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Breastfeeding Accessories Market Size to Reach USD 3.64 Billion by 2032 growing at 7.9% CAGR - Exclusive Report by Acumen Research and Consulting

28 Jul 2024
ARC
Healthcare and Pharmaceuticals

The Breastfeeding Accessories Market, valued at USD 1.85 Billion in 2023, is anticipated to surpass USD 3.64 Billion by 2032, reflecting a projected CAGR of 7.9%

The increasing trend of working women using breast milk replacements might slow down the growth of the breastfeeding accessories market since some women use formula because it is convenient and cheaper. Another disadvantage of the market is that the replacement cost of the breastfeeding accessories is relatively high. But, higher incidence of breastfeeding due to improved health consciousness and supportive policies like long maternity leave and breast feeding breaks will help to increase demand. Also, the increasing global population, birth rates, and the number of women employed globally poses a massive opportunity for the breastfeeding accessories market since many employed women require products that will enable them to breastfeed their children while working.

Breastfeeding Accessories Market Statistics

Also, the presence of a favorable compensation scenario for breast pumps has increased the usage of breastfeeding accessories market across the globe. The demand for breastfeeding accessories such as breast milk pumps and other accessories will escalate over the coming years. Also, the marketing campaigns commenced by milk formula manufacturers have augmented the adoption of breast milk storage, low cost and disposable nature that will further encourage the demand for breastfeeding alternatives.

Also, the rise in disposable income and varieties of breastfeeding accessories is expected to propel the growth of breastfeeding accessories market. Moreover, the key manufacturers in the breastfeeding accessories market are focused on continuous product innovation strategy in order to expand their product offerings to compete with other players and strengthen its foothold in the global breastfeeding accessories market. The global market is driven by various awareness campaigns regarding breastfeeding accessories. For instance, Medela Breastfeeding and Lactation Conference were held with an objective to improve knowledge and awareness related to human milk and breastfeeding.

Breastfeeding Accessories Market Statistics

  • In 2023, the global breastfeeding accessories market was valued at USD 1.85 billion
  • The market is expected to grow at a stable annual pace of 7.9% from 2024 to 2032
  • The North America area accounts for 42% of the breastfeeding accessories market
  • Asia-Pacific is increasing at a CAGR of 8.6% in the breastfeeding accessories market
  • The breastfeeding pumps product segment generates the largest income
  • The personal use application sector has notably contributed to revenue growth
  • Technological advancements in breast pumps and monitoring tools opens up new opportunities for participation

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Breastfeeding Accessories Market Dynamics

Expansion into Emerging Markets Fuels the Breastfeeding Accessories Market Growth

Expansion into emerging markets represents a significant growth opportunity in the breastfeeding accessories market. In regions such as Asia-Pacific and Latin America, where disposable income levels are rising, and healthcare infrastructure is improving, the demand for breastfeeding products is expected to grow. Increasing urbanization and the adoption of modern lifestyles are also driving the need for breastfeeding accessories that offer convenience for working mothers.

Moreover, government programs and international organizations promoting breastfeeding in developing nations create a fertile environment for the market’s growth. Educational campaigns that inform women about the importance of breastfeeding are gaining traction, leading to a surge in the demand for products that facilitate the process. As these markets continue to develop, companies that establish a strong presence early on by offering affordable, quality breastfeeding accessories will likely reap significant rewards.

By focusing on localized distribution networks and culturally relevant marketing strategies, companies can effectively tap into these markets, positioning themselves as leaders in regions with high growth potential.

Technological Advancements in Breastfeeding Products Offers Significant Breastfeeding Accessories Market Opportunities

The breastfeeding accessories market presents a substantial opportunity for growth through technological advancements. Innovations such as smart breast pumps, equipped with connectivity features and mobile applications, allow mothers to monitor and optimize their breastfeeding patterns. This technology-driven approach enables users to track milk production, feeding schedules, and other critical data, making the breastfeeding process more efficient and personalized. Such features appeal to the tech-savvy demographic of new mothers who value convenience, precision, and real-time feedback in their parenting practices.

Additionally, product development focused on improving the comfort and efficiency of breastfeeding accessories presents further market potential. For instance, advancements in pump technology that minimize discomfort or make devices more portable are likely to attract a larger consumer base. Companies investing in research and development to create accessories that address the pain points associated with breastfeeding will find opportunities to capture significant market share. As these innovations become more accessible and affordable, they can contribute to long-term market growth by enhancing user satisfaction and supporting the sustained use of breastfeeding accessories.

Breastfeeding Accessories Market Segmentation

The worldwide breastfeeding accessories market is splits into 3 segments: product, application, and regional markets

  • Product: breastfeeding pumps, breast milk preparation & cleaning products, nipple care products, baby scales, breast milk storage & feeding, breast shells, breast pads, and other accessories
  • Application: hospital grade, and personal use
  • Regional: Europe the Middle East & Africa, Latin America, North America,  and Asia-Pacific

Breastfeeding Accessories Market Regional Outlook

Asia-Pacific is emerging as a rapidly expanding market for breastfeeding accessories, owing to rising urbanization, rising disposable income, and increased awareness of baby health. Countries such as China, Japan, and India are experiencing increased demand for breastfeeding items as working mothers seek more accessible ways to continue breastfeeding. Furthermore, official programs in some countries to promote breastfeeding are boosting market growth. The growing number of private healthcare facilities, as well as the increased adoption of innovative healthcare technology, all helps to drive regional market growth.

Breastfeeding Accessories Market Players

Breastfeeding accessories companies profiled in the report include Ameda, Inc., Willow Innovations, Inc., Medela AG, Chiaro Technology Limited, Pigeon Corporation, Koninklijke Philips N.V., Lavie Mom, Mayborn Group Limited, Spectra Baby, and Motif Medical.

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