Press release
Baby Bottle Sterilizer Market Predicted to Rise at a Lucrative CAGR throughout 2022
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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.
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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.
Global Baby Bottle Sterilizer market is segmented by: type, distribution channel and by region. Global Baby Bottle Sterilizer Market by Type: Electrical Sterilizers, Microwave Sterilizers, Others. Global Baby Bottle Sterilizer Market by Distribution Channel: Brick and Mortar Stores, Hypermarket, Online Store. Global Baby Bottle Sterilizer Market By Region: Asia Pacific, Europe, North America, Latin America, The Middle East & Africa.
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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