Human Milk Oligosaccharides Market Anticipates Impressive Growth with a Remarkable CAGR of 22.7%

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.

As more people become aware of the health benefits of human milk oligosaccharides (HMOs), the market for these substances is expanding quickly. Complex carbohydrates found in breast milk are essential for a baby's immune system and digestive health. Expanding research, technical developments, and increased demand for functional additives are all helping the industry advance.

The WHO predicts that by 2050, there will be 9.5 billion people on Earth, a rise of almost one billion over the next ten years. In addition, demand for newborn feeding products has generally outpaced supply. In the meantime, HMO use is being encouraged by a rise in infant formula sales in some Asian nations like China and India. According to the most recent study from Future Market Insights, the global market for human milk oligosaccharides is expected to reach US$ 76 million by 2032, growing at a CAGR of 22.7% over that time. The growing use of HMO in newborn feeding products will play a major role in driving this rise.

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The European market for human milk oligosaccharides is expected to have significant revenue growth in 2017 and beyond. By the end of 2027, Europe is projected to hold a value share of over 49% of the global market. Manufacturers in Europe are submitting requests for regulatory permits and certifications for the product's safety in order to prepare infant formula with HMO. The HMO market in North America is currently valued at about US$ 6 Mn, placing it second only to Europe in terms of market size.

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
How big is the Human Milk Oligosaccharides Market?
At What Rate is Human Milk Oligosaccharides Market expected to rise?
What is the North America, Human Milk Oligosaccharides Market Outlook?
Which are the major countries driving demand for Human Milk Oligosaccharides Market?
At what rate will the China Human Milk Oligosaccharides Market grow?
At what rate will the Germany Human Milk Oligosaccharides Market grow?
At What Rate will, Human Milk Oligosaccharides Market Demand Grow in Europe?
Who are the top 5 players operating in the market?
At what rate will the Mexico Human Milk Oligosaccharides Market grow?
What is the outlook forecast for the Human Milk Oligosaccharides Market?
Human Milk Oligosaccharides Market by Category

-By Product Type, Human Milk Oligosaccharides Market is Segmented as:
Fucosyllactose
LNT & LNnT
Sialyllactose

-By Region Human Milk Oligosaccharides Market is Segmented as:
North America
Europe
Asia Pacific

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.