Human Milk Oligosaccharides Market Worth $170.4 M by 2024

Wednesday 8 February 2017, Amsterdam

The global human milk oligosaccharides market is expected to reach USD 170.4 million by 2024, according to a new report, now available on ASDReports. 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.