PORTLAND, Ore., Sept. 1, 2020
Innovative product offerings facilitated by the manufacturers, increasing disposable income of customers, and rising birth rate propel the growth of the global baby feeding bottles market.
PORTLAND, Ore., Sept. 1, 2020 /PRNewswire/ -- Allied Market Research published a report, titled,"Baby Feeding Bottles Market by Material Type (plastic, stainless steel, silicone and glass) and Distribution Channel (hypermarket/supermarket, specialty stores and online stores): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report published by Allied Market Research, the global baby feeding bottles market generated $2.8 billion in 2018, and is projected to reach $4.2 billion by 2026, registering a CAGR of 5.10% from 2019 to 2026.
Drivers, restrains, and opportunities-
Innovative product offerings facilitated by the manufacturers, increasing disposable income of customers, and rising birth rate propel the growth of the global baby feeding bottles market. Nevertheless,availability of low quality products restrains the market growth. Moreover, premiumization trend and rise of social media marketing offer new opportunities in the near future.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6324
The plastic segment contributed to the largest share in 2019-
Based on type, the plastic segment contributed to the largest share in 2019, accounting for more than one-third of the global baby feeding bottles market, and is estimated to maintain its dominant position during the forecast period. This is attributable to the fact that plastic baby feeding bottles are easily available at affordable prices. Furthermore, the glass segment is expected to register the highest CAGR of 6.3% from 2019 to 2026. Glass bottles are hefty and do not contain any chemicals which can potentially get into the baby's formula. This factor drives the growth of the segment.
The hospital segment to dominate the market in 2019-
Based on distribution channel, the hyper market/super market segment accounted for the largest share in 2019, holding nearly two-fifths of the global baby feeding bottles market, and is expected to maintain the largest share throughout the forecast period. This is attributed to the fact that most of the baby care products are easily available in such stores at affordable rates. On the other hand, the online store segment is estimated to portray the highest CAGR of 6.2% during the forecast period. This is attributed to increasing penetration of internet.
North America to grow at the fastest growth rate-
Based on region, North Americais expected to grow at the highest CAGR of 6.5% from 2019 to 2026. Demand for the products is anticipated to increase in North America owing to the growing awareness about the baby feeding bottles in this region. On the other hand, Asia-Pacific contributed to the highest share, accounting for around one-third of the global baby feeding bottles market in 2019, and will maintain its dominance throughout the forecast period. Customers in the Asia-Pacific region are price sensitive and rise in disposable income has driven them to invest in hygiene related baby products. Furthermore, the increase in awareness regarding baby hygiene products in this province augments the growth of the global market.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6324
Leading market players-
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: 1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter