The global breastfeeding accessories market is projected to have a rapid-paced CAGR of 6.45% during the forecast period. The current valuation of the market is US$ 2.36 Billion in 2022. The market value of the breastfeeding accessories market is anticipated to reach a high of US$ 4.42 Billion by the year 2032. A historical market valuation of US$ 2.22 Billion has been recorded in the analysis conducted by Future Market Insights.
| Report Attribute | Details |
|---|---|
| Breastfeeding Accessories Market Value (2022) | US$ 2.36 Billion |
| Breastfeeding Accessories Market Anticipated Value (2032) | US$ 4.42 Billion |
| Breastfeeding Accessories Market Projected Growth Rate (2022 to 2032) | 6.45% |
Increasing demand for mother care products, the introduction of modern technologies in the healthcare sector, and the adoption of breastfeeding accessories will anticipate bolstering the overall breastfeeding accessories market.
The most crucial element of baby nutrition, breastfeeding is crucial for the growth and development of newborns and is frequently advised for the first six months by medical professionals and trained doulas. To better care for the mother and reduce the hassle associated with caring for newborns, breastfeeding accessories are used.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
It is identified that the global breastfeeding accessories market is witnessing an unprecedented rise in market demand in 2022. The growth can be attributed to the large number of women getting employed across developing economies. Additionally, a rise in awareness campaigns by the market players and government in regard to the availability of breastfeeding accessories is estimated to impel the market progression in the forthcoming years.
Additionally, growth in the global birth rate is a key market propellant identified through the forecast period. An increase in the number of milk banks around the globe for breast milk storage is beneficial for new moms and is identified to augment the growth of the breastfeeding accessories market through 2032. It has become extremely important for lactating mothers to have the right kit including nipple shields and cooling hydrogel pads while breastfeeding their babies. These factors are making a significant contribution to the market size expansion.
The breastmilk storage segment is projected to hold dominant shares by product type category in 2022. In the base year, this segment accounted for 15.0% revenue share in the market. The Asia Pacific breastfeeding accessories market is anticipated to dominate the market with an approximate revenue share of over 40% through 2022. The rise in awareness campaigns across the region is making a notable contribution to the regional market growth.
The key players in the breastfeeding accessories market are leveraging advancements in technology to launch new products and gain a competitive advantage. These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and end-use industry demands. Efforts are being made to strengthen their foothold in the market and aid the further progression of the breastfeeding accessories market.
Manufacturers are launching new silicone breastmilk collectors for lactating mothers. This would prevent the loss of milk and increase the companies’ market shares across the developing regions. Therefore, it is projected that the breastfeeding accessories market is likely to have significant growth through the estimated period of study.
The economic independence of women and changes in lifestyle would lead to a rise in the number of women working, which will speed up market expansion. One of the key factors driving the market's growth is the use of breastfeeding accessories by lactating women who produce less milk.
The global market is experiencing revenue growth as a result of initiatives done by both public and private players to improve women's employment as well as rising public awareness of modern biological technologies and their advantages, such as their ease of use and degradability, as well as the expansion of healthcare facilities and the existence of policies that support breastfeeding.
The development of breastfeeding equipment that is suitable has been prompted by factors such as temporary milk shortages, maternal health issues, and difficulties with secretion. Furthermore, the convenience of use, affordability, and low maintenance requirements of breastfeeding accessories, as well as the trend toward later motherhood, are driving the market's revenue expansion.
Principal Consultant
North America will drive the breastfeeding accessories market owing to the growth in women's employment in the USA and the presence of major key players.
Furthermore, North America is dominating the breastfeeding accessories market followed by Europe. The well-established healthcare infrastructure and rising demand for breastfeeding accessories in the market will propel expansion in Europe.
East and South Asia regions see lucrative growth opportunities in the forecasted period owing to an increase in the birth rate and large target population.
Followed by Latin America, the Middle East, and Africa are anticipated to show steady growth in the breastfeeding accessories market because of the growing demand for advanced breastfeeding accessories.
Some of the key market players present in the breastfeeding accessories industry are Koninklijke Philips N.V, Medela AG, Mama's Milk Wrap, Pigeon Corporation, Breast Pumps Direct, Bailey Medical Center, Merchandise Works Co., Ltd, Dongguan Daxin Rubber Electronic Co., Ltd, ALLE RECHTE VORBEHALTEN, NUK USA LLC, Linco Baby, and Mayborn Group Limited.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 7.1% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2012 to 2021 |
| Forecast Period | 2022 to 2032 |
| Qualitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segment Covered |
|
| Region Covered |
|
| Key Countries Profiled |
|
| Key Players |
|
| Customization | Available Upon Request |
The global breastfeeding accessories market is anticipated to register a CAGR of 7.1% during the forecast period.
The global breastfeeding accessories market is projected to be about US$ 4.9 Billion by the end of the year 2032.
Explore Healthcare Insights
View Reports
Breastfeeding Accessories Market
