Fior Markets launched a study titled “Breastfeeding Accessories Market by Product (Nipple Care Products, Breast Shells, Breast Pads, Baby Scales, Others), Regions”, and Global Forecast 2019-2026.
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. Improvement in the standards of the healthcare infrastructure in the developing economies, proliferation of milk banks and increasing awareness about the benefits of breastfeeding are some the factors that are propelling the demand for the breastfeeding accessories.
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The nipple care products segment is anticipated to grow at a CAGR of 10.02% in 2019-2026
The product segment is divided into nipple care products, breast shells, breast pads, baby scales, breastmilk preparation & cleaning products, breast milk 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 accessoriesmarket. 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.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Based on the factors such as high levels of female participation in the workforce coupled with presence of well-established healthcare infrastructure and increased awareness pertaining breastfeeding accessories the North America region led the global demand for the breastfeeding accessories with USD 671.64 million revenue in 2018. However the Asia Pacific region is projected to grow at the fastest CAGR of 10.21% 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 accessoriesmarket. 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.
Major players in the global breastfeeding accessories market are Koninklijke Philips N.V., Medela LLC, Newell Brands, Ameda, Pigeon Corporation, Nuby, Mayborn Group Limited, ArtsanaS.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, andamong others.
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