Global Breastfeeding Accessories Market is set to witness massive growth between 2023 and 2032, primarily owing to the favorable policies that promote breastfeeding, especially in developing countries.
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Besides, the key providers in the breastfeeding accessories market are seeking to strengthen the market position by expanding their existing portfolios and entering into acquisitions and mergers. To cite an instance, in November 2022, Medela, a leading supplier of breastfeeding accessories, announced expanding its product range through the latest launch of its Freestyle™ Hands-free Breast Pump. The recent revelation would enable the firm to enter the wearable breast pump segment. As per Medela officials, the pump maximizes milk flow and increases comfort.
Overall, the breastfeeding accessories market has been segmented in terms of product, application, and region.
On the basis of product, the market is likely to be characterized by the breast milk storage bags segment, which is anticipated to reach more than USD 530 million in terms of valuation in the next ten years. The growth of this segment can be accredited to the increasing requirement for safe storage of breast milk for a long time period. Besides, the easy availability of breast milk storage bags on popular e-commerce sites will also fuel the market demand.
In addition, to cater to the current market trend of sustainability, firms are attempting to expand their product variants, which will add impetus to the breast milk storage bags market expansion. For instance, in January 2023, Junobie announced developing eco-friendly breast milk storage bags. According to a company representative, the breast milk storage bags are plastic-free, dishwasher-safe, and can also easily fit in the freezer.
In terms of application, the hospital grade segment is set to experience robust growth during 2023-2032, due to growing number of child births in hospitals. It has been revealed that more than 98% of pregnant women give birth in hospitals. Besides, an increasing number of women who are unable to produce enough breast milk are becoming more dependent on technologically advanced hospital-grade breastfeeding accessories, which will spur the market demand.
In the regional context, the LATAM breastfeeding accessories market is set to grow at more than 7% CAGR over 2023-2032. This growth can be credited to the increasing population in the region and the rising trend of medical tourism. Medical tourism in the Latin American continent is expanding due to the quality and affordability of medical care and the availability of tourist attraction sites. Besides, patients from countries including the UK and the U.S.A. also prefer Latin America for cosmetic surgeries, complex orthopedic procedures, and heart surgeries.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology
1.1 Methodology
1.2 Market scope & definitions
1.3 Base estimates and calculations
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 MEA
1.4 Forecast calculations
1.5 Data validation
1.6 Data sources
1.6.1 Primary
1.6.2 Secondary
1.6.2.1 Paid sources
1.6.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Breastfeeding accessories industry 3600 synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
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The overall breastfeeding accessories market size was regarded at USD 1.41 billion out of 2018 and is depended upon to enroll a CAGR of 7.8% over the measured period.
For instance, as indicated by the International Labor Organization, female specialists in emerging countries have extended to 45.6% in 2018 when stood out from the previous years.
In addition, regions like the Arab States, Eastern Asia, and Eastern Europe saw a climb in female work to 18.9%, 59.1%, and 51.8% separately in 2018.
In addition, diminishing baby death rate, improving medical services' framework in arising economies, and the expanding number of milk banks are expected to drive the market.
Steady drives embraced by the legislatures across a few districts are likewise expected to add to the market development over the course of the following, not many years.
Additionally, an ascent in the number of working ladies is required to support the interest for this frill, particularly bosom milk stockpiling and taking care of items.
