Human Milk Oligosaccharides Market-Overview:
The burgeoning infant population levels are estimated to promote the human milk oligosaccharides market 2020. The healthcare reports are made by Market Research Future, which includes market options for evolution and was valued USD 110.03 million in the year 2018 CAGR of 27.06 % is anticipated to bolster the global market in the forecast period.
The developing use of HMOs in functional foods is estimated to create lucrative opportunities for the Human Milk Oligosaccharides Market companies. The intensifying demand for human milk oligosaccharides in infant formula is likely to spur the global market in the upcoming period. Also, the expansion of the functional food segment is projected to shape the human milk oligosaccharides market in the forecast period.
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Human Milk Oligosaccharides Market Segmental Analysis:
The segmental evaluation of the human milk oligosaccharides market has been conducted on the basis of application, type, and region. The application-based segmentation of the human milk oligosaccharides market has been split into laboratory research and the food industry. Based on type, the human milk oligosaccharides market has been divided into acidic and neutral. On the basis of regions, the human milk oligosaccharides market is segmented into North America, Europe, Asia Pacific, and other significant regions.
Detailed Regional Analysis:
The regional scrutiny of the human milk oligosaccharides market has been conducted on the basis of North America, Europe, Asia Pacific, and other significant regions. In the year 2018, the North American region is credited for the principal portion of the human milk oligosaccharides market owing to the elevated consumption of infant formula in the region. The European region’s human milk oligosaccharides market in 2018 is credited for the second prime revenue segment of the global human milk oligosaccharides market. Consequently, the significant factors swaying the growth of the European region market are the minimal rates of breastfeeding and increasing EU approvals for recently introduced HMO-based products. The national market in Japan held the minimum portion of the human milk oligosaccharides market owing to the reduction in the infant population.
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Human Milk Oligosaccharides Market Competitive Analysis:
The market is estimated to observe the after-effects of the current crisis in the near future as well. The market in the upcoming period is estimated to be defined by the policies undertaken by the governments around the world to revitalize the global market. The competition in the market is foreseen to be the critical reason for several growth policies in the market. The need to combine competitive synergies is estimated to be increasingly seen in the market. The revision in production and distribution strategies are estimated to fortify the market on a global scale in the forecast period. The transition to a virtual working environment is foreseen to alter the conventional way of functioning in the assessment period. The need be to stay in touch with the end-users while strategically enhancing global footprint is estimated to emerge as a vital objective of several market stakeholders. The need to create an enhanced service delivery channel is estimated to define the next stage of global market development.
The leading contenders in the human milk oligosaccharides market are Elicityl S.A. (France), Glycom (Denmark), Glycosyn LLC (US), Inbiose NV (Belgium), Medolac Laboratories (US), Abbott (US), BASF SE (Germany), Dextra Laboratories Limited (UK), Jennewein Biotechnologie GmbH (Germany), DuPont Nutrition & Health (Denmark), Nestlé Health Science (Switzerland) and ZuChem (US).
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Aug 2020 Conagen, a Boston-based biotechnology company, has shown a novel and proprietary procedure for the scalable manufacture of a non-GMO human milk oligosaccharide (HMO), a vital nutritional compound only seen in human milk. This micronutrition innovation will permit the conception of high-quality and lucrative next-generation infant formula products that are like human breast milk.
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