USD 18.95 billion
Report ID:
SQMIG30L2139 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|Tables:
59
|Figures:
75
Global Baby Care Products Market size was valued at USD 18.95 billion in 2021 and is poised to grow from USD 19.76 billion in 2022 to USD 27.66 billion by 2030, growing at a CAGR of 4% in the forecast period (2023-2030).
Baby care products are products designed for new borns and children under three years of age. Baby care products are generally gentle and non-irritating and use ingredients selected for these qualities. Baby skin care, baby hair care, bath products, baby toiletries, and baby food and beverages are all examples of baby care products. The demand for baby care products has increased significantly in recent years, as many patients around the world find these products exceptionally convenient and easy to use. Along with the benefits of using such products, the functionality is also excellent. The increasing population of working women has increased the demand for these products.
Healthcare experts and doctors are also recommending such products to parents, which has increased the demand for products. As parents are busy, the demand for these products will increase as they help in maintaining and monitoring the baby's health. All these factors will create good opportunities for market expansion in the coming years. Children suffer from a variety of health problems, some of which are related to complications during pregnancy and birth. Skin rashes, respiratory infections, and various other disorders have increased the demand for such products. As awareness about the availability of baby care products has increased in recent years, which helps in the hygiene and health of children worldwide, the demand for these products will continue to increase in the coming years. The use of these products has a significant impact on the growth of the market.
Due to the increase in the amount of money invested in research and development, most manufacturers are actively working to offer new products. The demand for organic products has also increased, which will provide the best opportunities for market growth in the coming years. Global demand for these products has increased as consumer spending power has increased and dual-income households are becoming more common, particularly in poorer countries. However, an increasing number of consumer safety and security concerns is the biggest challenge in the market. Side effects associated with fake products including allergies, infections, and chemical exposure will hamper the market growth.
US Baby Care Products Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 18.95 billion
Largest Segment
Baby Toiletries and Hair Care
Fastest Growth
Baby Toiletries and Hair Care
Growth Rate
4% CAGR
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Global baby care products market is segmented on the basis of product, distribution channel and region. On the basis of product, global baby care products market is segmented into baby skin care and baby toiletries or hair care. On the basis of distribution channel, global baby care products market is segmented into online and offline. On the basis of region, global baby care products market is divided into North America, Europe, Asia Pacific and MEA.
Baby Care Products Market Analysis by Product
On the basis of product, global baby care products market is segmented into baby skin care and baby toiletries and hair care. The hair care and toiletries segment accounts for the highest sales share of nearly 67% and is expected to maintain its dominance over the forecast period. Baby wipes, baby washes, and baby shampoos and conditioners are some of the products that are widely used around the world. As most of these products are incredibly skin-friendly, their demand will increase in the future. They provide benefits like moisture retention and quick hydration to the skin, so the demand for these products will increase during the forecast period. These products are extremely easy to use and provide instant solutions to diaper rashes and dryness as well as infections in babies, the demand for these products will increase during the forecast period.
The skin care segment is expected to grow at a rapid CAGR during the forecast period. Powders, massage oils, face creams, and moisturizers are examples of products in this segment, and the need for these products to maintain the health of the scales has increased in recent years. The demand for these products with antibacterial and antioxidant properties will drive the market during this period, while the demand for antifungal products to treat various sensitive skin disorders in children will also increase.
Baby Care Products Market Analysis by Distribution Channel
On the basis of distribution channel, global baby care products market is segmented into online and offline. The offline segment is further subdivided into supermarket, grocery store and speciality store. The offline segment dominated the market with a share of approximately 46% and will continue its dominance during the forecast period. Shopping from a store has many advantages, including lower prices and more options to choose from. These stores provide improved visibility as well-arranged dedicated shelves are provided for these products. The presence of multinational brands in supermarkets and grocery stores will help to fulfil the needs of a wide range of consumers. The specialty store will also witness significant growth. Consumers who buy a particular product regularly are consumers who buy from specialty retailers. The availability of natural organic and herbal products in specialty stores is an advantage that contributes to the growth of this market.
The online segment is expected to witness significant growth during the forecast period. During the forecast year, online sales of baby care products are expected to increase. The main online retailers of baby care products are well-known e-commerce like Amazon and Walmart.
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Asia Pacific accounts for the largest share at over 40% and is expected to grow at the fastest CAGR during the forecast period. Every year, according to the National Bureau of Statistics, approximately 17 million newborns are born in China. Similarly, according to the UN, India's population is 1.37 billion and is expected to increase to over 270 million by 2050. India and China have the largest population in the world. Both these countries have higher birth rates than other countries. This has resulted in increased consumption of baby care products in Asia. Also, government initiatives to promote girl child rearing in India, as well as the prevalence of diseases and disorders are increasing the demand for baby care products. Additionally, the growing infant population, along with the awareness about infant health, is positively boosting the sales of baby care products. Furthermore, urbanization is contributing to the increase in the number of nuclear families in cities in India and China. All these factors contribute to the consumption of baby care products in the region.
Europe accounts for a significant share of the global baby care products market. Countries such as the United Kingdom, Germany, and France have a large number of modern stores and specialty retail stores. This makes it easy to choose baby care products from various possibilities. Also, disposable income and awareness about newborn health are increasing the demand for baby care products. Additionally, the focus on child health in countries such as the United Kingdom and France is positively boosting the sales of baby care products. Also, the reason for such rapid growth is the increased spending power of consumers, particularly in the United Kingdom and France. All these factors boost the demand for baby care products in this region.
North America is estimated to hold a significant share of the global baby care products market. This is due to the presence of high-quality baby care products in this region. Also, the rapid expansion of the e-commerce sector of the baby products industry is expected to improve sales over the forecast period. Some of the key essential players in the country are working to develop new things at reasonable prices to fulfil local needs.
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Baby Care Products Market Driver
As most couples worldwide have busy lives, the number of female employees has increased. In the coming years, dual income households and an increase in disposable income will play a significant role in the expansion of the baby care products market. Numerous health benefits associated with the use of these products and their performance throughout the year as well as their performance throughout the year will play an important role in the growth of the market.
There are a variety of baby care products in the market including baby food diapers, lotions, moisturizers, baby oils, baby creams, and other consumables. Continuous research and development in this area will play an important role in increasing the demand for these products as new products are introduced in the market. In recent years, there has been an increase in demand for organic and natural products to reduce the use of artificial perfumes, which can affect the baby's skin or cause allergies.
Baby Care Products Market Restraint
An increasing number of consumer safety and security concerns is the biggest challenge in the market. Side effects associated with fake products including allergies, infections, and chemical exposure will hamper the market growth.
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Global baby care products market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global baby care products market.
Baby Care Products Market Top Player's Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global baby care products market analysis, by product segmentation, the hair care and toiletries segment accounts for the highest sales share of nearly 67% and is expected to maintain its dominance over the forecast period. Baby wipes, baby washes, and baby shampoos and conditioners are some of the products that are widely used around the world. Based on distribution channel segment, the offline segment is further subdivided into supermarket, grocery store and speciality store. The offline segment dominated the market with a share of approximately 46% and will continue its dominance during the forecast period. By region, Asia Pacific accounts for the largest share at over 40% and is expected to grow at the fastest CAGR during the forecast period. However, an increasing number of consumer safety and security concerns is the biggest challenge in the market. Side effects associated with fake products including allergies, infections, and chemical exposure will hamper the market growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 18.95 billion |
Market size value in 2031 | USD 27.66 billion |
Growth Rate | 4% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Baby Care Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Baby Care Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Baby Care Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Baby Care Products Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2139
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