Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Breastfeeding Accessories Market (By Product: Breastfeeding Pumps, Breast Milk Preparation & Cleaning Products, Nipple Care Products, Baby Scales, Breast Milk Storage & Feeding, Breast Shells, Breast Pads, Other Accessories; By Application: Hospital Grade, Personal Use) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.
LOS ANGELES, March 25, 2019 (GLOBE NEWSWIRE) -- The global breastfeeding accessories market size is anticipated to around USD 1,470.6 million by 2026, this market is anticipated to grow with 10.5% CAGR during the forecast time period. The upsurge in the population of working mothers and an increasingly fast-paced lifestyle is expected to drive the growth of the global breastfeeding accessories market.
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Most of the breastfeeding accessories help in the process of direct appearance of pumped milk into a container which is later used by the mother to feed the infant. The breastfeeding accessories are also helping mothers who are facing irregular milk flow and assist them in expressing milk. The key factors contributing to the breastfeeding accessories market across the globe are the growing global population and an increase in the number of working mothers. Moreover, the increase in disposable income and varieties of breastfeeding accessories are the factors that have a positive impact on the growth of breastfeeding accessories market.The rise in women employment, rising population coupled with increasing birth rate, and encouraging government initiatives are some of the major factors that are expected to create growth opportunities for the breastfeeding accessories manufacturers. The population of working mothers is increasingly rising along with the fast-paced lifestyle. Also, the number of health care policies are introduced that are encouraging the working mother in both the public and private sectors. Furthermore, the working mother has relatively high disposable incomes and less time to feed their babies. These are the factors that increase the demand for breastfeeding products such as breast pads, breastfeeding pumps, and breast milk feeding & storage supplies. Additionally, the continuous launch of innovative products and advancement in technology are boosting the demand for breast milk feeding and storage supplies accessories. But, the cost to develop devices are high and lengthy regulatory approval process is the restraining factors that can hinder the growth of the breastfeeding accessories.The breastfeeding accessories consist of products that include breast pumps, nipple care products, breast shells, breast pads, breast milk preparation, and cleaning products, and other accessories.Also, the lactating mothers use the breast pumps for expression of milk from the breast that helps to encourage lactation during little milk supply. The breast pumps are used primarily for relief from breast pain and for babies who are unable to draw milk. Breastfeeding accessories and storage supplies have gained high acceptance among working mother population. Therefore, this rise in acceptance of accessories is creating lucrative opportunities for manufacturers in the global breastfeeding accessories market.
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The global breastfeeding accessories market is segmented into product, application, and region. On the basis of product, the global breastfeeding accessories market is segmented into breastfeeding pumps, breast milk preparation & cleaning products, nipple care products, baby scales, breast milk storage & feeding, breast shells, breast pads, and other accessories. On the basis of application, the global breastfeeding accessories market is segmented into hospital grade and personal purpose. On the basis of the region, the global breastfeeding accessories market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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North America region is expected to dominate the global breastfeeding accessories market followed by Europe region. The dominance in the North America region is expected to grow significantly during the forecast period due to the favourable healthcare policies and technological advancements. The breastfeeding accessories market in the U.S. is driven by an increase in health care spending and rising women employment rate. The opportunities in the Asia Pacific breastfeeding accessories market are creating growth opportunities owing to the increase in population, growth in the number of working mothers and favourable government healthcare policies in the region. Factors such as affordability and inaccessibility to the innovative breastfeeding accessories hinder the growth of breastfeeding accessories market in developing regions. In spite of this, the breastfeeding accessories market in these regions is expected to witness moderate growth rate in the coming years.
The prominent players operating in the global breastfeeding accessories market are Artsana Group, Koninklijke Philips N.V., Medline Industries, Inc., Pigeon Corporation, Ameda, Inc., Handi-Craft Company, Medela LLC, NUK USA LLC, TommeeTippee (Mayborn Group Limited), etc.The demand for breastfeeding accessories in North America region is expected to grow rapidly owing to various factors such as the rise in birth rate, developing economies with growing women employment rate, and also rise in spending on health care products is expected to boost the demand for breastfeeding accessories in the Asia Pacific region. The strategic initiatives commenced by global companies include partnerships, new product launch, acquisitions, and mergers.The R&D investments by key manufacturers are expected to offer innovative breastfeeding products that are anticipated to offer lucrative opportunities for industry players in the global market.
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