Latin America Baby Bottle Market Size & Outlook, 2021-2030
Latin America baby bottle market, 2017-2030 (US$M)
Related Markets
Latin America baby bottle market highlights
- The Latin America baby bottle market generated a revenue of USD 382.3 million in 2021.
- The market is expected to grow at a CAGR of 5.9% from 2022 to 2030.
- In terms of segment, plastic was the largest revenue generating product in 2021.
- Glass is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 382.3 million |
| Market revenue in 2030 | USD 639.8 million |
| Growth rate | 5.9% (CAGR from 2021 to 2030) |
| Largest segment | Plastic |
| Fastest growing segment | Glass |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic, Silicone, Glass, Stainless Steel |
| Key market players worldwide | Pigeon Corp, Medela, Koninklijke Philips NV, Artsana S.p.A., Goodbaby International Holdings, Dr Browns, Comotomo, Richell Corporation, Munchkin, Nanobebe |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.6% of the global baby bottle market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 330.8 million by 2030.
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Baby Bottle Market Scope
Baby Bottle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America baby bottle market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to baby bottle market will help companies and investors design strategic landscapes.
Plastic was the largest segment with a revenue share of 70.15% in 2021. Horizon Databook has segmented the Latin America baby bottle market based on plastic, silicone, glass, stainless steel covering the revenue growth of each sub-segment from 2017 to 2030.
Increasing consumption of infant formula in the region is a major factor expected to boost the demand for baby bottles in the coming years. Furthermore, rising acceptance of infant formula and busy lifestyles have spurred the demand for baby bottles in the region.
High product visibility is the main factor contributing to the growth of plastic baby bottles in the region. Rising awareness regarding the harmful effects of BPA on the human body is driving an increasing number of major players to develop BPA-free plastic bottles.
However, factors like distortion of bottles in freezers and health concerns associated with plastics are driving customer preference for glass bottles. Glass-based bottles are expected to exhibit the highest CAGR as an increasing number of parents switch from plastic bottles to other variants owing to the presence of BPA.
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Target buyers of Latin America baby bottle market databook
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Our clientele includes a mix of baby bottle market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America baby bottle market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America baby bottle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America baby bottle market outlook size, by country, 2017-2030 (US$M)
Latin America Baby Bottle Market Outlook Share, 2021 & 2030 (US$M)
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