About DHA Oil Supplement
Docosahexaenoic acid (DHA) is an omega-3 fatty acid essential for brain development during pregnancy and early childhood. It is also linked to improved heart health, better vision, and reduced inflammatory response. DHA is naturally produced in small quantities by our bodies, but to achieve adequate amounts, DHA needs to be taken in through dietary sources such as cold-water fish, grass-fed meat, dairy, or omega-3 enriched or pasture-raised eggs. It is also available as supplements, such as fish oil. The long-chain omega-3 fatty acid is found in cell membranes throughout the body and helps to transmit messages between nerves.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 6.9% |
In 2021, Nuseed Nutritional US Inc was offered product approval by the FDA for using Nutriterra Total Omega-3 as a new dietary ingredient. The new product has been found sustainable since it has been available to consumers. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global DHA Oil Supplement market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Koninklijke DSM NV (Netherlands), The Archer Daniels Midland Company (United States), Corbion NV (Netherlands), Novasep Holding SAS (France), Neptune Wellness Solutions (Canada), Clover Corporation Ltd (Australia) and Croda International PLC (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global DHA Oil Supplement market by Type (Fish Oil, Algal Oil, Krill Oil and Others (Mammalian Oil, ALA oil)), Application (Infant Formulae, Dietary Supplements, Fortified Food and Beverages, Pharmaceuticals and Others) and Region.
On the basis of Type, Fish Oil are dominating the market in the year 2022On the basis of geography, the market of DHA Oil Supplement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. If we see Market by Form, the sub-segment i.e. Oil will boost the DHA Oil Supplement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the DHA Oil Supplement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand For Vegan Or Plant-Based Products and Increasing Demand for DHA Oil Supplement in Food & Nutraceutical Industry
Market Growth Drivers:
Rise In Consumer Preference Towards High-Quality Supplement Product Owing To Stressful And Hectic Lifestyle
Challenges:
Offering Products With a Competitive Price Range
Restraints:
Restrictions On Fish Catches Affecting Fish Oil Production
Opportunities:
Changing Consumer Lifestyle And Growing Concerns Regarding Health Issues, Especially Coronary Heart Diseases And Developmental Disorders,
Market Leaders and their expansionary development strategies
In August 2023, Corbion, a supplier of algae-based feed ingredients, announced its first venture in the human nutrition industry with the launch of its AlgaVia line of products.
In May 2020, DSM has expanded its nutrition portfolio with ARA and DHA powder which is especially or infant nutrition. This powder contains a minimum 110 mg DHA and ARA. Furthermore, it is sourced from sustainable vegetarian DHA omega-3 and ARA omega-6 which aid to meet the global sustainable demands.
In 2019, FDA approved the health claims for DHA omega-3 consumption in the labeling of conventional foods and dietary supplements, about reducing the risk of hypertension and coronary heart disease.
Key Target Audience
DHA Oil Supplements Provider, Raw Material Suppliers, Traders/Exporters/Importers, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.