San Francisco, 23 October 2018 , 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.
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 At: www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand View Research has segmented the
global human milk oligosaccharides market on the basis of application and
region:
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
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-humaan-milk-oligosaccharides-market
www.grandviewresearch.com/press-release/global-humaan-milk-oligosaccharides-market
About Grand View
Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, 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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
