The global DHA Supplements Market is estimated to be valued at US$ 1,586.6 Mn or Mn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
DHA supplements contain docosahexaenoic acid (DHA), an omega-3 fatty acid that is widely used as a dietary supplement. DHA plays an important role in brain, eye, and heart health. It helps in brain development in infants and provides cardiovascular benefits in adults.

Market key trends:
The DHA supplements market has been witnessing rising awareness about health and nutrition benefits associated with DHA such as improved brain and eye health, reduced risk of heart diseases, and anti-inflammatory properties. Owing to busy lifestyles and lack of dietary DHA sources, consumers are increasingly opting for DHA supplements in capsule or softgel form. Furthermore, growing use of DHA in infant formula products is expected to boost the market growth over the forecast period.


Market key trends:
DHA Supplements Market Size has been witnessing rising popularity owing to increasing health consciousness among consumers and growing awareness about the various health benefits of DHA. DHA is known to support brain, eye and heart health. It plays a key role in fetal brain development and offers several cognitive benefits. Rising cases of lifestyle diseases and focus on preventive healthcare has been driving the demand for DHA supplements. Manufacturers are engaging in new product launches with improved formulations, flavors and delivery formats to better cater to consumer needs.

SWOT Analysis
Strength:
- Strong research backing various health benefits of DHA such as brain and heart health
- Growing health and wellness trend creating demand for supplements
Weakness:
- Expensive extraction process increases production costs
- Requirement of large dose to observe tangible health outcomes
Opportunity:
- Untapped growth potential in developing regions
- Rising adoption of algae-derived DHA by vegetarians and vegans
Threats:
- Stiff competition from other omega-3 supplements such as EPA
- Threat of substitutes like fish oil supplements

Key Takeaways
The global DHA supplements market is expected to witness high growth, exhibiting CAGR of 7.0% over the forecast period, due to increasing health awareness among consumers and growing body of clinical research supporting role of DHA in brain and eye development.

Regional analysis:
North America dominates the global DHA supplements industry, owing to high consumer awareness about supplements. Asia Pacific is expected to be the fastest growing market, driven by rising health consciousness, growing disposable incomes and large consumer base.

Key players operating in the DHA Supplements Market are 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.

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