Global Baby Care Product Market’s Growth with Worldwide Industry Analysis to 2024
The Infinium Global Research analyzes the Baby Care Product Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global baby care product market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of baby care product. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the baby care product market during the period. The global baby care products market is projected to grow at a CAGR of 5.3% over the forecast period of 2018-2024.
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The baby care products are the products projected to be used for newborns and children beneath the age of three years. These products are divided into diverse categories such as toiletries & baby cosmetics, convenience products & baby safety, and baby food. As the skin of babies is delicate these products have to go through many clinical tests before they are available in the market. These products are non-irritating and mild in nature.
Increasing Awareness Among Consumers Regarding Child Hygiene is the Major Factor Driving the Growth of the Market
Increasing awareness among consumers regarding child hygiene is the major factor driving the growth of the market. Babies’ skin is different as compared with adults and therefore it requires special care. Some common skin conditions experienced by newborns are baby acne, skin peeling, skin rash, diaper rash and so on. So as to avoid these problems baby care products such as lotions, shampoo and soaps are used as they are mild in nature and free from chemicals. Along with moisturizing these products also nourish the skin of the babies and keep them away from irritants and environmental changes.
In addition, several manufacturers with the help of NGOs and the government are encouraging baby hygiene and this is fueling the demand for various toiletries and cosmetics such as skincare, hair care, and other products. On the contrary, producers have to meet certain criteria that increase the cost of the products that hamper the market growth. Above all innovations in baby care products is also creating a positive growth opportunity during the upcoming years.
Baby Care Product Market: Segmentation
The global baby care products market includes segments such as product type and distribution channels. Further, on the basis of product type, the market is bifurcated into baby skincare products, baby hair care products, baby bath products, baby toiletries, and baby food & beverages. The baby food & beverages segment accounted for the largest market share in 2017. Growing consciousness about important ingredients in baby foods, such as vitamin protein, carbohydrates, iron, and B12 drives this market.
Further, private and government firms creating awareness via print and electronic media is also boosting the market growth. Based on the distribution channels the market is divided into online markets and offline channels. The online distribution channel is estimated to grow at a rapid pace over the forecast period. Online channels are becoming more popular; consumers are able to compare the prices with different online channels and can choose the available options. Consumers can order anything at a doorstep.
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The Asia Pacific has Dominated the Global Baby Care Product Market
Among the geographies, Asia Pacific has dominated the global baby care product market followed by Europe region. In the Asia Pacific region factors such as an increase in population in countries such as India & China, and increasing disposable income among consumers is driving the growth of the market. In Europe region owing to growth in hygiene purpose and innovation in baby care products boost the growth of the baby care product market.
Baby Care Product Market: Competitive Analysis
The major key players in the global baby care product market are Unilever, Procter & Gamble Company, Johnson & Johnson Services, Inc., Nestle, KCWW, Abbott, Pristine Organics, Dabur, Peg Perego, Maxi-Cosi, and Baby Jogger. In July 2018, AVON, the global beauty brand has launched Baby Care in India. In addition to this, the company has a wide range of baby care products for day and night usage which are necessary for the kind care of the baby.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the baby care product.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.