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. Increasing application scope in functional beverages and infant formula is expected to have a positive impact on growth.
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.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/human-milk-oligosaccharides-market
Further key findings from the report suggest:
·
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.
·
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.
·
Europe was the largest market for human milk
oligosaccharides in 2015 on account of increasing utilization of LNnT &
2’FL in infant formulations. In addition, rising demand for functional food
products including milk formula, energy drinks, and yogurt in Europe is likely
to fuel demand for human milk oligosaccharides in the region.
·
The global human milk oligosaccharides market is
consolidated on account of presence of limited number of players occupying
major share. Many manufacturers are involved in extensive R&D for
development of low cost technologies for production of HMO in large scale.
2’FL, 3’FL, 3’SL, and 6’SL are some of the majorly produced HMOs.
·
For the purpose of this report, Grand View
Research has segmented the global human milk oligosaccharides market on the
basis of application and region:
·
In July 2015, Inbiose NV along with other
companies initiated CARBOSURF project under Bio-Based Industries Joint
Undertaking (BBI JU) in order to device new fermentation process to derive glycolipid
biosurfactants and sialylated carbohydrates. In October 2014, Madolac
Laboratories announced completion of second phase of its HMO purification
plant. This plant would synthesize HMOs in large scale, which would be further
used in scientific research and clinical trials.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/personal-care-and-cosmetics
Application Outlook (Volume, Grams; Revenue, USD Thousand, 2013 - 2024)
·
Infant Formula
·
Functional Food & Beverages
·
Food Supplements
·
Others
Regional Outlook (Volume, Grams; Revenue, USD Thousand, 2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Brazil
·
MEA
For press release of this report - http://www.grandviewresearch.com/press-release/global-human-milk-oligosaccharides-market
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registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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