San Francisco, 23 November
2018: According to a report by Grand View Research, Inc.; the global
baby products market is anticipated to reach USD 121.0 billion by 2025. Changing
lifestyles and expendable income are the primary market drivers. Growing
requirement for baby food rich in protein, carbohydrates, iron, and vitamin is
anticipated to further propel demand over the forecast period (2014 to 2025).
Increasing birth rate and number
of working mother are expected to surge demand for various baby products.
Growing awareness regarding health of infants and availability of baby products
can further fuel market growth over next few years. Rapidly changing lifestyle
among consumers particularly in developing countries is likely to encourage
adoption of convenience oriented routine. This factor is anticipated to bode
well for market expansion during the forecast period.
Awareness among parents
regarding various baby foods and other products through print and electronic
media programs can fuel market over the next few years. Favorable initiatives
from government and non-government organizations to promote baby hygiene is
likely to positively influence market expansion over the forecast period.
Continual technological advancements in manufacturing processes to maintain
high quality and hygiene is anticipated to give fillip to demand for baby
products.
High demand for convenience
and safety products including car seats and strollers can augment growth of
market during the forecast period. However, high manufacturing costs owing to
numerous quality checks can restrict expansion of the market to a certain
extent. Manufacturers are required to meet basic rating criteria for safety and
quality of products while manufacturing baby products. This factor can obstruct
growth of the market during the forecast period.
Access
Research Report of Baby
Products Market@ www.grandviewresearch.com/industry-analysis/baby-products-market
The worldwide baby products
market can be segregated on the basis of product type and region. Based on
product, the market can be categorized into baby food, toiletries and cosmetics,
baby food, and baby safety and convenience. In 2015, cosmetics and toiletries
dominated the market and accounted for around 48% market share. Major players
are expected to focus on innovation to develop advanced compositions, designs,
and performance with the help of improved technology.
In addition, governments in
emerging economies are likely to promote baby care programs to educate parents
regarding the benefits of using baby products. This factor is estimated to fuel
growth of the overall market during the forecast period. The segment can be
divided further into bath, skin care, and hair care. High demand for these
products to protect babies from irritation, dry skin, and similar problems can positively
influence product demand.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/personal-care-and-cosmetics
The baby food segment
accounted for market share equivalent to USD 20 billion in 2015. Demand for frozen
food, milk products, snacks, juices, and cereals is projected to fuel expansion
during the forecast period. In addition, rising awareness among parents
regarding benefits of infant food can further augment growth in the forthcoming
years.
Regional segmentation includes
Europe, North America, Asia Pacific, Central and South America, and Middle East
and Africa. In 2015, U.S. dominated the North America market and accounted for around
70% market share attributed to availability of high-value items. Online
availability of baby items is likely to further boost regional sales during the
forecast period. Local manufacturing companies are expected to engage in
innovation to produce technologically advanced products at affordable prices.
In addition, attractive packaging and product modification to cater to needs of
regional customers is anticipated to drive demand over the forecast period.
Asia Pacific was valued at
17.64 billion in 2015 owing to food safety incidents in the region. Changing
lifestyle and rising urbanization is predicted to fuel regional market growth
during the forecast period. In addition, rising disposable income of families
attributed to growing female workforce can positively influence market in the
region.
Some of the leading companies baby
products market are Kimberly-Clark Corporation, Procter & Gamble Company, Johnson
& Johnson Plc, Nestle S. A., and Unilever Plc. Intense competition is
likely to encourage producers to focus on product differentiation, innovation,
and affordable pricing structure. Hence, companies are expected to invest in
R&D activities to maintain market share and achieve sustainable growth.
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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