Exploring the Global Human Milk Oligosaccharides (HMO) Market: Trends, Growth Drivers, and Projections

A comprehensive research report titled "Human Milk Oligosaccharides Market by Type, Application, Concentration & Region - Global Forecast to 2027" sheds light on the dynamics of the global HMO market. Estimated at USD 199 million in 2022, the market is anticipated to soar to USD 556 million by 2027, registering a robust CAGR of 22.7% during the forecast period. Macro-economic and micro-economic factors, particularly evident in key countries, are poised to be pivotal in driving substantial growth in terms of value sales.

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Infant Health and Healthy Lifestyles Drive Market Growth

With a rising global infant population and a growing trend towards adopting healthy lifestyles, the demand for HMO-based infant formula and functional food and beverages has surged, leading to significant utilization of HMO in manufacturing processes.

Digitalization Fuels Market Accessibility

The emergence of online grocery shopping and the proliferation of new apps have made purchasing HMO-based products, including infant formulas, more convenient for consumers. This shift towards online platforms is driven by factors such as convenience, variety, and the increasing penetration of the internet and smartphones globally.

Technological Advancements Enhance Functional Food Industry

The adoption of advanced technologies, such as encapsulation and nanoencapsulation, in the functional food industry has revolutionized the manufacturing process. These technologies, aimed at preserving sensory, nutritional, and functional characteristics, are driving innovations in functional food ingredients. HMO, being a key ingredient in formulating dietry supplements like prebiotics and probiotics, benefits from these technological advancements.

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Asia Pacific Emerges as a Key Market Player

Asia Pacific, with a market share of 58.8% in 2021, is projected to reach USD 321.8 million during the forecast period. Countries like China, India, Japan, and Australia & New Zealand are driving market growth with their increasing demand for food and nutrition products. The use of HMO in various industries, including infant formula, functional food and beverages, and food supplements, is anticipated to further propel market expansion. Key players in the HMO market include DSM, BASF SE, Chr. Hansen Holding A/S, DUPONT, and Royal FrieslandCampina N.V.

In conclusion, the global HMO market is witnessing significant growth driven by factors such as infant health concerns, rising health awareness, digitalization of retail, and technological advancements in the functional food industry. These trends are poised to shape the market landscape and offer opportunities for key players to innovate and cater to evolving consumer demands.

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Dietary Fibers Market by Source (Fruits & Vegetables, Cereals & Grains, Legumes, Nuts & Seeds), Type (Soluble, Insoluble), Application (Functional Food & Beverages, Pharmaceuticals, Feed, Nutrition, Other Application) & Region - Global Forecast to 2027
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Prebiotic Ingredients Market with Covid-19 Impact by Type (Oligosaccharides, Inulin, & Polydextrose), Application (Food & Beverage, & Animal Feed), Source, Brand, Functionality, Bacterial Activity and Region - Global Forecast to 2027
https://www.marketsandmarkets.com/ResearchInsight/prebiotics-ingredients-market.asp

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