Breastfeeding Accessories Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s breastfeeding accessories market report forecasts the breastfeeding accessories market size to grow to $2.41 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.
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Breastfeeding Accessories Market Size Forecast
The global breastfeeding accessories market is expected to grow from $1.60 billion in 2022 to $1.75 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global breastfeeding accessories market size is expected to reach $2.41 billion in 2027 at a CAGR of 8.3%.
North America held the largest breastfeeding accessories market share.
Key Breastfeeding Accessories Market Driver – Increase In Childbirth Rate
According to the CDC (Centre for Disease Control and Prevention), a US-based federal organisation, there were 3.66 million births in the United States in 2021, up from 3.61 million in 2020. Furthermore, according to Statistics Canada, a government body based in Canada, there will be 367,684 births in Canada in 2021, a 2% rise from 360,552 in 2020. As a result, the rising childbirth rate will drive future growth in the breastfeeding accessories industry.
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Key Breastfeeding Accessories Market Trend – Technological Advancement
To maintain their market position, major firms in the nursing accessories industry are implementing innovative technology. For example, Medela AG, a Swiss manufacturer of breast pumps and breastfeeding equipment, will introduce new maxflow technology in August 2020. a technology allows for the creation of a revolutionary twin electric breast pump for individual use. This breast pump uses micro vibrations to promote milk flow and provide excellent performance. It is a closed-system pump with ten pre-programmed Hoover settings and simple, basic operation. It’s also incredibly flexible, with oval-shaped breast shields that are moulded around for extra comfort.
Breastfeeding Accessories Market Segment
1) By Product Type: Nipple Care Products, Breast Shells, Breast Scales, Breast Pads, Breastmilk Preparation And Cleaning Products, Breastmilk Storage And Feeding
2) By Distribution Channel: Offline, Online
3) By End User: Hospitals, Clinics, Personal
Breastfeeding Accessories Market Major Players and Strategies
Major players in the breastfeeding accessories market are Koninklijke Philips N.V, Mayborn Group Limited, Medela AG, Pigeon Corporation, Linco Baby Merchandise Works Co Ltd., Artsana Group, Bailey Medical Center, Mama’s Milk Wrap LLC, Alle Rechte Vorbehalten, Ameda Inc., Dongguan Daxin Rubber Electronic Co Ltd., Newell Brands, Edgewell Personal Care Company, Handicraft Company (Dr. Brown’s Baby), and Nuby Baby Products.
Neotech Products LLC, a medical device manufacturer based in the United States, purchased Laally Bridge for an undisclosed sum in February 2023. Neotech Products LLC. plans to offer a silicone nipple cover with a built-in channel that links to a syringe that can hold and administer breastmilk or formula with this acquisition. Laally Bridge Company is a commercial breastfeeding support device maker based in the United States.
The Breastfeeding Accessories Global Market Report 2023 covers regional data on breastfeeding accessories market size, breastfeeding accessories market trends and drivers, opportunities, strategies, and breastfeeding accessories market competitor analysis. The countries covered in the breastfeeding accessories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Breastfeeding accessories are items used for collecting and storing breast milk. They can be used to bring out flat or inverted nipples so that a nursing baby can latch on more easily, to relieve engorged breasts and clogged milk ducts, or to maintain or increase a woman’s milk production.
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