Posted 3/14/2024, 12:30:00 AM
Human Milk Oligosaccharide Market Soars as Companies Race to Mimic Breast Milk
- Global human milk oligosaccharide (HMO) market expected to reach $100.8 million in 2024 and surge at a CAGR of 6.5% by 2034
- Rising demand for infant formulas containing HMOs that closely mimic nutritional composition of breast milk
- Leading companies investing in R&D for novel HMO production technologies and strategic partnerships
- Fucosylated product type segment expected to reach $42.9 million by 2034
- Escalating demand in China and steady growth expected in Japan at CAGRs of 5.5% and 4.8% respectively