Press release
Baby Bottle Sterilizer Market Revenue Predicted to Go by 2022
Various countries all over the world represents a significant potential and untapped market for various baby care products. With increasing awareness, uplifting income levels, and change in consumer behavior. Apart from this, huge population base in age group of 0-4 years and preferences of parents to spend more on baby products will further strengthen the demand for baby care products in the country. The global baby bottle sterilizer market has grown at a significant pace across the globe and is anticipated to expand at a significant CAGR during the forecast period. Increasing number of working women all bolstered the purchasing power, thus strengthening the sales of baby bottle sterilizers all over the world. Inclining awareness and the necessity for hassle free baby products have fostered the utilization of new BPA free baby bottle sterilizers. The market is anticipated to exhibit substantial potential over the period 2016-2022.
Increasing urbanization along with changing lifestyle has led to increasing disposable personal income which has fostered the demand for baby bottle sterilizers all over the world. Besides this, the working women population has also expanded over the past few years. This has created awareness and increased the spending on baby bottle sterilizers all across the globe. Apart from this, brick and mortar stores remained the major channel for the sales of baby bottle sterilizers over the past few years. The rising trend of purchasing baby sterilizers through online portals is expected to grow rapidly over the period 2016-2022. Immediate delivery services and easy price comparisons of bottle sterilizers are expected to be the major factors fuelling the growth of internet channels all across the globe.
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North America captured the highest share in terms of value in global baby bottle sterilizer market in 2015, followed by the European region. Anticipated urbanization in developing countries is likely to expand the market of Asia pacific region over the next few years till 2016-2022.
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Some of the major conglomerates capturing the substantial market share in the Global Baby Bottle Sterilizer market includes Philips Electronics, Chicco, MAM, Milton, Munchkin, Pigeon, Mayborn Group, B & H Switzerland, BABISIL, LOVI, Medela, Bert and Bratt, Difrax, Evenflo, Farlin and Babymoov. Various regional and local companies are anticipated to arrive in the baby bottle sterilizers during the forecast period.
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