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.
In order to stay relevant in a market that is rapidly evolving, brands are working to research and develop innovative technologies that support parents as the fourth industrial revolution gets traction.
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The demand for baby care products made with organic ingredients and rising product research and development costs have pushed manufacturers to provide new items through well-known supermarkets and specialised shops.
Popular baby care company Baby Dove teamed up with Walmart in August 2021 to introduce a new line of shampoo, conditioner, baby wash, and skin lotion for newborns with sensitive skin and babies that are multiracial. Such product selections are anticipated to boost market expansion.
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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Manufacturers are focusing on Big wins through Omni channel Strategies
To broaden their consumer base, leading manufacturers in the baby care product market are capitalizing on emerging market opportunities. Key players are investing in physical retail and promotions to mitigate the impact of a single promotion. Omni channel strategies are likely to yield a return on investment. Organic baby infant nutrition and prebiotics-infused infant nutrition are among the products available in the market.
Nestle SA is one of the foremost revenue generators, with popular brands such as Ceregrow, Lactogen, and Gerber, followed by Procter Gamble, with Pampers being the most popular brand. Large multinational consumer goods companies are introducing premium baby care products as extensions of their core personal care brands.
