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% |
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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.
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| 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% |
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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 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends By Region 3.5. Forecast Factors - Relevance & Impact 3.6. Key Regulations and Policies 4. Value Chain Analysis 4.1. Operating Margins at Each Node of the Supply Chain 4.2. List of Active Market Participants 5. Global - Pricing Analysis 5.1. Price Point Assessment by Region 5.1.1. Manufacturer-Level Pricing 5.1.2. Distributor Level Pricing 5.2. Price Point Assessment By Product 5.3. Price Forecast till 2034 6. Global Market Size (in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 7.1. Introduction / Key Findings 7.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Product Type, 2019 to 2023 7.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Product Type, 2024 to 2034 7.3.1. Fucosylated 7.3.1.1. 2FL 7.3.1.2. 2FL DFL 7.3.1.3. 3FL 7.3.2. Silylated 7.3.2.1. 3SL 7.3.2.2. 6SL 7.3.3. Non-fucosylated Neutral 7.3.3.1. LNT 7.3.3.2. LNnT 7.3.3.3. LNFP 7.4. Market Attractiveness Analysis By Product Type 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use 8.1. Introduction / Key Findings 8.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By End-use, 2019 to 2023 8.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By End-use, 2024 to 2034 8.3.1. Infant Formula 8.3.2. Dietary Supplements 8.4. Market Attractiveness Analysis By End-use 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 9.1. Introduction 9.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Region, 2019 to 2023 9.3. Current Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. East Asia 9.3.5. South Asia 9.3.6. Oceania 9.3.7. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 10.1. Introduction 10.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 10.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 10.3.1. By Country 10.3.1.1. United States 10.3.1.2. Canada 10.3.2. By Product Type 10.3.3. By End-use 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Product Type 10.4.3. By End-use 10.5. Key Takeaways 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 11.3.1. By Country 11.3.1.1. Brazil 11.3.1.2. Mexico 11.3.1.3. Argentina 11.3.1.4. Rest of Latin America 11.3.2. By Product Type 11.3.3. By End-use 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Product Type 11.4.3. By End-use 11.5. Key Takeaways 12. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Country 12.3.1.1. Germany 12.3.1.2. United Kingdom 12.3.1.3. France 12.3.1.4. Italy 12.3.1.5. Spain 12.3.1.6. BENELUX 12.3.1.7. Nordic 12.3.1.8. Russia 12.3.1.9. Poland 12.3.1.10. Rest of Europe 12.3.2. By Product Type 12.3.3. By End-use 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Product Type 12.4.3. By End-use 12.5. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. China 13.3.1.2. Japan 13.3.1.3. South Korea 13.3.2. By Product Type 13.3.3. By End-use 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Product Type 13.4.3. By End-use 13.5. Key Takeaways 14. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. India 14.3.1.2. Thailand 14.3.1.3. Malaysia 14.3.1.4. Indonesia 14.3.1.5. Singapore 14.3.1.6. Vietnam 14.3.1.7. Philippines 14.3.1.8. Rest of South Asia 14.3.2. By Product Type 14.3.3. By End-use 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Product Type 14.4.3. By End-use 14.5. Key Takeaways 15. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. Australia 15.3.1.2. New Zealand 15.3.2. By Product Type 15.3.3. By End-use 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Product Type 15.4.3. By End-use 15.5. Key Takeaways 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. GCC Countries 16.3.1.2. Turkiye 16.3.1.3. Egypt 16.3.1.4. South Africa 16.3.1.5. Rest of Middle East and Africa 16.3.2. By Product Type 16.3.3. By End-use 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Product Type 16.4.3. By End-use 16.5. Key Takeaways 17. Country-level Market Analysis, 2022 17.1. United States Market Analysis 17.1.1. By Product Type 17.1.2. By End-use 17.2. Canada Market Analysis 17.2.1. By Product Type 17.2.2. By End-use 17.3. Brazil Market Analysis 17.3.1. By Product Type 17.3.2. By End-use 17.4. Mexico Market Analysis 17.4.1. By Product Type 17.4.2. By End-use 17.5. Argentina Market Analysis 17.5.1. By Product Type 17.5.2. By End-use 17.6. Germany Market Analysis 17.6.1. By Product Type 17.6.2. By End-use 17.7. United Kingdom Market Analysis 17.7.1. By Product Type 17.7.2. By End-use 17.8. France Market Analysis 17.8.1. By Product Type 17.8.2. By End-use 17.9. Italy Market Analysis 17.9.1. By Product Type 17.9.2. By End-use 17.10. Spain Market Analysis 17.10.1. By Product Type 17.10.2. By End-use 17.11. Belgium Market Analysis 17.11.1. By Product Type 17.11.2. By End-use 17.12. Netherlands Market Analysis 17.12.1. By Product Type 17.12.2. By End-use 17.13. Nordic Market Analysis 17.13.1. By Product Type 17.13.2. By End-use 17.14. Russia Market Analysis 17.14.1. By Product Type 17.14.2. By End-use 17.15. Poland Market Analysis 17.15.1. By Product Type 17.15.2. By End-use 17.16. China Market Analysis 17.16.1. By Product Type 17.16.2. By End-use 17.17. Japan Market Analysis 17.17.1. By Product Type 17.17.2. By End-use 17.18. South Korea Market Analysis 17.18.1. By Product Type 17.18.2. By End-use 17.19. India Market Analysis 17.19.1. By Product Type 17.19.2. By End-use 17.20. Thailand Market Analysis 17.20.1. By Product Type 17.20.2. By End-use 17.21. Malaysia Market Analysis 17.21.1. By Product Type 17.21.2. By End-use 17.22. Vietnam Market Analysis 17.22.1. By Product Type 17.22.2. By End-use 17.23. Philippines Market Analysis 17.23.1. By Product Type 17.23.2. By End-use 17.24. Indonesia Market Analysis 17.24.1. By Product Type 17.24.2. By End-use 17.25. Singapore Market Analysis 17.25.1. By Product Type 17.25.2. By End-use 17.26. Australia Market Analysis 17.26.1. By Product Type 17.26.2. By End-use 17.27. New Zealand Market Analysis 17.27.1. By Product Type 17.27.2. By End-use 17.28. GCC Countries Market Analysis 17.28.1. By Product Type 17.28.2. By End-use 17.29. Turkiye Market Analysis 17.29.1. By Product Type 17.29.2. By End-use 17.30. Egypt Market Analysis 17.30.1. By Product Type 17.30.2. By End-use 17.31. South Africa Market Analysis 17.31.1. By Product Type 17.31.2. By End-use 18. Market Structure Analysis 18.1. Global Competition - a Dashboard View 18.2. Industry Structure Analysis 18.2.1. % tier 1 market players 18.2.2. % tier 2 market players 18.2.3. % tier 3 market players 18.3. Global Market Company Share Analysis 18.3.1. For Tier 1 Market Players, 2024 18.3.2. Company Market Share Analysis of Top 5 Players, By Region 18.4. Key Participants Market Presence (Intensity Mapping) by Region 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Competition Deep Dive 19.3.1. Jennewein Biotechnologie GmbH 19.3.1.1. Product Portfolio 19.3.1.2. Product Claim 19.3.1.3. Revenue by Market Segments (Product/ channel/Region) 19.3.1.4. Sales Footprint 19.3.1.5. Strategy Overview 19.3.1.5.1. Marketing Strategy 19.3.1.5.2. Product Strategy 19.3.1.5.3. Channel Strategy 19.3.1.6. SWOT Analysis 19.3.2. KYOWA HAKKO BIO CO. LTD. 19.3.3. DSM 19.3.4. Nestle Health Science 19.3.5. DUPONT 19.3.6. zuChem Inc. 19.3.7. Glycosyn LLC 19.3.8. Elicityl SA 19.3.9. Dextra Laboratories Limited 19.3.10. Carbosynth Limited 19.3.11. Other Players (On Additional Requests) 20. Assumptions and Acronyms Used 21. Research Methodology
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Human Milk Oligosaccharide (HMO) Market
