Dublin, July 20, 2023 (GLOBE NEWSWIRE) -- The "Global Baby Care Products Market (2023 Edition): Analysis By Product Type (Skincare, Haircare, Hygiene, Baby Food, Others), Nature (Organic, Inorganic), Age Group, Distribution Channel, By Region, By Country: Market Insights and Forecast (2019-2029)" report has been added to ResearchAndMarkets.com's offering.
With an expected value of USD 206.68 billion by the end of 2029, compared to USD 129.35 billion in 2022, the Global Baby Care Products market is poised for significant growth. During the forecast period of 2024-2029, the Global Baby Care Products market is projected to expand at a CAGR of 7.02%.
Factors driving this growth include the increasing number of infants, rising female participation in the workforce, and a shift in consumer preference towards organic baby care products.
The market has witnessed the development of innovative technological products that offer numerous benefits to parents, including improved baby monitoring, feeding, hygiene, and overall comfort.
The increasing demand for organic baby care products has led to a surge in product diversification and premiumization. Manufacturers are introducing a wide range of organic offerings, including organic diapers, baby food, skincare products, clothing, and toys.
To cater to the busy lifestyles of parents, companies are introducing multi-functional baby care products that serve multiple purposes. For instance, baby products that combine skincare and sun protection, or feeding bottles with built-in formula dispensers, offer convenience and practicality for on-the-go parents. Economic growth and increasing disposable incomes in countries such as China, India, and Southeast Asian nations have contributed to the growing demand for baby skincare products.
Developing countries often witness the expansion of retail networks, increased internet penetration, and improved logistics capabilities. This creates opportunities for companies to establish distribution networks, reach underserved areas, and leverage e-commerce platforms to expand their market.
The demand for biodegradable baby diapers is on the rise as parents seek more sustainable and eco-friendly alternatives to traditional disposable diapers. Sustainable diapers are designed to minimize their environmental impact. They are made from biodegradable or compostable materials, reducing the amount of waste that ends up in landfills.
As per World Bank, approximately 50% of women are employed worldwide in the year 2021, and the numbers are rising sharply. Working women often have busy schedules, balancing their professional responsibilities with childcare.
Baby care products provide convenience and time-saving solutions that help streamline their daily routines. Products like diapers, baby wipes, and baby food allow for easier and faster caregiving, enabling working women to manage their time efficiently.
Scope of the Report
- The report analyses the Baby Care Product Market by Value (USD Billion)
- The report presents the analysis of Baby Care Product Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.
- The report analyses the Baby Care Product Market by Product Type (Skincare Products, Haircare Products, Hygiene Care Products, Baby Food Products, Other Products).
- The report analyses the Baby Care Product Market by Nature (Organic, Inorganic).
- The report analyses the Baby Care Product Market by Age Group (0-4 Months, 5-8 Months, 9-12 Months).
- The report analyses the Baby Care Product Market by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Pharmacy, Online channel)
- The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by services, by mode of operation & by end users.
- Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 300 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $147.2 Billion |
| Forecasted Market Value (USD) by 2029 | $206.7 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
Strategic Recommendations
- Amplify focus on using eco-friendly ingredients
- Escalate the business presence in developing countries
The companies analysed in the report include
- Procter & Gamble
- Kimberly Clark
- Johnson & Johnson
- Nestle S.A
- Reckitt
- Himalaya
- Danone
- Pigeon
- Artsana
- Newell Brands
For more information about this report visit https://www.researchandmarkets.com/r/qdsogy
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