Baby Teethers Market Research Report 2024 | Valuates Reports

The global Baby Teethers market was valued at US$ 643 million in 2023 and is anticipated to reach US$ 766.4 million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.

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Baby teethers are used to soothe babies' gums when their teeth start coming in.

According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.

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This report aims to provide a comprehensive presentation of the global market for Baby Teethers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Baby Teethers.

By Type
• Plastic Baby Teethers
• All Natural Wood Baby Teethers

By Application
• Birth to 3 Months
• 4 to 7 Months
• 8 to 11 Months
• 12 to 23 Months
• 24 Months & Up

Key Companies
Nuby, Mammas Club, Bright Starts, Munchkin, Comotomo, Baby Banana, Baby Love, Ike & Leo, Razbaby, Nurtureland, Safety 1st, Vulli, ZoLi, The First Years

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This release was published on openPR.