Revenue produced from baby feeding bottles market was around US$ 2,469.9 Mn in 2017, which is expected to increase at a CAGR of 4.7% over the forecast period
Albany, NY -- (SBWIRE) -- 06/11/2018 -- In general, breastfeeding has been proven to be the most effective way to nourish your newborn, however, with the hectic lives modern-day career women lead, breast milk isn't always a sustainable option. This has given rise to the demand for baby feeding bottles. Safe and convenient baby feeding bottles are occupying the most space on the shelves in the market. Considering these facts, Market Research Reports Search Engine (MRRSE) has publicized a study titled "Baby Feeding Bottles Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025" to its vast repository, which estimates that global baby feeding bottles market is expected to be valued at US$ 3,556.4 Mn by the end of 2025.
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To elaborate further, the research study offers in-depth insights and analysis on the key factors driving the global demand for baby feeding bottles globally. An analysis of the key opportunities and trends that are likely to impact market growth has also been included for the perusal of the readers. It provides historical data of 2015 along with estimated data of 2017, and forecast data up to 2025 in terms of revenue (US$ Mn). As per the analyst's projection, revenue produced from baby feeding bottles market was around US$ 2,469.9 Mn in 2017, which is expected to increase at a CAGR of 4.7% over the forecast period.
In order to provide an inclusive view, the research has been segmented on the basis of material, capacity, sales channel and region. The regional analysis section is a crucial section which provides information on market expansion in major regions such as Latin America, North America, Asia Pacific, Europe, and Middle East & Africa (MEA). While analyzing these regions, a detailed qualitative analysis of the factors responsible for driving and restraining the growth of the market in above regions has been delivered.
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Factors Fueling Market Growth
Nowadays, conscious parents are buying baby feeding bottles after research and investigation of the quality of the product and the type of material used in the bottles. Owing to this, products with extra features and which offer the finest safety to babies are becoming increasingly important for manufacturers to cater to consumer demand. It has been analyzed that manufacturers are gradually focusing on offering advanced products which make bottle feeding an enjoyable and easy experience.
In terms of geography, APAC is expected to gain significant market share in revenue terms by 2025 end. The major driver behind this region's growth is rising consumer necessity of feeding bottles as baby population is swelling rapidly in this region.
On the basis of material, the global baby feeding bottles market is segmented as plastic, silicon, glass and stainless steel. The report finds that among all the segments, plastic segment is estimated to account for 63.6% of market share worldwide. By capacity, the market is segmented as up to 4 Oz, 4.1 to 6 Oz, 6.1 to 9 Oz and > than 9 Oz. The baby feeding bottles available all over the world by various sales channel, such as specialty stores, hypermarkets/supermarkets, convenience stores, pharmacy & drug stores and others.
At last, the report covers thorough competitive outlook that contains market share and profiles of key players functioning across the globe. Some of them are Philips AVENT, Tupperware, Narula Overseas Industries Pvt. Ltd., Bonny Baby Care Pvt. Limited, Narang Plastics, Munchkin Inc. and others.
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