Bizizz Market Research has recently published a research report, “Baby Food Maker Market By Product Type (Bottle Preparation and Food Preparation), Distribution channel (Offline and Online), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Baby Food Maker Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 84.2 Mn by 2027, witnessing a CAGR of 12.2 % during the forecast period. Key drivers of the market are rising working women population and shift in the lifestyle of individuals is stimulating its market growth.
The global working women individuals are increasing in number that making women to spend less time and efforts in the kitchen. This trend has stimulated the importance of the baby food maker market in the recent years. Moreover, the lifestyle of the individuals is shifting which is also augmenting the market demand for baby food maker market. According to the reports of international labor organization there is an increase in the working women population by 1.1% form 2017 – 2018.
The Baby Food Maker market is anticipated to register a CAGR of over 12.2% during the forecast period.
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By Product, food preparation segment held a key share in Global Baby Food Maker Market in 2018.
The contribution of food preparation segment is holding the significant market growth during the forecast period. The food preparation products are those that are utilized in the steaming of the solid food products that are required to feed to the babies in the initial stages whose awareness is increasing and propelling its market demand. The shift in the lifestyle of the customers are promoting the growth of these segments market demand.
By distribution channel, offline Segment of Global Baby Food Maker Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period
Customers are substantially being depended on the offline mode of product purchases that shall boost baby food maker products. Moreover the offline mode offers various benefits to the customers including its ease of accessibility that shall promote the demand of these offerings to the customers.
North America is anticipated to dominate the Global Baby Food Maker Market during the Forecast Period.
The customers in the North America are increasingly adopting the baby food makers to feed their babies. This could be attributed to an increase in the number of working women population in this region is stimulating the growth of baby food maker products. Moreover, the disposable income of the customers is also rising in this region encouraging customers to adopt these offerings.
Global Baby Food Maker market was highly fragmented among the number of local and global players. These organizations are increasingly investing in the research and development that increasing the competition among the companies through improved features.
Prominent players operating in the Global Baby Food Maker Market are: BABY BREZZA, Peek A Boo USA, Cuisinart, Newell Brands, Koninklijke Philips, and Hamilton Beach Brands, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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