Market Overview
The Human milk oligosaccharides market size is expected to grow at a CAGR of 14.4% during the forecast period. The global Human Milk Oligosaccharides Market was valued at USD 332.4 Million during the historic forecast period. Human milk oligosaccharides (HMOs), which are tiny sugar molecules, may be found in substantial concentrations in breast milk. After lipids and carbohydrates, these nutrients are the third most common component of mother's milk. The global market for human milk oligosaccharides is growing as a result of the increased use of human milk oligosaccharides in food supplements and the increased availability of newborn formula. The high cost of manufacture, on the other hand, is limiting the growth of the global human milk oligosaccharides market share .
Over the last few years, growing health awareness has resulted in substantial changes in behavior and nutrition, increasing the supply of food supplements such as nutritional supplements and probiotics around the world. Because of its benefits, including boosting gut flora and strengthening the defense system, growing data supports the use of HMOs in adult nutrition products such as functional meals and supplements. HMOs have been found to reduce the number of hazardous germs like salmonella and campylobacter in beverages and snacks, in addition to supporting the development of good microorganisms in functional foods and drinks. These factors are expected to contribute to the Human Milk Oligosaccharides Market's expansion throughout the forecast period.
Market segmentation
Based on the Application, the global Human Milk Oligosaccharides Market has been segmented into the food industry and laboratory research.
Based on the end-users, the global Human Milk Oligosaccharides Market trends has been segmented into neutral and acidic.
Based on the region, the global Human Milk Oligosaccharides Market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Regional Classification
North America represented the largest share of the global human milk oligosaccharides market during the historic forecast period, owing to the clear increased consumption of infant food in the region. The European market for human milk oligosaccharides became the second-highest revenue share of the global economy for the first time.
According to a UNICEF research, the United Kingdom has one of the lowest rates of breastfeeding in the world, with only 34% of newborns receiving breast milk by the age of six months. As a result, the most crucial variables influencing the expansion of the European marketplace are decreased breastfeeding prices and an increasing number of EU certifications for newly introduced HMO-based medicines. Because of the decline in the number of newborns, Japan had the smallest share of the global human milk oligosaccharides market. The Japanese market accounted for 3.26 percent of the global Human Milk Oligosaccharides Market.
Industry News
The major key players in the Human Milk Oligosaccharides Market are Abbott (US), Dextra Laboratories Limited (UK), BASF SE (Germany), DuPont Nutrition & Health (Denmark), Glycom (Denmark), Elicityl S.A. (France), Jennewein Biotechnologie GmbH (Germany), Glycosyn LLC (US), Inbiose NV (Belgium), Medolac Laboratories (US), ZuChem (US), and Nestle Health Science (Switzerland).
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