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Pharmacy benefit management market
FEEDING BOTTLE MARKET REPORT OVERVIEW
The global feeding bottle market is expected to grow from USD 2101.6 million in 2021 to touch USD 3404 million by 2031, at a Compound annual growth rate (CAGR) of 4.9% from 2021-2031. In the market study, our analysts have considered market players such as Pigeon, Avent, NUK, Playtex, Dr. Brown's, Nuby, Gerber, Evenflo, Born Free, Lansinoh, Nip, Bobo, Ivory, MAM, Rhshine Babycare, Lovi, US Baby, Rikang, Goodbaby, Medela, Babisil, Tommee Tippee, Piyo Piyo, and Amama are the top companies operating in the market.
The global COVID-19 pandemic has been unprecedented and staggering, with feeding bottle experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
Feeding bottles are bottles made for kids. It is mainly used to feed infants and young children when the mother doesn’t breastfeed. These bottles are made of plastic and glass materials. These are also known as baby bottles and nursing bottles. These are widely used for feeding milk, water, or other infant formula supplements to toddlers or infants. Rising numbers of working mothers and their busy work schedules are forecasted to aid growth in the global market. Rising awareness of various baby care products available in the feeding bottle market is also increasing the adoption of the product.
Both stainless steel and plastic are used to make baby bottles. Hard plastic, which is transparent, light, and resistant to rupture, is the most often used material kind. The use of glass bottles is advised since they are safer, simpler to clean, and less expected to retain directions residues. There are other bottles with a glass interior and a plastic exterior. Additionally, silicone rubber or stainless steel are used for making baby bottles. The market is estimated to increase due to the number of working women.
COVID-19 Impact: Higher Concern for Babies' Health Declined Product Growth
Due to the public's growing concern for health during the COVID-19 outbreak, the feeding bottle market saw a downfall in product demand. The baby care products were avoided to prevent the infection of the virus. The parents were more concerned about the babies and, thus, avoided buying any baby care products during the pandemic outbreak. The rising number of cases led to more hospitalized patients, ultimately leading to havoc. The pandemic, followed by the lockdown, led people to store basic requirements and other essentials, which declined the product need in the global market.
LATEST TRENDS
"Rising Number of Working Women to Foster Market Growth"
The global baby bottle market is anticipated to be driven by an increasing number of women entering the workforce, demanding work schedules, and growing consumer awareness of baby care goods. The demand for the baby bottle market is expected to be driven by women's desire for ready-to-drink infant food products like instant milk formula. Additionally, the need for nurseries and kindergartens is growing, which encourages the use of infant water bottles and expands the market. The higher number of working female population coupled with their busy schedule of work and household chores is estimated to elevate the feeding bottle market growth.
FEEDING BOTTLE MARKET SEGMENTATION
- By Type Analysis
By type, the market is segmented into glass feeding bottles, plastic feeding bottles, and other types.
Plastic feeding bottles are anticipated to dominate the type segment due to their brittle nature and light weight of the bottles.
- By Application Analysis
Based on application, the market is classified into 0-6 month’s babies, 6-18 months babies, and others.
The 0-6 month’s babies segment is projected to dominate the market owing to the increasing necessity of bottles for infants.
DRIVING FACTORS
"Rising Population to Increase Product Demand"
With a growing newborn population worldwide, women's preferences for baby bottled drinks as a nutrient supplement for their children are projected to be a major factor in the market's expansion. In order to persuade parents to buy the new design of baby bottles, businesses also incorporate cutting-edge technologies into their line of baby bottles. This is thus anticipated to fuel market expansion. Numerous businesses engage in extensive branding and marketing initiatives that encourage customers to buy infant bottles and grow the market. The baby bottle market is also growing as a result of the expansion of different brands in the baby packaged food and drinks segments.
"Government Emphasizes On Breastfeeding Coupled With Premiumization to Aid Growth"
Government organizations in various nations are emphasizing on the value of breastfeeding. In these nations, human milk and breastfeeding are the normative standards for infant nutrition and feeding, and they are the focus of public health strategies. According to the American Academy of Pediatrics, newborns should be breastfed exclusively for the first six months, then continue to be breastfed while being introduced to supplementary foods for at least a year.
RESTRAINING FACTORS
Side-Effects Associated With the Product to Decline in Market Growth
The market is projected to experience challenges in growth due to women's increasing preference for homemade baby food, particularly in rural places around the world. Side effects associated with the use of feeding bottles deprived product consumption and posed a challenge to the growth of the market.
FEEDING BOTTLE MARKET REGIONAL INSIGHTS
"North America to Lead the Market Ascribed To the Rising Awareness of Baby Care Products"
North America is projected to hold a dominating part of the feeding bottle market share due to escalating awareness associated with the use of plastic bottles. The population is rapidly adopting glass-made feeding bottles to avoid any side effects on the health of the baby.
Asia Pacific is likely to hold a commendable part of the feeding bottle market share due to increasing disposable income driving the population toward more hygienic baby products. The presence of developing countries such as India and China is increasing the awareness of using baby care products among the population. These factors are projected to foster growth in the market.
KEY INDUSTRY PLAYERS
"Key Players Must Focus On Product Development for Global Market Growth"
The businesses are working on developing new eco-friendly baby care products that provide customers with better effectiveness and greater value. Companies also use innovation, acquisitions, and investments to try to increase sales. They are raising their production capacity in order to better serve their various markets. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products.
LIST OF TOP FEEDING BOTTLE COMPANIES
- Pigeon (Japan)
- Avent (U.K.)
- NUK (U.S.)
- Playtex (U.S.)
- Dr. Brown's (New York)
- Nuby (U.S.)
- Gerber (U.S.)
- Evenflo (U.S.)
- Born Free (Kenya)
- Lansinoh (U.S.A.)
- Nip (Sweden)
- Bobo (England)
- Ivory (U.S.)
- MAM (U.S.)
- Lovi (India)
- US Baby (U.S.)
- Rikang (China)
- Goodbaby (China)
- Medela (U.S.)
- Babisil (U.K.)
- Tommee Tippee (U.S.)
- Piyo Piyo (U.S.)
- Amama
- Rhshine Babycare
REPORT COVERAGE
The report covers various market aspects, such as:
- The product description is added to a brief about the product.
- Impacts of the lockdown followed by the pandemic.
- A driving factor becoming the new trend in the market.
- The factors which are likely to drive growth.
- Factors expected to decline in growth in the market.
- An in-depth regional analysis of the market is performed.
- Key players and their headquarters are also covered in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 2101 Million in 2021 |
Market Size Value By |
US$ 3404 Million by 2031 |
Growth Rate |
CAGR of 4.9% from 2021 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the market expected to touch by 2031?
Based on our research, the feeding bottle market is projected to touch USD 3404 million by 2031.
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What CAGR is the market expected to exhibit by 2031?
The market is expected to exhibit a CAGR of 4.9% by 2031.
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What are the segments of the market?
By type, the market is segmented into glass feeding bottles, plastic feeding bottles, and other types. Based on application, the market is classified into 0-6 months babies, 6-18 months babies, and others.
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Which are the driving factors of the market?
Rising population to increase product demand Government emphasizes on breastfeeding coupled with premiumization to aid growth are the factors driving the market.
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Which are the top companies operating in the market?
Pigeon, Avent, NUK, Playtex, Dr. Browns, Nuby, Gerber, Evenflo, Born Free, Lansinoh, Nip, Bobo, Ivory, MAM, Rhshine Babycare, Lovi, US Baby, Rikang, Goodbaby, Medela, Babisil, Tommee Tippee, Piyo Piyo, and Amama are the top companies operating in the market.