DHA Powder Market Size, Share, Growth, and Industry Analysis by Type (Alage DHA Powder, Fish Oil DHA Powder, and Others), By Application (Infant Formula, Dietary Supplements, Food & Beverage, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

DHA Powder Market Report Overview

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The global DHA powder market size was USD 1076.4 million in 2021 and is projected to touch USD 1476.43 million by 2031, exhibiting a CAGR of 3.2% during the forecast period. 

DHA (docosahexaenoic acid) is an omega-3 fatty acid that can be obtained from algae or is frequently found in fish like mackerel, tuna, salmon, cold liver. DHA is known to improve brain and eye functions in newborns and is essential for neurological and visual development. DHA supplements aid to lower blood pressure, improve ADHD and vision, lower the risk of early preterm deliveries, lower the risk of heart disease, and may help to lessen Alzheimer's disease symptoms.

Global DHA powder market growth is being fueled by significant variables like rising cardiovascular disease incidence, need for organic products, and rising infant formula demand. Although DHA is naturally produced in small amounts by human bodies, appropriate levels must be attained by dietary sources such cold-water fish, grass-fed meat, dairy, or eggs that have been grown on pasture. There are additional supplements like fish oil.

COVID 19 Impact: Supply Chain Disruption to Hamper Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with DHA powder experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The advent of cutting-edge medical treatments and rising internet usage, healthcare companies are currently operating in a dynamic environment that is undergoing seismic shifts. This has smart patients being more cautious, along with unmatched online access to astonishing amounts of knowledge. As a result, there is a growing need for intelligent, reasonably priced, and customized healthcare services. The COVID-19 epidemic has also increased demand for healthcare and related goods and services, boosting the performance of the healthcare sector as a whole. The COVID-19 pandemic did, however, significantly accelerate the global demand for bioactive components, such as DHA, as a result of rising consumer demand for fortified foods, beverages, and dietary supplements. This was true despite supply chain disruptions.

LATEST TRENDS

"Increasing Demand from Healthcare Sector to Foster Market Expansion"

DHA are becoming more significant and prevalent in consumers' daily meals on a global scale. The main drivers of this transition are people seeking preventative healthcare and the rising prevalence of lifestyle disorders. Additionally, the market has grown as a result of the new uses for DHA in food, dietary supplements, and clinical nutrition. It is also widely used in nutritional supplements and fortified foods, with the main uses being the treatment of Type 2 diabetes, coronary artery disease (CAD), dementia, and attention deficit hyperactivity disorder (ADHD). The advantages of DHA for healthy ageing have also resulted in its successful application in old nutrition products.

DHA Powder Market Segmentation

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• By Type

Based on type, the market is divided into Alage DHA Powder, Fish Oil DHA Powder, and Others.

• By Application

Based on the application, the market is divided into Infant Formula, Dietary Supplements, Food & Beverage, and Others.

DRIVING FACTORS

"Increasing Population and Disposable Income to Incite Market Growth "

This market is expanding as a result of a number of causes, including rising interest in fortified foods and increased knowledge of the advantages of omega fatty acids. This can be due to the growing population and rising disposable income in these areas. Additionally, this industry is expanding as a result of the rising trend of consumer health consciousness. Online forums, magazines, and social media platforms that regularly share dietary and lifestyle tips are the ones who started the trend of preventive healthcare. This deluge of information encourages dietary supplement companies to invest in EPA and DHA Omega 3 ingredients by influencing consumer preferences in favor of products with these ingredients. The way today's consumers make decisions has undergone a significant evolution through time and has become increasingly "self-directed."

"Increasing Demand for Children’s Health to Accelerate Market Growth "

Since DHA is a crucial building component for the development and maturation of an infant's brain and retina, it is increasingly in demand and being included in infant formulae and nutritional products aimed at children's health. The main sources of it are fish and algal oils. Recently, new sources of DHA have become more popular. Manufacturers are increasingly turning to microalgae, some of which are abundant in omega-3 and beta-carotene, as a sustainable source of food and fuel. Due to the increased demand for algal omega in infant food fortification, algae omega ingredients play a significant role in driving the overall market since they offer advantages similar to those of fish oil without having an unpleasant taste or odor.

RESTRAINING FACTORS

"High Production Cost to Hamper Market Expansion "

One of the key elements that is anticipated to obstruct the growth of the global market as a whole is the high cost of producing DHA. Furthermore, the future expansion of the industry is predicted to be hampered by strict regulations implemented by governments in various nations.

DHA Powder Market Regional Insights

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"Presence of Prominent Players in North America to Drive Market Share "

North America is estimated to hold a larger part of DHA powder market share. The market will increase due to the presence of several manufacturers and strict regulatory environments. The increasing rates of cardiovascular and chronic illnesses, rising interest in organic foods, rising use of DHA in newborn formula, and widespread knowledge of the advantages of DHA powder and supplements are anticipated to drive the market in coming years.

Asia Pacific is anticipated to have a sizable market share. Key drivers of the market growth include expanding demand for baby nutrition, a high infant population, rising disposable income, and growing awareness of the advantages of DHA consumption in young children and pregnant women. This can be related to the region's increased understanding of the health advantages provided by omega-three fatty acids. Additionally, the rising level of consumer disposable income is fueling market expansion in the region.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• DSM (Netherlands)
• Stephan (U.S.)
• Novotech Nutraceuticals (U.S.)
• Lonza (Switzerland)
• Arjuna Natural (India)
• Runke (China)
• Fuxing (China)
• Kingdomway (China)
• Cabio (China)
• Tianhecheng (China)
• Yidie (China)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.