The major factors driving the human milk oligosaccharides market growth are rising awareness regarding the health benefits, increasing application areas, and technological advancements. The changing lifestyle of the young generation as well as the ageing population is encouraging the people toward healthy lifestyle.
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Based on application, the human milk oligosaccharides market is classified into functional food and beverage, food supplements, infant formulas, and others. Among all these, infant formulas are anticipated to grow at the fastest rate during the forecast period. This is attributable to the health benefits associated with the infant formulas such as maintaining gut microbiota and inhibition of pathogen in infants.
Increasing focus on the development of cost effective production techniques has opened avenues for innovation in the human milk oligosaccharides area which is expected to create growth opportunities in the human milk oligosaccharides market for the industry players. Based on application, the human milk oligosaccharides market is classified into functional food and beverage, food supplements, infant formulas, and others.
Europe is anticipated to hold the largest share in the human milk oligosaccharides market during the forecast period, due to the increasing demand of infant formulas to boost their immunity. Along with that, the increasing demand of the product from functional food and beverage industry is also expected to propel the market growth.
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Some of the major players operating in the global human milk oligosaccharides market include Medolac Laboratories, ZuChem Inc., Elicityl SA, Glycom, Glycosyn LLC, Inbiose NV, Jennewein Biotechnologie GmbH, Dextra Group, GNUbiotics Sciences, DowDuPont Inc, and ProZyme Inc.
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