Rising Awareness in Developing Countries fueling the North America Human Milk Fortifier Market
Rise in population, steady economic development, and increase in per capita income are among the major factors driving the market. The concept of human milk fortifiers is new to many people in emerging economies, and the increasing awareness among people is expected to create lucrative opportunities for the market growth. The human milk fortifier market is gaining significant traction owing to increasing awareness regarding the benefits of human milk fortifiers, such as promoting growth and bone development. Health associations in the developing countries are taking initiatives to boost overall growth and improve nutrition in preterm babies.Thus, the rising awareness about human milk fortifiers in developing countries is expected to provide lucrative growth opportunities for the market during the forecast period.
North America Human Milk Fortifier Market Overview
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 the product awareness is increasing, more healthcare facilities and parents are opting for human milk fortifiers which is driving the market.North America Human Milk Fortifier Market Revenue and Forecast to 2030 (US$ Million)
North America Human Milk Fortifier Market Segmentation
The North America human milk fortifier market is segmented based on form, distribution channel, and country. Based on form, the North America human milk fortifier market is bifurcated into powder and liquid. The powder segment held a larger market share in 2023.Based on distribution channel, the North America human milk fortifier market is bifurcated into online and offline. The offline segment held a larger market share in 2023.
Based on country, the North America human milk fortifier market is segmented into the US, Canada, and Mexico. The US dominated the North America human milk fortifier market in 2023.
Abbott Laboratories, Nestle SA, Prolacta Bioscience Inc, Raptakos, Brett & Co Ltd, Danone SA, Neolac Inc, and Reckitt Benckiser Group Plc are some of the leading companies operating in the North America human milk fortifier market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America human milk fortifier market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America human milk fortifier market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America human milk fortifier market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
Companies Mentioned
- Abbott Laboratories
- Nestle SA
- Prolacta Bioscience Inc
- Raptakos, Brett & Co Ltd
- Danone SA
- Neolac Inc
- Reckitt Benckiser Group Plc
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 85 |
Published | November 2023 |
Forecast Period | 2023 - 2030 |
Estimated Market Value in 2023 | 93.2 Million |
Forecasted Market Value by 2030 | 179.99 Million |
Compound Annual Growth Rate | 9.9% |
Regions Covered | North America |
No. of Companies Mentioned | 7 |