Global DHA Supplements Market is segmented By Source (Fish Oil, Algal Oil, Krill Oil, Others), By Form (Liquid, Capsule, Powder), By Application (Pharmaceutical, Food and Beverages, Others), By Distribution Channel (Pharmacy and Drug Stores, Grocery Stores, Specialty Stores, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, And Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
DHA Supplements Market Size
Global DHA Supplements Market reached USD 1.4 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 2.3 billion by 2030, growing with a CAGR of 6.5% during the forecast period 2024-2031. The demand for DHA supplements, also referred to as docosahexaenoic acid or omega-3 supplements, has witnessed a significant growth in the health and wellness industry.
DHA supplements, derived from fish oil or algal oil, are increasingly appreciated for their extensive health benefits. DHA, renowned for its positive effects on brain health, cognitive function, and eye health, has captured the attention of individuals looking to improve their overall wellness which is driving the global DHA market value.
The market for DHA supplements has expanded with the launches of plant-based and vegan alternatives derived from algal oil. This development has not only catered to individuals who follow plant-based diets but also appealed to those seeking sustainable and environmentally-friendly options. As a result, a diverse range of consumers who prioritize brain health, cognitive function, and eye health are contributing to the substantial growth of DHA supplements market in the forecast period.
Market Summary
| Metrics | Details |
| CAGR | 6.5% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Source, Form, Application, Distribution Channel and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
The Rising Demand for Dietary Supplements is Driving the Market Expansion.
The global DHA supplements market is experiencing substantial growth, primarily propelled by the rising demand for dietary supplements. DHA, or docosahexaenoic acid, is a key omega-3 fatty acid known for its numerous health benefits. As consumers are becoming more health-conscious and seeking for proactive measures to support their well-being, the demand for DHA supplements is witnessing rapid growth.
The increasing awareness of the health benefits associated with DHA is a major factor behind the market's growth. DHA plays a critical role in brain health, cognitive function, and eye health. It is essential for optimal brain development and function throughout life, and has been linked to improved cognitive performance and memory. Additionally, DHA is highly concentrated in the retina and supports visual function, making it beneficial for maintaining 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
Research and development (R&D) on DHA supplements is expected to drive the DHA supplements market in the coming years. This is because R&D is leading to the development of new and innovative DHA supplements that are more effective and have fewer side effects. For instance, some companies are developing DHA supplements that are more bioavailable, meaning that they are more easily absorbed by the body.
Other companies are developing DHA supplements that are targeted to specific areas of the body, such as the brain or the heart. 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.
The high cost of DHA supplements and erratic global regulations are the main factors restraining the growth of the DHA supplement market globally. For instance, the article published in May 2021 by ScienceDirect, the premier source for scientific, technical, and medical research, stated that the absence of government regulations on oxidative quality specific to dietary supplements and the unclear requirements for content labelling make it difficult to assess the compliance of dietary supplement products, including DHA.
Market Segmentation 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 Fish Oil Segment Holds the Largest Market Share.
The interest of consumers in maintaining their general health and wellbeing is rising. Among other potential advantages, DHA is thought to support cardiovascular, eye, and brain health. As a result, a growing number of consumers are including DHA supplements in their daily diet. For instance, in 2021, scientific research highlighting the potential advantages of Fish oil DHA Supplements has also driven market growth.
Studies have suggested that Fish oil DHA play a role in cognitive development, reducing the risk of certain chronic diseases, and supporting overall mental and physical health. These findings have further increased consumer awareness and generated interest in DHA supplements.
Market Geographical Share
The North America Region Held 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. The DHA supplement market in North America is growing rapidly, driven by increasing awareness of the benefits of DHA for health, the growing popularity of prenatal supplements, and the increasing availability of DHA supplements in a variety of forms.
The latest trends in the DHA supplement market include the increasing use of algal oil as a source of DHA, the growing popularity of flavored DHA supplements, and the increasing use of DHA supplements for cognitive health in the North American countries like the US, Canada and Mexico.
For instance, on March 18, 2021, DSM launched two new high-quality lipid powders for infant nutrition, DHASCO-B and ARASCO powders — containing a minimum of 110 mg/g DHA (docosahexaenoic acid) or ARA (arachidonic acid) respectively in the North American countries.
DHA Supplements Market Companies
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.
COVID-19 Impact on Market
Covid-19 Impact
The World Health Organization declared a public health emergency on January 30, 2020, as a result of the disease's global spread since the COVID-19 virus outbreak in December 2019. The disease has been detected in over 100 countries.
Three main ways that COVID-19 can impact the economy are directly affecting production and demand, disrupting distribution channels, and having an economic impact on businesses and financial markets. Many nations, including China, India, Saudi Arabia, the United Arab Emirates, Egypt, and others, are having difficulty moving drugs from one location to another as a result of widespread lockdowns.
The COVID-19 pandemic, however, highlighted the significance and potential advantages of dietary supplements, including DHA, in battling the infection. For instance, preliminary data from banked blood samples of 100 COVID-19 patients suggest that patients with a higher omega-3 index, a measurement of the amount of EPA and DHA in red blood cells, had a lower risk of dying from COVID-19, according to an article published by the American Society for Microbiology in May 2021. The same source stated that, there is strong evidence that n-3 fatty acids and other lipids derived from fish oil have anti-inflammatory and antithrombotic properties, suggesting that they useful as a treatment for the prothrombotic side effects of COVID-19.
By Source
- Fish Oil
- Algal Oil
- Krill Oil
- Others
By Form
- Liquid
- Capsule
- Powder
By Application
- Pharmaceutical
- Food and Beverages
- Others
By Distribution Channel
- Pharmacy and Drug Stores
- Grocery Stores
- Dietary Supplement Stores
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- On July 24, 2021, Polaris launched ultra-purified micoalgae DHA oil. After more than 25 years in the omega market, Polaris is looking to become a forerunner in the field of fish-free omega 3, with the launch of a microalgae oil at least 800 mg/g of DHA supplements.
- 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.
- On March 18, 2023, Theralogix TheraNatal launched Prenatal Vitamin Supplement with DHA, 91 Day Supply. One softgel and two tablets a day provide the most comprehensive formula for baby & mom, including 250 mg of choline, methylated folate, and 300 mg of DHA supplement.
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 93 tables, 109 figures and 190 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
