Breast Feeding Accessories Market Outlook, Top Key Players Review 2023 | Fast Forward Research
Breast Feeding Accessories Market
Breastfeeding plays a very important role in the growth and development of new-born babies. Maternal breastfeeding is a biological process, but, in some cases, such as difficulty in breastfeeding due to irregular milk flow is creating the demand for breastfeeding accessories to feed their babies effectively.
The Breast Feeding Accessories Market Share was valued USD 2.8 billion in 2022 and is expected to reach USD 4.71 Billion at 5.96% CAGR during the forecast period of 2023 to 2032.
The major key factors driving the market growth are difficulty in milk secretion or lactation in the mothers, increasing rate of adopting new babies, and an increase in the number of working mothers. Also, the growing awareness about the breastfeeding accessories, decreasing infant mortality rate, improving healthcare infrastructure in emerging economies, and favorable policies promoting breastfeeding in North America, Europe, and various regions promotes the market growth.
However, the problem associated with breast feeding accessories and high cost of the products hamper the market growth.
Major Key Players:
Koninklijke Philips N.V. (UK), Medela LLC (US), Ameda (US), Pigeon Corporation (Japan), Nuby (USA), Artsana S.p.A. (UK), Handi-Craft Company (US), Medline Industries, Inc.(US), NNUK USA LLC (US), Tommee Tippee/Mayborn Group Limited (UK) and Others are some of Key Breast Feeding Accessories Market Players.
Segment Analysis
The global breast feeding products market is segmented on the basis of product and end user. On the basis of the product, the global breast feeding accessories market is categorized into breast milk bottles breast pumps, nursing clothes, breastfeeding pillow, nursing pads, nipple care products, cleaning products, breast shells and other accessories. On the basis of breast pump, the products are sub-segmented into manual breast pumps and electric breast pumps. The nursing pads are further sub-segmented into disposables and reusable. On the basis of the end user, the market is segmented into hospital & clinics and personal.
On the bases of region, the market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is expected to hold the largest market share and the Middle East and Africa with a low market share during the forecasted period.
Regional Analysis
Global Breast Feeding Accessories Market Outlook, based on region, has been divided into Europe, the Americas, Asia-Pacific, and Middle East & Africa.
The Americas is the largest regional market due to the presence of North America, which has the most advanced medical facilities and the presence of key market players. These factors make North America a greater market compared to South America. Other factors helping the market growth in North America include development in healthcare infrastructure, favorable policies promoting breast feeding, increasing awareness about breast feeding equipment, an increasing number of milk banks, and increasing demand for advanced breast feeding accessories. The most prosperous market in this region is the USA, followed by Canada.
The factors that make North America the largest regional market also make Europe, the second-largest regional market as technological advancement is the only thing that keeps North America ahead of Europe. Some other factors aiding the market growth in Europe include increasing government support for improving kids’ health, increasing R&D in healthcare, and increasing woman employment. Due to the reasons that are same as the Americas, Western Europe is a bigger regional market segment compared to Eastern Europe. The most lucrative markets in this region are France, Germany, Italy, Spain, and the UK. The survey of the remaining countries in Western Europe featured in this report calculates the inclusion of market revenue, with a sizable revenue contribution from Eastern Europe.
The Asia Pacific region is the fastest-growing regional market due to the rapidly growing economies like Australia, China, and India. In the Asia Pacific region, the market is surging due to the rising healthcare expenditure by the government, the increasing birth rate in this region (especially in China and India), and subsequently increasing demand for breastfeeding accessories. Other important markets in this region are Japan and South Korea. A cognition of the remaining countries in the Asia Pacific region featured in this report adds the extra market revenue to the market from these countries.
The MEA region holds the least market share due to a lack of healthcare infrastructure, low awareness, and the presence of poor economies.
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