Asia Pacific Human Milk Fortifier Market Forecast to 2030

Asia Pacific Human Milk Fortifier Market Forecast to 2030 – Regional Analysis – by Form (Powder and Liquid) and Distribution Channel (Online and Offline)

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The Asia Pacific human milk fortifier market is expected to grow from US$ 79.53 million in 2023 to US$ 159.05 million by 2030; it is estimated to grow at a CAGR of 10.4% from 2023 to 2030.

Rising Awareness in Developing Countries fueling the Asia Pacific Human Milk Fortifier Market

In recent years, infant nutrition has been one of the most lucrative markets in Asia Pacific. Rise in population, steady economic development, and increase in per capita income are among the major factors driving the market. People in countries such as China, India, and South Korea are highly concerned about their children’s health and well-being and are widely adopting human milk fortifiers to support their growth and development. 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. For instance, in July 2021, NeoLacta Lifesciences announced the development of a 100% human milk fortifier in India as per the guidelines of the World Health Organization (WHO). The product aims to improve the quality of nutritional care for newborns.

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.

Asia Pacific Human Milk Fortifier Market Overview

Increased awareness among parents and healthcare professionals about the nutritional benefits of human milk fortifiers is driving the demand for this product. Also, advances in neonatal care have improved the survival rates of premature infants, leading to a higher demand for human milk fortifiers. These fortifiers provide essential nutrients and promote better health outcomes for preterm babies. As disposable income levels rise in Asia Pacific, more parents can afford premium healthcare products, including human milk fortifiers. This has contributed to the market growth, as parents are willing to invest in products that can improve their child’s health and well-being. Moreover, the expansion of healthcare infrastructure, including neonatal intensive care units (NICUs), across Asia Pacific has created a favorable environment for the human milk fortifier market growth. Hospitals and healthcare facilities are better equipped to provide specialized care for premature infants, contributing to the increased demand for human milk fortifiers.

Asia Pacific Human Milk Fortifier Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Human Milk Fortifier Market Segmentation

The Asia Pacific human milk fortifier market is segmented based on form, distribution channel, and country. Based on form, the Asia Pacific 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 Asia Pacific human milk fortifier market is bifurcated into online and offline. The offline segment held a larger market share in 2023.

Based on country, the Asia Pacific human milk fortifier market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific human milk fortifier market in 2023.

Abbott Laboratories, NeoLacta Lifesciences Pvt Ltd, Nestle SA, Prolacta Bioscience Inc, Lead Care International Ltd, Raptakos, Brett & Co Ltd, Danone SA, and Reckitt Benckiser Group Plc are some of the leading companies operating in the Asia Pacific human milk fortifier market.

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At 10.4% CAGR, the Asia Pacific Human Milk Fortifier Market is Speculated to be worth US$ 159.05 Million by 2030, saysthe research team

According tothe research team’ research, the Asia Pacific human milk fortifier market is expected to grow from US$ 79.53 million in 2023 to US$ 159.05 million by 2030, registering a CAGR of 10.4% from 2023 to 2030. Increase in number of preterm births and strategic initiatives by key market players are the critical factors attributed to the Asia Pacific human milk fortifier market expansion.

Human milk fortifier manufacturers across the region invest significantly in strategic developments such as product launches, mergers and acquisitions, and business expansion to attract consumers and enhance their market position. For instance, in January 2022, Prolacta Bioscience introduced human milk fortifiers in Japan. The launch was aimed to enter the untapped market in the country and help improve newborn’s health. In November 2020, Lifeblood Milk and the South Australian Health and Medical Research Institute (SAHMRI) entered into collaboration with CSIRO, Australia’s national science agency. The partnership was aimed at developing human milk fortifiers to improve nutrition and overall growth in preterm babies. Key players in the human milk fortifier market are adopting e-commerce platforms to meet the growing demand for nutritional supplements for newborn babies. For instance, in September 2021, Neolacta Lifesciences Pvt. Ltd launched its products, including human milk fortifiers, on e-commerce platforms to ensure easy availability of its products, such as Neolacta Human Breast Milk and Neolacta MMF (Mother’s Milk Fortifier), to parents. Thus, strategic initiatives by key market players are driving the Asia Pacific human milk fortifier market. This is expected to drive the Asia Pacific human milk fortifier market during the forecast period.

On the contrary, lack of awareness among parents and caregivers hurdles the growth of Asia Pacific human milk fortifier market.

Based on form, the Asia Pacific human milk fortifier market is bifurcated into powder and liquid. The powder segment held 68.7% market share in 2023, amassing US$ 54.61 million. It is projected to garner US$ 113.31 million by 2030 to expand at 11.0% CAGR during 2023–2030.

Based on distribution channel, the Asia Pacific human milk fortifier market is bifurcated into online and offline. The offline segment held 80.6% market share in 2023, amassing US$ 64.10 million. It is projected to garner US$ 127.00 million by 2030 to expand at 10.3% CAGR during 2023–2030.

Based on country, the Asia Pacific human milk fortifier market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 39.6% share of Asia Pacific human milk fortifier market in 2023. It was assessed at US$ 31.53 million in 2023 and is likely to hit US$ 60.92 million by 2030, exhibiting a CAGR of 9.9% during 2023–2030.

Key players operating in the Asia Pacific human milk fortifier market are Abbott Laboratories, NeoLacta Lifesciences Pvt Ltd, Nestle SA, Prolacta Bioscience Inc, Lead Care International Ltd, Raptakos, Brett & Co Ltd, Danone SA, and Reckitt Benckiser Group Plc, among others.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 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. Asia Pacific 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. Asia Pacific 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 Lack of Awareness among Parents and Caregivers
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 – Asia Pacific Market Analysis
6.1 Asia Pacific Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific 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. Asia Pacific 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. Asia Pacific Human Milk Fortifier Market – by Country Analysis
9.1 Asia Pacific: Human Milk Fortifier Market
9.1.1 Asia Pacific: Human Milk Fortifier Market, by Key Country
9.1.1.1 Australia: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 Australia: Human Milk Fortifier Market, by Form
9.1.1.1.2 Australia: Human Milk Fortifier Market, by Distribution Channel
9.1.1.2 China: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 China: Human Milk Fortifier Market, by Form
9.1.1.2.2 China: Human Milk Fortifier Market, by Distribution Channel
9.1.1.3 India: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 India: Human Milk Fortifier Market, by Form
9.1.1.3.2 India: Human Milk Fortifier Market, by Distribution Channel
9.1.1.4 Japan: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Japan: Human Milk Fortifier Market, by Form
9.1.1.4.2 Japan: Human Milk Fortifier Market, by Distribution Channel
9.1.1.5 South Korea: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 South Korea: Human Milk Fortifier Market, by Form
9.1.1.5.2 South Korea: Human Milk Fortifier Market, by Distribution Channel
9.1.1.6 Rest of Asia Pacific: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Human Milk Fortifier Market, by Form
9.1.1.6.2 Rest of Asia Pacific: Human Milk Fortifier Market, by Distribution Channel
10. Company Profiles
10.1 Abbott Laboratories
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 NeoLacta Lifesciences Pvt Ltd
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Nestle SA
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Prolacta Bioscience Inc
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Lead Care International Ltd
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Raptakos, Brett & Co Ltd
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Danone SA
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Reckitt Benckiser Group Plc
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
11. Appendix
11.1 About
11.2 Word Index

LIST OF TABLES

Table 1. Asia Pacific Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
Table 2. Australia Human Milk Fortifier Market, by Form– Revenue and Forecast to 2030 (US$ Million)
Table 3. Australia Human Milk Fortifier Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 4. China Human Milk Fortifier Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 5. China Human Milk Fortifier Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 6. India Human Milk Fortifier Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 7. India Human Milk Fortifier Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 8. Japan Human Milk Fortifier Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 9. Japan Human Milk Fortifier Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 10. South Korea Human Milk Fortifier Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 11. South Korea Human Milk Fortifier Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 12. Rest of Asia Pacific Human Milk Fortifier Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of Asia Pacific Human Milk Fortifier Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. Asia Pacific Human Milk Fortifier Market Segmentation
Figure 2. Asia Pacific Human Milk Fortifier Market Segmentation – By Country
Figure 3. Asia Pacific Human Milk Fortifier Market Overview
Figure 4. Powder Segment Held the Largest Market Share in 2022
Figure 5. China Held the Largest Market Share in 2022
Figure 6. Asia Pacific Porter’s Five Forces Analysis
Figure 7. Asia Pacific Expert Opinion
Figure 8. Asia Pacific Human Milk Fortifier Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific: Human Milk Fortifier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Asia Pacific Human Milk Fortifier Market Revenue Share, By Form (2022 and 2030)
Figure 11. Powder: Asia Pacific Human Milk Fortifier Market – Revenue and Forecast To 2030 (US$ Million)
Figure 12. Liquid: Asia Pacific Human Milk Fortifier Market – Revenue and Forecast To 2030 (US$ Million)
Figure 13. Asia Pacific Human Milk Fortifier Market Revenue Share, By Distribution Channel (2022 and 2030)
Figure 14. Online: Asia Pacific Human Milk Fortifier Market – Revenue and Forecast To 2030 (US$ Million)
Figure 15. Offline: Asia Pacific Human Milk Fortifier Market – Revenue and Forecast To 2030 (US$ Million)
Figure 16. Asia Pacific: Human Milk Fortifier Market, by Key Country – Revenue (2022) (US$ Million)
Figure 17. Asia Pacific: Human Milk Fortifier Market Revenue Share, by Key Country (2022 and 2030)
Figure 18. Australia: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
Figure 19. China: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
Figure 20. India: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
Figure 21. Japan: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
Figure 22. South Korea: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
Figure 23. Rest of Asia Pacific: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)

The List of Companies – Asia Pacific Human Milk Fortifier Market

– Abbott Laboratories
– Nestle SA
– Prolacta Bioscience Inc
– Raptakos, Brett & Co Ltd
– Danone SA
– Neolac Inc
– Reckitt Benckiser Group Plc
– NeoLacta Lifesciences Pvt Ltd

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