The baby feeding bottles market size was valued at $2.8 billion in 2018 and is expected to reach $4.2 billion by 2026, registering a CAGR of 5.10% from 2019 to 2026.
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The global baby products market was valued at $12.2 billion in 2018. Rise in disposable income of consumers, coupled with rapid urbanization has been some of the key factors that help drive the market, in terms of value sales. Baby feeding bottles are bottles with teat or nipples usually made of plastic, which help newborn babies to drink milk or water with ease.
According to the insights of CXOs of leading companies, the rise in number of infant populations coupled with increase in per capita income of parents have been some of the key factors that help drive the demand for baby feeding bottles.
Baby feeding bottles manufacturers consider adopting some of the key marketing strategies to help trigger demand for its products among the target customers. Manufacturers sight these marketing channels as an effective platform that help promote their baby feeding bottle products and accordingly increase their customer base.
Apart from marketing, according to some of the key manufacturers in the global baby feeding bottles market, innovations in their product offerings play an influential role in triggering the demand for products. Manufacturers have been continuously improvising their product features and specifications that matches the expectations and requirement of target customers.
The rise in rate of internet penetration around the major parts of the world makes way for manufacturers to initiate several key online marketing programs as online platforms are one of the easiest ways to create awareness about the specifications and features of the baby feeding bottles products among the target customers
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Key Findings of the Study:
- In 2018, based on material type, the plastic segment accounted for around higher value Baby feeding bottles market share.
- Based on distribution channel, offline channel accounts to higher value share.
- In 2018, based on region, Asia-Pacific accounted for a prominent market share and is anticipated to grow at a CAGR of 4.3% throughout the forecast period.
Key players profiled in the baby feeding bottles industry include Key players profiled in the report include Mayborn Group Limited, BABISIL, Handi-Craft Company, Munchkin, Steribottle Ltd, PACIFIC BABY INC., Nutrits Ltd., Mason Bottle, Pura, Mapa Spontex UK Ltd. and other such.
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The global Baby feeding bottles market size is segmented on the basis of material, distribution channel and region. Based on material, the market is segmented into plastic, stainless steel, silicone and glass. By distribution channel the market is divided into hypermarket/supermarket, specialty stores and online stores. Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, Spain, UK, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, and rest of LAMEA).
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