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SAN FRANCISCO , Nov. 24, 2021 /PRNewswire/ -- The global baby bottle warmer and sterilizer market size is expected to reach USD 210.9 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.7% from 2021 to 2028. Ease of portability of the product and no requirement of liquid disinfectants are major factors influencing consumers' purchasing decisions, especially in this pandemic time. Bottle warmers and sterilizers are acting as major substitutes for manually heating, using wipes, and water. Manufacturers are focusing on producing advanced versions with improved features and better materials due to the growing demand for baby feeding products, including bottles. Furthermore, rising disposable income and increasing penetration of hypermarkets and supermarkets, drug and pharmacy stores, and online platforms for e-tailing are expected to expand the scope of the product over the forecast period.
Read 80 page market research report, "Baby Bottle Warmer And Sterilizer Market Size, Share & Trends Analysis Report By Product (Baby Bottle Warmers, Baby Bottle Sterilizers), By Distribution Channel, By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research
Companies in the market are increasingly focusing on social media marketing and offering discounts on the e-commerce platform in order to gain a greater market share. They are also increasingly focusing on advertising in order to boost product visibility and acquire market share over the forecast period. Furthermore, the recent outbreak of coronavirus disease (Covid-19) is expected to act as a major driver for the market from 2020 to 2021. These travel wands are estimated to gain popularity over the forecast period owing to the introduction of new products with trendy designs and features. Growing awareness among consumers is acting as a major driver for the increase in product adoption.
Manufacturers are increasingly focusing on the Asia Pacific region as high demand is expected from countries such as China and India . In China , the market is expected to gain significant profit from the easing of the one-child policy, which was amended in 2016. The consumption of baby bottles is expected to increase in the country in the coming years due to the emerging group of affluent parents, who prefer quality over price.
The growing number of tech-savvy consumers and the increasing variety of goods available on online platforms are the major factors expected to favor the growth of the online channel in the coming years. Moreover, the increasing presence of online retailers such as Amazon, FirstCry, and Walmart is expected to favor online sales of baby accessories.
As online marketplaces are changing the way customers shop, retailers, manufacturers, and local producers are expected to adjust to the digital sales expansion. To capitalize on the opportunities presented by online retail, business professionals must be well-versed with the latest trends and technologies.
Grand View Research has segmented the global baby bottle warmers and sterilizers market on the basis of product, distribution channel, and region:
List of Key Players of Baby Bottle Warmer And Sterilizer Market
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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.
Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: https://www.grandviewresearch.com Follow Us: LinkedIn | Twitter
SOURCE Grand View Research, Inc.
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