A recent report published by Infinium Global Research on baby care product market provides an in-depth analysis of segments and sub-segments in the global as well as regional baby care product market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional baby care product market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global baby care product market. According to the report, the global baby care products market is projected to grow at a CAGR of 5.3% over the forecast period of 2018-2024.
The report defines the baby care product market as the baby products intended to be used for infants and children under the age of three years. Baby care products include a variety of products in different categories such as skin care products, hair care, bath, and others. Baby care products are specifically formulated and produced using soft and non-irritating ingredients. The manufacturers of baby care product are required to conduct several safety tests to ensure the quality of the products.
Nowadays, rising concerns among the parents regarding safety, hygiene, and nourishment of the child are growing rapidly. The factors such as the growing adoption of baby care products and the rising disposable income are driving the growth of the baby care product market. Moreover, the economic growth across the world is rising at an impressive rate, which in turn increases consumer spending. Further, rising awareness about the improved quality and benefits of baby care products are anticipated to boost the demand for baby care products over the next few years.
The baby care food and beverage products contain various nutrient-rich ingratiates. These products help to stimulate growth in infants. Moreover, rising parent inclination towards the specific products and availability of a variety of specific purpose products are contributing to the growth of baby care products. Furthermore, technological advancements in baby care products are projected to create various growth opportunities in the baby care product market over the forecast period.
Among the geographies, the Asia-Pacific region is dominating the market of baby care products followed by Europe. High birthrate, growing disposable incomes, and rising healthcare expenditures are the major factors that drive the growth of the baby care market in the Asia-Pacific region. In addition, Europe holds a significant market share in the baby care market. The favorable government policies and growing awareness about baby care products are contributing to the growth of baby care product market.
The report on the global baby care product market covers segments such as product type and distribution channel. On the basis of product type, the sub-markets include baby skin care products, baby hair care products, baby bath products, baby toiletries, and baby food & beverages. On the basis of the distribution channel, the sub-markets include online markets and offline channel.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in this region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as Unilever, Procter & Gamble Company, Johnson & Johnson Services, Inc., Nestle, KCWW, Abbott Laboratories, Pristine Organics, Dabur, Peg Perego, Maxi-Cosi, and Baby Jogger.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of baby care product market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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