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Human Milk Oligosaccharides Market Trends, Statistics and Forecast to 2024

Increasing application scope in functional beverages and infant formula is expected to have a positive impact on growth. The Global Human Milk Oligosaccharides Market is expected to reach USD 170.4 million by 2024, according to a new report by Grand View Research, Inc.



Lack of protective enzymes in general infant formula and in breastfed milk, leading to high infant mortality rate, is likely to augment human milk oligosaccharides market growth. In 1990, the mortality rate of infants was 63 deaths per 1,000 live births, and in 2015, the rate declined to only 32 deaths per 1,000 live births.

Growth of functional food & beverage industry in China, Brazil, India, Poland, South Korea, and Mexico is also likely to propel growth over the forecast period. Rising disposable income and increasing concerns of middle class population towards health issues in emerging economies such as India and China are also expected to be key factors contributing to market growth for dietary supplements over the next six years.

Demand for human milk oligosaccharides in infant formula is likely to witness growth of over 12% over the forecast period. Growing utilization of nutritional products particularly in Asia Pacific and North African countries is likely to propel demand.

To Know More About Human Milk Oligosaccharides Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/human-milk-oligosaccharides-market

Functional food & beverages accounted for over 15% of the global volume share in 2015. The functional food industry is highly dominated by dairy products. There is high demand for functional food & beverages with prebiotic properties. Human milk oligosaccharides not only provide prebiotic effects but also stimulate neurological health of human beings. These properties of human milk oligosaccharides are expected to drive growth in functional food & beverages over the next eight years.

Top Players of Human Milk Oligosaccharides (HMO) Market:

Key players in the Global HMO Market include Elicityl SA, Inbiose, Medolac Laboratories, ZuChem, Jennewein Biotechnologie, Glycom, and Glycosyn.

Market Segmentation of Human Milk Oligosaccharides (HMO) Market:

The Global Human Milk Oligosaccharides Market segmented on the basis of Application and Region.

By Application:

    Infant Formula
    Functional Food & Beverages
    Food Supplements

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    MEA

Inquire about Human Milk Oligosaccharides Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2647
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