Global DHA Supplements Market Overview:
Growing disposable income, increasing health awareness and an upsurge in consumer expenditure on healthy food products have driven the Global DHA Supplements market. Moreover, the ingredient of this market is also growing due to increasing awareness of a healthy lifestyle. DHA (docosahexaenoic acid) is an omega-3 fatty acid mostly found in cold-water oily fish and seaweed. Interestingly, Our body also produces a small amount of DHA naturally. FDA (Food and Drug and Administration) has also confirmed with health claims by consuming traditional foods fortified from EPA/DHA ingredients which can result in lowering cardiovascular risks with a minimum intake of 500 mg/day has been suggested by The American Dietic Association to benefit health-wise. Health benefits offered by intake of Eicosapentaenoic acid (EPA)/docosahexaenoic acid (DHA) including reducing blood pressure, bad cholesterol and coronary heart diseases such as strokes and heart attacks, rising demand for DHA supplements for pregnant women owing to lack of adequate DHA in the diet is expected to drive the DHA supplements industry. According to AMA, the Global DHA Supplements market is expected to see growth rate of 2.0%
- Expanding geriatric population and rising consumer awareness
- Requirement of Omega-3 fish oil for baby’s brain development
- Interest of consumers in functional and fortified food products
- Increasing demand for fortified infant formula due to population growth in emerging economies.
- Countries including India, China are spending on pharmaceutical sector and are attracting foreign players such as Swiss company Novartis, Germany’s Bayer and GlaxoSmithKline (GSK) to invest in the pharmaceutical sectors for DHA supplement products.
- Increasing temperature of the ocean
- Lack of promotional activities about this market
- Less awareness about the type of fats and its benefits among consumers.
- Growing demand for fortified infant formula due to population growth and rising middle class in emerging economies.
- Increasing mercury contents and contamination levels in fishes.
The market is fragmented by many small and large vendors. The companies in this market are adopting expansion and acquisition as their key strategies to develop distinguished products and reduce competition by capturing additional market share.
Some of the key players profiled in the report are DSM Nutritional Products (Europe), Kingdoway Group (China), Stepan Company (United States), Novotech Nutraceuticals (United States), Lonza Group (Canada), Arjuna Natural Extract Limited (India) and Martek Biosciences Corp. (United States). Additionally, following companies can also be profiled that are part of our coverage like Navchetana Kendra Health Care Private (India), Qingdao Sunrise Trading (China), Dalian Jixin Electronic and Communication (China), Hebei Domydo Co., Limited (China), BIOPREX LABS (India), Auqi Marine Bio-Tech Co.,Limited (China) and Evonik (Europe). Analyst at AMA Research see United States Vendors to retain maximum share of Global DHA Supplements market by 2025. Considering Market by Form, the sub-segment i.e. Triglycerides will boost the DHA Supplements market.
Latest Market Insights:
On January 2019, a Norwegian salmon farmer implemented the use of Omega 3 EPA and DHA algal oil at commercial scale to make salmon production less dependent on finite fish oil resources. and On January 2018, DSM Nutritional products and Evonik Company have established a new company, Veramaris for the production of omega-3 fatty acids EPA and DHA from natural marine algae for animal nutrition. The joint venture is headquartered at the DSM Biotech Campus (Netherlands).
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global DHA Supplements market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in DHA Supplements market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes DHA Supplements manufacturers, Government and regulatory bodies, Joint Ventures, Traders, Distributors and Suppliers and Intermediaries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.