Dublin, Sept. 25, 2023 (GLOBE NEWSWIRE) -- The "Lactation Support Supplements Market Size, Share & Trends Analysis Report 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The report provides a comprehensive overview of the global lactation support supplements market, covering various factors contributing to its growth. The global market is expected to reach USD 0.95 billion by 2030, with a CAGR of 6.6% from 2023 to 2030.
Growth Factors:
- Increasing infant mortality rates due to undernutrition from insufficient breastfeeding.
- Growth in self-reported milk insufficiency leading to an increased adoption of lactation supplements.
- The COVID-19 pandemic initially impacted growth negatively due to mental and physical challenges, disrupted supply chains, and decreased breastfeeding rates.
Market Segmentation:
- By Ingredient: Fenugreek is the dominant ingredient, followed by others like shatavari, moringa, and more.
- By Formulation: Capsules/tablets dominated the market in 2022 due to their ease of administration.
- By Sales Channel: Online sales channels held the most significant market share in 2022.
- By Region: Asia Pacific had the largest revenue share in 2022, thanks to the traditional use of these ingredients in the region.
Industry Dynamics:
- Drivers:
- Increased birth rate in Low- and Middle-income countries.
- Prevalence of pregnancy issues like insufficient milk supply.
- Proliferation of e-commerce channels.
- Restraints:
- Lack of awareness in low-middle-income countries.
- Availability and preference for milk substitutes.
Competitive Landscape:
- Companies in this sector are launching innovative products to gain a competitive edge.
- The market sees moderate fragmentation with major players adopting various marketing strategies.
Key Companies Profiled:
- Pink Stork
- New Chapter
- Mama's Select
- ACTIF USA
- Anya
- Mommy's Bliss Inc.
- Nestle
- Motherlove Herbal Company
- Mommy Knows Best
- Rumina Naturals
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 140 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $569.8 Million |
| Forecasted Market Value (USD) by 2030 | $949.7 Million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/i4cboa
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