The global   smoked salmon market   was valued at USD 12.59 billion in 2024 and is expected to grow to USD 13.23 billion in 2025. By 2030, the industry is projected to reach USD 17.28 billion, reflecting a CAGR of 5.48% during the forecast period. In 2024, Europe led the market, accounting for 44.72% of the global share.

Some of the key companies shaping the market include Mowi, Thai Union Group Public Limited Company, Austevoll Seafood ASA, and Ocean Beauty Seafoods.

Smoked salmon is prepared from fish fillets that are cured and then either cold- or hot-smoked. Known for its high nutritional value, it is an excellent source of omega-3 fatty acids, protein, copper, phosphorus, Vitamin B12, and Vitamin B6, which collectively support overall health. Popular product types include wild sockeye salmon, Atlantic salmon, and smoked trout. Although smoking has been used for centuries as a preservation method, the popularity of smoked salmon has grown significantly in recent years, especially among health-conscious consumers. Its consumption is associated with various benefits, including cardiovascular health support and reduced risk of certain diseases. The growing demand for animal-based protein and the entry of new players are key drivers fueling industry expansion.

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Market Trends

Rising Demand for Clean-Label and Sustainable Products

Consumers are increasingly seeking transparency in food labels and sustainability in sourcing. This has boosted the adoption of clean-label and eco-friendly smoked salmon products. Manufacturers are responding by launching product lines that align with these preferences. Moreover, many consumers are willing to pay a premium for products with clean-label certifications, further accelerating growth.

Segmentation Insights

In 2024, cold-smoked salmon dominated the market due to its stronger nutritional value compared to hot-smoked options. By application, the household segment held the largest share, highlighting its popularity at the consumer level.

Regional Analysis

The smoked salmon market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Europe retained its dominant position in 2024, supported by high import volumes and strong demand for sustainable seafood, especially Atlantic salmon, which is the most widely consumed type in the region. North America ranked third globally, with rising demand driven by greater health awareness and recognition of omega-3 health benefits.

Competitive Landscape

In 2024, leading companies such as Mowi, Austevoll Seafood ASA, Thai Union Group, Labeyrie Fine Foods, and Ocean Beauty Seafoods accounted for nearly 40% of the total market share. These players are actively expanding their global presence to strengthen their competitive positioning across key regions.

Report Scope

This research provides both qualitative and quantitative insights, covering market size, forecast growth, segmentation performance, and regional dynamics to deliver a comprehensive outlook on the smoked salmon industry.

Key Companies Profiled

• Mowi (Norway)
• Labeyrie Fine Foods (France)
• Ocean Beauty Seafoods (U.S.)
• Austevoll Seafood ASA (Norway)
• Suempol (Poland)
• Milarex (Norway)
• SalMar ASA (Norway)
• Thai Union Group PCL (Thailand)
• ACME Smoked Fish (U.S.)
• Cooke, Inc. (Canada)

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Recent Industry Development

In March 2024, Mowi launched its “7 Origins of Salmon” campaign at the Seafood Expo North America. The initiative showcased a diverse range of products—including smoked, frozen, and fresh salmon—targeting both retail and food service markets.

The global   dietary supplements market  was valued at USD 86.77 billion in 2023 and is forecasted to grow from USD 93.46 billion in 2024 to USD 182.52 billion by 2032, reflecting a CAGR of 8.73% during 2024–2032. In 2023, Asia Pacific accounted for the largest market share at 41.97%.

Dietary supplements, which are consumed orally and contain one or more nutritional ingredients, are witnessing rising demand. Growth is being driven by increasing interest in sports nutrition and performance-enhancing products, coupled with greater consumer awareness of daily micronutrient requirements. Higher spending on health and wellness products also contributes to market expansion.

Government support for herbal supplements is further propelling growth. For instance, in March 2021, India’s Ministry of AYUSH launched the Centrally Sponsored National AYUSH Mission (NAM), offering subsidies of 30%, 50%, and 75% for cultivating nearly 140 varieties of medicinal and herbal plants.

Although the COVID-19 pandemic initially disrupted supply chains and trade, it ultimately boosted demand for dietary supplements worldwide, as consumers turned to these products for immunity strengthening and overall health protection.

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Segmentation Insights

The market is segmented by type, with vitamins leading the category due to their essential role in preventing deficiencies and supporting overall health. By form, tablets dominate, favored for their stability, affordability, and ease of storage and transport. In terms of application, general health supplements hold the largest share, supported by the growing trend of preventive healthcare. By end user, adults account for the biggest segment, driven by rising fitness awareness and healthier lifestyle choices. By distribution channel, pharmacies remain the leading outlet, as many consumers prefer professional guidance before purchase.

Market Drivers and Challenges

The shift toward preventive healthcare, particularly among aging populations and individuals with chronic illnesses, is a major growth driver. Continuous innovation from both established players and emerging brands is widening product availability. However, high product costs remain a barrier in price-sensitive regions, restricting adoption.

Regional Outlook

Asia Pacific is expected to maintain its leadership position, expanding at a CAGR of 8.50% through 2032, supported by growing health consciousness and increased spending on nutrition. North America is also showing steady growth, largely influenced by the high prevalence of chronic conditions such as diabetes and obesity.

Competitive Landscape

Industry leaders are focusing on innovation, portfolio diversification, and international expansion. Scaling production capabilities and implementing targeted marketing strategies are helping companies strengthen their market presence. For example, Nestlé S.A. continues to expand its product range and enhance its global footprint to capture rising demand.

Key Companies Profiled

• Amway Corp (U.S.)
• Abbott (U.S.)
• Nestlé S.A. (Switzerland)
• Herbalife Nutrition Ltd. (U.S.)
• Archer Daniels Midland Company (U.S.)
• Glanbia Nutritionals (U.S.)
• Otsuka Holdings Co. Ltd. (Japan)
• Arkopharma (France)
• Pfizer Inc. (U.S.)
• GlaxoSmithKline plc (U.K.)

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Recent Development

• November 2023:   Abbott launched an improved version of its PediaSure supplement, featuring the proprietary Nutri-Pull system. The updated formula includes essential nutrients such as vitamins C, D, and K2, along with casein phosphopeptides (CPPs), to better support children’s growth and nutritional needs.

The global   crop protection chemicals market   was valued at USD 64.18 billion in 2024 and is projected to expand from USD 67.18 billion in 2025 to USD 97.01 billion by 2032, registering a CAGR of 5.39% between 2025 and 2032. In the U.S., the market is forecasted to grow notably, reaching around USD 11.14 billion by 2032, supported by the rapid adoption of modern agricultural technologies and advanced farming practices. Asia Pacific led the global market in 2024, holding a 29.15% share.

Crop protection solutions, such as pesticides, play a vital role in minimizing yield losses caused by pests and diseases. The Royal Society of Chemistry reports that nearly 800 active chemical ingredients are currently registered worldwide for crop protection purposes. These chemicals are commonly classified into herbicides, fungicides, and insecticides.

In recent years, research within this sector has centered on the development of safer compounds to replace older chemicals and address resistance issues among pests. R&D efforts are also focused on creating solutions with high selectivity for target pests, lower application rates per hectare, broader spectrum control, and compliance with both global and regional regulatory frameworks.

Information Source:  https://www.fortunebusinessinsights.com/industry-reports/crop-protection-chemicals-market-100080   

COVID-19 Impact on the Market

The COVID-19 pandemic severely disrupted global economic activity, with the contraction surpassing that of the 1930s Great Depression. According to the United Nations World Economic Situation and Prospects report, the global economy shrank by 3.2% in 2020, while the UN Department of Economic and Social Affairs noted that about 90% of economic activities were halted during lockdowns. These restrictions interrupted supply chains and limited access to raw materials, directly affecting agrochemical production and distribution. Consequently, the crop protection chemicals industry also faced significant setbacks during this period.

Market Segmentation

The market is segmented by type into herbicides, fungicides, insecticides, and others; by crop type into cereals, fruits & vegetables, oilseeds & pulses, and others; by application into seed treatment, soil treatment, foliar spray, and others; and by region into North America, South America, Europe, Asia Pacific, and the Middle East & Africa.

Key Market Drivers and Challenges

Growing Demand for Higher Agricultural Yields

Farmers are increasingly adopting Integrated Pest Management (IPM) techniques that combine biological control, pest-resistant crop varieties, and improved farming methods. These practices enhance crop productivity while minimizing risks to human health and the environment. According to India’s Directorate of Plant Protection, Quarantine & Storage, IPM adoption has improved yields by 40.14% in rice and 26.63% in cotton.

While crop losses due to pests have declined from 13.6% after the Green Revolution to 10.8% in the early 21st century, the rise of pesticide-resistant pest species remains a major challenge for the industry.

Regional Insights

Asia Pacific Dominance Driven by Agricultural Dependence

Asia Pacific, valued at USD 16.54 billion in 2020, is expected to maintain its leading position throughout the forecast period. The region’s reliance on agriculture, rapid population growth, and food security concerns are driving demand for crop protection solutions. Conversely, North America and Europe are shifting toward sustainable agricultural practices, emphasizing bio-based and eco-friendly alternatives.

Competitive Landscape

Strategic Partnerships and Acquisitions Fuel Market Expansion

Leading companies are actively pursuing mergers, acquisitions, and collaborations to expand their crop protection portfolios and strengthen market positioning. These initiatives focus on introducing advanced and sustainable pest management solutions.

Key Companies Profiled

• Rotam CropSciences Ltd. (China)
• UPL Ltd. (India)
• ChemChina (China)
• Corteva, Inc. (U.S.)
• Syngenta AG (Switzerland)
• Nufarm (Australia)
• Sumitomo Chemicals (Japan)
• FMC Corporation (U.S.)
• BASF SE (Germany)
• Bayer CropScience (Germany)

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Industry Updates

• May 2020:   FMC Corporation purchased intellectual property rights and technology for Fluindapyr, a novel fungicide, from Isagro S.p.A. for USD 60 million.
• March 2020:   Corteva Agriscience entered a multi-year partnership with AgPlenus to co-develop next-generation herbicides, strengthening its innovation pipeline.

The global   water-soluble fertilizer market   was valued at USD 15.08 billion in 2019 and is projected to expand to USD 36.26 billion by 2032, registering a CAGR of 7.12% over the forecast period. In the U.S., the market is expected to grow considerably, reaching approximately USD 6.49 billion by 2032. This growth is primarily fueled by the rising demand for high-quality crops, which has boosted the use of specialty fertilizers. In 2019, Europe held the largest share of the market, accounting for 35.54%.

The adoption of water-soluble fertilizers (WSFs) as quick solutions for nutrient deficiencies is gaining traction worldwide. Initially, WSFs were predominantly used in developed countries, but with continuous R&D and the involvement of leading fertilizer producers, their presence in developing regions is also expanding.

Market growth is strongly supported by the need for efficient fertilizers that enhance nutrient absorption in crops and deliver nutrients in a controlled way. Increasing reliance on advanced agricultural methods, coupled with rising demand for fruits, vegetables, and other high-value nutrient-rich produce, is expected to positively influence industry revenues.

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Impact of COVID-19 on the WSF Market

The COVID-19 pandemic created widespread disruptions across industries, and agriculture was among the hardest hit. Lockdowns and restrictions disrupted supply chains, forcing many businesses to pause operations. As a result, the water-soluble fertilizer market is expected to see a temporary slowdown in growth rates. In emerging markets, demand for WSFs may remain weak in the near term as farmers reduce spending on premium inputs due to declining demand for high-end crops.

However, the long-term outlook remains positive. The growing need for food security, coupled with increasing consumer preference for healthy and immunity-boosting diets, is expected to drive demand for nutrient-rich produce such as fruits, vegetables, and nuts. This shift will create opportunities for specialty fertilizers in the coming years.

Strategic Collaborations Driving Growth

Partnerships and collaborations among major players have become a significant trend shaping the market. Companies are focusing on expanding their geographic reach and product offerings. For example, in December 2019, Van Iperen strengthened its presence in North America through its U.S. subsidiary. With partnerships such as the one with Milliken, the company continues to expand its portfolio of specialty and water-soluble fertilizers, reinforcing its global and regional footprint.

Regional Insights

The market analysis covers five main regions: North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Among these, Asia Pacific is expected to record the fastest CAGR, supported by challenges such as shrinking arable land and limited water availability. A strong presence of local manufacturers and rising cross-border trade of fertilizers are also contributing to the region’s rapid growth. North America is likely to grow steadily, driven by strong R&D investments from leading companies. Meanwhile, Europe, valued at USD 5.36 billion in 2019, is anticipated to maintain consistent growth in the coming years.

Key Market Players

• SQM (Santiago, Chile)
• Nutrien Ltd. (Saskatoon, Canada)
• ICL (Tel-Aviv, Israel)
• Yara International (Oslo, Norway)
• Haifa Chemicals Limited (Haifa, Israel)
• The Mosaic Company (Florida, United States)
• EuroChem (Zug, Switzerland)
• Coromandel International Limited (Secunderabad, India)
• Qatar Fertilizer Company (Qatar)
• COMPO EXPERT (Munster, Germany)

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Industry Updates

• In January 2020, Gujarat Agro Industries Corporation (GAIC) announced plans to import WSF products from China to Ahmedabad. These products will be sold under the company’s “AGRO” brand, representing its line of next-generation fertilizers.

The global   seaweed extracts market   was valued at USD 1.26 billion in 2024 and is expected to increase from USD 1.41 billion in 2025 to USD 3.44 billion by 2032, registering a CAGR of 13.60% during the forecast period. In 2024, Asia Pacific led the market, holding 77.78% of the total share.

Seaweed extracts are bioactive compounds derived from marine algae, widely utilized across agriculture, food, nutraceuticals, aquaculture, and cosmetics. The growing preference for natural and organic products across industries is a key factor propelling market growth. Their use is expanding particularly in food and beverage production. Leading companies in the market include DuPont, Biolchim SpA, ALGAIA, Groupe Roullier, and Cargill, Incorporated.

The COVID-19 pandemic negatively affected seaweed cultivation, particularly in Asia, the largest producing region. Travel restrictions and labor shortages delayed harvesting, resulting in crop decay and financial losses. Working hours for farmers were also significantly reduced, with small-scale producers facing the greatest economic challenges.

Information Source:  https://www.fortunebusinessinsights.com/seaweed-extracts-market-113361  

Market Trends

Rising Demand for Natural Ingredients in Cosmetics

The global shift toward eco-friendly and sustainable products is accelerating the use of natural biostimulants in agriculture as alternatives to chemical fertilizers. Seaweed extracts are also gaining traction in cosmetics due to their antioxidant, moisturizing, and anti-inflammatory properties. This has led to collaborations between cosmetic brands and seaweed extract producers to develop innovative personal care formulations.

Market Dynamics

The seaweed extracts market is driven by the increasing demand for advanced nutraceuticals, as seaweed has been traditionally consumed in Asian diets and medicines, strengthening its role in functional food and nutraceutical applications. Rising interest among health-conscious consumers is also fueling growth, as seaweed can be cultivated sustainably with relatively low input costs compared to conventional crops, making it an attractive option for healthy and eco-friendly products. However, the market faces restraints due to heavy reliance on Asian countries such as China, Indonesia, and South Korea, which dominate global production and concentrate extract processing in these regions, potentially limiting market diversification.

At the same time, significant opportunities lie in the development of new seaweed-based products, as the growing prevalence of chronic diseases such as diabetes, cancer, and cardiovascular disorders is boosting demand for bioactive compounds like alginate, carrageenan, fucoidan, ulvan, agar, and laminarin, which are increasingly being utilized in pharmaceuticals, functional foods, and other applications.

Segmentation Insights

By source, red seaweed held the largest share due to its extensive use in extract manufacturing, while by form, the powder segment dominated the market for its economic feasibility and ease of use. In terms of application, nutraceuticals led the segment, driven by the rising incorporation of seaweed extracts in functional foods and beverages.

Regional Overview

The market is analyzed across North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific continues to dominate owing to its strong production base and high consumption across industries.

Competitive Landscape

The seaweed extracts market is fragmented, with players emphasizing innovation, technological advancements, and collaborations with end-use industries to enhance ingredient functionality. Partnerships between producers and companies in cosmetics, agriculture, and nutraceuticals are strengthening product development and market presence.

Key Companies Profiled:

• Acadian Seaplants Limited (Canada)
• Annie Chun (U.S.)
• ALGAIA (France)
• Humate International (China)
• Biolchim SpA (Italy)
• Cargill, Incorporated (U.S.)
• Archer Daniels Midland Company (U.S.)
• CEAMSA (Spain)
• CP Kelco ApS (Denmark)
• DuPont (U.S.)

Industry Developments

• April 2025:   Bayer AG launched   AnHai Long , a seaweed-based biostimulant in China, designed to improve soil health, enhance nutrient uptake, and reduce abiotic stress in plants.

Report Coverage

This report provides an in-depth assessment of the seaweed extracts market, including key trends, drivers, restraints, opportunities, regional analysis, and competitive dynamics. It also highlights major industry developments and company strategies shaping the global market.

The global   agritourism market   was valued at USD 69.24 billion in 2019 and is projected to reach USD 197.37 billion by 2032, growing at a CAGR of 8.88% during the forecast period. Europe led the market in 2019, holding 47.07% of the global share.

The rising inclination of farmers toward entrepreneurship is playing a significant role in shaping the agritourism industry. Governments across various countries are actively implementing strategies to generate revenue from agriculture and tourism, accelerating market expansion. Increasing consumer interest in affordable, sustainable, and nature-based travel is also driving demand. Furthermore, initiatives from governments, associations, and private organizations to introduce new agritourism projects and programs are strengthening industry growth prospects.

Information Source:  https://www.fortunebusinessinsights.com/agritourism-market-103297  

Key Questions Addressed in the Report

• What are the major factors driving or limiting market growth?
• What opportunities and challenges exist within the sector?
• Which segment will likely dominate over the forecast period?
• Which region is projected to maintain leadership in the future?
• What strategies are companies adopting to advance agritourism?

Market Drivers and Restraints

Farmer Participation Fuels Industry Growth

Agritourism is increasingly becoming an additional revenue stream for farmers as they transform agricultural land into visitor-friendly destinations. According to the U.S. Census of Agriculture, agritourism revenue nearly tripled between 2002 and 2017, underscoring its importance as farmers look to diversify income amidst fluctuating crop yields.

COVID-19 Impact

The COVID-19 pandemic temporarily disrupted agritourism due to global travel restrictions and lockdowns. However, with tourism recovering steadily, the market is expected to regain growth momentum.

Segment Insights

Direct-Market Agritourism to Expand Rapidly

The direct-market segment held 36.06% of the global share, supported by policies encouraging rural economic growth and sales of local farm products. Tourists are increasingly seeking authentic farm-based experiences, particularly those involving fresh and regional produce. Many farms are diversifying their product offerings, which will continue to support this segment.

Regional Outlook

Europe Maintains Leadership with Innovative Promotion

Europe generated USD 32.59 billion in agritourism revenue in 2019 and is expected to retain its dominance. The region’s success is attributed to the growing appeal of educational and recreational farm experiences, both for domestic and international visitors. Strong government backing, diverse offerings, and creative marketing initiatives are reinforcing Europe’s leading position.

Competitive Landscape

Collaborations and Partnerships Drive Market Expansion

The agritourism sector remains fragmented, consisting of both large and small players. Companies are increasingly forming alliances with local startups to enhance their market presence and strengthen farmers’ earnings.

Key Players in the Market:

• Liberty Hill Farm (USA)
• Harvest Travel International (USA)
• Farm to Farm International (New Zealand)
• STAR Destinations (USA)
• Stita Group (UK)
• Select Holidays (Canada)
• Agritours Canada Inc. (Canada)
• Kisima Safaris (Kenya)
• Field Farm Tours Limited (UK)
• Greenmount Travel (Australia)

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Recent Developments

• 2019:   Field Farm Tours (UK) organized major international events such as the Devon World Conference, IFMA Pre & Post Tours, World Charolais Congress, Red Poll World Conference, and the 4th World Guernsey Conference, expanding its market footprint.
• January 2017:   Stayzilla, an Indian homestay platform, partnered with the Agri Tourism Development Company (ATDC) to promote agritourism homestays, supporting rural tourism initiatives in India.

In 2018, the global   phosphatic fertilizers market   was valued at USD 62.24 billion and is projected to grow to USD 83.28 billion by 2026, reflecting a CAGR of 3.80% over the forecast period. North America was the leading region that year, holding 12.11% of the worldwide market share. By 2032, the U.S. market alone is expected to reach around USD 8.47 billion, driven by the rising need for phosphorus-based nutrients, expanding food production, and the adoption of advanced farming technologies to increase yields.

Phosphorus plays a crucial role in promoting root growth, improving drought resistance, and supporting vital plant processes such as seed and fruit development. To overcome phosphorus-deficient soils, fertilizers like diammonium phosphate (DAP) and monoammonium phosphate (MAP) are widely utilized, both of which contain high ammonia content. The emergence of green ammonia as a sustainable alternative is set to benefit the market. For example, in August 2018, OCP Group announced its investment in green ammonia production to enhance sustainable fertilizer practices. As a major global exporter of phosphate fertilizers, OCP relies heavily on ammonia for DAP and MAP production and is focusing on eco-friendly sourcing methods.

Information Source:   https://www.fortunebusinessinsights.com/phosphatic-fertilizers-market-102583  

Key Market Drivers

The market outlook remains promising due to increasing demand for sustainable fertilizers, growing agricultural economies, and continuous product innovation. Eco-friendly solutions such as slow-release and bio-based fertilizers are reducing environmental impact while improving nutrient absorption. Moreover, agricultural investments in Asia-Pacific and Latin America, particularly in high-value crops, are boosting fertilizer adoption. Cutting-edge technologies, including nano-fertilizers and controlled-release formulations, are further enhancing nutrient efficiency and environmental safety, fueling overall market growth.

Innovation as a Growth Catalyst

Technological progress continues to shape industry growth. For instance, in September 2016, ICL introduced its "E-Max Release Technology," a controlled-release system for delivering nutrients such as phosphate and nitrogen. Such advancements are strengthening market positions and contributing to the industry’s expansion.

Market Challenges

Despite favorable prospects, the industry faces key challenges. Rising raw material costs, especially for phosphate rock, remain a major concern, with extraction becoming increasingly expensive in countries like Morocco, China, and the U.S. Environmental issues, including fertilizer overuse leading to runoff and water pollution, have resulted in stricter regulations, particularly in Europe. Additionally, supply chain disruptions, price fluctuations, and regulatory pressures pose risks that could affect market stability and buyer confidence.

Regional Outlook: North America Dominates, Asia-Pacific Rising

The market is segmented across North America, Asia-Pacific, Latin America, and the Middle East & Africa. North America continues to play a major role due to extensive farming operations, generating USD 7.54 billion in 2018 and maintaining steady growth. In contrast, Asia-Pacific is expected to experience faster expansion, supported by large-scale agriculture and rapid adoption of modern farming techniques.

Key Players in the Market

Prominent companies operating in the phosphatic fertilizers sector include:

• Yara International ASA
• Israel Chemical Ltd.
• The Mosaic Company
• CF Industries Holdings, Inc.
• Coromandel International Limited
• The OCP Group
• PhosAgro PJSC
• Sociedad Química y Minera de Chile S.A.
• Nutrien Ltd.
• Koch Industries, Inc.

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Recent Developments

• February 2019:   ICL introduced two new phosphatic fertilizers—Renovator and Turf Starter—utilizing Pearl Technology to enhance nutrient delivery and effectiveness.

The global   human milk oligosaccharides (HMO)   market was valued at USD 248.81 million in 2024 and is forecasted to grow from USD 275.34 million in 2025 to USD 879.86 million by 2032, advancing at a CAGR of 18.05% during the projection period. In 2024, North America accounted for 44.84% of the market share, leading the global landscape.

Human milk oligosaccharides (HMOs) are naturally occurring bioactive carbohydrates found in mammalian breast milk, particularly in humans, and play a vital role in infant health and development. They support immunity, encourage the growth of beneficial gut microbiota, and defend against harmful pathogens. Due to these benefits, major infant nutrition manufacturers such as Abbott Nutrition and Nestlé S.A. incorporate HMOs into their formulations, contributing to strong market expansion worldwide.

Information Source:   https://www.fortunebusinessinsights.com/human-milk-oligosaccharides-market-103822  

Segmentation Analysis

The HMO market is segmented by type into 2’FL, 3’FL, 3’SL, 6’SL, and LNT. Among these, 2’FL accounted for the largest share in 2024, owing to its extensive use in infant formula and dietary supplements, backed by well-established clinical benefits. Other HMOs such as 3’FL, 3’SL, and 6’SL are less explored but are steadily gaining attention through ongoing scientific research, which is expected to drive their adoption in the coming years. By structure, the market is divided into Neutral Fucosylated HMOs, Neutral HMOs, and Sialylated HMOs, with Neutral Fucosylated HMOs leading the segment due to their abundance in human milk and diverse functional properties.

In terms of application, HMOs are used in infant nutrition, functional foods and beverages, dietary supplements, and pharmaceuticals. The infant nutrition segment dominates the market, as HMOs are increasingly incorporated into baby formula to replicate the health benefits of natural breastfeeding, making it the largest contributor to market growth.

Market Trends

Advancements in Technology and Alternative Sources

Ongoing innovation in manufacturing technologies and research into alternative sources are driving efficiency, enabling scalable production, and expanding application opportunities for HMOs beyond infant nutrition.

Regional Outlook

In 2024, North America led the market with a valuation of USD 116.57 million, driven by strong demand for advanced infant nutrition and the presence of leading industry players. Europe’s growth is influenced by stringent regulatory frameworks, where HMOs are classified as novel foods to ensure high safety and quality standards. Meanwhile, Asia Pacific is projected to experience the fastest growth, supported by rising awareness, increasing disposable incomes, and greater investments in infant and functional nutrition solutions.

Report Coverage

This report provides an in-depth assessment of the human milk oligosaccharides market, highlighting key growth drivers, restraints, emerging opportunities, company profiles, application insights, and recent industry advancements. It also includes data-backed statistics and examines evolving market dynamics across major regions.

Key Market Players

• Koninklijke DSM N.V. (Netherlands)
• BASF SE (Germany)
• Chr. Hansen A/S (Denmark)
• International Flavors & Fragrances Inc. (U.S.)
• KYOWA HAKKO BIO CO., LTD. (Japan)
• Dextra Laboratories (U.K.)
• Inboise N.V. (U.S.)
• ELICITYL S.A (France)
• Abbott Laboratories (U.S.)
• FrieslandCampina (Netherlands)

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Industry Developments

• November 2023   –   Nestlé   launched a new infant formula line fortified with HMOs under its “Wyeth Illume” brand in China, marking a strategic move to capture growing demand for advanced infant nutrition products in the Asia Pacific region.