12-Jan-2021 | Zion Market Research
As per the Zion Market Research analysts, the global human milk oligosaccharides market was capitalized at around USD 7.69 Billion in 2018 and is projected to attain a value of about USD 22.59billion by 2025, expanding at approx 15.1% CAGR during the forecast period. Few of the prominent players in the global human milk oligosaccharides (HMO) market consist of Medolac Laboratories, Elicityl SA, Glycosyn, Inbiose, Jennewein Biotechnologie, Glycom, and ZuChem. In order to form a strong base in the market, the contenders are implementing several approaches. To cite, a Switzerland-located food and beverage firm, Nestlé S.A., in April 2019, launched 3 new products in the United Kingdom, explicitly, SMA Advanced Growing up Milk, SMA Advanced Infant Formula, and SMA Advanced Follow-on Formula. These products included artificial HMOs and were prepared for kids who weren’t breastfed. Such advances in the infant formula sector are projected to fuel the requirement for human milk oligosaccharides in the coming period, thus boosting the market growth.
Rising Alertness About Health Benefits Of HMOs Expected To Propel The Global Market Growth
The growth of the global human milk oligosaccharides market is expected to be mainly driven by the rising alertness about the health benefits and functions of HMO. Further, altering customer lifestyles along with their growing worries in relation to wellness and health are a few other key factors fueling the market growth globally. HMO in food supplements and functional food & beverage products can aid the treatment of specific high-risk health conditions and disorders, which eventually is projected to propel the global human milk oligosaccharides market expansion. Nevertheless, elevated prices related to the product might hamper the market growth in the years to come.
Infant Formula Segment, By Application, Anticipated To Dominate The Global Market
The infant formula segment, based on application, ruled the global market in 2018, registering almost 79% of the total revenue share. The requirement for HMOs in making infant formulas is rising as a result of the advantageous qualities of HMOs, like prebiotic effects, infection prevention, brain development, gut health maintenance, and memory improvement. Further, the second-biggest application segment in 2018 was functional food and beverages, registering more than 7.2% of the market revenue. On account of the several health advantages provided by HMOs, its use in functional food and beverage formulations is anticipated to increase considerably during the forecast period, thus propelling the product demand.
North America To Continue Its Supremacy Over The Global Market During The Forecast Period
In 2018, the biggest revenue share in the global human milk oligosaccharides market was held by North America. The existence of several leading baby food and infant formula manufacturers together with technological improvements are anticipated to drive the regional market growth in the years to come. Also, Asia Pacific is projected to witness a considerable growth rate in the human milk oligosaccharides market during the forecast period. This regional growth can be attributed to the rising requirement for functional food & beverages and infant formulas in addition to the swiftly flourishing pharmaceutical industry. Moreover, the existence of a huge count of HMO producers and regulatory sanctions for HMO as a component in infant formula is expected to fuel the market expansion in Europe.
Browse the full “Global Human Milk Oligosaccharides Market - By Type (3’FL, 2’FL, 3’SL, And 6’SL), By Application (Health Ingredients For Human & Animal, Infant Formulas, Food Supplements, And Food & Beverages), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/human-milk-oligosaccharides-market
The global human milk oligosaccharides market is segmented as follows:
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