Breastfeeding Accessories Market Size Worth $3.90 Billion By 2030: Grand View Research, Inc.
SAN FRANCISCO, Oct. 12, 2022 /PRNewswire/ -- The global breastfeeding accessories market size is expected to reach USD 3.90 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.45% from 2022 to 2030. An increasing women's employment rate is expected to surge the demand for breastfeeding accessories, thereby propelling the market growth. For instance, according to the data from the World Bank and the International Labor Organization, 55% of women in the U.S. are employed, whereas this number increases in the U.K. with 59% women employability. Working women are more likely to purchase breastfeeding accessories, thus, with a surge in the women's employment rate, the market is expected to grow over the forecast period.
Key Industry Insights & Findings from the report:
- Based on product, the breastmilk storage and feeding segment dominated the market with a share of over 15.0% in 2021 owing to an increase in the women's employment rate.
- The postpartum recovery accessories product segment is expected to register the fastest growth rate over the forecast period. An increase in the number of births is anticipated to have a significant impact on the use of postpartum recovery accessories.
- Asia Pacific held the largest revenue share of over 40.0% in 2021 owing to the presence of a large target population and an increase in the birth rate.
Browse Breast Pump and Breastfeeding Accessories Industry Data Book - Breast Pump, Wearable Breast Pump & Breastfeeding Accessories Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030
Breastfeeding Accessories Market Growth & Trends
Moreover, there has been a rise in the global birth rate. For instance, as per the latest report by the International Institute of Sustainable Development (IISD), the global fertility rate has touched 2.3 births per woman, which is well above the replacement rate. Similarly, there has been an increase in the number of milk banks across the globe. For instance, as per the European Milk Bank Association, there are 280 active milk banks in Europe. Likewise, according to the International Breastfeeding Journal, there were 80 milk banks in India as of 2020. Thus, with the establishment of milk banks globally, the market is anticipated to witness growth during the forecast period.
Furthermore, with the introduction of the COVID-19 vaccine and the lifting of lockdown impositions, the market may witness considerable growth over the forecast period. This can be attributed to the opening of offices globally and the initiation of work from office or hybrid work settings. For instance, Microsoft has given their employees 30 days to shift towards a new pattern of hybrid working setting, which has started from February 2022. Furthermore, many market players are initiating strategies such as product launches, partnerships, collaboration, and awareness campaigns to expand their reach. For instance, various market players such as Medela LLC and Laura & Co. are increasing awareness among the target population by arranging programs and distributing magazines. Thus, the aforementioned factors may help the market grow over the forecast period.
Breastfeeding Accessories Market Segmentation
Grand View Research has segmented the global breastfeeding accessories market on the basis of product and region:
Breastfeeding Accessories Market - Product Outlook (Revenue, USD Million, 2018 - 2030)
- Nipple Care Products
- Breast Shells
- Breast Pads
- Breastmilk Preparation and Cleaning Products
- Breastmilk Storage and Feeding
o Coolers
o Others - Perineal Cooling Pads
- Breast Heating Pads
- Breast Cooling Pads
- Baby Weighing Scales
- Maternity/Nursing Bras
- Nursing Tank Tops
- Lactation Massager
- Breast Pump Carry/Tote Bags
- Postpartum Recovery Accessories
o Disposable Gowns
o Nursing Pillow
o Others
Breastfeeding Accessories Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
o U.S.
o Canada - Europe
o U.K.
o Germany
o France
o Italy
o Spain - Asia Pacific
o China
o Japan
o India
o South Korea
o Australia - Latin America
o Brazil
o Mexico
o Colombia
o Argentina - Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
List of Key Players in Breastfeeding Accessories Market
- Medela AG
- Ameda, Inc.
- Willow Innovations, Inc.
- Koninklijke Philips N.V.
- Chiaro Technology Limited
- Pigeon Corporation
- Spectra Baby
- Lavie Mom
- Motif Medical
- Mayborn Group Limited
Check out more related studies published by Grand View Research:
- Postpartum Products Market - The global postpartum products market size is expected to reach USD 3.44 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. A rise in the pregnancy rate globally is expected to boost the demand for postpartum products. These products help to deal with the physical changes of pregnant women post-pregnancy. However, the economic crisis caused by COVID-19 in many countries across the globe has led to a considerable decline in birth rates. For instance, a survey of the National Academy of Sciences in Europe showed that 73.0% of those planning to have a child in 2020 decided to delay or abandoned their plans entirely. This is expected to impact the market growth in the long term.
- Breast Implants Market - The global breast implants market size is anticipated to reach USD 4.11 billion by 2030, expanding at a CAGR of 7.4%, according to a new report by Grand View Research, Inc. increasing focus on the enhancement of physical appearance has led to the growth of the market.
- Women's Health Rehabilitation Products Market - The global women's health rehabilitation products market size is expected to reach USD 4.4 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness lucrative growth over the forecast period, owing to increasing prevalence of chronic diseases coupled with rising female geriatric population.
GVR has curated a list of micro markets to provide a holistic view of industry performance. We focus on critical applications and end-use to give all stakeholders a detailed perspective. The data books are available in interactive dashboards and services start at US$ 500 per month.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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