San Francisco, 1 October
2018: The global baby
product market is expected
to reach USD 121.0 billion by 2025, according to a new report by Grand View
Research, Inc. Rising spending capability in matured economies of North America
and Europe will augment industry growth over the next nine years.
Increasing birthrate in emerging economies
of Asia Pacific including India and China is anticipated to drive the demand
for infant items over the forecast period. Rising awareness among the customers
about infant nutrition, hygiene, and safety in the region will fuel demand over
the forecast period. Continuous innovation among manufactures is expected to
propel industry growth over the forecast period.
Cosmetics & toiletries held the largest
share in the market. Cosmetics help to enhance infant skin, provide
nourishment, resist swelling, itching, rashes and inflammations. Apart from
that it tends to posses’ antibacterial, antifungal, antimicrobial, which soothe
and provide luster to the skin. These beneficial properties are expected to
drive the demand over the forecast period.
Infant food provides essential ingredients
which include vitaminB12, protein, carbohydrate, and iron which are required in
different growth phases of babies, so as to develop a good immune system.
Rising number of food varieties coupled with its ease of use when travelling is
expected to have a positive impact on the market over the forecast period.
Access
Research Report of Baby Products Market@ www.grandviewresearch.com/industry-analysis/baby-products-market
Further key findings from the report suggest:
· Baby product market is expected to witness
growth at a CAGR of 6.9% from 2016 to 2025 owing to increased female working
population resulting in higher demand for ready-to-use items
· Cosmetics & toiletries will witness the
fastest growth at a CAGR of 7.3% from 2016 to 2024 owing to rising awareness
regarding infant hygiene
· Asia Pacific market was estimated at over
USD 17 billion in 2015 on account of growing awareness about baby nutrition,
hygiene and safety coupled with increased disposable income
· Key participants include Procter &
Gamble Company, Kimberly-Clark Corporation, Johnson & Johnson Plc, Unilever
Plc, Nestle S. A, and Abbott Nutrition
· Key companies in the market are focused on
increasing their global presence through mergers & acquisitions and brand
awareness. In November 2016, Dabur South Africa (Pty) Ltd acquired South
Africa’s CTL Group of Companies personal care, hair care & creams
businesses for USD 1.3 million
· In July 2016, Johnson & Johnson
Consumer Inc. completed the acquisition of Vogue International LLC, which is
engaged in the manufacturing and distribution of hair care and other personal
care products for $3.3 billion
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand View Research has segmented the
global baby product market on the basis of product and region:
Baby Product Outlook (Revenue, USD Billion,
2014 - 2025)
·
Cosmetic & Toiletries
o
Baby Skin Care Products
o
Bath Products
o
Baby Hair Care Products
o
Other Cosmetics & Toiletries
·
Baby Food
o
Milk Products
o
Frozen Baby Food
o
Baby Juice
o
Baby Food Snacks
o
Baby Food Cereals
·
Baby Safety & Convenience
o
Baby Strollers
o
Baby Car Seats
Baby Product Market Regional Outlook
(Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
South & Central America
o
Brazil
·
Middle East & Africa (MEA)
Access Press Release of
Baby Products Market@ www.grandviewresearch.com/press-release/global-baby-products-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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