Market Dynamics:
The Rising Demand for Dietary Supplements Drives Market Expansion
The global DHA supplements market is witnessing substantial growth, primarily propelled by the escalating demand for dietary supplements. DHA, a key omega-3 fatty acid renowned for its health benefits, is gaining popularity as consumers become more health-conscious, actively seeking proactive measures to support their overall well-being.

Increased awareness of the health benefits associated with DHA, particularly its crucial role in brain health, cognitive function, and eye health, is a major factor driving market growth. Notably, on May 08, 2023, Corbion unveiled "Algal Omega-3" and "Omega-9" products for dietary supplements, further emphasizing the industry's commitment to meeting consumer demands.

Research and Developments on DHA Supplements Expected to Drive the Market:
Anticipated growth in the DHA supplements market is attributed to ongoing research and development (R&D) efforts. These initiatives aim to introduce new and innovative DHA supplements that are more effective and have fewer side effects. Companies are exploring formulations that enhance bioavailability, ensuring better absorption by the body. Additionally, targeted supplements for specific areas such as the brain or the heart are under development, reinforcing the industry's commitment to advancing product efficacy.

For instance, studies in 2021 underscored the essential role of Docosahexaenoic acid (DHA), an omega-3 fatty acid crucial for brain development during pregnancy and early childhood.

High Cost of DHA Supplements Hampers Market Expansion:
The high cost of DHA supplements and inconsistent global regulations emerge as significant factors impeding the global growth of the DHA supplement market. Notably, a May 2021 article from ScienceDirect highlighted challenges such as the absence of government regulations on oxidative quality specific to dietary supplements and unclear requirements for content labeling, making it difficult to assess compliance.

DHA Supplements Market Segmentation Analysis:
Global DHA Supplements Market Segmentation: Source, Form, Application, Distribution Channel, and Region

In the Global Market of DHA Supplements, the Fish Oil Segment Holds the Largest Market Share
As consumers increasingly prioritize general health and well-being, the market share of the Fish Oil segment within the global DHA supplements market is expanding. DHA, acknowledged for its potential advantages in supporting cardiovascular, eye, and brain health, is gaining traction among consumers. Scientific research in 2021 highlighting the potential advantages of Fish oil DHA supplements further propels market growth.

North America Region Holds the Largest Share in DHA Supplements Market:
In 2022, the North America region accounted for approximately 31.1% of the market share in the global DHA Supplements market. Rapid growth in the North American DHA supplement market is attributed to increasing awareness of DHA benefits, the popularity of prenatal supplements, and the availability of DHA supplements in diverse forms.

Recent trends include the rising use of algal oil as a DHA source, the popularity of flavored DHA supplements, and increased utilization of DHA supplements for cognitive health in North American countries like the US, Canada, and Mexico. Notably, on March 18, 2021, DSM launched two new high-quality lipid powders for infant nutrition in North America.

DHA Supplements Market Key Players:
Major Global Players: 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.

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Relevant Report:

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