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Baby Care Products Global Market Forecasted to Reach $91.7 Billion by 2028, Size, Share, Trends, Development Strategies and Segmentation Analysis
Baby Care Products Market
As per the report, 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 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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Elevated Spending On Infant Care Fuels Growth In The Baby Care Products Market
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.
Innovative Advancements In The Baby Care Products
Major companies operating in the baby care products market are focusing on developing innovating products, such as feather diapers, to provide a competitive edge in the market. Feather Diapers are used as baby care products for babies and kids aged 0 to 3 years and can support weights of up to 20 kg. For instance, in February 2022, R For Rabbit Baby Products Private Limited, an India-based baby product company, launched feather diapers. Feather diapers are a next-generation diaper that is highly breathable and embedded with 10 million pores. Feather diapers are designed to be soft, lightweight, and comfortable for babies. They absorb more than other diapers, so the diaper doesn't become lumpy and feel heavy.
The baby care products market covered in this report is segmented -
1) By Type: Baby Skin Care, Baby Hair Care Products, Bathing Products, Baby Tolitories, 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
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Major companies operating in the baby care products market include Johnson & Johnson Services Inc., The Procter & Gamble Company, Kimberly-Clark Corporation, The Himalaya Drug Company Ltd., Beiersdorf AG, Unilever Plc, Nestle SA, Abbott Laboratories, Pigeon Corporation, Artsana Group, Dabur International Ltd., Sebapharma GmbH & Co. KG, Unicharm Corporation, Danone SA, Avon Products Inc., L'Oreal SA, Burt's Bees Inc., Me N Moms Private Ltd., LUV N Care Ltd., ASF Global LLC, Baby Boom Consumer Products Inc., Elung Industrial Co Ltd., Bayerische Motoren Werke AG, Haverty Furniture Companies Inc., Luv Furniture Liberty Hfu, Ric Care Solutions Ltd., Krones AG, Gerber Products Company, Chicco, Munchkin Inc.
Contents of the report:
1. Executive Summary
2. Baby Care Products Market Report Structure
3. Baby Care Products Market Trends And Strategies
4. Baby Care Products Market - Macro Economic Scenario
5. Baby Care Products Market Size And Growth
…..
27. Baby Care Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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