New York, March 29, 2023 (GLOBE NEWSWIRE) -- The global baby nipples/teats market is valued at US$ 1.79 billion in 2023 and is predicted to expand at a CAGR of 5.4% from 2023 to 2033, according to the latest industry report by Persistence Market Research. Baby Nipples/Teats Market to top a Revenue of US$ 3 billion by the end of 2033.
Manufacturers of baby nipples/teats are in a highly competitive landscape and they are consistently innovating their products to gain an advantage over their rivals. Introducing novel features and benefits such as anti-colic characteristics or distinctive shapes and textures can stimulate product demand and attract consumers.
The baby nipples/teats market is exhibiting a rise in customization, with manufacturers providing various shapes, sizes, and colors to cater to consumers’ specific requirements. Customization can also aid in distinguishing products in a market that is highly competitive and saturated. Online sales channels, such as e-Commerce websites and mobile apps, are becoming an increasingly popular way for parents to purchase baby products. Manufacturers are expanding their online presence to cater to this growing trend and make their products accessible to more consumers.
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Key Takeaways from Market Study
- The global baby nipples/teats market is expected to grow significantly over the decade due to increasing birth rates and rising disposable incomes.
- Silicone baby nipples/teats are gaining popularity due to their durability, flexibility, and ease of cleaning. They are also considered safer and more hygienic than latex-based nipples/teats.
- The Asia Pacific region is expected to account for a leading share of the global market due to rising disposable incomes in countries such as China and India.
- Online retailers and e-Commerce platforms are becoming popular distribution channels for baby nipples/teats due to their convenience and accessibility aspects.
“Demand for baby nipples/teats is increasing due to the growing number of working women who find it difficult to continue breastfeeding for extended periods and opt for bottle-feeding,” says an analyst at Persistence Market Research.
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Key Market Players
The report underlines groundbreaking insights into the competitive scenario of the global baby nipples/teats market, along with the highlights of differential strategies used by manufacturers.
Some of the key players identified across the value chain are Koninklijke Philips N.V., Newell Brands, Abbott Laboratories, Pigeon, Hegen, Chicco, Mayborn Group, Medela AG, Pigeon Corporation, Ninio Baby, Mee, Suavinex, and Vital Innovations Ltd.
Know More about Report Inclusions
Persistence Market Research published a new market report on the global baby nipples/teats market, covering global industry analysis for 2018 to 2022 and forecast factors for 2023 to 2033. This research report provides compelling insights on the basis of product type, flow type, material, age group, packaging, sales channel, and region.
The report also includes forecast factors and vital macroeconomic factors that are anticipated to boost the growth of the global market. It also addresses the restraints that are projected to hinder market growth, along with the latest trends and potential opportunities in the market.
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For additional information on how the baby nipples/teats market will shape up in the near future, write to the team of expert research analysts at media@persistencemarketresearch.com
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