Market Overview
The baby bottle market was valued at $2.8 billion in the recent years and is expected to grow at a CAGR of 5.10% in the forecast period, reaching $4.2 billion by 2026. Its international value is 12 US dollars.
The rapid growth as well as the increase in customers’ revenues are some of the important factors supporting the selling prices business. A bottle is a bottle, usually made of plastic, with a pacifier or pacifier that helps babies drink milk or water easily.
Market Trends
Baby food and toddler food manufacturers produce nutrient-dense baby food in a variety of flavours. These products change breastfeeding and enable parents to meet their children’s needs. Many innovations, such as the introduction of BPA-free stainless steel baby bottles, act as further growth spurs. The manufacturer of the product has also developed a high-quality silicone feeding bottle with an offset teat to facilitate latching and reduce bottle rejection. Doctorate
Brown Corporation acquires Infants Driven Feeding, LLC to improve oral feeding of sick infants by educating paediatricians in the complexity of oral feeding and culture. In 2021, Primal Corporation announced that it had acquired Little’s Corporation to strengthen its market position and expand its product range. These organizations have developed small products such as baby bottles that are chemical-free and use natural ingredients. Consumers show great interest in natural and hygienic products.
Market Drivers
Rising global birth rates drive demand for baby pacifiers. Baby growth and increased use of baby care products in developed and developing countries are increasing sales of baby pacifier/pacifiers. According to data provided by UNICEF, More than 140 Million babies worldwide in 2019 born, which is equivalent to having more than 4 babies born in every 2. In Europe, age 5 accounts for about 9.7% of the world’s people.
That’s why the online channel has become a major factor in the demand for baby products, including baby pacifiers.
Market Restraints
Lack of effective distribution and distribution strategies in remote areas” Distributing baby pacifiers to retailers and consumers has proven to be a difficult task, especially in remote areas, complying with all regulations while ensuring goods are delivered on time and in good condition. Procedures required for efficient and reliable operation, this is particularly remote or inadequate It is difficult for companies operating in service areas.
Market Opportunities
Baby bottle stores have experienced a continuous improvement in product sales over the years. Bottle manufacturers are innovating in the layout, with a particular focus on customers’ needs.
For example, Olababy Inc., one of the largest brands in the global market, has launched a new line of feeding bottles called the Olababy GentleBottle, which includes an offset teat to help support connection and prevent bottleneck rejection. The soft texture of this soft silicone bottle makes it easy to hold, and the bottle includes two holes to reduce colic and aid airflow. Therefore, innovation is becoming an important factor in predicting the baby bottle market.
Market Size and Segmentation
Market segmentation can help you identify niche market growth and marketing strategies and identify gaps in your core application and target market. The global baby bottle market is segmented by distribution channel, capacity, material, and region.
- According to its material, it is divided into plastic, stainless steel, silicone and glass. The plastic segment is expected to be commercialized by 2022 because as babies grow, they can hold plastic bottles on their own, increasing demand during the forecast year. However, some side effects associated with plastic bottles lead to changes in its supply.
- On the basis of distribution, the bottle market is segmented into pharmacies and pharmacies, specialty stores, supermarkets/retailers, convenience stores, online stores and other products. Sales from hypermarkets/supermarkets result in higher prices. It is more likely as most essential baby care products are available at affordable prices in stores. These stores facilitate access to branded and private label baby care products. This is why supermarkets have more customers than other stores. Walmart, Target are some of the big stores in this segment.
- Baby bottle market is divided into 4 groups according to capacity.
1 Oz to 6 Oz, 6.1 to 9 Oz, up to 4 Oz and > 9 Oz etc. The 4.1-ounce to 6-ounce segment is expected to be commercialized by 2022, as these bottles are more easily used by babies, helping to increase their demand during the forecast year.
- Geographically, the market is differentiated into: North America (US) market is analysed by region, Canada and Mexico), Europe (Germany, Spain, United Kingdom, Italy, France and Rest of Europe), Asia Pacific (China, India, Japan, Australia, Korea and Rest of Asia Pacific) and LAMEA (Latin America) ). , Middle East and Africa).
COVID-19 Analysis
The COVID-19 virus, which emerged in Wuhan (China) in December 2019, has spread all over the world and has affected countries such as China, Italy, Iran, Spain, Republic of Korea, France, Germany and the United States, many of whom have tried 2020 patients and in March as reported deaths. The pandemic has greatly affected many countries and industries around the world, including the food and beverage industry, which has suffered major disruptions such as supply chain disruptions, tech incidents and office closures. As China is the world’s largest producer and exporter, the bacon industry has also declined due to factory closures and related equipment caused by the epidemic.
Competitive Analysis
The competitive landscape of the Asia Pacific Bottles industry provides competitor details. Topics include company profile, company finance, revenue generation, business potential, R&D investment, new business plans, global reach, factories and facilities, company strengths and weaknesses, manufacturing, clinical trials, product reviews, approvals, Patents, general and unacceptable products, good practice, technology lifeline curve. The data points given above relate only to the Asia-Pacific bottle market that the company is targeting.
Key Competitors
Key players operating in the baby feeding bottles market are Babisil International Ltd, Cherub Baby Australia, Handi-Craft Company, Mayborn Group Limited, Munchkin, Inc., Nanobébé US LTD, Pacific Baby Inc., Philips N.V., Pura Stainless LLC, and Steribottle Ltd.