Industry Background:
The global human milk fortifier market is slightly competitive and the market is having of few players, lack of consumer base. In terms of vendor share, some of the key players presently leading in this global market. These players are focusing on market enhancement development initiatives to enhance their market share and improve their profitability.
According to AMA Research, the market for Human Milk Fortifier is expected to register a CAGR of 9.9% during the forecast period to 2030. This growth is primarily driven by Growing Requirement of Nutritional Supplement
.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Abbott Laboratories (United States), Nestle (Switzerland), Milupa (Germany), MeadJohnson (United States), Arla Foods Amba (Denmark), Campbell Soup Company (United States), Dana Dairy Group Ltd. (Switzerland), Danone (France) and Reckitt Benckiser (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2020, Lifeblood Milk and the South Australian Health and Medical Research Institute (SAHMRI) collaborated with CSIRO, Australia's national science agency, to develop human milk fortifiers aimed at improving nutrition and growth in preterm babies.
On March 3, 2021, NeoKare Nutrition Ltd., a manufacturer of human milk-based formulations, launched NeoKare MMF in the UK. It is the world’s first mother’s milk fortifier in powder form designed to meet the unique nutritional needs of premature infants.The human milk market is having less number of players, the companies are highly investing in marketing techniques to enhance consumer awareness and others. Along with that, there are some new market entrants in this industry with advanced processing technology.
Influencing Trend:
Rising Consumer Online Buying Trends
Market Growth Drivers:
Growing Requirement of Nutritional Supplement and Lacking Nutrition’s In Breast Milk
Challenges:
Lack of Consumer Awareness and Lack of Product Availability
Restraints:
Rising Concern of Having Infection among Consumers Such As Allergy and High Cost Associated With the Human Milk Fortifier
Opportunities:
Rising Ratio of Low Birth Weight Infants
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Human Milk Fortifier Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Human Milk Fortifier Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Human Milk Fortifier players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Human Milk Fortifier Study Sheds Light on
The Human Milk Fortifier Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Human Milk Fortifier industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Human Milk Fortifier industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.