According to a new report, published by KBV research, The Global Baby Bottle Warmer And Sterilizer Market size is expected to reach $206 million by 2027, rising at a market growth of 4.3% CAGR during the forecast period.
The Baby Bottle Warmers segment acquired maximum revenue in the Global Baby Bottle Warmer And Sterilizer Market by Product in 2020, thereby, achieving a market value of $108.2 million by 2027. Baby bottle warmers are becoming more popular because they heat the bottles quickly as well as dry them off rapidly after each use, making them a consumer device. Furthermore, several bottle warmers are programmed and may be turned on and off according to the demands of the user. Adoption of these advanced techniques is also a major impetus for expanding acceptance among tech-savvy and time-pressed parents. In order to have a longer product life duration, buyers are more inclined to purchase corrosion-resistant, high-grade steel, and 100% recyclable product. These features are boosting the growth of the segment.
The Online market is showcasing a CAGR of 5% during (2021 - 2027). The increased familiarity and dependence of generation X, millennials, and generation Z on the web & e-commerce can be attributed to the segment's growth. Several characteristics, including value-added solutions such as cash-on-delivery, discounted prices, and paybacks provided by e-commerce are expected to enhance the online channel's growth of the baby bottle warmer and sterilizer.
The North America market dominated the Global Baby Bottle Warmer And Sterilizer Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $70.2 million by 2027. The Europe market is estimated to grow at a CAGR of 3.9% during (2021 - 2027). Additionally, The Asia Pacific market would exhibit a CAGR of 4.8% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/baby-bottle-warmer-and-sterilizer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Koninklijke Philips N.V., Pigeon Corporation (Lansinoh Laboratories), Summer Infant, Inc., Richell Corporation, Munchkin, Inc., Baby Brezza, Artsana Group, Handi-Craft Company, and Mayborn Group Limited.
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