North America Human Milk Fortifier Market Forecast to 2030

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

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Description

The North America human milk fortifier market is expected to grow from US$ 93.20 million in 2023 to US$ 179.99 million by 2030; it is estimated to grow at a CAGR of 9.9% from 2023 to 2030.

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.

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At 9.9% CAGR, the North America Human Milk Fortifier Market is Speculated to be worth US$ 179.99 Million by 2030, saysthe research team

According tothe research team’ research, the North America human milk fortifier market is expected to grow from US$ 93.20 million in 2023 to US$ 179.99 million by 2030, registering a CAGR of 9.9% from 2023 to 2030. Increase in number of preterm births is a critical factor attributed to the North America human milk fortifier market expansion.

In recent years, the number of preterm births has increased owing to changing lifestyles, and chronic diseases such as diabetes and high blood pressure. According to the Centers for Disease Control and Prevention (CDC), in 2021, preterm birth affected ~1 of every ten infants born in the US. The preterm birth rate in the US rose from 10.1% in 2020 to 10.5% in 2021. The World Health Organization (WHO) estimated that ~13.4 million babies were born in 2020. The preterm birth complication is the leading cause of death among children under five years of age, responsible for ~900,000 deaths in 2019. Preterm babies may have breathing problems, feeding difficulties, development delays, cerebral palsy, and vision and hearing problems. The increasing number of preterm births has surged the demand for human milk fortifiers for the proper growth and development of infants. Many preterm infants need extra nutrients added to their mother’s milk. They often need extra protein, calcium, phosphorous, and even salt to build strong bones and healthy organs. Human milk fortifiers help provide these extra nutrients to infants. In human milk fortifiers, additional nutrients are added to the milk before it is fed to the babies. Thus, a surge in the number of preterm births is bolstering the North America human milk fortifier market growth. This is expected to drive the North America human milk fortifier market during the forecast period.

On the contrary, stringent government policies hurdles the growth of North America human milk fortifier market.

Based on form, the North America human milk fortifier market is bifurcated into powder and liquid. The powder segment held 56.5% market share in 2023, amassing US$ 52.64 million. It is projected to garner US$ 103.45 million by 2030 to expand at 10.1% CAGR during 2023–2030.

Based on distribution channel, the North America human milk fortifier market is bifurcated into online and offline. The offline segment held 68.7% market share in 2023, amassing US$ 64.04 million. It is projected to garner US$ 122.58 million by 2030 to expand at 9.7% CAGR during 2023–2030.

Based on country, the North America human milk fortifier market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 85.8% share of North America human milk fortifier market in 2023. It was assessed at US$ 79.96 million in 2023 and is likely to hit US$ 155.52 million by 2030, exhibiting a CAGR of 10.0% during 2023–2030.

Key players operating in the North America human milk fortifier market are Abbott Laboratories, Nestle SA, Prolacta Bioscience Inc, Raptakos, Brett & Co Ltd, Danone SA, Neolac Inc, 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. North America 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. North America Human Milk Fortifier Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Number of Preterm Births
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 – North America Market Analysis
6.1 North America Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
7. North America 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. North America 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. North America Human Milk Fortifier Market – by Country Analysis
9.1 North America: Human Milk Fortifier Market
9.1.1 North America: Human Milk Fortifier Market, by Key Country
9.1.1.1 US: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 US: Human Milk Fortifier Market, by Form
9.1.1.1.2 US: Human Milk Fortifier Market, by Distribution Channel
9.1.1.2 Canada: Human Milk Fortifier Market–Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Canada: Human Milk Fortifier Market, by Form
9.1.1.2.2 Canada: Human Milk Fortifier Market, by Distribution Channel
9.1.1.3 Mexico: Human Milk Fortifier Market–Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Mexico: Human Milk Fortifier Market, by Form
9.1.1.3.2 Mexico: 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 Nestle SA
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 Prolacta Bioscience Inc
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 Raptakos, Brett & Co Ltd
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 Danone SA
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 Neolac Inc
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 Reckitt Benckiser Group Plc
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
11. Appendix
11.1 About
11.2 Word Index

LIST OF TABLES

Table 1. North America Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
Table 2. US Human Milk Fortifier Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 3. US Human Milk Fortifier Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 4. Canada: Human Milk Fortifier Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 5. Canada Human Milk Fortifier Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 6. Mexico Human Milk Fortifier Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 7. Mexico Human Milk Fortifier Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 8. List of Abbreviation

LIST OF FIGURES

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

The List of Companies – North America Human Milk Fortifier Market

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

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