Technavio, a tech-focused market research firm, has published a new report on the global baby bottles market, which is expected to experience a slow but steady CAGR of more than 4% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global baby bottles market for 2017-2021, considering 2016 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are also covered in the report.
Based on geographical division, Technavio market researchers segment the global baby bottles market into the following key regions: The Americas, APAC, Europe, and MEA.
Geographical segmentation of the global baby bottles market for 2016 (market share %)
|
APAC |
34.32% |
|
Americas |
32.44% |
|
Europe |
28.05% |
|
MEA |
5.19% |
Source: Technavio
APAC: largest revenue generating region for baby bottles
The global baby bottles market in APAC was valued at close to $1 billion in 2016 and is expected to post a CAGR of around 6% by 2021. The density of population in this region makes it the largest market for baby bottles. Changing lifestyles of consumers coupled with the growing number of nuclear families in countries such as China, India, and Indonesia will boost the demand for these products in the APAC market during the forecast period. The vendors in this market are focusing on improving the distribution channels to create more awareness and fuel the demand for baby care products. The rapid rate of urbanization in these countries will help vendors to increase their sales and profitability.
“The growth in per capita income, population, and standard of living in countries like India, China and Japan will fuel development activities in the APAC market. Vendors are introducing high-tech baby bottle products with trendy designs and features. The manufacturers are also launching inexpensive products and making it affordable to consumers of most classes. It is estimated that the rise of internet retailing and growing consumer awareness will boost the demand in the APAC market over the period of next four years,” says Brijesh Kumar Choubey, a lead analyst at Technavio, specializing in research on toys and baby products.
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Baby bottles market in the Americas
The global baby bottles market in the Americas was valued at almost $1 billion in 2016 and is expected to post a CAGR of close to 4% by 2021. The launch of innovative new features like self-heating and temperature-sensitivity in baby bottles will promote the growth of the American market. The FDA is taking initiatives to ensure infant formula products are safe and promote healthy growth among infants, this, in turn, will boost the demand for bottles in the market. South and Central America are emerging as new potential areas in the American market. The growing product safety awareness has led to a considerable demand for BPA-free baby bottles in these countries.
Baby bottles market in Europe
The global baby bottles market in Europe was valued at around $703 million in 2016 and is expected to post a CAGR of more than 2% by 2021. The availability of various kinds of bottles in Europe is fuelling the market growth in the region. The market is witnessing a rise in dual-income households, and this will help the vendors to increase the sales and generate more revenues in the European market. The companies are focusing on the development and launch of innovative products to attract more consumers and increase their profitability in the European market.
Baby bottles market in MEA
The global baby bottles market in MEA was valued at around $130 million in 2016 and is expected to post a CAGR of more than 3% by 2021. The high fertility rates in some countries of Africa like Algeria, Kenya, and Nigeria will provide high-growth opportunities for the vendors in the market. The growth in disposable income of the middle-class population and the rising urbanization rates will help in the growth of the market in the African region. Increasing purchasing power among Middle Eastern countries like UAE, Qatar, and Saudi Arabia will have a positive impact on the global baby bottles market.
The top leading vendors operating in the global baby bottles market are:
- Handi-Craft
- Mayborn Group
- Munchkin
- Philips
- Pigeon Corporation
Other prominent vendors in the market include BABISIL, Bouche Baby, Chicco, Comotomo, Evenflo, Lansinoh Momma, LOVI, MAM, Medela, nip, Nuby, NUK, PLAYTEX, Richell, Zhejiang Rikang Baby Products, and Summer Infant.
A more detailed analysis is available in the Technavio report titled, ‘Global Baby Bottles Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Baby Bath Products Market 2016-2020
- Breastfeeding Supplies Market in Europe 2016-2020
- Global Baby Bottle Sterilizer Market 2015-2019
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