Global Baby Product Market

Baby Product Market Size, Share, Growth Analysis, By Product(Baby Cosmetics & Toiletries, Baby Food), By Distribution Channel(Supermarkets/Hypermarkets, Convenience Stores) - Industry Forecast 2024-2031

Report ID: SQMIG30L2114 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

Baby Product Market News

  • In May 2022, The Food and Drug Administration struck an agreement with Abbott Laboratories on Monday on the measures needed to restore the company's shutdown baby formula production, which might help to alleviate the state-wide shortage of new-born formula. The FDA said it anticipated Abbott to resume production in approximately two weeks and was ready to inspect the factory in Sturgis, Michigan. It has been closed since February after numerous babies became unwell after consuming formula prepared there, and two died.
  • In February 2022, Tiny Organics, an early childhood nutrition company, announces the launch of plant-based finger foods designed to make children more adventurous eaters.
  • In March 2021, In the United Kingdom, Danone S.A. introduced formula milk in pre-measured tab formats. Danone has partnered with Meiji, and because of this collaboration, Danone's formula milk recipes will be combined with Meiji's patented tablet production technology. The tablets will also be available exclusively through the UK health and beauty retailer Boots under the Aptamil brand.
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Baby Product Market size was valued at USD 214.13 billion in 2019 and is poised to grow from USD 225.47 billion in 2023 to USD 352.65 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).

The market includes both international and domestic participants. Key Baby Product Market player’s focus on strategies such as innovation and new product launches in retail about natural products to enhance their portfolio offering in the market. The key Baby Product Market players for the baby products are Johnson & Johnson, Procter & Gamble Co., Avon Products, Inc., Beiersdorf AG, Kimberly-Clark Corporation, Unilever, L'Oral S.A. and among others. 'Procter & Gamble Co.', 'Johnson & Johnson', 'Kimberly-Clark Corporation', 'Nestle S.A.', 'Abbott Laboratories', 'Danone S.A.', 'The Honest Company Inc.', 'Gerber Products Company', 'Philips Avent', 'BabyBjorn AB', 'Pigeon Corporation', 'Chicco', 'Munchkin Inc.', 'Artsana S.p.A.', 'Graco Children's Products Inc.', 'Summer Infant Inc.', 'Dorel Industries Inc.', 'Goodbaby International Holdings Limited', 'Stokke AS', 'Skip Hop Inc.'

The growing awareness of various health-related issues, such as fungal and bacterial infections, caused by synthetic baby products and toiletries has increased demand for chemical-free and harmless baby care toiletries. This has increased demand for skin, bathing, and other toiletries products, for which consumers are willing to pay a premium depending on quality. Moreover, innovative packaging and the incorporation of specific organic ingredients with multiple health benefits are expected to drive Baby Product Market growth.

Globally, there is a significant increase in the demand for fortified baby food, with parents becoming increasingly aware of the importance of achieving their babies' nutritional needs. The growing demand for infant formula, in particular, is influencing the market's growth.

In 2021, Asia Pacific is expected to grow at a CAGR of 6.7%. The number of working mothers and the rise in birth rates in developing countries such as India and China is driving the Baby Product Market in this region. According to the EPRA International Journal of Economic and Business Review, female labor-force participation has increased by 4.1% over the last three decades, boosting demand for baby-related products such as baby food, baby cosmetics & toiletries, and baby safety & convenience. Moreover, an increase in disposable income increased consumer spending power, boosting product demand. During the forecast period, North America is expected to grow at a CAGR of 4.6%. Consumers in countries such as the United States and Canada are willing to pay a high price for their baby's life and health. Working parents, government initiatives for infant safety, and early adoption of advanced products have all contributed to the market's growth in North America.

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Global Baby Product Market

Product ID: SQMIG30L2114