Baby Bottle Market Size, Share & Trends 2030

Veröffentlicht 2024-05-06 12:42:38

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Baby Bottle Market

By 2030, the infant bottle market is expected to have grown from its estimated USD 3312.94 million in 2022 to a projected USD 4825.69 million, with a compound annual growth rate (CAGR) of around 4.82% between 2023 and 2030. The study examines the factors driving, impeding, and posing difficulties to the global infant bottle market, as well as their impact on demand throughout the forecast period. The paper also looks at new potential in the baby bottle market.

Global Baby Bottle Market: Overview

When it comes to feeding a baby till they turn a year old, baby bottles are essential baby care items. Baby bottles are widely available on the market, including a variety of colors, patterns, and practical features.

Baby Bottle Market

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Global Baby Bottle Market: Growth Factors

The rising birth rate worldwide is the main factor propelling the growth of the baby bottle market globally. The need for newborn care products, particularly bottles, is rising dramatically along with the birth rate. In addition, the industry is expanding rapidly due to the growing per capita and disposable income of the populace as well as the widespread adoption of supermarkets, hypermarkets, internet retailers, and pharmacies worldwide.

Global market expansion was driven by the adoption and promotion of novel baby formulae. Furthermore, because these baby formulas are widely used, a number of industry participants are concentrating on growing their brands by offering improved, BPA-free products. In the worldwide baby bottle market, BPA-free bottles are a rising trend. The baby bottle's inner surface contains BPA, which can seep into the liquid it is storing and have a harmful effect on the infant's health. In addition to thyroid issues and breast and prostate cancer, BPA has been linked to a number of brain problems. Because BPA-free products are produced by the industry's leading companies and address these fundamental issues, the worldwide baby bottle market is expected to grow in the coming years.

Manufacturers' premiumization of their products attracts customers and supports market expansion. Baby bottles with additional specifications and premium grade items with unique characteristics are what drive the premiumization.

Global Baby Bottle Market: Segmentation

There are various ways to segment the worldwide baby bottle market, such by material, price range, capacity, distribution channel, and geography. The market can be divided into plastics, stainless steel, and other materials. Due to its extensive distribution across several sales channels, both online and offline, the plastic category commands the highest market share for infant bottles worldwide. In addition, the plastic bottles are lighter and more brittle than other types. Because plastic bottles are becoming more and more of a health concern, stainless steel bottles are predicted to expand significantly during the forecast period. Steel bottles are strong, chemical-free, and resistant to bacteria.

The market can be divided into online retailers, pharmacies, convenience stores, hypermarkets, supermarkets, wholesalers, distributors, and other retailers based on the distribution route. With the biggest market share is the category of supermarkets and hypermarkets. Due to rising internet penetration, the online category is expected to increase significantly throughout the projection period. Additionally, the rapid growth of e-commerce is being driven by technology advancements, which in turn is driving market expansion. The market can be divided into segments according on capacity: over 9 oz, 6-9 oz, 3-6 oz, less than 3 oz, and others.The market can be divided into the mid-range and high range according to price range.

Global Baby Bottle Market: Regional analysis

Due to the presence of major competitors in the region and a notable increase in the number of working women in nations like China, Asia Pacific now leads the worldwide infant bottle industry. Furthermore, rising disposable income and consumer knowledge of baby care goods both play a major role in the expansion of the region. The number of working women and the rise in women's health concerns have made Europe a developing market for baby bottles worldwide.

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