Global lacto-n-neotetraose Market Overview
Lacto-n-neotetraose is a human milk oligosaccharides (HMO), and it is widely known for its ability to survive the acidic environment of the stomach. Lacto-n-neotetraose act as probiotics, which fortify lower gut colonization by many bifidobacteria species, which is essential for healthy gut function. Lacto-n-neotetraose can be obtained from human breast milk, which is available in limited form due to medical and human limitation. But lacto-n-neotetraose’s demand in beverages (sport, isotonic and energy drink) and dairy products (imitation milks, non-dairy yogurt) is rising. Followed by increasing use of lacto-n-neotetraose in milk products (buttermilk, flavored milk, milk-based meal replacement drinks, unflavored pasteurized and sterilized milk), and processed fruits and fruit juices (Fruit Juices and Nectars) is also boosting the market substantially. Lacto-n-neotetraose produced by microbial fermentation or synthesized oligosaccharides are chemically identical to human milk oligosaccharides and can fulfill this demand. For every end use, the maximum use level is fixed by providing a similar level of lacto-n-neotetraose, which occurs in human breast milk. Considering the current demand of lacto-n-neotetraose in various industry, its market is likely to prosper in the future.
Global lacto-n-neotetraose market is likely to register average higher-digit CAGR over forecast period
The global market of lacto-n-neotetraose is likely to increase in the upcoming forecast period because of its major use in food and beverages and food supplements. According to Fact.MR, its market is likely to grow at an average higher-digit CAGR (compound annual growth rate) in the forecast period considering its global demand. North America dominated the global market for lacto-n-neotetraose in 2018 followed by APEJ. Latin America and Europe region are expected to witness a sizable rise in the overall sales of lacto-n-neotetraose. Countries, including China and Japan, are expected to witness a significant market share of lacto-n-neotetraose as manufacturing companies and research facilities for lacto-n-neotetraose are increasing in these countries.
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Increasing demand for lacto-n-neotetraose among various industries
The primary driver of lacto-n-neotetraose market is infant formula or baby formula, which is used as an alternative for breast milk. Food and beverages are also a key driver of lacto-n-neotetraose market followed by food supplements. Lacto-n-neotetraose is also used in dairy products for various applications. However, there are rules and regulations for using lacto-n-neotetraose across multiple food applications. It is a known fact that for a newborn baby breast milk is essential but research about lacto-n-neotetraose safety for new born babies is ongoing. Lacto-n-neotetraose market will increase to a new level if a problem like this is resolved by researchers and manufacturers. Furthermore, in order to match the composition of human breast milk exactly with lacto-n-neotetraose, R&D is required.
Global lacto-n-neotetraose market segmentation
The lacto-n-neotetraose market can be segmented into end use, extraction method, function and packaging type. By end users, the global lacto-n-neotetraose market can be categorized into food & beverages, nutraceuticals, infant formulas, pharmaceuticals and others. The global lacto-n-neotetraose market can be segmented in a different extraction methods, such as human colostrum and microbial fermentation and synthesized oligosaccharides. On the basis of function, the lacto-n-neotetraose market can be segmented into prebiotic, decoy carbohydrate and immunomodulation. The global lacto-n-neotetraose market can be segmented on the basis of geographical region, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa (MEA) and Emerging Countries.
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Global lacto-n-neotetraose key market players
The global market for lacto-n-neotetraose comprises several developers, who are primarily converging on developing advance version on lactitol mainly for dairy, beverages and supplement products. Some key market participants for manufacturing lacto-n-neotetraose includes Elicityl S.A., Glycom A/S, Glycosyn LLC, Inbiose NV, Jennewein Biotechnologie GmbH, Medolac Laboratories, ZuChem Inc., Dextra Laboratories, ChemStrong Scientific Co.,Ltd, J & K Scientific Ltd., Lynnchem Biological Technology Co., Ltd., Beijing Minruida Technology Co., Ltd., Riedel-de Haen AG, Carbosynth Limited, Boc Sciences, Shanghai jinjinle Industry Co., Ltd, Shanghai QIFA Reagent Co.,Ltd, Glentham Life Sciences, Biosynth AG, and other prominent players.
The research report presents a comprehensive assessment of the lacto-n-neotetraose market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for lacto-n-neotetraose. The research report provides analysis and information according to lacto-n-neotetraose market segmented into end use, extraction method, function, and packaging type.
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