During the course of the forecast period, rising product launches are anticipated to fuel the expansion of the worldwide DHA supplement market. Anlit, a manufacturer of high-quality dietary supplements, introduced a high DHA+EPA Omega-3 supplement in a single, fish-shaped chew supplement for kids and adults in April 2017. This product provides a kid-friendly and delectable alternative with no off-putting aftertaste, making it an excellent healthy choice. Throughout the forecast period, the market growth is anticipated to be driven by the rising use of DHA supplements in the treatment of different cardiovascular illnesses, mental disorders, and other conditions.
The global DHA supplements Market is estimated to be valued at US$ 1,385.8 million in 2021 and is expected to exhibit a CAGR of 7.0% during the forecast period (2021-2028).
Key Competitors in the DHA Supplements Industry:
1. BASF SE
Founded in 1865 and based in Germany, BASF is the world's largest chemical company, with products spanning the full spectrum of commodities to specialties. In addition, the company is a strong player in agricultural crop protection chemicals and emissions control catalysts for cars and trucks.
2. Koninklijke DSM N.V.
Koninklijke DSM N.V., a science-based company, engages in nutrition, health, and sustainable living businesses in the Netherlands, Switzerland, rest of Europe, North America, Latin America, China, rest of Asia, and internationally. The company was founded in 1902 and is headquartered in Heerlen, the Netherlands.
3. Croda International Plc
Founded in 1925 by an entrepreneur, Mr Crowe, and a chemist, Mr Dawe. It has headquarters situated in United Kingdom and operational in 39 countries. In May, 2022 Croda International Plc, the company that uses smart science to create high performance ingredients and solutions that improve lives, has today announced that its Health Care division will now become Croda Pharma.
4. Kingdomway Nutrition, Inc.
Xiamen Kingdomway Group Company engages in the manufacturing and sale of the nutrition and health resources in China and internationally. Xiamen Kingdomway Group Company was founded in 1997 and is based in Xiamen, China.
5. ECPlaza Network Inc.
Since started as a B2B business site in 1996, worldwide network and high brand recognition, we are extending our business field to the global market by providing great value such as more business opportunities, cost saving and convenience. It has headquarters situated in Seoul, Korea
6. Stepan Company
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. Stepan Company was founded in 1932 and is headquartered in Northbrook, Illinois.
7. Novotech Nutraceuticals, Inc.
Founded in 2007, Novotech Nutraceuticals provides chelated minerals, omega-3 with DHA, EPA, and ALA, and non-acidic vitamin C powders. Their functional ingredients serve the dietary supplement, food, and beverage industries. It has headquarters situated in West Coast, Western US. In February, 2022 Novotech Nutraceuticals has partnered with the National Chung Hsing University in Taiwan. The research team will lead the efforts for product and research development
8. Arjuna Natural
Founded in 1989, Mr. P.J. Kunjachan then partnered with his brother-in-law, Dr. Benny Antony, a brilliant chemist working in the extraction industry. It has headquarters situated in Kerala, India.
9. Jiangsu Auqi Marine Biotechnology Co., Ltd.
Founded in 1994, Jiangsu Aoqi Marine Biological Engineering Co., Ltd. is a high-tech biological engineering enterprise located on the Shore of Taihu Lake. The company specializes in the research and development, production and sales of functional unsaturated fatty acids such as marine fish oil, and is a reliable partner for domestic and foreign pharmaceutical and food companies. It has headquarters situated in Changzhou, Jiangsu
10. Aker BioMarine
Aker BioMarine AS develops, produces, and sells krill-derived ingredients for nutraceutical, dietary supplement, and animal feed applications in Norway, the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company was founded in 2006 and is headquartered in Lysaker, Norway. Aker BioMarine ASA is a subsidiary of Aker ASA.
*Definition- Undoubtedly one of the most important omega-3 fatty acids is docosahexaenoic acid (DHA). It is related to advantages like enhanced heart health, increased vision, and less inflammatory response.
