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.
According to WHO, the total world population is estimated to increase by approximately one billion in the next 10 years and will reach 9.5 billion by 2050. Incidentally, demand has been relatively higher to the supply of infant nutrition products. Meanwhile, sales of infant formula are also surging in some of the Asian countries such as China and India, promoting the consumption of HMO alike. Future Market Insights’ latest report reveals that the global human milk oligosaccharides market is set to surpass a valuation of US$ 76 Mn, registering a CAGR of 22.7% between 2022 and 2032. This growth will be primarily orchestrated by the increasing application of HMO in infant nutrition products.
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The human milk oligosaccharides market in Europe is expected to increase significantly in 2017 and beyond. By the end of 2027, Europe is expected to account for more than 49% of the global market in terms of value. Manufacturers in Europe are applying for regulatory permits and product safety certifications to use HMO in the preparation of newborn formulae. The HMO market in North America is presently valued at about US$ 6 Mn, ranking second only to Europe in terms of market size.
According to FMI’s report, “Human Milk Oligosaccharides Market Global Industry Analysis and Opportunity Assessment, 2017 – 2027,” demand for HMO is increasing due to a favourable view of its prebiotic qualities, which aid in the maintenance of a healthy immune system in babies. Furthermore, producers are concentrating on improving manufacturing capacity in order to increase production of HMOs such as 2′-FL (2-fucosyllactose), which can potentially be employed as an ingredient in functional food and beverages. The main companies in the worldwide human milk oligosaccharides market are zuChem Inc., Glycosyn LLC, Elicityl SA, Jennewein Biotechnologie GmbH, Glycom A/S, Dextra Laboratories Limited, Carbosynth Limited, Inbiose NV, and ProZyme, Inc.
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.
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Market Segmentation
By Product Type
- Fucosyllactose
- LNT & LNnT
- Sialyllactose
By Region
- North America
- Europe
- Asia Pacific
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