NEWARK, Del, Jan. 20, 2023 (GLOBE NEWSWIRE) -- As per newly released data by Future Market Insights (FMI), the Baby Shoes Market is estimated at USD 37,013 million in 2022 and is projected to reach USD 82,920 million by 2032, at a CAGR of ~8.4% from 2022 to 2032.
In the last five years, the market for baby food, shoes, clothing, and skin care has grown at a reasonable rate. There is also a psychological component that a family with an only child is more willing to spend a substantial sum of money owing to the uniqueness of the child.
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An increase in demand for personalised shoes is one of the important market trends driving the growth of the children's footwear market. Leading premium market providers offer customised products with an aesthetic appeal. E-commerce is getting increasingly popular. As a result, it can be claimed that the baby shoe market is particularly tempting to potential new players and may offer expansion opportunities.
Manufacturers of baby shoes have been looking for markets with a large number of potential customers. It is most likely a country with a high birth rate or a large population. As a result, several European manufacturers are attempting to introduce their products into the markets of India and China.
Key Takeaways from the Baby Shoes Market Study
- E-commerce is expected to be the leading sales channel during the forecast period. As customer preferences shift, more individuals prefer internet retailing to traditional brick-and-mortar establishments. As a result, companies are expanding their online market presence. One of the primary aspects driving the growth of the online sales channel is the availability of a diverse assortment of baby shoes.
- During the projection period, APAC will drive market growth. China and India are the two most important markets in APAC for children's footwear. The market in this region will expand quicker than the market in other regions.
” In the future years, the baby shoe market is predicted to rise at a steady rate. The global baby shoes market is being driven by an increase in demand for stylish, elegant, yet comfortable footwear for children.” Says an FMI analyst.
Impact of COVID-19 on the Market
The COVID-19 pandemic wreaked havoc on a number of worldwide businesses, most notably the baby shoes market. Due to the discretionary nature of baby shoes, it was one of the industry’s most badly impacted by the pandemic as a result of store closures and austerity measures imposed due to the economy's rapidly deteriorating status. The baby shoes market has revived as a result of the ease of internet buying and doorstep delivery, with demand rebounding in post-covid circumstances.
Who is winning?
Leading players operating in the Baby Shoes market are Yoyo Booties, Combi, Goodbaby, Pigeon, Procter & Gamble, Baby Jay, Oasis Shoes, Adidas, New Balance, Nike, Trimfoot Co, LLC, and Carter’s, Inc among others.
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Baby Shoes Market by Category
By Material, Baby Shoes Market is segmented as:
- Synthetic
- Cotton
- Leather
- Others
By Consumer Orientation, Baby Shoes Market is segmented as:
- Boys
- Girls
By Closure Type, Baby Shoes Market is segmented as:
- Laces
- Velcro
- Straps
- Zippers
By Sales Channel, Baby Shoes Market is segmented as:
- Multi-brand Stores
- Independent Small Stores
- Online Retailers
- Other Sales Channel
By Region, Baby Shoes Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Key Findings
1.3. Summary of Key statistics
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.1.1. Millennials are Driving Force
3.1.2. Rapid Emergence of the Start-ups In Market
3.1.3. Increasing Awareness about sustainability
3.1.4. Globalization Impacting Lifestyles
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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