The global DHA supplements market is estimated to be valued at US$ 1,385.8 million in 2021 and is expected to exhibit a CAGR of 7.0% over the forecast period 2021-2028, as highlighted in a new report published by Coherent Market Insights. Market Overview: DHA supplements are dietary supplements that contain docosahexaenoic acid (DHA), a type of omega-3 fatty acid. DHA is a crucial nutrient for brain health and development, as well as cardiovascular health. It is naturally found in fish oil, algae oil, and certain seafood. However, many people do not consume enough DHA through their regular diet, which has led to the growing demand for DHA supplements. DHA supplements offer several advantages, including improved cognitive function, reducing the risk of heart disease, promoting eye health, and supporting infant development. These supplements are especially beneficial for pregnant women, breastfeeding mothers, infants, and older adults. The market for DHA supplements has witnessed significant growth due to the increasing awareness about the importance of DHA in maintaining overall health and wellness. Market Key Trends: One key trend in the DHA supplements market is the rising demand from the infant nutrition segment. DHA is an essential nutrient for infant brain development and visual function. As a result, DHA supplements are increasingly recommended for infants who are not receiving sufficient amounts of DHA through breast milk or formula. This trend is driven by the growing awareness among parents about the significance of early nutrition for their child's cognitive development. For example, leading players in the market, such as DSM and BASF Corporation, offer DHA supplements specifically designed for infant nutrition. These supplements are available in various forms such as powders, oils, and softgel capsules, making it convenient for parents to incorporate them into their child's diet. PEST Analysis: Political: The regulatory landscape regarding dietary supplements varies across different regions. Governments play a crucial role in setting guidelines and regulations for the manufacturing, labeling, and marketing of DHA supplements. Economic: The increasing disposable income of consumers in developing countries has led to a higher spending capacity on health and wellness products, including DHA supplements. Additionally, the rising healthcare costs associated with aging populations have also contributed to the growth of the DHA supplements market. Social: The growing awareness about the importance of a healthy lifestyle and preventive healthcare has driven the demand for DHA supplements. Consumers are becoming more conscious about incorporating nutritional supplements into their daily routines to meet their specific dietary needs. Technological: The advancements in technology have made it possible to extract DHA from sustainable sources such as algae, reducing the reliance on fish oil. This technological innovation has not only expanded the availability of DHA supplements but also addressed concerns about overfishing and environmental sustainability. Key Takeaways: 1: The global DHA Supplements Market Growth is expected to witness high growth, exhibiting a CAGR of 7.0% over the forecast period. This growth is driven by increasing awareness about the importance of DHA in maintaining overall health and wellness. The rising demand for DHA supplements from the infant nutrition segment is also contributing to market growth. 2: The Asia-Pacific region is expected to be the fastest-growing and dominating region in the DHA supplements market. The region has a large population base and a growing middle-class population with increasing disposable income. Moreover, the rising adoption of Western dietary patterns and lifestyle changes has led to an increased demand for nutritional supplements, including DHA supplements. 3: Key players operating in the global DHA supplements market include BASF Corporation, DSM, Cellana Inc., JC Biotech Pvt. Ltd, FEMICO, Croda International Plc, Pharma Marine AS, Clover Corporation, Omega Protein Corporation, Kingdomway Nutrition, Inc., ECPlaza Network Inc., Bizen Chemical Co. LTD, Stepan Company, Novotech Nutraceuticals, Inc., Arjuna Natural, Jiangsu Auqi Marine Biotechnology Co., Ltd., and Aker BioMarine. These players are focusing on product development, expanding their distribution networks, and strategic collaborations to strengthen their market positions. In conclusion, the global DHA supplements market is expected to witness significant growth due to the increasing awareness about the importance of DHA in health and wellness. The rising demand from the infant nutrition segment and the technological advancements in sustainable DHA sources are key trends driving market growth. The Asia-Pacific region is expected to be the fastest-growing and dominating region in the market. Key players are actively adopting strategies to capitalize on the growing demand for DHA supplements.
