Believe it or not, baby bottles are a booming business these days based on the 2017-2021 report that the Global Baby Bottles Market just released on November 22. If you are trying to venture to a new business opportunity, this might just be the product or the industry for you.
In an article published by The Business Wire, the baby bottle industry is predicted to grow by 4.08 percent starting this year up to the year 2020. Industry experts made this analysis based on their recent data and survey. The report also has some tips for entrepreneurs since key vendors shared their thoughts and experiences on how they have been running their business quite successfully. The U.S. is not the only country that is benefiting from the baby bottle industry because even developing countries are following America's footsteps when it comes to it. Now, they too are experiencing the same success that this business is bringing to the U.S.
A photo posted by MAM baby UK (@mambabyuk) on Nov 25, 2016 at 2:09am PST
What's interesting to be observed here is that countries who are doing well in selling these products are also doing well when it comes to their health care and birth rates. The next few years are about even to do better in this industry because the mortality is apparently getting high, which means there is a huge demand coming for baby products. Lots of entrepreneurs are seizing this demand-supply relation that is going on with these said products.
The best example here is BabyGuest. According to the website Italy Europe 24, BabyGuest is like the Air BnB for baby products. The concept of this business caters the people who are traveling with their kids and are in need of baby supplies. Now, parents could just go to the company's site and make a purchase or even rent baby care materials from baby bottles to cribs, strollers, etc. This will save them space when traveling because they don't need to bring all their baby gear with them.
