The human milk oligosaccharides market is anticipated to expand at a CAGR of 22.7% during the anticipated time frame. According to projections, the market would be worth US$ 1,539.21Mn by 2032, up from US$ 199.0Mn in 2022.
The Human Milk Oligosaccharides (HMO) Market is expanding rapidly as people become more aware of the health benefits of HMOs. These complex carbohydrates contained in breast milk are essential for baby gut health and immunological function. Growing research, technological developments, and increased demand for functional ingredients are propelling the industry forward.
According to WHO, the global population will grow by around one billion people during the next ten years, reaching 9.5 billion by 2050. In fact, demand for newborn nourishment products has been significantly larger than supply. Meanwhile, sales of infant formula are increasing in various Asian nations, including China and India, encouraging the consumption of HMOs. According to Future Market Insights’ recent analysis, the global human milk oligosaccharides market will surpass a valuation of US$ 76 Mn by 2022, growing at a CAGR of 22.7% between 2022 and 2032. This expansion will be primarily driven by the rising use of HMO in newborn nutrition products.
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In 2017 and beyond, the human milk oligosaccharides market in Europe is anticipated to witness significant revenue growth. Towards the end of 2027, Europe is anticipated to account for over 49% value share of the global market. Manufacturers in Europe are filing claims for regulatory approvals and product safety certifications in order to use HMO for preparing infant formulas. In North America, the HMO market is currently valued at over US$ 6 Mn and holds the second spot in terms of market size after Europe.
FMI’s report, titled “Human Milk Oligosaccharides Market Global Industry Analysis and Opportunity Assessment, 2017 – 2027” also cites that demand for HMO is gaining traction due to a positive perception of its prebiotic properties that help maintain a healthy immune system in infants. In addition, manufacturers are focusing on increasing their production capacities in order to enhance production of HMOs such as 2’-FL (2-fucosyllactose) that can be potentially used as an ingredient in functional food and beverages. zuChem Inc., Glycosyn LLC, Elicityl SA, Jennewein Biotechnologie GmbH, Glycom A/S, Dextra Laboratories Limited, Carbosynth Limited, Inbiose NV, ProZyme, Inc. are the leading companies operating in the global human milk oligosaccharides market.
Key Excerpts of the Report Include:
- Among product type, fucosyllactose HMO currently accounts for the largest value share of the market followed by sialyllactose HMO. However, the latter is expected to register a faster growth rate in terms of the market value over the forecast period.
- By 2017-end, US$ 5.5 Mn worth sialyllactose HMO is expected to be consumed globally.
- Increasing demand for functional food and beverage products is projected to further facilitate the growth of global human milk oligosaccharides market over the next couple of years.
Market Segmentation
By Product Type
- Fucosyllactose
- LNT & LNnT
- Sialyllactose
By Region
- North America
- Europe
- Asia Pacific
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Frequently Asked Questions
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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