Norway Baby Bottle Market Size & Outlook, 2021-2030
Norway baby bottle market, 2017-2030 (US$M)
Related Markets
Norway baby bottle market highlights
- The Norway baby bottle market generated a revenue of USD 22.9 million in 2021 and is expected to reach USD 33.4 million by 2030.
- The Norway market is expected to grow at a CAGR of 4.3% 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.
Baby bottle market data book summary
| Market revenue in 2021 | USD 22.9 million |
| Market revenue in 2030 | USD 33.4 million |
| Growth rate | 4.3% (CAGR from 2021 to 2030) |
| Largest segment | Plastic |
| Fastest growing segment | Glass |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Norway accounted for 0.7% of the global baby bottle market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK baby bottle market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 190.4 million by 2030.
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Baby Bottle Market Scope
Baby Bottle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Norway 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 60.26% in 2021. Horizon Databook has segmented the Norway baby bottle market based on plastic, silicone, glass, stainless steel covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of the baby bottle market in Norway is driven by shifting consumer preferences towards high-quality, utility-driven, and premium baby products. Moreover, the significant increase in awareness among parents pertaining to baby's health and hygiene has fueled market expansion.
According to Statistics Norway, 2019, the annual cost per child in kindergarten was greater in Norway as compared to any other Nordic countries. Also, in 2019, Norwegian parents were entitled to a flat-rate child benefit allowance of USD 123 per child per month, which encouraged couples to have children. Such aspects are likely to supplement the growth of the market.
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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 country-level data and insights on the Norway baby bottle market , including forecasts for subscribers. This country databook contains high-level insights into Norway baby bottle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Norway baby bottle market size, by product, 2017-2030 (US$M)
Norway Baby Bottle Market Outlook Share, 2021 & 2030 (US$M)
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