Global Baby Product Market Study
The Baby Product market was valued at USD 11.95 Billion in 2020, and it is expected to reach a value of USD 18.10 Billion by 2027, at a CAGR of 6.10% over the forecast period (2020 - 2027).
Consumer awareness of child's health is increasing, resulting in increased sales and industry growth. Manufacturers have been promoting baby cleanliness with the help of the government and NGOs, which will boost demand for skin, hair, and other cosmetics and toiletries. The major element driving the growth of the worldwide baby goods market is parents' growing worries about their children's cleanliness. The purchasing of premium & high-quality goods for newborns is on the rise as mothers become more mindful of baby hygiene.
When it comes to matters concerning their children, today's parents are becoming increasingly careful. Whether it's easily accessible infant food/formula or personal care newborn goods, parents are expecting a high level of transparency.
This report provides in-depth analysis of Global Baby Product market. We have analyzed 20+ data points that include product price trends, consumer purchase patterns, company annual sales performance, COVID-19 impact on distribution channels, parent industry performance, regional trends, and technological innovations, for tracking the Global market size and performance in the recent years.
Global Baby Product Market Segmentation
The Global Baby Product market is segmented based on Product,, and Region. Based on Product it is categorized into: Cosmetics & Toiletries, Baby food, Baby Safety & Convenience. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Global Baby Product Market: Impact of COVID 19
Despite the effects of the pandemic on global economic climates interfering with the market, the baby care products sector is expected to rebound shortly, particularly in established European nations.
Key Trends in Global Baby Product Market
Johnson's is the most popular brand of baby oil and lotion among parents in the United States, with the greatest proportion of all brands. Johnson is also a market leader in baby/shampoo, children's with Johnson's Baby Shampoo being used by more than a quarter of surveyed homes in the United States. It is also the most popular baby powder brand in the United States, with a market share of more than 35%.
With parents becoming more aware of the harmful impacts of chemical-based goods and the knowledge of the availability of more healthy and natural alternatives, market players have a huge opportunity and potential for growth.
Individual treatment item manufacturers for children also have a lot of room to improve. Switching to natural and organic components will allow them to create a whole new product line that will appeal to their target market. It will also open the path for the use of sustainable basic resources.
Global Baby Product Market: Regional Dynamics
Asia Pacific is expected to be the fastest-growing market over the forecast years on account of rapid urbanization and changing lifestyles. Moreover, rising disposable income levels are estimated to contribute to the region’s development in the years to come. North America market is projected to account for a significant market share in the future. The U.S. is expected to lead the North America regional market in the past on account of the availability of high-quality items. Moreover, the rapidly expanding e-commerce sector in the baby product industry is likely to boost sales over the coming years.
Global Baby Product Market: Competitive Landscape
The market is characterized by the presence of a few well-established players. New product launches, partnerships and investing in research & development have been a key business strategy. Some of their recent developments are as follows:
In 2020, DTC baby brand Lalo is solidifying its product roadmap with new launches. For instance, to achieve traction in a competitive industry, Lalo is combining its data-backed product roadmap with a marketing approach that focuses on physical retail, word-of-mouth, and a network of customers-turned-ambassadors.
The Diaper Genie Quick Caddy is a hygiene product made by babiesrus.ca. It’s a revolting bag of diapers that can be carried on road trips. It also helps to keep the odor sealed and has a sturdy handle to carry.
Key players in Baby Product market are:
Abbott Nutrition
Walgreens Boots Alliance
Asda Group Ltd.
Dabur International Ltd.
Johnson & Johnson Plc.
Kimberly-Clark Corporation
Nestle S. A.
Beiersdorf Group (Nivea)
Procter & Gamble Company
Unilever Plc
First Cry