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The formula milk dispenser machines market size is estimated to grow at a CAGR of 11.19% between 2023 and 2028. The market size is forecast to increase by USD 1.01 billion.The market is categorized based on, Type, and Distribution Channel. Within the Type Segment, the Manual formula milk dispenser machines sub-category represented the largest value, amounting to USD 596.2 million in 2018.The growing awareness in the population of developing nations is leading to a drastic increase in the use of products and brands of formula milk dispenser machines, that are available in the market, and this is due to the appreciably rising internet penetration in these countries. This extended awareness about brands and products has led to a large change in customer buying power in these countries. These factors are set to grow of market. The market size, historical data (2018-2022), and future forecasts are presented in terms of value USD million for all these mentioned segments.
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The increase in adoption and promotion of formula milk is notably driving 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.
Companies operating in the baby food and baby products industry are regularly introducing baby formula milk. This formula milk 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. This increased adoption of formula milk will grow the need for formula milk dispenser machines, hence fueling the global formula milk dispenser machines market during the forecast period.
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. This is due to the high penetration of internet services, improving economy, and upgradation of purchase and delivery services coupled with the growing e-commerce industry.
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 in focus 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. Most doctors and lactation consultants always advise parents to breastfeed babies. The American Academy of Pediatrics (AAP) also recognizes breastmilk as the best nutrition for babies.
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 global formula milk dispenser machines market during the forecast period.
The market research report analysis 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.
Babymoov - The company offers formula milk dispenser machines such as Formula Pro Advanced, this formula mixer automatically makes a warm, formula bottle instantly.
The research report also includes detailed analyses of the competitive landscape of the market and information about 8 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. Using a bottle preparation appliance also allows people to figure out the right portion control for the baby in advance.
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The developing web penetration has empowered customers to attain global manufacturers and enhanced focus in countries such as China, India, and Thailand. These nations dock huge potential for products such as formula milk dispenser machines, owing to their large population, growing awareness, increasing working women population, and improved education level. Thus, such factors will drive the manual formula milk dispenser machines segment and market in focus during the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The formula milk dispenser machines market in North America is expected to register a moderate growth rate during the forecast period. Consumers with high disposable incomes can afford high-quality baby products, including formula milk dispenser machines. The number of local players in the formula milk dispenser machines market has increased in North America. The US accounted for a major share of the regional formula milk dispenser machines market. The increasing awareness about innovative formula milk dispenser machines is driving the regional formula milk dispenser machines market.
The emergence of a variety of formula milk dispenser machines will drive the regional formula milk dispenser machines market. Despite recommendations on breastfeeding infants by doctors, most infants in the Americas rely on bottled milk or formula milk products. Almost 1 million infants in the US are fed formula milk since their birth, while 2.7 million children above the age of 3 months rely on formula milk. The Food and Drug Administration (FDA) regulates food products for infants. Thus, high demand for formula milk in the region will drive the regional market during the forecast period.
The formula milk dispenser machines market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Formula Milk Dispenser Machines Market Scope |
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Report Coverage |
Details |
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Page number |
141 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.19% |
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Market Growth 2024-2028 |
USD 1.01 billion |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
10.58 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 37% |
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Key countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Babymoov, BEABA SAS, Brunimat GmbH, Nestle SA, Ping An Insurance Group Co. of China Ltd., Shenzhen Qianhai Zoome Technology Co. Ltd., Wuxi Swif International Trade Co. Ltd., and Baby Brezza |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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