About Docosahexaenoic Acid Market
DHA is an omega-3 fatty acid that is synthesized from alpha-linolenic acid. It is mainly found in fish oil, algae oil, and dairy products. It is found in the meat of cold-water fish such as mackerel, herring, tuna, halibut, salmon, and cod liver. Additionally, the increasing awareness of its benefits, ability to produce highly concentrated forms of DHA and EPA, a surge in urbanization is likely to drive the adoption DHA. The market is also witnessing an increase in the consumption of krill oil as a substitute for fish oils. The shift to alternative sources for the use of omega-3 fatty acids has increased the market potential for krill oil. Moreover, the dietary supplements market has among the highest share of krill oil adoption among others that include functional F&B products, pharmaceuticals, infant formula, and animal food.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Docosahexaenoic Acid Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Docosahexaenoic Acid Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category constraints
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
DHA is an omega-3 fatty acid that is synthesized from alpha-linolenic acid. It is mainly found in fish oil, algae oil, and dairy products. It is found in the meat of cold-water fish such as mackerel, herring, tuna, halibut, salmon, and cod liver. Additionally, the increasing awareness of its benefits, ability to produce highly concentrated forms of DHA and EPA, a surge in urbanization is likely to drive the adoption DHA. The market is also witnessing an increase in the consumption of krill oil as a substitute for fish oils. The shift to alternative sources for the use of omega-3 fatty acids has increased the market potential for krill oil. Moreover, the dietary supplements market has among the highest share of krill oil adoption among others that include functional F&B products, pharmaceuticals, infant formula, and animal food.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Docosahexaenoic Acid Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Docosahexaenoic Acid Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- An increase in the consumption of krill oil
- For a full, detailed list, view our report
Category constraints
- The high switching cost for buyers
- For a full, detailed list, view our report
Procurement best practices
- To conduct comprehensive sample testing to evaluate the quality
- For a full, detailed list, view our report
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints to category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 1: CATEGORY AT A GLANCE
PART 2: SCOPE OF THE REPORT
PART 3: MARKET INSIGHTS
PART 4: SUPPLY MARKET INSIGHTS
PART 5: PRICING INSIGHTS
PART 6: PROCUREMENT INSIGHTS
PART 7: TOP FIVE SUPPLIERS
PART 8: APPENDIX
Executive Summary
New Report Released: Global Docosahexaenoic Acid Category - Procurement Market Intelligence Report 2018-2022.The author of the report recognizes the following companies as the key suppliers in the Global Docosahexaenoic Acid Category - Procurement Market Intelligence Report: Croda International, Catalent, ADM, BASF, and Cargill.
Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to conduct comprehensive sample testing to evaluate the quality, stability, and safety levels. The buyers must ensure that they have the provision of testing the quality, safety, and usability of DHA sample through a sample efficiency test.”
According to the report, one of the key growth contributors for the Global Docosahexaenoic Acid Market is an increase in the overall global spending on consumer products that contain omega-3 fatty acids.
Further, the report states that major procurement challenge experienced by the buyers is the high switching cost. The buyers face high switching costs as the development of product formulations is a time-consuming process.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Croda International
- Catalent
- ADM
- BASF
- Cargill
Methodology
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