Sellbyville, DE -- (SBWIRE) -- 04/30/2019 -- Global Breastfeeding Accessories Market set to exceed USD 1.4 billion by 2024; according to a new research study published by Global Market Insights, Inc. Increasing breastfeeding rates will drive market growth over the forecast period. Growing awareness regarding the importance of breastfeeding due to various government and non-government initiatives will augment industry expansion. Implementation of policies favoring breastfeeding along with encouragement and support from lactation consultants and breastfeeding advocacy groups will fuel business growth. Increasing number of working mothers along with soaring adoption of better technologies for breast milk collection will propel breastfeeding accessories market demand.

Growing popularity breast milk substitute formulas owing to misconception that it is equivalent to breast milk, low cost and adoption of convenience oriented lifestyle will restrain breastfeeding accessories market growth. Furthermore, high cost incurred due to repeated purchase of breastfeeding accessories will impede breastfeeding accessories industry expansion.

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Statistics claim breastfeeding accessories industry to record a double-digit growth (10%) over the period of 2017-2024, with a target valuation of over USD 1.4 billion by 2024. The U.S has always proved itself as a lucrative growth ground for major markets globally. In this case, technological proliferation is amongst the many factors that has played a pivotal role in the regional breastfeeding accessories industry augmentation. Increasing working female population with hectic schedules and lack of proper maternity leaves have impelled the market growth in U.S. A large number of lactation consultants and breastfeeding advocacy groups spread around the nation have further complemented the business expansion.

Implementation of policies like WHO code along with other supportive initiatives undertaken by renowned organizations encouraging breastfeeding have indeed provided a significant impetus to breastfeeding accessories market. Over the years, the industry has expanded remarkably which is quite evident from its diversified product spectrum including sore nipple cream, nursing pads, breast milk storage bags, breast shells, nipple shields, cleaning pads, and breast milk bottles.

Breast milk bottles led the product landscape in 2016 and are likely to continue their domination in the global industry over the coming seven years. Owing to their appropriate design, these bottles are quite feasible both for normal feeding purposes as well as through breast pumps. Breast milk storage bags also procured a major portion of the breastfeeding accessories industry. Greater convenience, low cost, compact size, and disposable pattern are some of the factors favoring the product demand.

The business landscape of breastfeeding accessories market has massively evolved over the recent years, pertaining to the technological interventions that have contributed toward the expansion of the product portfolio. Despite the associated high costs, lack of proper awareness, and product substitutes posing as potential threats to the industry penetration across a few regions, market is anticipated to make a headway in the coming seven years, primarily due to the rigorous involvement of business players in R&D activities.

Prominent industry players in breastfeeding accessories market include Medela, Ardo Medical, Koninklijke Philips, Bailey Medical, Whittlestone, Büttner-Frank, Acute Ideas, Pigeon Corporation, Ameda, NUK USA, Linco Baby Merchandise Works, Hygeia Health, Mayborn Group, KaWeCo. The industry players adopt strategies such as new product development and acquisitions to broaden their product portfolio and strengthen their industry presence.

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Germany dominated the Europe market and was valued around USD 47.8 million in the year 2018. Increasing breastfeeding rates coupled with increasing number of working mothers should propel demand. Presence of long period of paid maternity leave along with entitlement to breastfeeding breaks without loss of salary should further augment growth. Implementation of WHO code and establishment of National Committee on Breastfeeding for promoting lactation among mothers will boost breastfeeding accessories market expansion.

Chapter 1. Methodology

1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Breastfeeding accessories industry 3600 synopsis, 2014 - 2025 (USD Million)
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Regional trends

Chapter 3. Breastfeeding Accessories Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025 (USD Million)
3.3. Industry ecosystem
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Industry impact factors
3.4.1. Growth drivers
3.4.1.1. Growing awareness regarding breastfeeding along with increasing breastfeeding rates in developed countries
3.4.1.2. Favorable policy promoting breastfeeding in developing countries
3.4.1.3. Increasing number of working mothers in India, Brazil, and other developing regions
3.4.2. Industry pitfalls & challenges
3.4.2.1. Adoption of breastmilk substitutes in developed economies
3.4.2.2. High cost of accessories in North America and Europe

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Data Tables

TABLE 1. Breastfeeding accessories industry 3600 synopsis, 2014 – 2025
TABLE 2. Global breastfeeding accessories market, 2014-2025 (USD Million)
TABLE 3. Global breastfeeding accessories market, by product 2014-2025 (USD Million)
TABLE 4. Global breastfeeding accessories market, by region, 2014-2025 (USD Million)
TABLE 5. Industry impact forces
TABLE 6. Breast milk bottles estimates and forecast, by region, 2014 – 2025 (USD Million)
TABLE 7. Breast milk storage bags market size, by region, 2014 – 2025 (USD Million)
TABLE 8. Sore nipple cream market size, by region, 2014 – 2025 (USD Million)
TABLE 9. Nursing pads market size, by region, 2014 – 2025 (USD Million)
TABLE 10. Cleaning products market size, by region, 2014 – 2025 (USD Million)