Published on : May 09, 2018
Albany, New York, May 9, 2018: The recent years have observed a spurt in the market for baby care products. The rising number of babies contributes to the higher demand for baby products. Besides, increase in disposable income and rise in working women population are the primary factors expected to drive the demand for baby care products from 2018 to 2026. These findings have been elaborated in a new study added to the vast archive of Market Research Hub (MRH). The study is titled as “Baby Care Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, which offers wide analysis of the current market trends and future estimations in the market. Moreover, the report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the global baby care products market growth during the said period.
With an extensive forecast period of 2018-2026, the study analyzes market size based on volume (in tons) and revenue (US$ Mn), considering 2016 as the base year. According to the study key findings, the global baby care products market is anticipated to reach US$ 109.13 Bn by 2026, expanding at a CAGR of 5.0% from 2018 to 2026.
Moreover, the study highlights regional analysis which includes the current and forecast demand for baby care products in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. An attractiveness analysis has also been provided for every geographic region in the report in order to provide a thorough analysis of the overall competitive scenario of the baby care products market. The analyst has found that the Asia Pacific is projected to account for large share of the global baby care products market during the forecast period.
Factors Fueling Market Growth
Preference for specific products among parents has boosted the demand for baby care products. The rise in demand for organic products is also estimated to boost the demand for innovative products in the near future. This, in turn, is projected to propel the baby care products market over the next few years. Considering the wide demand, companies are focusing on research and development activities along with mergers and acquisitions, and product innovation to strengthen their foothold in the market.
The research finds that economic conditions are improving rapidly in developing countries such as Brazil, India, and China. This is a prime factor rapidly propelling the Asia Pacific market for baby care products.
Based on product type, the baby care products market has been segmented into baby cosmetics and toiletries, baby safety and convenience products, and baby food/formula. Of them, the baby food/formula segment dominated the market in the year 2017.
In the end, this report also highlights an important section which covers detailed competitive landscape by profiling major market leaders. Presently, key market players are Unilever Plc, Procter & Gamble Company, and Kimberly-Clark, Nestle, Johnson & Johnson, Abbott Nutrition, Dabur, and Pristine Organics.
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