Major players in the baby care products market are Johnson & Johnson Services Inc, Procter & Gamble, Kimberly-Clark Corporation, The Himalaya Drug Company LTD, Beiersdorf Group, Unilever Group, Nestlé S.
New York, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Baby Care Products Global Market Report 2022" - https://www.reportlinker.com/p06323881/?utm_source=GNW
A, Abbott Nutrition, Pigeon Corp, Artsana S.P.A, Dabur International Limited, Sebapharma GmbH & Co. KG, Unicharm Corporation, Danone S A, Avon Products Inc., L’Oréal S.A, Burt’s Bees Inc., and Me N Moms Private Ltd.
The global baby care products market is expected to grow from $47.02 billion in 2021 to $52.04 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The baby care products market is expected to grow to $70.33 billion in 2026 at a CAGR of 7.8%.
The baby care products market consists of sales of baby care products by entities (organizations, partnerships, and sole proprietors) that are used to keep the baby’s skin in good condition and to protect it from various skin issues.Baby products are intended to be used for infants and children under the age of three.
Baby products are specially formulated to be mild, gentle, and non-irritating.
The main types of baby care products are baby skin care, baby hair care products, bathing products, baby toiletries, baby food and beverages, and others.Baby skincare products include creams and lotions which have a higher content of moisturizer used for the face and body to hydrate skin and protect baby skin from environmental influences such as sunlight, cold temperature, UV radiation, and others.
The different buyer types include institutional buyers and residential buyers that are distributed through various channels such as online platforms, departmental stores, specialized stores, supermarkets, and others.
Europe was the largest region in the baby care products market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the baby care products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The baby care products market research report is one of a series of new reports that provides baby care products market statistics, including baby care products industry global market size, regional shares, competitors with a baby care products market share, detailed baby care products market segments, market trends and opportunities, and any further data you may need to thrive in the baby care products industry. This baby care products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The increase in spending on infant care is contributing to the growth of the baby care products market.Infant care generally includes feeding, changing diapers, and taking care of the infant’s hygiene.
Parents are spending more on baby care products for their babies to be hygienic and to prevent skin infections.For instance, according to CNBC LLC’s article, in January 2020, American parents with children under the age of five spent over $42 billion on childcare.
Therefore, an increase in spending on infant care is driving the baby care products market.
Product innovations have emerged as the key trend gaining popularity in the baby care products market.Major companies operating in the baby care products sector are focused on launching innovative products to sustain their position in the market.
For instance, in March 2020, Munchkin Inc., a US-based company that provides infant and toddler care products launched its portable sanitizer called 59S Mini Sterilizer Portable UV Sanitizer that uses UV-LED technology for sterilization. Munchkin sterilizer is operated by using the battery as well as power through the USB port. This product kills 99.5% of bacteria, viruses, and germs in 5 seconds from pacifiers and bottle nipples.
In October 2021, MyGlamm, an India-based company operating in direct-to-consumer beauty products and baby care products, acquired The Moms Co for an undisclosed amount.Through this acquisition, MyGlamm aims to strengthen its baby care products in pre-and post-natal care as well as strengthen its direct-to-consumer market.
The Moms Co is an India-based company that provides baby care products.
The countries covered in the baby care products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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