Press release
Baby Care Products Market 2023: Future Demand, Market Analysis & Outlook To 2029
Market Overview:The global Baby Care Products Market was valued at USD 70 billion in 2021 and is expected to reach USD 92.13 billion by the year 2028, at a CAGR of 4%.
Products designated specifically for use with newborns and young children under the age of three are known as "baby care products." The majority of baby care products are designed to be gentle and non-irritating, and they use substances that are chosen for these qualities. Baby care items can be found in a variety of categories, such as baby skin care, baby hair care, toiletries, baby oral care, fragrances, food and beverages, baby convenience products, baby health equipment, baby feed accessories, baby security devices, and more. The concept of a baby's wellness has always existed, but there hasn't been much awareness of the nutritional needs and overall wellness of infants.
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Market Dynamics:
Driver:
The demand for baby care items has increased due to parents' growing concerns about the health and hygiene of their infants and the capacity of these goods to make parenting more manageable. In addition, rising disposable incomes, an increase in birthrate, particularly in developing nations, rising female employment participation, and healthier consumption behaviors are some other factors that will likely expedite the expansion of the baby care product. The key players in the baby care products market are also targeting emerging multipurpose products that not only focus on functional development but are also stylish and pay more considerable attention to safety
Opportunities:
As the fourth industrial revolution reach momentum, brands should endeavor to research and develop new technologies to support parents and also to stay applicable in the rapidly switching market. This means that baby care must apply more technology, tap into more health and wellness themes, and better respond to parents' expectations. As people accept novel technologies and trends, brands will require to attract a new generation of acuity and connected well-informed consumers. Nevertheless, these same consumers are still going to experience the latest situations when their baby comes, so product introduction requires enhancing and supporting the parents' approach to baby care from the get-go.
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Key Chapter Will Be Provided In The Report
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
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Analysis of the Top Market Players:
• Johnson & Johnson Services Inc
• Nestlé S.A
• Unilever Group
• L'Oréal S.A.
• The Himalaya Drug Company LTD
• Procter & Gamble
• Kimberly-Clark Corporation
• Owlet Baby Care
• Pure by Priyanka
• Abbott Nutrition
• Dabur India Ltd
• New Avon Company
• Artsana S.P.A.
• Dabur International Limited
• Danone S A
• Weleda AG
• Beiersdorf Group
• Burt's Bees Inc.and other major key players.
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Segmentation of the Baby Care Products Market
By Type
• Baby Skin Care
• Baby Hair Care
• Baby Toiletries
• Baby Oral Care
• Others
By Category
• Mass
• Premium
By Distribution Channels
• Supermarkets/ Hypermarkets
• Convenience Stores
• Pharmacies/Drug Stores
• Online Retails
• Others
Regional Analysis of Baby Care Products Market:
Asia-Pacific is probably to be the highly increasing market for baby care products over the forecast period, due to the rising birth rate, urbanization, and rapid economic growth aids to the growth in income levels of parents, which in turn has increased the buying power remarkably. Furthermore, the growth in the literacy rate and transparency in research information has switched the parents' preference to the organic baby care products in the market. This has also created a pressing requirement for the producers in the baby care products industry to target on various parameters such as quality of ingredients, value for money, product function/effect, and no additives. Besides this the significant attributes, the brand, nutrition, and safety, the critical factor that favors the growth of baby care products in the western markets is the price/value.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments In Baby Care Products Market
In February 2021, Owlet Baby Care, a supplier of consumer-focused linked infant-monitoring solutions, declared plans to join hands with Sandbridge Acquisition Corporation, a special purpose acquisition company (SPAC) funded by Sandbridge Capital and PIMCO private funds, and to list on the NYSE. By partnering with Sandbridge, they will be enabling to stimulate their ability to invest in growth and product extension, while supplying a holistic, connected nursery face to the next generations of parents.
In August 2020, Dabur India Ltd this day declared that the addition of its Baby Care portfolio with the introduction of 'Dabur Baby Range' with novel 8 products such as Dabur Baby Oil, Dabur Baby Shampoo, Dabur Baby Wash, Dabur Baby Cream, Dabur Baby Talc-Free Powder, Dabur Baby Daily Moisture Lotion, Dabur Baby Moisturizing Wipes, and Dabur Baby Gentle Nourishing Soap. The products are accessible exclusively on amazon., the new Dabur Baby range has been introduced on the leading e-commerce platform during its Prime Day Sale.
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