This market research report presents a detailed segmentation of the baby bottle market by material (glass and plastic), size (below 3 ounces, 3-6 ounces, 6-9 ounces, 9-12 ounces), and by geography (APAC, Europe, Latin America, North America, and MEA). Key findings also include an analysis of the leading vendors such as Philips, Pigeon, Mayborn, Handi-Craft, and Munchkin.
Technavio has released updated information on the baby care products, with the publication of its new report global baby bottle market. The global baby bottle market is estimated to grow at a CAGR of around 4% between 2015 and 2019. APAC occupies around 36% market share, owing to a high amount of infant population in the region. High birth rates in China and India have made these countries the highest revenue contributors in the region. The APAC market is expected to generate around US $1000 million by 2019.
Baby bottle manufacturers are offering various innovative options in baby bottles as per the changing needs of babies and their parents. For instance, Dr.Brown’s anti-colic bottles have a fully vented system that makes the bottle vacuum free. These colic-free baby bottles eliminates any unwanted air, hence preventing gastroenteritis problems like, colic in them. Another category is the self-heating baby bottles which have an in-built heating system for the milk or the baby formula. Baby bottles are also coming up with self-mixing properties, which automatically prepares the baby formula.
“One of the latest trends emerging in this market is the introduction of Bisphenol A (BPA)-free bottles. EU, and several nations especially Canada, have banned baby bottles containing BPA, due to its harmful consequences like breast and prostate cancer, brain and thyroid abnormalities, infertility, heart diseases, diabetes, early puberty and obesity. Most vendors of baby bottles are manufacturing and distributing BPA-free baby bottles. For instance, Playtex baby is one of the foremost producers of baby products and produces technologically advanced bottles that are BPA free and have multiple nipple options,” says Sriram Mohan, Lead Analyst, Consumer Goods, Technavio Research.
The global baby bottle market is dominated by leading vendors such as Philips, Pigeon, Mayborn, Handi-Craft, and Munchkin. The market is highly competitive with all key players competing to gain more market share. The intense competition has led to more partnership among vendors. The increased development of innovative products is expected to have a positive influence on the market during the forecast period.
This market study report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. A comprehensive analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. There are many key drivers, challenges, and opportunities that are discussed in detail.
A more detailed analysis is available in the Technavio report, Global Baby Bottle Market – Market Research 2015-2019.
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