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.
Browse full research report on Antimicrobial Packaging
Market: http://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: http://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
- Baby
Skin Care Products
- Bath
Products
- Baby
Hair Care Products
- Other
Cosmetics & Toiletries
- Baby
Food
- Milk
Products
- Frozen
Baby Food
- Baby
Juice
- Baby
Food Snacks
- Baby
Food Cereals
- Baby
Safety & Convenience
- Baby
Strollers
- Baby
Car Seats
Baby Product Market Regional Outlook (Revenue, USD
Billion, 2014 - 2025)
- North
America
- U.S.
- Europe
- UK
- Germany
- Asia
Pacific
- China
- India
- Japan
- South
& Central America
- Brazil
- Middle
East & Africa (MEA)
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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