Product Code: TIPRE00017865
The human milk fortifier market is expected to grow from US$ 274.67 million in 2022 to US$ 566.35 million by 2030; it is estimated to register a CAGR of 9.6% from 2022 to 2030.
Human milk fortifiers are nutritional supplements added to human milk to provide additional calories, electrolytes, and vitamins to infants. It is commonly prescribed to preterm babies in the neonatal intensive care unit (NICU) to ensure nutritional intake and improve overall development and growth. In addition, babies with low weight are also prescribed human milk fortifiers.
The human milk fortifier market is segmented into powder and liquid based on form. The powder segment is expected to register a higher CAGR during the forecast period. Human milk fortifiers in the powdered form supplement and enhance the nutritional content of breast milk. Fortified breast milk is prescribed to premature or medically fragile infants. People prefer powdered human milk fortifiers for convenience in storage, handling, and preparation. Moreover, they are easier to store and transport while ensuring a longer shelf life than liquid products.
In 2022, North America accounted for the largest share of the global human milk fortifier market. The market in the region is segmented into the US, Canada, and Mexico. There has been a growing awareness among healthcare professionals and parents about the benefits of human milk fortifiers for preterm infants in North America. Human milk fortifiers are used to enhance the nutritional content of breast milk, providing essential nutrients that are often lacking in the milk of preterm mothers. As product awareness increases, more healthcare facilities and parents opt for human milk fortifiers, driving the market. North America has observed a rise in the preterm birth rate in recent years. Preterm infants are at higher risk of nutritional deficiencies and require specialized nutrition to support their growth and development. Human milk fortifiers are crucial in meeting the nutritional needs of these infants, which has led to increased demand for such products. Also, developing advanced human milk fortifiers with improved formulations and enhanced nutritional profiles has contributed to market growth. Manufacturers have invested in research and development to create fortifiers that offer optimal nutrition for preterm infants. These advancements have increased the effectiveness and acceptance of human milk fortifiers among healthcare providers and parents.
The key players operating in the global human milk fortifier market include Abbott Laboratories, NeoLacta Lifesciences Pvt Ltd, Nestle SA, Prolacta Bioscience Inc, Lead Care International Ltd, Raptakos, Brett & Co Ltd, NeoKare Nutrition Ltd, Danone SA, Neolac Inc, and Reckitt Benckiser Group Plc. Players operating in the global human milk fortifier market focus on providing high-quality products to fulfill customer demand. They also focus on strategies such as investments in research and development activities, new product launches, and expanding production capacities.
The overall global human milk fortifier market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the human milk market.
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Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Scope of the Study
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis Formulation:
- 3.2.4 Macro-economic Factor Analysis:
- 3.2.5 Developing Base Number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country Level Data:
- 3.2.8 Limitations and Assumptions
4. Human Milk Fortifier Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Buyers:
- 4.2.3 Bargaining Power of Suppliers:
- 4.2.4 Intensity of Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
- 4.3 Expert Opinion
5. Human Milk Fortifier Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Increase in Number of Preterm Births
- 5.1.2 Strategic Initiatives by Key Market Players
- 5.2 Market Restraints
- 5.2.1 Stringent Government Policies
- 5.3 Market Opportunities
- 5.3.1 Rising Awareness in Developing Countries
- 5.4 Future Trends
- 5.4.1 New Ways of Feeding Fortifiers to Infants
- 5.5 Impact Analysis of Drivers and Restraints
6. Human Milk Fortifier - Global Market Analysis
- 6.1 Human Milk Fortifier Market Overview
- 6.2 Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 6.3 Competitive Positioning - Key Market Players
7. Global Human Milk Fortifier Market Analysis - By Form
- 7.1 Overview
- 7.2 Human Milk Fortifier Market, By Form (2022 and 2030)
- 7.3 Powder
- 7.3.1 Overview
- 7.3.2 Powder: Human Milk Fortifier Market - Revenue and Forecast to 2030 (US$ Million)
- 7.4 Liquid
- 7.4.1 Overview
- 7.4.2 Liquid: Human Milk Fortifier Market - Revenue and Forecast to 2030 (US$ Million)
8. Global Human Milk Fortifier Market Analysis - By Distribution Channel
- 8.1 Overview
- 8.2 Human Milk Fortifier Market, By Distribution Channel (2022 and 2030)
- 8.3 Online
- 8.3.1 Overview
- 8.3.2 Online: Human Milk Fortifier Market - Revenue and Forecast to 2030 (US$ Million)
- 8.4 Offline
- 8.4.1 Overview
- 8.4.2 Offline: Human Milk Fortifier Market - Revenue and Forecast to 2030 (US$ Million)
9. Global Human Milk Fortifier Market - Geographic Analysis
- 9.1 Overview
- 9.2 North America: Human Milk Fortifier Market
- 9.2.1 North America: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.2.2 North America: Human Milk Fortifier Market, by Form
- 9.2.3 North America: Human Milk Fortifier Market, by Distribution Channel
- 9.2.4 North America: Human Milk Fortifier Market, by Key Country
- 9.2.4.1 US: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.2.4.1.1 US: Human Milk Fortifier Market, by Form
- 9.2.4.1.2 US: Human Milk Fortifier Market, by Distribution Channel
- 9.2.4.2 Canada: Human Milk Fortifier Market-Revenue and Forecast to 2030 (US$ Million)
- 9.2.4.2.1 Canada: Human Milk Fortifier Market, by Form
- 9.2.4.2.2 Canada: Human Milk Fortifier Market, by Distribution Channel
- 9.2.4.3 Mexico: Human Milk Fortifier Market-Revenue and Forecast to 2030 (US$ Million)
- 9.2.4.3.1 Mexico: Human Milk Fortifier Market, by Form
- 9.2.4.3.2 Mexico: Human Milk Fortifier Market, by Distribution Channel
- 9.3 Europe: Human Milk Fortifier Market
- 9.3.1 Europe: Human Milk Fortifier Market-Revenue and Forecast to 2030 (US$ Million)
- 9.3.2 Europe: Human Milk Fortifier Market, by Form
- 9.3.3 Europe: Human Milk Fortifier Market, by Distribution Channel
- 9.3.4 Europe: Human Milk Fortifier Market, by Key Country
- 9.3.4.1 Germany: Human Milk Fortifier Market-Revenue and Forecast to 2030 (US$ Million)
- 9.3.4.1.1 Germany: Human Milk Fortifier Market, by Form
- 9.3.4.1.2 Germany: Human Milk Fortifier Market, by Distribution Channel
- 9.3.4.2 France: Human Milk Fortifier Market-Revenue and Forecast to 2030 (US$ Million)
- 9.3.4.2.1 France: Human Milk Fortifier Market, by Form
- 9.3.4.2.2 France: Human Milk Fortifier Market, by Distribution Channel
- 9.3.4.3 Italy: Human Milk Fortifier Market-Revenue and Forecast to 2030 (US$ Million)
- 9.3.4.3.1 Italy: Human Milk Fortifier Market, by Form
- 9.3.4.3.2 Italy: Human Milk Fortifier Market, by Distribution Channel
- 9.3.4.4 United Kingdom: Human Milk Fortifier Market-Revenue and Forecast to 2030 (US$ Million)
- 9.3.4.4.1 United Kingdom: Human Milk Fortifier Market, by Form
- 9.3.4.4.2 United Kingdom: Human Milk Fortifier Market, by Distribution Channel
- 9.3.4.5 Russia: Human Milk Fortifier Market-Revenue and Forecast to 2030 (US$ Million)
- 9.3.4.5.1 Russia: Human Milk Fortifier Market, by Form
- 9.3.4.5.2 Russia: Human Milk Fortifier Market, by Distribution Channel
- 9.3.4.6 Rest of Europe: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.3.4.6.1 Rest of Europe: Human Milk Fortifier Market, by Form
- 9.3.4.6.2 Rest of Europe: Human Milk Fortifier Market, by Distribution Channel
- 9.4 Asia Pacific: Human Milk Fortifier Market
- 9.4.1 Asia Pacific: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.4.2 Asia Pacific: Human Milk Fortifier Market, by Form
- 9.4.3 Asia Pacific: Human Milk Fortifier Market, by Distribution Channel
- 9.4.4 Asia Pacific: Human Milk Fortifier Market, by Key Country
- 9.4.4.1 Australia: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.4.4.1.1 Australia: Human Milk Fortifier Market, by Form
- 9.4.4.1.2 Australia: Human Milk Fortifier Market, by Distribution Channel
- 9.4.4.2 China: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.4.4.2.1 China: Human Milk Fortifier Market, by Form
- 9.4.4.2.2 China: Human Milk Fortifier Market, by Distribution Channel
- 9.4.4.3 India: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.4.4.3.1 India: Human Milk Fortifier Market, by Form
- 9.4.4.3.2 India: Human Milk Fortifier Market, by Distribution Channel
- 9.4.4.4 Japan: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.4.4.4.1 Japan: Human Milk Fortifier Market, by Form
- 9.4.4.4.2 Japan: Human Milk Fortifier Market, by Distribution Channel
- 9.4.4.5 South Korea: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.4.4.5.1 South Korea: Human Milk Fortifier Market, by Form
- 9.4.4.5.2 South Korea: Human Milk Fortifier Market, by Distribution Channel
- 9.4.4.6 Rest of Asia Pacific: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.4.4.6.1 Rest of Asia Pacific: Human Milk Fortifier Market, by Form
- 9.4.4.6.2 Rest of Asia Pacific: Human Milk Fortifier Market, by Distribution Channel
- 9.5 Middle East and Africa: Human Milk Fortifier Market
- 9.5.1 Middle East and Africa: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.5.2 Middle East and Africa: Human Milk Fortifier Market, by Form
- 9.5.3 Middle East and Africa: Human Milk Fortifier Market, by Distribution Channel
- 9.5.4 Middle East and Africa: Human Milk Fortifier Market, by Key Country
- 9.5.4.1 South Africa: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.5.4.1.1 South Africa: Human Milk Fortifier Market, by Form
- 9.5.4.1.2 South Africa: Human Milk Fortifier Market, by Distribution Channel
- 9.5.4.2 Saudi Arabia: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.5.4.2.1 Saudi Arabia: Human Milk Fortifier Market, by Form
- 9.5.4.2.2 Saudi Arabia: Human Milk Fortifier Market, by Distribution Channel
- 9.5.4.3 UAE: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.5.4.3.1 UAE: Human Milk Fortifier Market, by Form
- 9.5.4.3.2 UAE: Human Milk Fortifier Market, by Distribution Channel
- 9.5.4.4 Rest of MEA: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.5.4.4.1 Rest of MEA: Human Milk Fortifier Market, by Form
- 9.5.4.4.2 Rest of MEA: Human Milk Fortifier Market, by Distribution Channel
- 9.6 South & Central America: Human Milk Fortifier Market
- 9.6.1 South & Central America: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.6.2 South & Central America: Human Milk Fortifier Market, by Form
- 9.6.3 South & Central America: Human Milk Fortifier Market, by Distribution Channel
- 9.6.4 South & Central America: Human Milk Fortifier Market, by Key Country
- 9.6.4.1 Brazil: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.6.4.1.1 Brazil: Human Milk Fortifier Market, by Form
- 9.6.4.1.2 Brazil: Human Milk Fortifier Market, by Distribution Channel
- 9.6.4.2 Argentina: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.6.4.2.1 Argentina: Human Milk Fortifier Market, by Form
- 9.6.4.2.2 Argentina: Human Milk Fortifier Market, by Distribution Channel
- 9.6.4.3 Rest of South & Central America: Human Milk Fortifier Market -Revenue and Forecast to 2030 (US$ Million)
- 9.6.4.3.1 Rest of South & Central America: Human Milk Fortifier Market, by Form
- 9.6.4.3.2 Rest of South & Central America: Human Milk Fortifier Market, by Distribution Channel
10. Impact Of COVID-19 Pandemic on Human Milk Fortifier Market
- 10.1 Impact of COVID-19 on Human Milk Fortifier Market
- 10.2 North America: Impact Assessment of COVID-19 Pandemic
- 10.3 Europe Impact Assessment of COVID-19 Pandemic
- 10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
- 10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
- 10.6 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
- 11.1 Abbott Laboratories
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 NeoLacta Lifesciences Pvt Ltd
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Nestle SA
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Prolacta Bioscience Inc
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Lead Care International Ltd
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Raptakos, Brett & Co Ltd
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 NeoKare Nutrition Ltd
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Danone SA
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Neolac Inc
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 Reckitt Benckiser Group Plc
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 12.2 Word Index