Bizizz Market Research has recently published a research report, “Baby Care Products Market by Product (Hair Care, Toiletries & Skin Care Fragrances, Others), Distribution channels (Online Specialized Stores, Supermarkets and Departmental Stores), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Baby Care Products Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 112.7 Bn by 2027, witnessing a CAGR of 7.2 % during the forecast period. Key drivers of the market are increasing awareness in context to the child health by the stringent policies imposed by the governments of developed countries. However, increased cost in multi stage check of the baby care products may hinder the growth of the market during the forecast period.
By the contribution of the NGO’s and other government and non-government organizations in increasing the awareness of the child health is promoting the market demand of baby care products. Moreover, there are stringent regulations being imposed to improve the child health in the emerging economies are substantiating the market growth of baby care products in the recent years.
The Baby Care Products market is anticipated to register a CAGR of over 15% during the forecast period.
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By Product, toiletries and skincare segment held a key/prominent share in Global Baby Care Products Market in 2018.
The market of baby care products is being dominated by the toiletries and skincare offerings that are majorly being demand by the customers globally. It could be attributed to an increased awareness about the baby care among the parents and care takers had substantially improved the demand of baby care products.
North America is anticipated to dominate the Global Baby Care Products Market during the Forecast Period
An increase in the e-commerce practices by the customers are substantiating the market demand of baby care products in the North American region. The region occupies majority of the working women that is further stimulating the growth of baby care products in the recent years.
Global Baby Care Products market was highly fragmented among the number of local and global players. Moreover there is an adoption of various market entry strategies including product diversification and partnerships encouraging the market demand of baby care products.
Prominent players operating in the Global Baby Care Productss Market are: Trans Standard International, Bakels Group, GK Ingredients, Archer Daniels Midland Company, Dongguan Dongmei Foods Co. Ltd., Puratos, Midas Foods, PT Sriboga Flour Mill Synova, Corbion, Heliofood, Pt Gandum Mas Kencana, Nestle, Winner Group, Nisshin Seifun Group Inc., KCG Corporation, Limagrain, Swiss Bake Ingredients Pvt. Ltd., Lesaffre, and Oy Karl Fazer AB., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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