Press release
Breastfeeding Accessories Market Forecast Report 2019-2025| Prominent Players: Medela LLC, Pigeon Corporation, Ardo Medical Ltd, Ameda
Breastfeeding Accessories Market
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Medela
• Pigeon Corporation.
• Ardo medical AG
• Ameda, Inc.
• NUK USA LLC
• Hygeia Health Inc.
• MAYBORN GROUP LIMITED
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.
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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