Product ID: SQMIG30L2139
Global Baby Care Products Market Size, Share, Growth Analysis, By Product(Baby Skin Care & Baby Toiletries and Hair Care), By Distribution Chanel(Online and Offline) - Industry Forecast 2024-2031
Report ID:
SQMIG30L2139 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|
Tables:
59 |
Figures:
75
Global Baby Care Products Market Regional Insights
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.
Global Baby Care Products Market Report Snapshots
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