Global Breast Milk Storage Products Market Size, Share, and COVID-19 Impact Analysis, By Product (Bottles and Bags), By Sales Channel (Hospital Pharmacy (Inpatient), Retail Store, E-Commerce, Wholesaler/Distributor, and Direct Purchase), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Industry: Healthcare

RELEASE DATE Sep 2024
REPORT ID SI6413
PAGES 260
REPORT FORMAT PathSoft

Global Breast Milk Storage Products Market Insights Forecasts to 2033

  • The Global Breast Milk Storage Products Market Size was Valued at USD 457.9 Million in 2023
  • The Market Size is Growing at a CAGR of 8.28% from 2023 to 2033
  • The Worldwide Breast Milk Storage Products Market Size is Expected to Reach USD 1014.4 Million by 2033
  • Europe is Expected to Grow the fastest during the forecast period.

 

Global Breast Milk Storage Products Market

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The Breast Milk Storage Products Market Size is Anticipated to Exceed USD 1014.4 Million by 2033, Growing at a CAGR of 8.28% from 2023 to 2033.

 

Market Overview

Breast milk storage products are designed to deliver an efficient and hygienic method of preserving breast milk, allowing women to collect and save milk when they are unable to directly breastfeed or to save additional milk for later use. They are part of the larger nursing industry, which includes products including breast pumps, breastfeeding devices, and baby feeding bottles. The increased popularity of breast milk storage products among working women is expected to accelerate market trends. Increased government and organizational involvement in health initiatives related to breastfeeding and pregnancy may open up new business opportunities for some industries. Consumption of upscale breastfeeding accessories is going to increase because of trends towards late parenting. The breast milk storage products market will be significantly shaped in the coming years by technological advancements. For example, breast milk storage bags now have features including barcode scanning and QR code technology, which make it easier for women to track their progress and monitor temperature.

 

Report Coverage

This research report categorizes the market for the breast milk storage products market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the breast milk storage products market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the breast milk storage products Market.

 

Global Breast Milk Storage Products Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 457.9 Million
Forecast Period:2023 - 2033
Forecast Period CAGR 2023 - 2033 :8.28%
2033 Value Projection:USD 1014.4 Million
Historical Data for:2019 - 2022
No. of Pages:260
Tables, Charts & Figures:110
Segments covered:By Product, By Sales Channel, By Region
Companies covered:: Medela, Magento, Inc., Ardo Medical AG, Koninklijke Philips N.V., Ameda Inc., Babisil Products Co. Ltd., Brainbees Solutions Pvt. Ltd., Pigeon Corporation, Spectra Baby USA, LaVie Mom., Motif Medical, Mayborn Group Limited, Chicco, Lansinoh Laboratories Inc., Others, and
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, and Analysis

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Driving Factors

The growth of the breast milk storage products market is driven by the growing number of working women who require accessible breastfeeding solutions is the factor behind this growth. Due to the short length of maternity leaves, many breastfeeding mothers return to work soon after delivering birth, which increases the need for storage products and breast pumps.

 

Restraining Factors

The growth of the breast milk storage products market is constrained by milk quality and safety may be hindered by improper consumption resulting from a lack of understanding about proper preservation methods.

 

Market Segmentation

The breast milk storage products market share is classified into product and sales channels.

  • The bottle segment accounted for the largest revenue share over the forecast period.

Based on the product, the breast milk storage products market is categorized into bottles and bags. Among these, the bottle segment accounted for the largest revenue share over the forecast period. The purpose of this growth is that additional research and development and technology improvement are needed to find solutions for properly storing breast milk for as long as feasible. New bottle designs with improved functionality have been made possible by technical advancements. One such design is the breast milk integrity retaining design, which allows users to pump breast milk precisely into the bottle from the breast pump while preventing leaks, which is a significant convenience.

 

  • The hospital pharmacy (inpatient) segment is expected to hold a significant market share through the forecast period.

Based on the sales channel, the breast milk storage products market is categorized into hospital pharmacy (inpatient), retail store, e-commerce, wholesaler/distributor, and direct purchase. Among these, the hospital pharmacy (inpatient) segment is expected to hold a significant market share through the forecast period. The rising global birth rate and a rapid increase in new moms' need for after-delivery products are the main causes of this trend. Furthermore, hospital pharmacies are preferred sources for mothers' and children's products due to safety concerns.

 

Regional Segment Analysis of the Breast Milk Storage Products Market 

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the breast milk storage products market over the predicted timeframe.

 

Global Breast Milk Storage Products Market

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North America is projected to hold the largest share of the breast milk storage products market over the forecast period. This rise in demand for storage solutions to sustain nursing procedures is attributed to the rising number of working women and growing knowledge of the advantages of breastfeeding. The market in the region continues to grow rapidly due to supportive government policies and programs that promote breastfeeding and the creation of human milk banks throughout the region, which make it easier to gather, store, and give milk to sick or preterm children.

 

Europe is expected to grow at the fastest CAGR growth in the breast milk storage products market during the forecast period. The rise in demand for high-quality milk storage solutions among families is driven by the expansion of milk banks, which offer improved options for safe storage. The growing number of working women a greater focus on baby health and rising disposable incomes among consumers. The market is expanding considerably in the region as a result of these factors.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the breast milk storage products market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Medela
  • Magento, Inc.
  • Ardo Medical AG
  • Koninklijke Philips N.V.
  • Ameda Inc.
  • Babisil Products Co. Ltd.
  • Brainbees Solutions Pvt. Ltd.
  • Pigeon Corporation
  • Spectra Baby USA
  • LaVie Mom.
  • Motif Medical
  • Mayborn Group Limited
  • Chicco
  • Lansinoh Laboratories Inc.
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In February 2024, Medela announced a new smartwatch app that is intended to improve the breastfeeding experience for new parents. Better organization and support are made possible by the app, which helps parents track feeding schedules, keep a watch on breast milk storage, and get reminders.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the breast milk storage products market based on the below-mentioned segments: 

 

Global Breast Milk Storage Products Market, By Product

  • Bottles
  • Bags

 

Global Breast Milk Storage Products Market, By Sales Channel

  • Hospital Pharmacy (Inpatient)
  • Retail Store
  • E-Commerce
  • Wholesaler/Distributor
  • Direct Purchase

 

Global Breast Milk Storage Products Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa  

Frequently Asked Questions (FAQ)

  • 1.What is the CAGR of the global breast milk storage products market over the forecast period?
    The global breast milk storage products market is to expand at 8.28% during the forecast period.
  • 2.Which region is expected to hold the highest share of the global breast milk storage products market?
    The North America region is expected to hold the largest share of the global breast milk storage products market.
  • 3.Who are the top key players in the breast milk storage products market?
    The key players in the global breast milk storage products market are Medela, Magento, Inc., Ardo Medical AG, Koninklijke Philips N.V., Ameda Inc., Babisil Products Co. Ltd., Brainbees Solutions Pvt. Ltd., Pigeon Corporation, Spectra Baby USA, LaVie Mom., Motif Medical, Mayborn Group Limited, Chicco, Lansinoh Laboratories Inc., and others.

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