An Incisive, In-depth Analysis on the Sippy Cups Market
This study offers a comprehensive, 360 degree analysis on the Sippy Cups market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Sippy Cups market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Sippy cups sales to soar through 2027; rise in demand for baby care products is driving the market
Global Sippy Cups Market: From an estimated market size of US$ 7,765.2 Mn in 2018, the value sales of sippy cups are expected to reach US$ 11,684.4 Mn by 2027 with a CAGR of 4.6%
The global infant care industry has been surging at a significant rate in terms of value sales, which can be attributed to an increase in concerns among parents regarding the safety and hygiene of their new born babies and toddlers. Owing to this, various baby care products, such as the diapers, children’s mattress and clothing, are witnessing significant demand in the global market.
Sippy cups are considered among the mandatory baby care products and have witnessed high demand in the global market. Due to an increase in the demand for sippy cups, manufacturers have been introducing innovative products to cater to the varying needs of target customers. The sippy cups market offers a wide range of products such as soft-spout sippy cups, hard-spout sippy cups, straw sippy cups as well as spout-less sippy cups.
The introduction of new and innovative products by manufacturers in the sippy cups market
The parents of today are very concerned about hygiene when it comes to their new born babies, right from food, clothing as well as the mattress they sleep on. Parent strive to ensure a healthy and a safe environment to nurture their children. Considering these factors, several key manufacturers of sippy cups have been introducing products with features and specifications that cater to their target customers. For instance, in 2018, CollapseAndGo launched new baby bottles and sippy cups, namely Collapsabottle and Collapsacup. These products were launched to target children aged 0-5 years. The company claims that these products are made of silicon due to which they are tasteless, bacteria-resistant, odourless and have high temperature resistance. In addition, these products have interchangeable lids and attached handles, which makes it easy and convenient for children to use them without assistance.
Along with innovation, the manufacturers of sippy cups also stress on the quality of the product and guarantee a longer shelf life for the same. In 2013, NUK, a leading baby product manufacturer from North America, launched Patriotic sippy cups and pacifiers. The company claims that these hard-spout sippy cups are 100% leak proof, break proof and spill proof. These products are widely available at Walmart across North America.
The global market for sippy cups is witnessing new trends with the advent of customisation
Manufacturers are introducing customised versions of their existing sippy cups to cater to the growing demand for sippy cups as well as a rise in the number of concerns of majority of parents. For instance, in 2017, Tervis Tumbler Company introduced a new range of sippy cups with customisations, which include the addition of photos, background and text. The company also claimed that these cups come with a lifetime guarantee. The key features of these products are that they are unbreakable, spill-proof, dishwasher-safe and BPA-free. Customisation is an emerging trend in the global sippy cups market. To penetrate the large base of potential customers, manufacturers and suppliers are promoting and offering customised products.
Though sippy cups are considered important or mandatory for new born babies and toddlers, there are several negative factors associated with the usage of these products, which have given rise to concerns among manufacturers as well as parents. For instance, plastic sippy cups produce BPA, a harmful chemical that is released when they are filled with hot milk. There is evidence that links the consumption of BPA with developmental problems in infants. As a result, parents are concerned about selecting the right kind of sippy cups that are made of good-quality base material.
Global Sippy Cups Market Competitive Landscape: Multinational players are relatively highly concentrated in the global sippy cups market as compared to local and regional manufacturers
The global sippy cups market is primarily characterised by the presence of a large number of regional and multinational companies. The detailed profiles of companies are also included in the global sippy cups market report to evaluate their strategies, key product offerings and recent developments. Some of the key players profiled in the global sippy cups market study include Koninklijke Philips N.V.; Lollaland; Munchkin, Inc.; NUK USA LLC (Nestle SA); MAM USA Corporation; Ingeniri LLC (nuSpin Kids); Mayborn USA Inc.; ZoLi Inc.; Richell Corporation; Thermos LLC; Dr. Brown's; Combi Corporation; Lifefactory, Inc.; Pigeon Corporation; Lansinoh Laboratories, Inc.; Gerber (Nestlé S.A.); The First Years Inc.; Playtex; Rhshine Babycare; Peek-A-Boo Group and Twistshake of Sweden AB.
This report provides the forecast and analysis of the global sippy cups market. It provides analysis on the basis of historical data and forecast from 2018 to 2027 in terms of revenue (US$ Mn). The report reveals the market dynamics in seven geographic segments, along with market analysis for the current and future scenario. In addition, it includes the drivers, restraints and recent trends of the sippy cups market. The report also comprises opportunities for the manufacturers of sippy cups and highlights the value chain analysis in detail. The study demonstrates the market dynamics and trends across regions that are expected to influence the current status as well as the future prospects of the sippy cups market.
The report studies the global sippy cups market for the period 2018–2027. The prime objective of this report is to offer quantitative and qualitative insights and study key the market trends pertaining to the global sippy cups market, which gradually help transform businesses.
The market numbers have been assessed by carefully scrutinising the sippy cups spending of countries in all the seven key regions for the current year, as well as the historical performance of the market. Market size and forecast for each segment of the sippy cups market has been provided in the context of regional markets. All the segmentation of the sippy cups market has been considered after appropriate secondary research and revalidation of the data obtained through interviews with key thought leaders and industry experts. The market has been forecast based on constant currency rates. The report includes the revenue generated from the sales of sippy cups across all regional economies.
The report begins with an executive summary intended to provide a clear perspective about the market to the reader. It is then followed by an overview of the sippy cups market and provides the definition of the sippy cups market and an analysis of the drivers, restraints, opportunities and key trends in the market. The sections that follow include an analysis of the global sippy cups market by product type, source, end use, sales channel and country-level analysis.
On the basis of product type, the global sippy cups market is segmented into soft-spout cups, hard-spout cups, straw cups and spout-less cups. The global sippy cups market is further segmented on the basis of source. The source segment includes plastic, glass, stainless steel and other sources, which include fabric, cotton etc. The global sippy cups market is also segmented on the basis of potential end users as 0-12 months, 12-18 months, 18-24 months and 2 years & above. On the basis of sales channel, the global sippy cups market is on the basis of distribution which includes segmented into supermarket/hypermarket, convenience store, specialty store and online store.
All the above sections evaluate the market on the basis of various factors affecting the market, covering the present scenario as well as the future prospects. For market data analysis, the report considers 2016 as the base year, with market numbers estimated for 2018 and forecast made for 2018–2027. All the segmentation of the sippy cups market has been considered after appropriate secondary research and the revalidation of data obtained through interviews with key thought leaders in the industry. The market has been forecast based on constant currency rates.
The next section of the report highlights the market by region and provides the market outlook for 2017–2027. The study investigates the regional Year-on-Year (Y-o-Y) growth of the sippy cups market. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan. The report evaluates the present scenario as well as the growth prospects of the regional market for 2018–2027.
The sippy cups market numbers have been assessed based on the sales as well as the weighted average pricing by nature and by product type. The aggregate revenue is derived through the weighted average country pricing trends. The sippy cups market size and forecast for each segment has been provided in the context of the country. The sippy cups market has been analysed based on the expected demand and the current spending scenario. The prices considered for the calculation of revenue are the average country prices obtained through primary quotes from numerous regional manufacturers, suppliers and distributors of sippy cups. All the key product types have been considered on the basis of secondary sources, i.e. OECD, UN data and feedback from primary respondents. Country-wise demand patterns have been considered while estimating the consumption of sippy cups across various regions. The sippy cups market numbers for all the regions by product type, base material, end use and distribution channel have been derived using the bottom-up approach, which is the sum total of the demand from each country. The company-level market share of the sippy cups market has been derived on the basis of the revenues reported by key manufacturers. The sippy cups market has been forecast based on constant currency rates. Given the characteristics of the market, we have triangulated the outcome on the basis of three different types of analysis: based on supply side, demand side analysis for sippy cups and the impact of macro-economic factors on the sippy cups market. In addition, it is imperative to note that, in a fluctuating global economy, we not only conduct market forecasts in terms of Compound Annual Growth Rate (CAGR), but also analyse the market based on key parameters, such as Y-o-Y growth rates, to understand the predictability of the sippy cups market and identify the right opportunities for players.
The market segments for the global sippy cups market have been analysed in terms of Basis Point Share (BPS) to understand the relative contributions of each segment to market growth. This detailed level of information is important for identifying the various key trends in the sippy cups market. Another key feature of this report is the analysis the market in terms of absolute dollar opportunity represented by the sales of sippy cups. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve as well as to identify the lucrative segments. The overall absolute dollar opportunity represented by the sippy cups market is mentioned in the report. To understand key growth segments in terms of the growth and adoption for sippy cups in global market, FMI developed the market ‘Attractiveness Index.’ The resulting index is expected to help providers identify real market opportunities. A number of primary and secondary sources were referred during the course of the study. Some of the secondary sources include IMF, World Bank, Hoovers, Factiva, the annual reports of companies and government associations & publications.
In the final section of the report on the sippy cups market, a ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution to the total sippy cups market. Moreover, it is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a segment in the sippy cups market. Report audiences can gain segment-specific manufacturer insights to identify and evaluate their key competitors in the sippy cups market. Detailed profiles of companies are also included in the report to evaluate their strategies, key product offerings and recent developments. Some of the key players of the global sippy cups market include Koninklijke Philips N.V.; Lollaland; Munchkin, Inc.; NUK USA LLC (Nestle SA); MAM USA Corporation; Ingeniri LLC (nuSpin Kids); Mayborn USA Inc.; ZoLi Inc.; Richell Corporation; Thermos LLC; Dr. Brown's; Combi Corporation; Lifefactory, Inc.; Pigeon Corporation; Lansinoh Laboratories, Inc.; Gerber (Nestlé S.A.); The First Years Inc.; Playtex; Rhshine Babycare; Peek-A-Boo Group and Twistshake of Sweden AB.