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Baby Care Products Market Analysis 2024: Market Growth Rate, Growth, Size, And Industry Trends | Johnson & Johnson Services Inc., The Procter & Gamble Company, Kimberly-Clark Corporation, The Himalaya Drug Company Ltd., Beiersdorf AG
Baby Care Products Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Baby Care Products industry. This report on Baby Care Products market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The baby care products market size has grown strongly in recent years. It will grow from $57.59 billion in 2023 to $63.28 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to increase in birth rates, changing lifestyles, rise in awareness of product safety, health and wellness trends, increased urbanization. The baby care products market size is expected to see strong growth in the next few years. It will grow to $91.7 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
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Key Market Players:
Johnson & Johnson Services Inc., The Procter & Gamble Company, Kimberly-Clark Corporation, The Himalaya Drug Company Ltd., Beiersdorf AG are prominent players in the Baby Care Products industry.
Market Drivers:
According to the Baby Care Products Market Report 2024 by The Business Research Company, The increase in spending on infant care is contributing to the growth of the baby care products market. 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. For instance, according to Selzy, a Cyprus-based cloud email marketing platform, in May 2023, American parents with children under the age of five spent over $42 billion on childcare. Therefore, an increase in spending on infant care is driving the growth of the baby care products market.
More information about the Global Baby Care Products Market Report -
https://www.thebusinessresearchcompany.com/report/baby-care-products-global-market-report
Market segments for Baby Care Products include:
1)By Type: Baby Skin Care, Baby Hair Care Products, Bathing Products, Baby Toiletries, Baby Food And Beverages, Other Products
2)By Buyer Type: Institutional Buyers, Residential Buyers
3)By Distribution Channel: Online Platform, Departmental Stores, Specialized Stores, Supermarkets, Other Distribution Channels
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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