DHA Powder Market Size, Growth Trends, Share and Industry Analysis, 2023-2030

Wilmington, Delaware, Sept. 11, 2023 (GLOBE NEWSWIRE) — Global DHA Powder Market is valued at US$ 1.0 billion in 2022 and is expected to grow at a significant CAGR of over 6.8% over the forecast period of 2023-2030, according to the published market report by RationalStat

Market Definition, Market Scope, and Report Overview

DHA powder is a dietary supplement or nutritional ingredient that contains the omega-3 fatty acid docosahexaenoic acid (DHA). DHA is an essential nutrient that is important for many areas of human health, including the development and function of the brain, eyes, and cardiovascular system. It can be found in fatty fish and algae.

DHA is widely recognized for its multiple health advantages, including its involvement in brain development and cognitive function. DHA has been proven in studies to play an important role in brain health at all stages of life, from foetal development to adult cognitive function. The market for DHA supplements and fortified foods is likely to expand further. Consumer interest in preventative health measures, as well as an emphasis on overall well-being, are likely to boost future demand for DHA-containing goods.

• According to a deep-dive market assessment by RationalStat, the global DHA powder market has been analyzed on the basis of market segments, including on type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
• Market intelligence for the global DHA powder market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global DHA powder market. It also includes the industry’s current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global DHA Powder Market: Segmental and Market Share Analysis

• On the basis of type, due to increased knowledge about the health benefits of ingesting fish oil DHA power, the fish oil segment is likely to achieve a consistent revenue CAGR during the projection period.
• On the basis of application, the dietary supplement segment is predicted to increase rapidly during the forecast period. The growing need for dietary supplements to ensure adequate nutrient intake, as well as increased knowledge about the health advantages and usefulness of dietary supplements, are driving category revenue growth.

Report Synopsis

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global DHA powder market include,

• In February 2020, Novotech Nutraceuticals collaborated with Taiwan’s National Chung Hsing University. The product and research development initiatives will be led by the research team.

Some of the prominent players and suppliers operating and contributing significantly to the global DHA powder market growth include DSM, Stepan Company, Novotech Nutraceuticals, Arjuna Natural, Runke, Fuxing, Kingdomway, and Tianhecheng, among others.

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RationalStat has segmented the global DHA powder market based on type, application and region

• Global DHA Powder Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Type
  • Alage DHA Powder
  • Fish Oil DHA Powder
  • Others
• Global DHA Powder Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Application 
  • Infant Formula
  • Dietary Supplements
  • Food and Beverage
  • Others
• Global DHA Powder Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region
  • North America DHA PowderMarket
  • Latin America DHA PowderMarket
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe DHA PowderMarket
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe DHA PowderMarket
    • Russia
    • Poland
    • Hungary
    • Other CIS Countries
    • Rest of Eastern Europe
  • Asia Pacific DHA PowderMarket
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
      • Indonesia
      • Thailand
      • Philippines
      • Vietnam
      • Malaysia
      • Rest of ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa DHA PowderMarket
    • GCC
      • Saudi Arabia (KSA)
      • United Arab Emirates (UAE)
      • Rest of the GCC
    • South Africa
    • Nigeria
    • Turkey
    • Rest of the Middle East & Africa

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Key Questions Answered in the DHA Powder Report:

• What will be the market value of the global DHA powder market by 2030?
• What is the market size of the global DHA powder market?
• What are the market drivers of the global DHA powder market?
• What are the key trends in the global DHA powder market?
• Which is the leading region in the global DHA powder market?
• What are the major companies operating in the global DHA powder market?
• What are the market shares by key segments in the global DHA powder market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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About RationalStat LLC                    

RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

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