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Human Milk Fortifier Market Size, Competitors Strategy, Regional Analysis and Industry Growth by Forecast to 2030

02-21-2024 07:41 AM CET | Food & Beverage

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
The Insight Partners

The Insight Partners

The scope of our recent study on the "Human Milk Fortifier Market Forecast to 2030 - Global Analysis - by Form, Distribution Channel, and Geography" includes the factors fueling the market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.

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The human milk fortifier market is expected to grow from US$ 274.67 million in 2022 to US$ 566.35 million by 2030; it is estimated to register a CAGR of 9.6% from 2023 to 2030. The human milk fortifier market growth can be attributed to the increase in preterm births. The human milk fortifier market is highly competitive, owing to many regional and global players. Players compete based on product quality, product differentiation, and price. Market players are adopting different strategies to stand out as strong competitors.

The human milk fortifier market is segmented into powder and liquid based on form. The powder segment is expected to register a higher CAGR during the forecast period. Human milk fortifiers in the powdered form supplement and enhance the nutritional content of breast milk. Fortified breast milk is prescribed to premature or medically fragile infants. People prefer powdered human milk fortifiers for convenience in storage, handling, and preparation. Moreover, they are easier to store and transport while ensuring a longer shelf life than liquid products.

The global human milk fortifier market is segmented into five central regions: North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America held the largest revenue share of the global human milk fortifier market in 2022. Major factors driving the human milk fortifier market in North America are growing awareness among healthcare professionals and parents about the benefits of human milk fortifiers for preterm infants.

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The report includes the segmentation of the global human milk fortifier market as follows:
The global human milk fortifier market is segmented into form, distribution channel, and geography. The human milk fortifier market is segmented into powder and liquid based on form. The human milk fortifier market is categorized online and offline based on distribution channels. The global human milk fortifier market is broadly segmented by geography into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North American human milk fortifier market is further segmented into the US, Canada, and Mexico. The Europe human milk fortifier market is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific human milk fortifier market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The South & Central America human milk fortifier market is further segmented into Brazil, Argentina, and the Rest of South & Central America.

Human Milk Fortifier Market: Competition Landscape
The major players operating in the global human milk fortifier market include Abbott Laboratories, NeoLacta Lifesciences Pvt Ltd, Nestle SA, Prolacta Bioscience Inc, Lead Care International Ltd, Raptakos, Brett & Co Ltd, NeoKare Nutrition Ltd, Danone SA, Neolac Inc, and Reckitt Benckiser Group Plc. Players operating in the global human milk fortifier market focus on providing high-quality products to fulfill customer demand. They also focus on strategies such as investments in research and development activities, new product launches, and expanding production capacities.

Key Developments
• In January 2022, Prolacta Bioscience introduced human milk fortifiers in Japan. The launch was aimed at entering the untapped market in the country and helping improve the health of newborn babies.
• In November 2020, Lifeblood Milk and South Australian Health and Medical Research Institute (SAHMRI) entered into collaboration with CSIRO, Australia's national science agency. The partnership aimed to develop human milk fortifiers to improve nutrition and growth in preterm babies.
• In September 2021, Neolacta Lifesciences Pvt. Ltd launched its products on e-commerce platforms to ensure easy availability of its products such as Neolacta Human Breast Milk and Neolacta MMF (Mother's Milk Fortifier) to parents.

Browse More About This Research Report at: https://www.theinsightpartners.com/reports/human-milk-fortifier-market

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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