QY Research has published a new research study on the global bottle warmer market, titled “Global Bottle Warmer Market Report, History and Forecast 2014-2025.” The report offers comprehensive analysis of the growth trajectory and gives accurate outlook of the global market for the forecast period 2019-2025. According to the report, the global market value is foretold to increase to US$86 Mn by 2025 from US$70 Mn reached in 2018. The global market is expected to grow at a sluggish CAGR of 3.0%.
The global bottle warmer market shows a continued moderate single-digital growth while expanding at a gradually slow neonatal growth rate. The demand in the global market is predicted to increase from the demand side.
Global Bottle Warmer Market: Drivers
Besides the common application of keeping the water warm in bottles, the need to maintain the recommended temperature of infant formula and milk in feeding bottles is expected to increase the demand for bottle warmer. The use of bottle warmer for sterilization purpose could be another important driver of the global market. The feature of smart connectivity provided with bottle warmers is one of the growing trends observed in the global market.
Continuous technological innovation and strong emphasis on product development, on the other hand, are foreseen to fuel the growth of the global bottle warmer market. For the premiumization of products, manufacturers are stressing on the extension of their portfolios and technological development. The introduction of smart connectivity in bottle warmer is a good example of technological advancement in the global market. This feature allows users to monitor and control bottle warmers from anywhere in their homes. Users can also receive alerts on their smartphones with the use of the feature.
Global Bottle Warmer Market: Segmental Analysis
The global bottle warmer market is segmented as per product and application. The report includes analysis of three product segments, viz. travel bottle warmers, portable bottle warmers, and countertop bottle warmers. There are two applications studied in the report, i.e. travel use and at-home use.
Global Bottle Warmer Market: Geographical Study
For this research study, the analysts have considered key regions such as the MEA, South America, North America, Asia Pacific, and Europe. In the near future, South America, Southeast Asia, and Africa are anticipated to gain prominence in the global bottle warmer market. China, Europe, and the US are among the important markets in terms of consumption.
Global Bottle Warmer Market: Leading Manufacturers
The presence of a significant count of companies in the global bottle warmer market is projected to make the competitive landscape fragmented. There are a number of manufacturers operating in the global market from the supply side. Major players of the global market are prophesied to face challenges as the competition grows intense. There are six leading manufacturers that account for a sizable collective share of the global market.
Chicco, Cuisinart, Pigeon, MAM, Munchkin, Kiinde, Handi-Craft (Dr. Brown’s), Tommee Tippee, and Philips are some of the key players of the global market. Other popular companies are Haier, NGVI, SnowBear, BambinOz, Boon Orb, Jargeon (Snug), Gland, and Beibeiya.
Full Report Overview@ https://www.qyresearch.com/index/detail/1076677/global-bottle-warmer-market