Global Breastfeeding Accessories Market is expected to grow at a CAGR of 7.95% during the forecast period from 2019-2026
A new research report published by Fior Markets with the title Breastfeeding Accessories Market by Product (Nipple Care Products, Breast Shells, Breast Pads, Baby Scales, Others), Regions, and Global Forecast 2019-2026.
As per the report, the global breastfeeding accessories market is expected to grow from USD 1,542.58 Million in 2018 to USD 2,844.64 Million by 2026, at a CAGR of 7.95% during the forecast period from 2019-2026. The North America region led the global breastfeeding accessories market with a 43.54% share of market revenue in 2018. However, the Asia Pacific region is projected to grow at the highest CAGR of 10.21% over the forecast period.
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Major players in the global breastfeeding accessories market are Koninklijke Philips N.V., Medela LLC, Newell Brands, Ameda, Pigeon Corporation, Nuby, Mayborn Group Limited, Artsana S.p.A., Edgewell Personal Care, Handi-Craft Company (Dr. Brown’s), Ardo Medical, Bailey Medical, Whittlestone, Büttner-Frank, Acute Ideas, NUK USA, Linco Baby Merchandise Works, Hygeia Health, Elvie among others. The nipple care products segment has emerged as the fastest growing segment. Thus in order to effectively cater to this increased demand, major players are increasingly launching the new products. For instance in 2017, Weleda, announced the launch of nipple care balm. The product is aimed at providing the care and protection for sore nipple, cracked skin and chafing.
The product segment is divided into nipple care products, breast shells, breast pads, baby scales, breastmilk preparation & cleaning products, breastmilk storage & feeding, and others. Rise in the numbers of milk banks, growing need for storing and preserving the breastmilk were reasons that led the breastmilk storage and feeding segment to dominate the global breastfeeding accessories market. The breastmilk storage and feeding segment had a market value of USD 531.11 million in 2018. Increase in demand for the nipple care products from the North America and Europe region, are expected to propel the nipple care products segment to grow at an accelerated CAGR of 10.02% over the forecast period.
Even though the factors such as global increase in women employment levels, rising awareness about breastfeeding accessories as well as increase in number of milk banks are driving the global breastfeeding accessories market. The high cost of breastfeeding accessories and adoption breast milk substitutes in the developing economies are expected to dampen the growth of the market over the forecast period.
About the report:
The global Breastfeeding Accessories market is analysed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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