Global Baby Bottle Market to Reach ~US$ 4,104 Mn by 2029
The global baby bottle market is projected to reach ~US$ 4,104 Mn by the end of 2029. The market was valued at ~US$ 2,720 Mn in 2019. If these figures hold true, the market will exhibit a CAGR of ~4.2% between 2019 and 2029. Regionally, East Asia is expected dominate the baby bottle market. However during the forecast period, South Asia will exhibit more lucrative growth opportunities. In terms of product type, the baby bottle market can be classified into plastic, stainless steel, others. The plastic segment holds the major market share as compared to its counterpart, glass and others.
Online Segment to Present Lucrative Market Opportunities
The global baby bottle market is primarily dominated by plastic category owing to major presence in both sales channel, online and offline. The offline segment holds the largest market share as compared to online platform due to high penetration of rate of baby bottles into offline model. The offline segment which includes hypermarket/supermarket, specialty stores, pharmacies etc. contribute most of the revenue owing to vast physical presence.
However, the online segment is expected to expand at highest CAGR on account of easy product availability, lower price as compared to physical channels, ability to compare products, door step delivery, secure payment gateway, and easy return policy. The e-Commerce industry is reshaping the global retail market. The e-Commerce industry had accounted for ~US$ 2.8 trillion in 2018, out of which 10% is contributed by retail market. Thereby, growth of e-commerce industry will fuel the global baby bottle market for further sales during the forecast.
How Growth will Unfold
Baby bottle market is primarily dominated by East Asia owing to owing to increasing breastfeeding problem among women, growing working women population, increasing number of new born babies around the world and growth of e-commerce platforms. Key companies in the baby bottle market are increasing their investments in research and development activities for the discovery of new products. The East Asia market holds major value share in the global footprint followed by North America due to high product awareness, increasing number of working population.
Developing regions such as South Asia is also expanding at higher CAGR. South Asia is anticipated to grow at highest CAGR during the forecast owing to increasing number of working women’s population. Moreover, new innovation in product material and packaging will also boost the baby bottle market to a new height. Online sales are expected to grow with highest CAGR during the forecast and will contribute a significant revenue share to the global baby bottle market.
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The global baby bottle market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Stainless Steel
- Less than 3 oz
- 3-6 oz
- 6-9 oz
- More than 9 oz
- High/ Premium
- Mid-Range/ Economy
- Wholesaler/ Distributor
- Hypermarket/ Supermarket
- Specialty Stores
- Convenience Stores
- Drug & Pharmaceutical Stores
- Online Stores
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa