The global Human Milk Oligosaccharides (HMO) market will register a 31.7% CAGR in terms of revenue, and the market size will reach USD 896.7 million by 2027.
Human milk Oligosaccharides or HMO is conjugated complex carbohydrate which is third most plentiful element in the human milk. HMOs are the growing substrate for the bacteria present in the gut and it improves the digestion in the babies. Hence, they are widely used as an ingredient in the formula for infants. It is also used as prebiotics to improve the health of gut. Due to these factors, the demand for HMO is growing.HMOs are vital components of human milk that are available in a variety of concentrations and compositions. They are novel ingredients that need regulatory approval. In the U.S., HMOs are intended for use in food, as compared to dietary supplements, which are governed by Generally Recognized as Safe (GRAS). DuPont's CARE4U was GRAS-approved for use in infant formula and toddler foods in the U.S. With upsurge in demand for HMOs, two HMOs have undergone the novel food safety assessment in Europe, resulting in a positive evaluation outcome and approval by the European Commission.HMOs have been used in infant formula and human milk for a prolonged period. The compositions, however, differ, and HMOs are not found in other foods. The path to Human Milk Oligosaccharides (HMO) market for new and novel HMOs as a dietary supplement is to have GRAS self-affirmed for use in food and sub sequently use it in the same form as a dietary supplement. 2'-O-fucosyllactose, 2'-fucosyllactose, and lacto-N-neotetraose have all received such notices.The Human Milk Oligosaccharides(HMO) market is probable to witness significant revenue generation during the forecast period, owing to rise in application scope in functional food & beverages and infant formula, rapid technological advancement in the product line, rise in health awareness, and rapid development of the dairy industry.
Top Key players in the Human Milk Oligosaccharides (HMO) Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Piezo Positioners Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Abbott, Inbiose, Elicityl SA, Jennewein Biotechnologie, ZuChem, Dextra Laboratories, Glycom, BASF Corporation, DuPont Nutrition, and Health and others.
Human Milk Oligosaccharides (HMO) Market is segmented based on the type, applications, companies and regions.
By Type, Human Milk Oligosaccharides (HMO) Market has been segmented into
BY Application on Human Milk Oligosaccharides (HMO) Market is,
North America holds a prominent market share in the market, as many global players, are launching new product lines, with HMO as the key ingredient in the region. Increasing customer awareness in the region, about the health benefits of HMO in infant nutrition is one of the key factors aiding the market to grow further in the country with various product launches.
The report offers in-depth assessment of the growth and other aspects of the Human Milk Oligosaccharides (HMO) Market in important regions, including the
North America
Due to the increase in consumption of functional food and beverages, North America reported to hold significant share in the HMO market. The incorporation of HMOs in various food and beverages as a functional ingredient to boost the gut health and overall immunity has boosted its regional market growth. Due to the growth in infant formula sector, Asia Pacific is expected to hold a significant market share in the upcoming years. Many prominent players are establishing their production base in the emerging economies, such as China and India.
Europe is witnessing a significant growth in the market owing to the rise in consumption of dietary supplements, especially by the geriatric population. Italy, France and Germany are among the highest consumers of dietary supplements. Further, the growing nutraceuticals sector stokes it’s the demand for HMO in the region.
Human Milk Oligosaccharides (HMO) Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Human Milk Oligosaccharides (HMO) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 31.7% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Abbott, Inbiose, Elicityl SA, Jennewein Biotechnologie, ZuChem, Dextra Laboratories, Glycom, BASF Corporation, DuPont Nutrition, and Health and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 98 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Human Milk Oligosaccharides (HMO) Market is studied from 2017 - 2027.
What is the growth rate of Human Milk Oligosaccharides (HMO) Market?
The Human Milk Oligosaccharides (HMO) Market is growing at a CAGR of 31.7% over the next 5 years.
What regions does this Human Milk Oligosaccharides (HMO) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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