Human Milk Oligosaccharide Market Expected to Surge at 6.5% CAGR by 2034 Amid Growing Population and Demand for Infant Nutrition Products | Future Market Insights, Inc. [Yahoo! Finance]
KIRIN HLDGS CO LTD S/ADR (KNBWY)
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Source: Yahoo! Finance
NEWARK, Del, March 13, 2024 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global human milk oligosaccharide (HMO) market is estimated to reach US$ 100.8 million in 2024 . Over the forecast period, human milk oligosaccharide sales are poised to increase at a CAGR of . The global market is estimated to reach US$ 161.6 million by 2034 Escalating demand for infant formula products that emulate the nutritional composition of breast milk is driving the human milk oligosaccharide market. As awareness of breast milk's unique benefits grows, parents and caregivers are seeking human milk oligosaccharides that closely resemble breast milk for optimal infant nutrition. Rising birth rates, urbanization, and the growing prevalence of working mothers are the factors contributing to a greater reliance on human milk oligosaccharides as a primary source of infant nutrition. Advancements in extraction and purification technologies are making HMOs more accessible to formula manu
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