Baby Personal Care Products Market Analysis, Company Profiles, Competitive Landscape and Key Regions Analysis Available at Future Market Insights
According to Future Market Insights, global the baby personal care products market size is anticipated to be valued at US$ 88.6 billion in 2023 and is estimated to reach US$ 167.9 billion by 2033. The sales of baby personal care products are anticipated to secure a CAGR of 6.6% during the forecast period.
According to a report, 61% of parents prefer natural ingredients when selecting care products for their children and babies, according to research. Whereas, 82% of parents avoid using chemical-containing products on their children, and 54% are interested in purchasing sustainable and eco-friendly products. The natural composition of baby care products is an important consideration for parents.
As the fourth industrial revolution gains traction, brands are striving to research and develop new technologies that assist parents while also remaining relevant in a significantly changing market.
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Increasing product research and development investments, combined with the growing trend of organic ingredient-based baby care products, have urged manufacturers to launch new products through popular supermarkets and specialty stores.
In August 2021, a popular baby care brand, Baby Dove partnered with Walmart to launch a new line of shampoo, conditioner, baby wash, and skin cream for infants with sensitive skin and multiracial babies. Such product offerings are expected to have a positive impact on market growth.
Key Takeaways from Market Study
Skincare is the leading segment with a growth of 6.8%. Newborn babies are more prone to skin diseases and rashes which fuel segment demand. Additionally, the high availability of various products and offerings fuels market demand.
Modern trade has emerged as a valuable asset for the market leading sales towards growth of 5.9%. The market segment for essential baby care products, in particular toiletries, diapers, toys, and garments, is expanding at a pace of 13–14% each year as a result of more internet marketplaces.
United States holds a substantial share of the market contributing revenue of US$ 25 billion by 2033. High per-capita income and increased customer spendings on infant care are the key factors supporting this dominance.
India market is growing at an impressive rate of 8.0%. Numerous well-known local and regional companies contribute to the fierce competition in India's infant care products industry. In recent years, demand for baby care goods in India has increased due to increased consumer knowledge and disposable income.
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