Baby Bottles Industry Growth Assessment, Future Trends, and Business Opportunities
Global baby
bottles market is anticipated to witness an exponential
growth in the forecast period. A bottle designed with a nipple for drinking
purpose is known as “Baby Bottle”. It is commonly used to feed extracted breast
milk, infant formula or pediatric electrolyte solution. There is a variety of
baby bottles available in the market. The factors that propel the growth of the
baby bottles market include growing population, growing demand, increasing
number of working women, and technical innovation.
In addition, another factors that fuel the
market growth include increase in manufacturing and marketing of formula milk
and rising demand from emerging countries. On the other hand, there are factors
that may hamper the growth of the market including risks associated with use of
BPA in baby bottles and growing consciousness about the benefits of breast
milk.
The market is anticipated to expand at a
significant CAGR in the upcoming period as the scope, product types, and its
applications are increasing across the globe. Rising demand from emerging
countries has emerged as a new trend in the market. On the other hand, one
challenge that is likely to affect the market is increasing consciousness about
the benefits of breast milk.
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Baby bottles market could be explored
by product size, application, distribution channel, and geography. Market by
product size comprise under 3-ounce, 3-6-ounce, 6-9-ounce and 9-12+ ounce. The
“6-9 oz” segment led the market in 2017 and will continue to lead in the
forecast period. The key factors attributed to the growth of market include
increasing demand, and growing awareness among people.
The key applications that could be
explored in the market include 0-6 month’s babies, 6-18 months babies, and
others. The market could be explored based on distribution channel as
drugstores and pharmacies, hypermarkets, supermarkets, and convenience stores,
specialty stores, and online stores.
Asia-Pacific accounted for the major
share of the baby bottles industry in 2017 and will continue to lead in the
forecast period. The factors that could be attributed to the growth include
high fertility rate, ever-increasing population, affordable, easy availability
and introduction of several varieties of baby bottles by manufacturers.
Some of the key players that fuel the
growth of the baby bottles market comprise Handicraft, Mayborn Group, Philips,
Munchkin, and Pigeon Corporation, BABISIL, MAM, Zhejiang Rikang Baby Products,
Comotomo, PLAYTEX, Lansinoh Momma, Summer Infant, Medela, Nip, Nuby, Richell,
Bouche Baby, LOVI, Evenflo, Chicco, NUK, and others. The leading companies are
taking up partnerships, mergers and acquisitions, and joint ventures in order
to boost the inorganic growth of the industry.
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