Press release
Baby Care Products Market Size, Share, Growth, Trends And Forecast 2023-2032
Baby Care Products Market Report
The Business Research Company's Baby Care Products Global Market Report 2023 identifies an increase in spending on infant care as the major driver for the baby care products market's growth in the forecast period. Infant care generally includes feeding, changing diapers, and taking care of the infant's hygiene. Parents are spending more on baby care products for their babies to be hygienic and to prevent skin infections.
The global baby care products market size grew from $52.55 billion in 2022 to $58.26 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The baby care products market size is expected to grow to $79.78 billion in 2027 at a CAGR of 8.2%.
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Major competitors in the baby care products market are Johnson & Johnson Services Inc., Procter & Gamble, Kimberly-Clark Corporation, The Himalaya Drug Company Ltd., Beiersdorf Group, Unilever Group, Nestlé S.A, Abbott Nutrition, Pigeon Corp, Artsana S.P.A, Dabur International Limited, Sebapharma GmbH & Co. KG, Unicharm Corporation, Danone S A, Avon Products Inc., L'Oréal S.A, Burt's Bees Inc., and Me N Moms Private Ltd.
A key trend in the baby care products market includes Product innovations. Major companies operating in the baby care products sector are focused on launching innovative products to sustain their position in the market. For instance, in March 2020, Munchkin Inc., a US-based company that provides infant and toddler care products launched its portable sanitizer called 59S Mini Sterilizer Portable UV Sanitizer that uses UV-LED technology for sterilization. Munchkin sterilizer is operated by using the battery as well as power through the USB port. This product kills 99.5% of bacteria, viruses, and germs in 5 seconds from pacifiers and bottle nipples.
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The baby care products market is segmented -
•By Type: Baby Skin Care, Baby Hair Care Products, Bathing Products, Baby Tolitories, Baby Food And Beverages, Other Products
•By Buyer Type: Institutional Buyers, Residential Buyers
•By Distribution Channel: Online Platform, Departmental Stores, Specialized Stores, Supermarkets, Other Distribution Channels
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the baby care products market.
The Business Research Company's "Global Baby Care Products Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Baby Care Products Market Include:
1. Executive Summary
2. Baby Care Products Market Characteristics
3. Baby Care Products Market Trends And Strategies
4. Baby Care Products Market - Macro Economic Scenario
5. Baby Care Products Market Size And Growth
……
26. Africa Baby Care Products Market
27. Baby Care Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Baby Care Products Market
29. Baby Care Products Market Future Outlook and Potential Analysis
30. Appendix
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