Over the past few years, the demand for infant formula has been increasing steadily worldwide. A large number of lactating mothers, especially working women in single-parent houses, are opting for infant formula for their babies as a replacement for breast milk. The rising number of women in the workforce, hectic work schedules, and lack of workplace support for breastfeeding are making it difficult for new mothers to breastfeed their babies. A growing number of mothers who are either unable to breastfeed or choose not to is also driving the demand for infant formula and, consequently, for baby-feeding bottles.
Over the past few years, the participation of women in the workforce has been rising worldwide, attributable to the rising social and economic possibilities available to them. According to World Bank data, women make up almost 47% of the global workforce as of 2022. This trend, combined with the challenges associated with breastfeeding at workplaces, has negatively impacted the rate of breastfeeding and has, in turn, increased the demand for breast milk substitutes. Factors such as inadequate breastfeeding breaks, unaffordable infant care, and insufficient facilities for breastfeeding, milk storing, and pumping at workplaces have been forcing new mothers to shift to infant formula.
Fertility rates have been declining in countries around the world. According to World Population Prospects 2022, the average birth rate per woman over a lifetime was 2.3 worldwide in 2021. More economically developed nations like Australia, the majority of Europe, and South Korea typically have lower rates than less low-income countries, with this rate being roughly half of what it was in 1950 (5 births). This can be attributed to rapid urbanization and immigration from rural areas to cities, according to a report by The Economist Intelligence Unit (EIU). These trends have increased the cost of housing and raising children. Furthermore, the shifting focus from quantity to quality has emphasized raising fewer children and providing them with a better quality of life. This ongoing trend could hamper the demand for baby products, including baby bottles, soon.
This section will provide insights into the contents included in this baby bottle market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Market drivers and restraints
Key market opportunities prioritized
Latest strategic developments
Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance
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