Published Date: 26-May-2023
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According to a new report, published by KBV research, The Global Lactation Support Supplements Market size is expected to reach $930.9 Million by 2029, rising at a market growth of 6.9% CAGR during the forecast period.
The Fenugreek segment acquired maximum revenue share in the Global Lactation Support Supplements Market by Ingredient Type in 2022 thereby, achieving a market value of $268.7 million by 2029. This is due to the popularity of fenugreek, its numerous benefits and minimal side effects, and the widespread availability of products containing fenugreek as an ingredient. Fenugreek seeds have a long-standing tradition of being used as a condiment in various regions. Additionally, they have properties that can enhance milk supply in lactating women.
The Liquid segment is showcasing a CAGR of 7.8% during (2023 - 2029). The growth is attributed due to the increase in liquid formulations and flavored products, which has led to improved options for masking the taste and smell of ingredients. Also, the products are designed for easy administration and contain high concentrations of active ingredients that effectively boost milk supply in lactating women. Hence, the increased liquid formulations and flavored products combined with other factors are expected to boost the segment's expansion.
The Direct Sales Channel segment acquired maximum revenue share in the Global Lactation Support Supplements Market by Sales Channel in 2022 thereby, achieving a market value of $336.1 million by 2029. This is because direct sales have been on the rise due to customers' increased preference for purchasing products through this channel. This sales channel provides products that are designed for medicinal use and contain herbal ingredients. Also, they adhere to all necessary regulations and standards which is anticipated to propel the expansion of the segment.
The Asia Pacific market dominated the Global Lactation Support Supplements Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $357.7 million by 2029. The Europe market is exhibiting a CAGR of 6.4% during (2023 - 2029). Additionally, The North America market would showcase a CAGR of 6.2% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/lactation-support-supplements-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nestle S.A, New Chapter, Inc. (Procter & Gamble Inc.), Pink Stork, Mama's Select, ACTIF USA, Anya Labs, Inc., Mother Love Herbal Company, Mommy Knows Best, Rumina Naturals, Inc., and Mommy's Bliss, Inc.
By Ingredient Type
By Sales Channel
Unique Offerings from KBV Research
North America Lactation Support Supplements Market size & Opportunities 2023-2029
Europe Lactation Support Supplements Market & Growth Forecast 2023-2029
Asia Pacific Lactation Support Supplements Market Share & Industry Outlook to 2029
LAMEA Lactation Support Supplements Market Growth, Trends & Forecasts 2023-2029