Various countries all over the world represents a significant potential and untapped market for various baby care products. With increasing awareness, uplifting income levels, and change in consumer behavior. Apart from this, huge population base in age group of 0-4 years and preferences of parents to spend more on baby products will further strengthen the demand for baby care products in the country. The global baby bottle sterilizer market has grown at a significant pace across the globe and is anticipated to expand at a significant CAGR during the forecast period. Increasing number of working women all bolstered the purchasing power, thus strengthening the sales of baby bottle sterilizers all over the world. Inclining awareness and the necessity for hassle free baby products have fostered the utilization of new BPA free baby bottle sterilizers. The market is anticipated to exhibit substantial potential over the period 2016-2022.
The decreasing infant mortality rate is the primary driver for the growth of the baby bottle market. According to the World Bank data, the global infant mortality rate has reduced to 33% during 2013. Improved health care facilities have also aided in the gradual decrease in the infant mortality rate. Technavio’s market research analyst projects the baby bottle market to reach around USD 2822 million by the end of 2019.
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