DHA Market: Analysis by Trends, Technology, Industry Share, Revenue, and Growth Opportunities-BASF SE, Clover Corporation, Croda Inc.

DHA Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the DHA market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global DHA market from 2024 to 2031, and what is the market value expected to change by 2031?

Global DHA Market reached US$ 780.2 million in 2023 and is expected to reach US$ 1,109.5 million by 2031 and is expected to grow with a CAGR of 4.5% during the forecast period 2024-2031.

What is DHA Market?

The DHA (docosahexaenoic acid) market centers around the production and application of this essential omega-3 fatty acid, which is crucial for brain health, cardiovascular function, and overall wellness. DHA is primarily sourced from fish oil and algae, making it popular in dietary supplements, functional foods, and infant formulas. The market is driven by rising consumer awareness of the health benefits associated with omega-3 fatty acids, increasing demand for nutritional products, and growing interest in preventive healthcare. Additionally, the shift towards plant-based and sustainable sources of DHA is fostering innovation and expanding market opportunities across various sectors.

Growth Driver

Health Benefits Driving Growth in the Global Docosahexaenoic Acid (DHA) Market

The global market for docosahexaenoic acid (DHA) is gaining momentum, largely due to its significant health benefits. DHA plays a vital role in supporting brain health, vision, and cognitive development in infants, making it essential for their functional growth. For adults, maintaining adequate DHA levels is crucial for normal brain function. A deficiency in DHA has been associated with learning difficulties, while a diet rich in DHA has been shown to enhance learning capabilities. Notably, the brain preferentially absorbs DHA over other fatty acids, and its turnover rate is remarkably high, highlighting the importance of regular DHA intake. As awareness of these health benefits grows, so does the demand for DHA supplements and products, driving market expansion.

Key Players:

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

Industry Development:

In February 2023, GC Rieber VivoMega launched VivoMega Algae Oils, a highly concentrated vegan omega-3 oil derived from microalgae. This product caters to the growing demand for plant-based omega-3 alternatives, providing a sustainable source of essential fatty acids.

In November 2022, FrieslandCampina Components announced a significant expansion of its Vana®-Sana line, which offers premium micro-encapsulated long-chain polyunsaturated fatty acids (LCPUFA) for infant milk formula (IMF). This expansion includes the introduction of a new ingredient with arachidonic acid (ARA) derived from fungus oil, alongside two new docosahexaenoic acid (DHA) products based on algal oil, enhancing the nutritional profile of infant formulas.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global DHA market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Source: Algae Oil, Fish Oil, Krill Oil, Others.

By Application: Pharmaceuticals, Animal Feed, Functional Food and Beverages, Cosmetics, Others.

By End-User: Infants, Children and Adults, Breastfeeding Mothers and Pregnant Women, Others.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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