The global human milk oligosaccharide (HMO) market is estimated to reach USD 100.8 million in 2024. Over the forecast period, human milk oligosaccharide sales are poised to increase at a CAGR of 6.5%. The global industry is estimated to reach a value of USD 161.6 million by 2034.
Attributes | Key Insights |
---|---|
Estimated Global Human Milk Oligosaccharide (HMO) Market Size (2024E) | USD 100.8 million |
Projected Human Milk Oligosaccharide (HMO) Market Value (2034F) | USD 161.6 million |
Value-based CAGR (2024 to 2034) | 6.5% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
During the historical period, the global sales of human milk oligosaccharide increased steadily, driven by increasing awareness of their health benefits, particularly in infant nutrition. This period observed research and development of alternative methods to extract HMOs from human breast milk, such as microbial fermentation and enzymatic synthesis. These dynamics made it feasible to produce HMOs at scale.
Growing interest in HMOs attracted many investments from established firms and start-ups offering infant nutrition solutions. Additionally, the rising partnerships between companies, research institutions, and universities are facilitating research and product development.
Increased awareness of breastfeeding and human milk components has boosted consumer interest in HMO-containing products. Education initiatives, marketing campaigns, and healthcare professional endorsements are promoting acceptance.
Sales of human milk oligosaccharides are forecasted to expand at a CAGR of 6.5% by 2034. The market is projected to increase in size, thanks to various factors like growing research studies to uncover new health benefits of HMOs.
Extending use of infant nutrition into areas like dietary supplements, and increasing preference given to natural and bioactive ingredients, are likely to drive product demand.
The growth is expected to be fueled by regulatory support and improvements in production technology during the forecast period. Hence, manufacturers are expected to increasingly invest in production capacity expansion, research & development, and marketing efforts. These strategies are likely to enable them to meet the growing demand and exploit the opportunities presented by the expanding HMO market under study.
Market Statistics | Details |
---|---|
Jul to Dec (H2), 2022 (A) | 6.8% |
Jan to Jun (H1), 2022 (A) | 6.2% |
Jan to Jun (H1), 2023 Projected (P) | 7.3% |
Jan to Jun (H1), 2023 Outlook (O) | 6.9% |
Jan to Jun (H1), 2024 Projected (P) | 10.0% |
Jul to Dec (H2), 2023 Outlook (O) | 9.1% |
Jul to Dec (H2), 2023 Projected (P) | 8.8% |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The table below shows the estimated growth rates of the leading countries. The United Kingdom, China, and Germany are set to record high CAGRs of 6.2%, 5.5%, and 5.9%, respectively, through 2034.
Countries | CAGR |
---|---|
United States | 4.5% |
United Kingdom | 6.2% |
Germany | 5.9% |
China | 5.5% |
Japan | 4.8% |
The United States is expected to exhibit a CAGR of 4.5% through 2034. Key factors supporting the market growth are:
The United States has a developed infrastructure for research and development, resulting in innovation in infant nutrition, which is driving market growth. The baby formula market in the United States is on the rise due to increasing awareness about breastfeeding and early nutrition benefits. It is largely driven by parents demanding products that resemble human breast milk.
Many corporate houses and several academic institutions across the country are involved with HMO-related research and development projects. These projects concentrate on enhancing production techniques, investigating novel uses, and comprehending the health advantages of HMOs in newborn nutrition.
During the forecast period, China is expected to expand at a CAGR of 5.5%. HMO-infused premium baby nutrition products are expected to be driven by factors like rising disposable income and urbanization in China.
Increasing initiatives by the government of China to promote breastfeeding and regulate infant formula standards are encouraging the use of HMO in infant formula. Further, Chinese players are into fostering collaborations between academic institutions, research facilities, and industry players to increase their stake.
The demand for human milk oligosaccharides in Japan is anticipated to steadily increase at a CAGR of 4.8% during the forecast period. The rising incidences of digestive disorders and food sensitivities among infants are pushing the sales of HMOs in Japan.
Additionally, consumer knowledge of HMOs is increasing due to rising marketing campaigns, educational initiatives, and healthcare industry endorsements. This is boosting the product’s acceptance among parents and caregivers. This is projected to accelerate product sales in the nation.
The section below shows the fucosylated segment dominating by product type. The segment is predicted to reach USD 42.9 million in 2034. Based on end-use, the infant formula segment is anticipated to generate a dominant share through 2024. It is set to reach USD 99.2 million by 2024.
Segment | Infant Formula (End-use) |
---|---|
Market Value (2024) | USD 99.2 million |
Infant formula mimics breast milk's composition to provide effective nutrients to non-breastfed infants. By virtue of their role in gut health, immune function, and development, HMOs found in breast milk are crucial to be included in infant formulations for similar benefits. The use of HMOs in infant formulations is increasing due to strict regulatory standards, making HMOs a popular choice for infant health supplements.
Segment | Fucosylated (Product Type) |
---|---|
Market Value (2034) | USD 42.9 million |
Fucosylated HMOs, like 2'-fucosyllactose and 3-fucosyllactose, are gaining traction as they are crucial for infant gut health. These also help in promoting beneficial bacteria growth and inhibiting pathogen adhesion.
Since they are the closest to human breast milk in mimicking their health benefits, manufacturers take an interest in fucosylated HMOs. They are projected to contribute to the development of a healthy gut microbiome essential for immune function and nutrient absorption.
The human milk oligosaccharide (HMO) market remains extremely dynamic and highly competitive. In line with this, key companies in the industry participate in research & development, new formulation, and sustainable sourcing to further capture markets.
Key players are focusing on obtaining product certifications, following environmentally friendly practices, and meeting the increased demand for natural ingredients and sustainability.
For instance
The market is set to reach USD 100.8 million in 2024.
Demand for human milk oligosaccharide is slated to expand at a 6.5% CAGR by 2034.
The market is set to reach USD 161.6 million in 2034.
KYOWA HAKKO BIO CO. LTD., DSM, and Nestle Health Science are the key players.
Fucosylated segment is estimated to hold a significant market share in 2024.
Asia Pacific is expected to hold a market share of 39.2% by 2034.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Value Chain Analysis 5. Global - Pricing Analysis 6. Global Market Size (in Value (USD million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 7.1. Fucosylated 7.2. Silylated 7.3. Non-fucosylated Neutral 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use 8.1. Infant Formula 8.2. Dietary Supplements 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17. Country-level Market Analysis, 2022 18. Market Structure Analysis 19. Competition Analysis 19.1. Jennewein Biotechnologie GmbH 19.2. KYOWA HAKKO BIO CO. LTD. 19.3. DSM 19.4. Nestle Health Science 19.5. DUPONT 19.6. zuChem Inc. 19.7. Glycosyn LLC 19.8. Elicityl SA 19.9. Dextra Laboratories Limited 19.10. Carbosynth Limited 19.11. Other Players (On Additional Requests) 20. Assumptions and Acronyms Used 21. Research Methodology
Explore Food and Beverage Insights
View Reports