The global baby bottle market size is expected to reach USD
3.6 billion by 2025, according to a new report by Grand View Research, Inc.,
progressing at a CAGR of 4.7% over the forecast period. Hectic working hours
and increasing number of working women are the key reasons behind the growth of
the market. Furthermore, decrease in the infant mortality rate is a significant
aspect driving the market. The World Health Organisation (WHO) suggests that
breastfeeding is the only method to provide nutrition to the baby. However, due
to reasons like lack of time for working women compel the manufacturers to produce
nutritional content milk formula that can be used as a substitute for
breastfeeding.
Demand for baby bottles is maximum in
countries such as U.S., Germany, China, and Japan, wherein the markets are
profitable. Demand for the product is high in the countries of Asia Pacific
including China, Indonesia, Hong Kong, and Vietnam. These countries are
expected to be the major contributors to the growth of the industry.
Plastic baby bottles are the largest product
segment in the market and anticipated to expand at a CAGR of 5.6% from 2019 to
2025. Plastic bottles are the most preferred products among all as they are
lightweight, easy to use, and possess high strength, which make them convenient
to carry during traveling.
The offline segment dominated the market in
2018, accounting for 83.3% share in the global market. Baby feeding products
are sold through various channels including supermarket and hypermarket, retail
store, and pharmacy store in countires such as India, China, and U.S. The
online segment is the fastest growing distribution channel as many
manufacturers, especially from China, are selling their products through online
channel. Fuethermore, many regional and domestic players have their own portals
for selling these products through online channel.
Asia Pacific is expected to be the fastest
growing regional market throughout the forecast period. China accounted for the
largest share of 30.3% of the overall revenue in 2018. Awareness of infant
nutrition and health and increasing population of working women are the major
factors responsible for the growth of the market in China. Some of the key
players in the market are Mayborn Group Limited, BABISIL, Pigeon, Handi-Craft
Company, and Munchkin.
For full research
report on Baby Bottle Market visit here: https://www.grandviewresearch.com/industry-analysis/baby-bottle-market
Baby Bottle
Market Report Highlights
- Based on product, the plastic segment is
anticipated to expand at a CAGR of 5.8% over the forecast period. Stainless steel was valued at USD 0.6 billion in
2018 and is projected to witness substantial growth in the next few years
- Asia Pacific dominated the global market
in 2018 and constituted 32.4% share of the overall revenue. This trend is
projected to resume over the next few years due to increasing number of
working women
- The industry is highly competitive due to
presence of the key players including Mayborn Group Limited, BABISIL,
Pigeon, Handi-Craft Company, and Munchkin
- Various manufacturers are concentrating on new
product launches, capacity expansion, and technological innovation to
estimate existing and future demand patterns from upcoming product
segments.
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Baby Bottle
Market Segmentation
Grand
View Research has segmented the global baby bottle market on the basis of
product, distribution channel, and region:
Baby Bottle
Product Outlook (Revenue, USD Million, 2015 - 2025)
- Plastic
- Stainless Steel
- Others
Baby Bottle
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Offline
- Online
Baby Bottle
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- India
- China
- Central and South
America
- Brazil
- Middle East and
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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