Human Milk Oligosaccharides (HMO) Market 2023-2030: Increasing Demand For Food Supplements And Increasing Popularity Of Synthesis Production
The Global Human Milk Oligosaccharides (HMO) Market size is expected to reach USD 989.6 Million in 2030 and register a revenue CAGR of 22.4% over the forecast period, according to the latest report by Reports and Data. Rapid market revenue growth of HMO is owing to its functional benefits in infant formula and various other nutritional food items as well as food supplements. Major companies in HMO market are developing new methods of production, such as separating HMO from cow milk, using expensive procedures (chemically or enzymatically synthesizing), or using microorganisms because HMOs increase immunity. Extensive availability of low-cost substrates is one of the reasons why manufacturing is becoming more cost-effective. Simple sugars are converted into HMOs by microbial cell factories, which keeps the process cost-effective.
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Lack of large-scale manufacturing methods, high cost of research and development, and strict federal restrictions are expected to hamper the human milk oligosaccharides market revenue growth. The most prevalent application for the product is baby food, which serves to improve newborns’ health and prevent disease by giving them the nutrients. HMOs also play a vital role in the development of the individual’s brain. As there is a broad demand for HMO, many producers, such as Inbiose NV and Abbott, employ fermentation technologies, chemical and enzymatic synthesis, and other techniques to produce human milk oligosaccharides, which drive market revenue growth of HMO. However, chemical and enzymatic synthesis processes are expensive and have low raw material availability in the market, thus hampering market revenue growth.
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Some of the Leading Market Players Are Listed Below:
- Biosynth Carbosynth,
- Hansen Holding A/S,
- Dextra Laboratories Ltd.,
- IFF Nutrition and Biosciences,
- Callaghan Innovation
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Human Milk Oligosaccharides (HMO) market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Human Milk Oligosaccharides (HMO) market.
The global Human Milk Oligosaccharides (HMO) market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
By Product Outlook
By Application Outlook
- Functional Food & Beverages
- Infant Formula
- Food Supplements
By Distribution Channel Outlook
- Hypermarkets & Supermarkets
- Drug Store or Pharmacy
- Mass Merchandiser
- Departmental Stores
- Mono-Brand Stores
- Specialty Stores
- Online Sales Channels
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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