Baby Care Products Market Size, Competitive Landscape and Market Forecast - 2029
Global Baby Care Products Market is segmented By Product (Baby Skincare Products, Baby Massage Oil, Baby Lotions, Creams/Moisturizers, Talcum Powder,) By Distribution channel (Offline distribution channel, Specialty Stores, Hypermarket and Supermarket, Drug Stores, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Market Overview
The Global "Baby Care Products market" is expected to grow at a high CAGR during the forecasting period (2022 -2029).
Due to product innovation and product line extension by the major players of the market. In addition to rising internet penetration all around the world is driving the market.
Baby Care Products are substances that find usage as the personal care of babies, which include skincare products, sanitation products, and also food products. The products are specially prepared for babies, which are mostly harmful chemical-free so that they suit best to babies. The food is also rich in nutrition, which makes it perfect for healthy growing babies.
The report covers all the major trends and drivers playing a key role in the growth of the Baby Care Products market.
Market Dynamics
The global Baby Care Products is primarily driven by rising product innovations and product line extension by the major players of the market. With the extension of the product line and the rising internet penetration all around the world. The internet penetration is helping create awareness for these Baby Care products to people for better baby care. The rising concerns of skin and healthy products for consumption and used for babies across the globe will also drive the market for Baby Care products.
The rising innovation and the increasing demand for all-natural and organic products by people will also drive the market for Baby Care products in the forecast period. Companies are continually working on innovation of natural products and are catering to the needs of people by new launches in this line.
For instance, Procter & Gamble's Pampers brand has introduced Pampers Cruisers 360 FIT, the brand’s best fitting diaper yet. Pampers Cruisers 360 FIT diapers feature a comfortable all-around stretchy waistband that adapts to every wild move a baby makes – it’s just like they’re wearing “yoga pants" in March 2019.
Another instance for innovative products, Hello Bello, a new collection of expertly formulated, plant-derived baby necessities, launched exclusively at Walmart stores nationwide, on Walmart.com and HelloBello.com.The complete line of products is designed to give every parent access to high-quality, better-priced everyday essentials that are better for babies, budgets, and the planet in February 2019.
However, due to several regulations of the government on labeling and packaging is hampering the growth of Baby Care Products.
Segment Analysis
By Product type, the global Baby Care Products market is segmented into Baby Skincare Products, Baby Haircare Products, Baby Bath Products, Diapers, Baby Safety & Convenience Products, and Baby Food. Diapers have the dominant position in the Baby Care Products market and are expected to retain their dominance in the forecasted period due to growing awareness in sanitization and personal hygiene. However, baby food/ formula is also finding the rise in awareness among the people to feed babies with high nutritious food to help them grow healthy, which will be driving the market with a higher rate of CAGR for the forecast period. It is expected that the diapers market will grow at a CAGR of ~XX% during the forecast period.
By Distribution Channel, the global Baby Care Products market is segmented into Online distribution channels and offline distribution channels. Offline distribution channel has the dominant position in the Baby Care Products market due to the rising supermarkets and hypermarkets, giving excess to consumers easily all around the world. Although with the e-commerce rise, the online distribution channels market share will be growing with higher CAGR in the forecast period.
Geographical Analysis
By geography, the global Baby Care Products market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and Middle East and Africa (MEA).
APAC holds the largest market share for Baby Care Products due to the high demand for various Baby Care Products by the people and also due to the rise in the internet penetration with the higher birthrate in the countries like India and China are the main driver for the region in the forecast period. Also, the rising disposable income in the region will boost market growth. In Europe, demand for Baby Care Products growing due to the rise in the supermarket and hypermarket culture backed by the increase in disposable income of people will be the major drivers for Baby Care product market in the region.
Investment and development in Eastern Europe are constantly growing. Poland is entering its third decade of dynamic growth with new overseas retailers and luxury brands entering the market with thirty new global brands set up operations in the country last few years. There is a retail boom in Russia as 63 new complexes in 40 Russian cities have been completed. There is a positive attitude in Western Europe of investment in outdated shopping centers to allow retailers to expand locally.
Competitive Analysis
Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Global Baby Care Products is a competitive market with the presence of various global and regional players in the market. The major playersUnilever, Beiersdorf, Chicco, Johnson & Johnson Services, and Mothercare. Other key players in the market include Pigeon, Procter & Gamble, Kimberly-Clark Corporation, Nestle S.A, Artsana, Combi Corporation, Dorel Industries, Goodbaby International, Newell Brands, and Bugaboo International.
In March 2019, Modicare Limited expanded its food, personal, skin, and baby care products range today with the launch of 11 new products, adding to the vast portfolio of 250 Modicare products that span across ten categories, such as personal care, wellness, skincare, color cosmetics, and food and beverages.
In March 2019, Walmart launched its new baby-care line - Hello Bello.