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.
The market for human milk oligosaccharides (HMOs) is rapidly expanding as more people become aware of their health benefits. Breast milk includes complex carbohydrates that are essential for the immune system and digestive function of a baby. The sector is progressing as a result of increased research, technical developments, and rising demand for functional additives.
According to WHO, the global population will grow by around one billion people during the next ten years, reaching 9.5 billion by 2050. In fact, demand for newborn nourishment products has been significantly larger than supply. Meanwhile, sales of infant formula are increasing in various Asian nations, including China and India, encouraging the consumption of HMOs. According to Future Market Insights’ recent analysis, the global human milk oligosaccharides market will surpass a valuation of US$ 76 Mn by 2022, growing at a CAGR of 22.7% between 2022 and 2032. This expansion will be primarily driven by the rising use of HMO in newborn 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.
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?
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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
About Future Market Insights (FMI)
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.
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