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Human Milk Oligosaccharide (HMO) Market Size Worth USD 116.81 Million in 2019

07-29-2020 05:38 PM CET | Health & Medicine

Press release from: Axiom Market Research & Consulting

Human Milk Oligosaccharide (HMO) Market - Axiom MRC

Human Milk Oligosaccharide (HMO) Market - Axiom MRC

Wilmington, 29 July 2020: Axiom Market Research & Consulting™ published a latest report on global human milk oligosaccharide market which includes study on product type, application conducted across various countries of key regions across the globe. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the human milk oligosaccharide market.

The human milk oligosaccharide market was valued at USD 116.81 million in the year 2019. Global human milk oligosaccharide market is expected to grow due to a number of factors including rapid urbanization in emerging economies, increasing health concern among the consumers in developing nations and increasing demand by working women populace due to lack of time to breastfeed the baby. Moreover, ever growing urban and working populace align with increasing income and old population is fuelling the human milk oligosaccharide market.

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https://www.axiommrc.com/requested_sample/10031-human-milk-oligosaccharides-market-report

Global human milk oligosaccharide market is primarily driven by increasing urbanization and shifting consumers inclinations from breastfeed to infant formula owing to lack of time for breastfeed the baby and on the other hand the ever-increasing working populace is diverting the consumer towards the consumption of infant formula products. Besides, the use of human milk oligosaccharides in functional food and beverage products and food supplements can help the treatment of certain disorders and high-risk health conditions, which is increasing the product demand. On the downside, costs associated with the product may challenge the market growth over the forecast period.

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Segment:

The report analyses the global human milk oligosaccharides market based on product, application and geography. The various products of human milk oligosaccharides studied in this report include fucosyllactose, sialyllactose and Lacto-N-neotetraose (LNnT) & Lacto-N-tetraose (LNT). Human milk oligosaccharide finds major application in infant formula, functional food & beverages, food supplements etc. The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World.

Fucosyllactose segment to continue dominance on account of owing to its growing use in infant formula due to its prebiotic effect:

Among the various product type, the fucosyllactose segment is estimated to account for a market share of almost 50% in terms of value, followed by the sialyllactose segment. 2′-FL is the most abundant oligosaccharide in human milk, making up around 20% to 30% of all oligosaccharides in human milk. 2′-FL is considered to play a crucial role in protecting and promoting the health of newborn infants.

Infant nutrition products anticipated to hold major market share of the global human milk oligosaccharides market on the account of increasing demand for infant formula:

Among all applications, use of human milk oligosaccharide in infant formula registered major market share attributed to the increasing concerns related to child malnourishment and mortality across the globe. Human milk oligosaccharides (HMO) possess prebiotic properties, ability to enhance memory & brain development with high nutritional content, these qualities propel market demand of human milk oligosaccharides.

United States earned highest share, helping North America dominate market:

North America accounted for the largest share of the global human milk oligosaccharides market in 2019 and is anticipated to maintain its dominance over the estimated timeframe. This can be attributed to the high consumption of infant formula in the region coupled with the growing approval of new HMO products.

The key competitors of this market include Abbott Inc.(United states), FrieslandCampina (Netherlands), DuPont de Nemours Inc.(United States), Inbiose (Europe), Glycosyn (New Zealand), ZuChem (united states), Jennewein Biotechnologie (Germany), Glycom (Denmark), Medolac Laboratories (United states), Dextra Laboratories (United Kingdom) and ProZyme Inc. (United states) among others.

Our Other Related Reports:

Fructooligosaccharides (FOS) Market Report:
https://axiommrc.com/product/1721-fructooligosaccharides-market-report

Prebiotics Market Report:
https://axiommrc.com/product/1671-prebiotics-market-report

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Ganesh Sai
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Email: sales@axiommrc.com

About Us:
Axiom Market Research & Consulting™ is a full-service market research and data analytics company providing key market intelligence to global companies to take informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc.

Axiom Market Research & Consulting™ offers market research services such as syndicated market research, custom market research, business consulting, and consumer/end user surveys. Under Business to Consumer (B2C) market research offerings, Axiom MRC assists its clients in finding quantitative information/preferences of its brands and services such as, awareness, usages, satisfaction, tracking, ethnicity etc. Axiom MRC offers data collection services through online surveys, social media, data processing and interpretation.

Axiom MRC with its experienced team of research and data analysts, has delivered more than 700+ Market Research Projects, 2100+ Data Analytics Projects, 260+ Business Support Projects and has a 400+ Global Client Base. Axiom Market Research & Consulting™ aims to become the preferred market research and data analytics company by providing key market intelligence solutions for client’s business growth.

For more information, visit Axiom Market Research & Consulting™ at www.axiommrc.com

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