Global Baby Care Product market - Procter & Gamble Co., Kimberly Clark Corp., Johnson and Johnson, Unilever Plc., Abbott Nutrition, Nestle S.A., BABISIL, Cotton Babies, Inc., Danone S.A., The Himalaya Drug Company, Farlin Infant Products Corporation, Avon
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Global Baby Care Product market is dominated by various companies such as Procter & Gamble Co., Kimberly Clark Corp., Johnson and Johnson, Unilever Plc., Abbott Nutrition, Nestle S.A., BABISIL, Cotton Babies, Inc., Danone S.A., The Himalaya Drug Company, Farlin Infant Products Corporation, Avon Healthcare Limited Company, Bonpoint S.A., Dabur International Limited, Burt’s Bees Inc., L’Oreal S.A., etc.
Manufactures are promoting baby hygiene with the help of government and NGOs, in turn is fueling the demand for baby care products during the forecast period.
Global Baby Care Products Market Outlook
The North America accounts to largest share in the global baby care product market and it is projected to continue dominance over forecast period, due to the high spending rate, advanced technology, and infant safety. According to National Centre for Health Statistics, the birth rate in US is up to 12.4 per 1000 people. Europe, Middle East, and Africa are projected to have the significant growth rate with high share contribution in the baby care products market.
Asia Pacific is witnessed to be the fastest growing region in the baby care products market, due to rising birthrate among the emerging economies, such as China and India with increasing demand for infant care items over the forecast period. Additionally, changing lifestyle, rise in disposable incomes, increasing awareness of infant nutrition, hygiene, and safety is driving the growth of baby care products market in Asia Pacific region.
In India, key players such as Johnson and Johnson, Nestle, and Danone Inc. are aiming to grow the market up to 15% on account of increase in spending capacity per child. Furthermore, it is projected that the number of babies between the age group of 0-5 is witnessed to increase from 127 million to 135 million over the forecast period. This will further enhance the global baby care products market.
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The major players are adopting organic and inorganic strategies such as, focusing on increasing their presence through mergers and acquisitions. For instance, in 2016, Dabur South Africa (Pty) Ltd., acquired South Africa’s CLT group of Companies personal care, hair care, and cream businesses.
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