Enjoy complimentary customisation on priority with our Enterprise License!
The formula milk dispenser machines market size is forecast to increase by USD 1,020 million, at a CAGR of 11.28% between 2023 and 2028. The growth of the market depends on several factors such as the increase in the adoption and promotion of formula milk, the increasing launches of new formula milk dispenser machines, and the rise in the number of working women
The research report on the Formula Milk Dispenser Machines Market offers industry forecasts and segmentation based on Type which comprises manual formula milk dispenser machines and smart formula milk dispenser machines. It also segments the market by Distribution Channel, which includes offline and online. Geographically, the report covers North America, Europe, APAC, Middle East and Africa, and South America. The market size, historical data for 2018-2022, and future forecasts are presented in terms of value (in USD million) for all these mentioned segments.
For More Highlights About this Report, Download Free Sample in a Minute
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increase in the adoption and promotion of formula milk is notably driving the market growth. Hectic lifestyle and unhealthy eating habits have led to improper health conditions in mothers, which consequently affects the quality of breast milk. This has made it difficult for a new mother to breastfeed her children. This unhealthy lifestyle has disrupted breastfeeding by new mothers. Many lactating mothers, particularly working women and others who are in single-parent households, are opting for formula milk for newborns instead of breast milk.
Moreover, the companies operating in the baby food and baby products industry are regularly introducing lactoferrin products such as baby formula milk. This formula milk, enriched with lactoferrin, can be stored for a longer duration after it's prepared. Such formula milk is claimed by vendors to be equally healthy and nutritious as breast milk, addressing specific nutritional needs of infants. This increased adoption of lactoferrin-enriched formula milk will grow the need for formula milk dispenser machines, hence fueling the global formula milk dispenser machines market during the forecast period. The incorporation of lactoferrin highlights a trend towards enhancing the health benefits of formula milk, aligning with consumer preferences for nutritious and convenient infant feeding solutions.
Growing online sales of formula milk dispenser machines is an emerging trend shaping the market growth. The number of e-commerce players in the global market is increasing substantially. These e-commerce players are offering a wide range of baby products that include formula milk dispenser machines and have further increased the demand for these products. Online shopping via smart devices such as smartphones is also gaining popularity over the past five years.
However, apart from pure e-commerce players, such as Amazon, the online distribution channel of stores such as Target and Walmart is also growing considerably across the world. Thus, growing online sales of formula milk dispenser machines will drive the market during the forecast period.
Increasing awareness about the benefits of breast milk is a significant challenge hindering market growth. The awareness amongst women of the benefits associated with breastfeeding is growing rapidly across the globe. Doctors and health practitioners are also encouraging new mothers to breastfeed their babies until one year after the child is born. It is witnessed that children who are breastfed for a year after birth are more resistant to various diseases and are more likely to stay healthy later in their lives. The awareness activities to promote breastfeeding are also growing rapidly across the globe, especially in emerging economies. st cancer, diabetes, heart disease, osteoporosis, and ovarian cancer.
Additionally, the American Academy of Pediatrics is highly endorsing the practice of breastfeeding at least till the age of six months, which isolates the possibility of different kinds of food contamination leading to several diseases in newborns. Although formula food is considered a good supplement for breast milk, as it carries the nutrients present in breast milk, it cannot completely replace breast milk. This growing awareness and preference for feeding breast milk among mothers globally would further hamper the growth of the formula milk dispenser machines market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Formula Milk Dispenser Machines Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 13 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The manual formula milk dispenser machines segment is estimated to witness significant growth during the forecast period. Formula milk dispenser machines mix powdered infant formula with water at the right temperature and consistency. This eliminates the need to check the temperature of the infant formula. These formula milk dispenser machine products help parents prepare baby bottles in less than a minute, thereby saving time.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.