Breastfeeding Accessories Market size was over USD 650 million in 2016, with projected growth of over 10% CAGR from 2017 to 2024.
Sellbyville, DE -- (SBWIRE) -- 10/23/2018 -- Breastfeeding Accessories Market size is 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 breastfeeding accessories 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.
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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.
Breast milk storage bag demand should grow at lucrative rate owing to increasing adoption of breast pumps and growing need of working mothers to collect breastmilk and store it for use at a later point in time. Advantages of breast milk storage bags such as greater convenience, requirement of less storage space in refrigerators, low cost and disposable nature will further stimulate demand.
Nursing pads are poised to witness robust growth over the forecast timeframe due to comfort provided by the pads from leakage of nipples after breast feeding.
Breast shells are anticipated to grow at rapid rate owing to benefits such as increased comfort and protection of nipples which have become tender from breastfeeding and correction of flat or inverted nipples. Relief provided on usage of breast shells from mild breast engorgement should further boost demand.
Germany breastfeeding accessories market held the largest regional industry share. 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.
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India breastfeeding accessories market is forecast to grow at a rapid rate over the forecast period owing to presence of large unmet needs, rising per capita income and development of healthcare infrastructure. Increasing breastfeeding initiation rates along with growing awareness regarding breastfeeding owing to various public and private sector initiatives will fuel breastfeeding accessories market growth.
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.
Breastfeeding accessories market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Breastfeeding Accessories Market by Product
- Breast Milk Bottles
- Breast Milk Storage Bags
- Sore Nipple Cream
- Nursing Pads
- Cleaning Products
- Nipple Shields
- Breast Shells
The above information is provided for the following regions/countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
o South Africa
o Saudi Arabia