DHA supplements are nutritional supplements used to boost brain and eye health by providing the omega-3 fatty acid docosahexaenoic acid (DHA). DHA is an important building block for the brain, eyes, and nerves.It supports normal brain and eye development in infants and protects against age-related decline for adults. Growing awareness regarding overall health and wellness is driving consumers to adopt a more proactive approach toward healthcare by opting for supplements and functional foods rich in DHA. DHA supplements come in the form of soft gels, capsules, and liquids and are taken orally. The Global DHA Supplements Market is estimated to be valued at US$ 1827.77 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the DHA Supplements are AtHoc, Inc.€“(BlackBerry Limited), F24 AG, Eaton Corporation plc, xMatters, Inc., Honeywell International, Inc., Omnilert, LLC ̧ IBM Corporation, Mir3, Inc., Siemens AG, Metis Secure Solutions, LLC, and Everbridge, Inc. Growing adoption of preventive healthcare and preference for maintaining brain and eye health positively impact the demand for DHA supplements. Technological advancements such as the availability of vegetarian DHA supplements extracted from algal sources provide new opportunities for manufactures in the market.
Market Trends
Growing health consciousness among consumers is driving the demand for DHA dietary supplements. Manufacturers are introducing innovative packaging and formulation such as soft gels, chewables to increase product appeal and adoption rate. Rising awareness about benefits of algal DHA is prompting many brands to offer vegetarian DHA supplements made from sustainable algal sources.
Market Opportunities
Emergence of clean label and organic certified supplements present new growth prospects. Growing focus on cognitive health among aging population creates growth potential for products targeting age-related mental decline. Rapid adoption of e-commerce and digital marketing by supplement brands help expand consumer outreach in untapped regional markets.
Impact of COVID-19 on DHA Supplements Market Growth
The outbreak of COVID-19 pandemic has significantly impacted the growth of global DHA Supplements Market. During the initial lockdown phases imposed across various countries, manufacturing and supply chain activities were suspended which disrupted the market growth. People were also hesitant to visit medical shops and pharmacies due to fear of infection which negatively affected the sales of DHA supplements. However, as research suggested that DHA plays an important role in boosting immunity, its demand increased steadily post lockdown easing. With growing health consciousness among people, the consumption and demand for supplements containing omega-3 fatty acids including DHA surged significantly from 2021 onwards. The market is expected to gain further momentum in the forecast period as preventive healthcare and immunity boosting gains increased importance worldwide in the ongoing pandemic situation. Manufacturers are also introducing innovative product formulations such as gummies, softgels etc to increase market penetration.
The DHA supplements market in North America accounts for the largest value share globally. Factors such as rising health awareness, busy lifestyles and increasing adoption of supplements on daily diet basis drive the market growth in the region. Europe holds the second largest value share and is expected to grow at a steady rate during the forecast period. The market in Asia Pacific region is anticipated to witness fastest growth owing to growing middle class population, rising discretionary spending on healthcare and wellness categories. Within Asia Pacific, China, Japan and India contribute significantly to the overall regional market growth in terms of value. Availability of large consumer base and rapidly developing healthcare infrastructure further supports the market expansion in Asia Pacific region.
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