Breastfeeding Accessories Market To Reach $2.4 Billion By 2025 | Industry Players Ameda, Pigeon Corporation

San Francisco, 8 Oct 2018: The global breastfeeding accessories market size is expected to reach USD 2.4 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to register a CAGR of 7.9% during the forecast period. Improving healthcare infrastructure in emerging economies and increasing number of milk banks are key factors driving the market. Moreover, growing awareness about the advanced breastfeeding accessories along with increasing number of working women in developing regions would boost the market demand.

As per the statistics provided by WHO, infant mortality has declined to a great extent, which would also fuel product demand. In addition, according to a report published by the U.S. CDC, infant mortality in U.S. declined by 15.0%. Thus, demand for breastfeeding accessories is expected to grow over the forecast period. The breastfeeding accessories market is comparatively mature in developed economies, such as U.S., Germany, France, and Australia, owing to presence of key companies in these countries and high demand for such products.

On the other hand, developing Asian and Latin American countries currently have a moderate adoption rate of these products due to lack of awareness. Economic growth and rising disposable income levels in these countries are anticipated to drive the market. Manufacturing companies are investing in such developing regions to expand their presence. This is also expected to augment market demand.

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Further key findings from the study suggest:

• Nipple care products are projected to witness a remarkable CAGR of 8.9% over the forecast years owing to high adoption of nipple shields, especially in U.S.
• Asia Pacific region is estimated to witness the highest CAGR of 10.7% during the estimated period due to increased adoption of pumping technology, rising disposable income levels, and increased number of working women
• North America commanded over 53.0% share of the global breastfeeding accessories market in 2016 owing to sophisticated healthcare infrastructure and higher product awareness among consumers
• Some of the key companies in the global market are Koninklijke Philips N.V., Medela LLC, Newell Brands, Ameda, Pigeon Corporation, Nuby, Mayborn Group Limited, Artsana S.p.A., Edgewell Personal Care, and Handi-Craft Company (Dr. Brown’s).

Access press release of this research report by Grand View Research:  www.grandviewresearch.com/press-release/global-breastfeeding-accessories-market

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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